Asia

Bitcoin Asia in Hong Kong had over 5,500 attendees, half of whom came from China, where the government has been cracking down on crypto for years. The organizers say the recently launched crypto ETFs were the biggest attraction, with most investors interested in learning about investing in them. Bitcoin Asia, a crypto conference held in Hong Kong on Thursday and Friday last week, attracted over 5,500 attendees, half of whom were from mainland China, where crypto has been banned for…

VELO has emerged as the latest sensation in the crypto market, earning the moniker “the XRP of Southeast Asia.” Over the past six weeks, this crypto has experienced a staggering 358% surge in value, capturing the attention of traders worldwide. VELO Surged 358% in 6 Weeks Velo Labs developed VELO, designed to enable digital credit issuance and borderless asset transfers for businesses. The protocol uses smart contracts to facilitate transactions. It provides a secure and transparent way to transfer value…

AIOZ Network has joined forces with Alibaba Cloud, marking a pivotal moment for Web3 capabilities within the region.  The partnership focuses on the Alibaba Cloud Singapore Innovation Accelerator. It designates AIOZ Network as the main blockchain partner, focusing on providing technological and financial support to selected Web3 projects.  AIOZ Network Joins Forces With Alibaba The collaboration aims to extend beyond financial and technical assistance. Strategic plans aim to establish a DePIN Alliance in Southeast Asia. This initiative seeks to improve…

Algorand foundation has launched the Algorand Asia Accelerator program for blockchain startups. The program is for startups that want to develop finance 3.0 platforms and products. The blockchain foundation revealed in a blog post that 10 startups would take part in the pilot phase. The 12-week accelerator program runs from October 19 until January 2021. A unique initiative to support blockchain startups The Asia Accelerator scheme is an initiative that offers blockchain startups $15,000 in seed funding. Algorand also supports selected…

Are governments keen to regulate cryptocurrencies to prevent financial fraud and protect citizens, or are they using regulation to Stifle Decentralized Finance? "What Was TON And Why It Is Over" is the title that was given to the parting statement made by Telegram's co-founder after Telegram was recently forced to abandon the TON blockchain project. After a continuous legal battle with the US Securities Exchange Commission (SEC), this ensued, which accused Telegram of conducting an illegal ICO sale and issuing…

People have been considering Asia as the world’s cryptocurrency hub for a long time now. There has been remarkable growth in the cryptocurrency domain in nations such as Japan, Singapore, South Korea, and China. China is in the last stages of creating a central bank digital currency (CBDC), thereby proving that the continent has placed itself ahead of others regarding digital assets. Recently in a podcast, Adam Traidman, the joint founder of one of the pioneering Bitcoin wallets on the app store (BRD) spoke about China’s digital Yuan and…

The current global economic trouble is shifting attention to blockchain technology. Before now, some governments have been considering and looking into how to deploy the technology in some sectors. Interestingly, the government of South Korea has noted that the blockchain market stands for a “golden opportunity” for the country. The government is admonishing private sector firms in the country to exploit this potential. On Apr. 17, Fn News released a report which noted that the Vice Minister of Strategy and Finance,…