Region Asia-Pacific Financial News

25.03 / 00:57

business MasterCard MetaMask Bitcoin Bitcoin climbs network Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs

Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region, allowing users to spend USDC through its network. It’s happening, folks!

22.03 / 16:41

business Blockchain wallet Multichain valuation Multichain wallet BitKeep raises $30M at $300M valuation

On Mar. 22, cryptocurrency derivatives exchange Bitget announced a $30 million investment into multi-chain wallet BitKeep at a $300 million valuation. The deal will see Bitget become the controlling shareholder of BitKeep and allow the latter to "access to the exchange's proven technology and security capabilities in the exchange domain, thus helping it improve the stability and security of its services." Gracy Chen, managing director at Bitget, commented:

15.03 / 13:03

business Kucoin Stablecoin Altcoin Funding Chinese yuan KuCoin leads $10M funding for Chinese yuan stablecoin issuer

The investment arm of major cryptocurrency exchange KuCoin is moving to support new stablecoin initiatives by backing a Chinese yuan-pegged stablecoin issuer.

03.12 / 15:21

business Blockchain Asia Power services Avalanche to power Alibaba Cloud's infrastructure services in Asia

Alibaba Cloud, a.k.a Aliyun, a subset of Chinese e-commerce giant Alibaba, announced an integration with Avalanche blockchain to power the company’s Node-as-a-Service initiatives.

25.10 / 00:17

business Adoption Payments Bitcoin Global Bitcoin payments market projected to reach $3.7B by 2031: Research

The global Bitcoin (BTC) payments market will reach $3.7 billion by 2031, registering a compound annual growth rate (CAGR) of 16.3% from 2022 to 2031, with private keys and hardware driving the sector expansion, forecasted Allied Market Research in a report published on Oct. 24.

08.10 / 18:37

CoinMarketCap Huobi Huobi Global: Will the exchange’s latest move prove to be a blessing-in-disguise

Cryptocurrency trading exchange Huobi Global is all set to be acquired by Hong Kong-based About Capital Management. The announcement was shared by Huobi Global through a press release.

16.09 / 16:01

business Adoption Gaming Animoca Brands continues shopping spree with MotoGP mobile dev acquisition

One of Web3’s leading digital property rights developers, Animoca Brands, announced yet another major acquisition to its increasing portfolio of gaming subsidiaries.

14.09 / 17:43

ETH FIVE Juniper Doodles NFT holders would be happiest to know this latest development

NFT creator Doodles hasraised $54 in a funding round led by Seven Seven Six, with a valuation of $704. The fund will be used to fund product development and build a team.

09.09 / 04:15

Blockchain Lowe's CEO coinbase Former Meta execs raise $300M to ‘accelerate adoption’ of Sui blockchain

Mysten Labs, the company behind the yet-to-launch layer-1 blockchain Sui has raised $300 million aimed at building core infrastructure and accelerating the adoption of its Sui blockchain ecosystem.

22.08 / 13:17

UPS Provident Digital Australia Announces 'Token Swap' Campaign to Accelerate Crypto Regulation

Australian federal government willimplement a «token mapping» exercise to inform future regulation of the country's crypto assets, laying the groundwork for «determining how crypto assets and related services should be regulated,» according to Bloomberg.

18.08 / 15:07

business Stablecoin Tether Dollar accounting Reserve Tether reserve attestations to be conducted by major European accounting firm

In a step toward greater transparency and better alignment with international accounting standards, stablecoin operator Tether Holdings Limited has tapped BDO Italia to conduct regular reviews and attestations of its dollar reserves.

11.08 / 04:45

Blockchain Adoption NFT Developers Truly decentralized Web3 needs more developers: Animoca co-founder

Animoca Brands co-founder and chairman Yat Siu has urged for more developers to enter the Web3 space, warning that without “choice” there can be no “decentralized environment.”

05.08 / 16:45

Ethereum Asia USDC Bitcoin Global Professionals Increasingly Interested In Bitcoin & Crypto Payments - Report

The ongoing market downturn has not discouraged professionals from taking payment in cryptoassets, as indicated by the latest report released by global payroll specialist Deel.

30.07 / 03:07

Asia Fundraising Leaders North Americans are 'Most Likely to Write Rules of Metaverse' – CoinShares

Although the concept of the metaverse is still nascent, it is the Americans who are the most likely to write the rules in the space - as they're the leaders in terms of fundraising, suggests a recent report by Max Shannon, Digital Asset Analyst at the crypto investment and research firm CoinShares.

30.06 / 18:21

business Adoption Investments Funding OP Crypto launches $100M fund to back early-stage crypto VCs

OP Crypto, a cryptocurrency venture capital firm founded by former Huobi executive David Gan, is launching a new fund to support emerging fund managers focused on early-stage crypto investments.

04.06 / 11:49

business Blockchain investigation Investigations South Korea ramps up crypto investigations and regulations

On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which are government institutions.

10.05 / 15:13

business PayPal Bitcoin Talos raises $105M to become the latest crypto unicorn valued at $1.3B

PayPal-backed cryptocurrency firm Talos is becoming the latest unicorn in the industry, reaching a $1.25 billion valuation following new funding.

29.04 / 01:07

business Report Survey Bitcoin Singaporean investors’ appetite for crypto is key to mainstream adoption — Survey

As Singapore continues to play an active role in boosting crypto adoption across the Asia-Pacific region, the country’s first licensed crypto exchange Independent Reserve conducted a retail-focused survey to better understand the underlying potential of the regulated market.

17.03 / 00:09

defi HSBC banking Sandbox HSBC enters The Sandbox to offer educational finance games

HSBC, one of the largest European banks, with total assets of $2.4 trillion, announced its intention to buy a virtual plot of LAND within The Sandbox for an undisclosed amount. The new partners will develop opportunities for users to engage with sports, esports and gaming enthusiasts, according to the statement by The Sandbox.

11.03 / 12:37

Smartphone HTC Plans To Launch A Metaverse Phone: Here's What We Know So Far

HTC is well-known for emphasising virtual reality and developing its own version of the metaverse.

18.02 / 16:37

Adoption Europe Asia Survey Financial More Investors Enter Crypto But Keep Multiple Financial Service Providers - Survey

Crypto ownership is on the rise, but investors are not abandoning traditional financial services as a result of their intensifying interest in cryptoassets. On the contrary, crypto investors are more likely to use multiple financial services providers than the general population is, suggests a recent report by global business intelligence firm Morning Consult.

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