Cryptocurrency Analysis and News Portal
The stock market in Asia and Europe had a contrasting day where a majority of the stock markets across the Asia-Pacific region climbed across the board, while European markets had a mixed day. While South Korea’s bullish rally drove Asian markets, European shares faced downward pressure from underperforming luxury stocks.South Korea
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Oct. 10 saw major Asian and European stocks surge higher owing to a wave of risk appetite.Another major factor that played a key role in the bullish resurgence of European and Asian stocks was the United States Federal Reserve’s optimistic outlook on bond yields.U.S. Treasury yields fell sharply on Tuesday,
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Hong Kong-based crypto-focused venture capital firm CMCC Global has raised $100 million to support Asian blockchain startups. The crypto fund, called Titan Fund, closed its inaugural funding round on Oct. 4, with participation from 30 investors, including blockchain company Block.one, Hong Kong tycoon Richard Li’s Pacific Century Group, Winklevoss Capital, Jebsen
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Japanese blockchain startup Soramitsu is exploring new central bank digital currency (CBDC) applications with a new project on the cross-border payment system for Asian countries.Soramitsu will deploy Cambodia's CBDC and fiat-pegged stablecoins as part of its new payment system targeting countries like India, China, Japan and regions like Southeast Asia.The
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South Korea’s Shinhan Bank has completed its second proof-of-concept using stablecoins for international remittances. Siam Commercial Bank’s SCB TechX unit and an unnamed Taiwanese financial institution also participated in the project.The project carried out real-time settlement and foreign exchange integration with the banks’ national currencies on the Hedera network. The
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The leading cryptocurrency by market value rose almost 1% to touch $30,300, reversing some of Thursday's slide. The MSCI's broadest index of Asia-Pacific shares, excluding Japan, extended the prior session's weakness to drop to a five-week low, while U.S. stocks registered notable losses after a blowout ADP private-sector employment report
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Sooner than later, CZ and Balaji moved on, though. Zhuling Chen, founder and CEO of staking access startup RockX, his second crypto startup in Singapore, said that his view of the local crypto community is decidedly different from a luxury island for conspicuous billionaires. He describes a racially and gender
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Last week, almost all the key markets for digital assets in Asia got updates from local regulators. Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1. According to reports, a vital feature of the new measures is the enforcement of the “Travel
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The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This move will help them reduce
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A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest
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