Asia Financial News

26.07 / 12:59

Blockchain Asia hackathon Competitors battle it out in eight-day hackathon, and top blockchain firms are watching

An eight-day hackathon has officially kicked off in Asia — with talented competitors getting a chance to unlock thrilling new career opportunities.

25.07 / 23:03

Polygon Tether Asia Bitcoin crypto market cap Fed policy and crumbling market sentiment could send the total crypto market cap back under $1T

The total crypto market capitalization broke above $1 trillion on July 18 after an agonizing thirty-five-day stint below the key psychological level. Over the next seven days, Bitcoin (BTC) traded flat near $22,400 and Ether (ETH) faced a 0.5% correction to $1,560.

25.07 / 22:27

business Asia Survey Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain: Report

The Asia Pacific region is seeing a major business shift with increasing numbers of new technology startups appearing, even as venture capital investment is decreasing compared to last year. A report from Big Four accountant KPMG and international banking company HSBC based on a survey of 6,472 Asian Pacific startups found that over a quarter of them are blockchain related.

24.07 / 10:49

business cryptocurrency Asia World Troubled crypto exchange Zipmex says it’s mulling possible offer

Zipmex, a cryptocurrency exchange that operates in markets like Singapore and Thailand, said on Sunday it was considering a possible offer after talks with interested parties and due diligence should commence.

21.07 / 13:23

Tencent Asia TRON Tron’s Justin Sun Eyes ‘Acquisition’ Move for Tencent’s NFT Division

The Tron (TRX) founder Justin Sun says that TronDAO, a decentralized autonomous organization (DAO) that governs the Tron network’s development, wants to “acquire” a non-fungible token (NFT) arm of the Chinese tech powerhouse Tencent.

20.07 / 14:21

business Investments coinbase Asia Suspends Withdrawals Financial Breaking: Zipmex suspends withdrawals as CEO denies financial trouble rumors

Thai cryptocurrency exchange Zipmex has paused withdrawals on its platform following a "combination of circumstances" beyond its control. Cointelegraph reports that Zipmex could be in trouble were dismissed as “rumors” by CEO and co-founder Marcus Lim following the failed acquisition of the Thai exchange by Coinbase.

18.07 / 19:49

Blockchain Technology Asia events Eight-day hackathon planned at one of Asia's biggest blockchain events

One of Asia's biggest blockchain events is due to take place within weeks — and it's going to feature an eight-day hackathon.

18.07 / 02:57

Government Adoption Asia regulatory The regulatory implications of India’s crypto transactions tax

The Indian crypto landscape lost some momentum this year as the government introduced two laws demanding crippling taxes on crypto-related unrealized gains and transactions.

14.07 / 17:59

Adoption Binance Asia Philippines’ digital transformation could make it a new crypto hub

Binance, the cryptocurrency exchange, has recently acquired a virtual asset service provider (VASP) license from the Bank of Spain in order to operate in the country. In its ambitious expansion plans that the cryptocurrency exchange is persisting despite the global jump and market slump in the cryptoverse, there is another country that Binance is looking toward — the Philippines.

14.07 / 06:35

Latin America Europe Asia Middle east KuCoin volumes more than double the existing crypto m-cap in H1

Crypto exchange KuCoin has released its semi-annual report for the ongoing calendar year, where it claims volumes reached the $2 trillion mark. The Seychelles-headquarter exchange has added 9.75 million new users during the period, with the total number of users crossing the 18 million mark, as per the report. The total volumes, including both spot and futures, is more than double the total market cap of the crypto cart, struggling to hold the $1 trillion mark for about a month now. This showcases a 180 per cent growth compared to the same period in 2021.

12.07 / 23:39

regulation Asia Central Bank Warning Sri Lanka central bank reiterates crypto warning following protestors seizing president's residence

Amid economic and political turmoil, the Central Bank of Sri Lanka, or CBSL, has warned the public against crypto purchases due to the lack of regulatory oversight.

07.07 / 17:21

Blockchain Adoption Asia Opera Accessibility Opera Crypto Browser integrates Coin98 to bolster Web3 accessibility in Southeast Asia

Opera Crypto Browser, a Web3-focused project for facilitating navigation across decentralized applications (DApps), games and metaverse platforms, has announced a partnership with Coin98, a Southeast Asia-based decentralized finance (DeFi) platform, to bolster Web3 accessibility.

28.06 / 13:53

Mining regulation Asia Uzbekistan warms up to Bitcoin mining, but there’s a catch

The National Agency of Prospective Projects (NAPP) in Uzbekistan announced its demands toward crypto mining operators. It would only allow the companies that use solar energy to mine Bitcoin (BTC) or other cryptocurrencies.

22.06 / 13:31

Adoption regulation Asia Crypto.com scores approval from Singapore finance regulators

Major Singapore-based cryptocurrency exchange Crypto.com received in-principle approval from the Monetary Authority of Singapore (MAS) for its Major Payment Institution License. The license will let the platform provide a range of payment services in the country.

17.06 / 23:05

markets Tether Asia Bitcoin Support Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support

The total crypto market capitalization fell off a cliff between June 10 and 13 as it broke below $1 trillion for the first time since January 2021. Bitcoin (BTC) fell by 28% within a week and Ether (ETH) faced an agonizing 34.5% correction.

17.06 / 16:09

business regulation Asia Withdrawals Crypto lender Babel Finance halts withdrawals due to liquidity pressures

Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn.

15.06 / 23:43

Adoption Europe Asia Survey One in Seven Wealthy People Now Owns ‘Digital Assets’ – Survey

A new report has found that global high-rollers are spending more money than ever on crypto, which has become “an essential part” of rich individuals’ investment portfolios.

10.06 / 13:11

Blockchain ETF Asia Samsung Samsung Asset Management to launch blockchain ETF in Hong Kong

Hong Kong-based Samsung Asset Management (SAMHK), a local subsidiary of Samsung’s investment arm, is moving forward with a blockchain-themed exchange-traded fund (ETF).

09.06 / 15:45

business Blockchain Binance Asia Crypto exchange Binance seeks critical licenses in Philippines, CEO says

Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm's operations within the Philippines.

08.06 / 13:39

Blockchain Gaming Asia Japanese VC Firm Mistletoe Strengthens Crypto Focus, Says Web3 Will Spread to All Industries

The Japanese venture capital firm Mistletoe is strengthening its focus on the crypto industry amidst the market downturn, arguing that Web3 will “spread to all industry segments” in the future, just like the Internet has done.

07.06 / 13:23

cryptocurrency Adoption Asia Survey Accenture Sees Strong Demand for Digital Assets Among Asian Investors, but Hesitancy Among Advisory Firms

There is a strong demand for digital assets among investors in Asia, but wealth management firms remain hesitant to support them, according to a new report from consulting giant Accenture.

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