Tuesday, May 25, 2021
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Huobi looks to become Grayscale of Asia, Yao Ming’s NFT wine, and Chinese crypto investors go to the dogs

Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major

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Nigeria and South East Asia led global crypto adoption in 2020

Data published by statistics firm Statista has revealed Nigeria is the leading country per capita for Bitcoin and cryptocurrency adoption, with nearly one in three survey respondents indicating they used or owned crypto assets in 2020.According to the survey, the pre-existing prevalence of mobile phone based peer-to-peer payments has led

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Hong Kong-Listed BC Group Raises $90M as Institutional Crypto Demand Soars in Asia

Hong Kong Stock Exchange-listed BC Technology Group, the parent company of regulated crypto platform OSL, has raised HKD697 million (approximately $90 million) in the form of a top-up share placement.2020 was a busy year for OSL, an institution-focused digital asset platform based in Hong Kong, providing prime brokerage, custody, exchange

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Fidelity Investments’ crypto arm expands custody to Asia

Fidelity Investments — one of the largest asset managers in the world — continues to expand its global reach in the cryptocurrency industry through its dedicated crypto subsidiary.According to an Oct. 29 Bloomberg report, Fidelity Investments’s crypto branch Fidelity Digital Asset Services has partnered with a Singaporean startup Stack Funds

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Fidelity Digital Assets Expands Crypto Custody Service to Asia

The cryptocurrency-focused arm of financial services giant Fidelity Investments is teaming up with Singapore-based Stack Funds to cater to the growing demand for cryptocurrencies in Asia. A new partnership will bring Stack’s regional clients access to the secure custody services provided by Fidelity Digital Assets, according to a Bloomberg report

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Painful Housing Market Slump? Not in Recession-Proof Asia

China, Singapore, and Seoul’s housing market demand is continuing to surge, defying the pandemic-induced economic slump.Singapore, in particular, is seeing a consistent increase in demand all-around, even in the suburbs.UBS analysts believe global housing prices are nearing bubble levels, but strategists see major catalysts for home prices in 2021.The financial

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