TokenPost reporter
Melvin Alfred Wong
Stories by Melvin Alfred Wong
- 110 cryptocurrency exchanges seek to enter Japanese market
With Japan being one of the biggest economies in the world and having a substantial gadget-centric population along with crypto-friendly regulations, it’s the perfect ecosystem for cryptocurrency. This is why over 110…
· Regulation
- Libra threat could force China’s hand to create own crypto coin
China has been looking to create its own cryptocurrency for quite some time now, but nothing major has come of it. However, with the threat of Facebook Libra slowly moving across the horizon, the People’s Bank of Chin…
· Technology
- Fidelity International explores blockchain tech, inches closer to launching crypto trading desk: Report
Fidelity International was recently reported to be entering the blockchain and cryptocurrency sphere. The firm is said to be testing out a trading simulator where players can use fake digital currency to practice trad…
· Business
- Grayscale Investments' Bitcoin Trust opens doors for private placement again
Crypto asset management firm Grayscale Investments has announced that the Grayscale Bitcoin Trust (GBTC) will resume private placement of its shares for investors.
· Investing
- Binance makes crypto transactions faster, confirmation requirements reduced
Cryptocurrency exchange Binance has announced the measures it is undertaking to make both deposits and withdrawals much faster. This works for both the Bitcoin and the Ethereum networks.
· Business
- Arizona State University initiates blockchain project with SalesForce to improve college completion rate
College degrees have become incredibly important for getting productive jobs these days and the Arizona State University intends to make sure that as many students get them as possible. One of the ways it intends to d…
· Technology
- Dubai underscores blockchain potential in fight for sustainability
At a recent training event called the “Carbon Ambassadors Programme,” the Dubai Electricity and Water Authority (DEWA) emphasized the role that blockchain will play in future sustainability projects. The training cour…
· Technology
- Facebook Libra triggers alarm bells in Japan too, stokes major fears
Ever since it was revealed, Facebook Libra has been having a reverberating effect all over the world that saw regulators sweating at the very concept. It is basically seen as a gigantic threat to the sovereign currenc…
· Regulation
- New blockchain partnership to build honest used car database
When it comes to used cars, one of the biggest points of concern is the matter of history. This is what a new partnership between blockchain firm Ocean Protocol and used car website sgCarMart will address. By essentia…
· Technology
- Environmental blockchain initiative Global Ledger gains transaction
During the recent World Economic Forum, one of the subjects that was a major focus was the environment and how blockchain can be of use to protecting and preserving it. Through the decentralized ledger technology, an …
· Technology
- Crypto loan entity makes questionable decision regarding Gram ICO
In a rather startling development, Nexo, the firm that offers crypto loans has announced that it would be accepting new collateral in the form of Gram ICO token. This is basically the crypto coin the messaging app Tel…
· Business
- Crypto payments get tax exemptions in Singapore
The Inland Revenue Authority of Singapore (IRAS) recently published a new guide with regards to the Goods and Services Tax (GST) on the matter of crypto payments. Referring to crypto coins as “digital payment tokens,”…
· Business
- Indian crypto Ponzi Scheme busted, 4 arrested
Ponzi schemes are nothing new in the crypto world and recently, four people in India have been arrested for allegedly perpetrating the act. The suspects that were apprehended were Vijay Prajapati, Dhiraj Patel, Kamrud…
· Regulation
- GBCI raises $10M in funding for Chinese blockchain firm Cailu
In a recent round of funding, the Singapore-based smart city venture fund called GBCI Venture raised $10 million for Cailu. This is meant to help the Chinese blockchain media platform grow via R&D, expansions, and mor…
· Business
- US SEC wants to collect blockchain data, could lead to better regulations
Although the US is better at engaging in blockchain technology than most countries, the regulations that will allow companies going into this space to thrive have yet to be fully formed. This might soon change with th…
· Regulation
- Philippine central bank still on the fence regarding its own cryptocurrency
Unlike countries that have declared their support for or against cryptocurrencies, the Philippines remains unwilling to fully commit to either side. Bangko Sentral ng Pilipinas (BPS) Governor Benjamin Diokno recently …
· Regulation
- Japanese blockchain company invests big in India with academy and 5 offices
Emurgo is a Japanese tech company that is focused on blockchain and it would appear that it sees great potential for expansion in India. It was recently revealed that it was setting up an academy in Bengaluru along wi…
· Business
- Cyprus is all in on blockchain, regulations to soon be ready
With regards to the implementation of blockchain technology, Cyprus has been showing enormous interest in pursuing the nascent sector to its fullest degree. Finance Minister Harris Georgiades has been particularly ent…
· Regulation
- Utah seeks to grow fintech and blockchain sector with new regulatory sandbox
Becoming only the second U.S. state to do so, Utah has decided to create a regulatory sandbox with focus on fintech and blockchain sectors. The only other state to do this is Arizona and in both cases, the intent is t…
· Regulation
- Binance forms alliance with 46 companies for charity
In a true case of using blockchain for the greater good, Binance recently announced that it is forming a charity stable coin called “Pink Care Token” (PCAT). It will be doing so through the Binance Charity Foundation …
· Insights & Views
- Chinese news portal Sina Finance starts offering crypto index
China is usually quite unrestrained in being completely against cryptocurrency and everything related to it. However, it would appear that dissociating itself from the cryptocurrency buzz is easier said than done for …
· Business
- Kakao's investment arm considers acquiring blockchain beauty startup Cosmochain's FitsMe service
It would appear that Kakao’s expansion ambitions simply can’t be stopped with the South Korean tech giant's investment arm reportedly considering the acquisition of FitsMe, a beauty dApp owned by blockchain startup Co…
· Business
- Vocal blockchain critic Roubini calls for anti-crypto debate footage release
Well-known American economist and blockchain critic Nouriel Roubini has called out BitMEX co-founder and CEO Arthur Hayes to release the footage of a debate in which the professor claimed that he “destroyed” him.
· People
- Wirex launches support for Stellar Lumens (XLM) in APAC
Wirex, a UK FCA-regulated digital money platform, has announced that it is launching support for Stellar Lumens (XLM) in the Asia Pacific region.
· Investing
- Crypto exchange CEX.IO expands presence in U.S. with Money Transmitter Licenses
Cryptocurrency exchange CEX.IO was recently granted additional licenses to operate in the United States.
· Business
- All new Malaysian ICOs and DAX considered unauthorized pending SC guidelines
Malaysia’s Securities Commission (SC) has issued an advisory warning to the public cautioning them against any new initial coin offering (ICO) or digital assets exchange (DAX). Pending the release of the new guideline…
· Regulation
- Blockchain CRM startup Cere Network attracts investment from Binance Labs, Arrington XRP Capital
With multiple customer relationship management (CRM) solutions spread across business units, companies today find it difficult to extract customer insights. This is where the startup Cere Network comes in.
· Business
- Bitfinex repaid $100M it allegedly misused to Tether
Cryptocurrency exchange Bitfinex has announced that it has paid $100 million of its outstanding loan facility to stablecoin operator Tether.
· Business
- eToroX adds five Ethereum tokens to its wallet, 115 more tokens to follow
eToroX, the blockchain division of global investment company eToro, has announced that it adding support for 120 ERC-20 tokens to its multi-crypto, on-chain wallet.
· Business
- Cuba seeks to avert economic crisis with cryptocurrency
Cuba is currently experiencing an economic crisis after sanctions were placed on the island nation by the United States. New reports indicate that it is now considering using cryptocurrency as a means of getting aroun…
· Technology
- UK FCA seeks to ban crypto derivatives
The UK Financial Conduct Authority (FCA) recently proposed a ban on the sale of crypto-derivatives in a bid to protect investors from sudden losses resulting from extreme volatility in the prices of cryptoassets.
· Regulation
- Crypto asset management firm Prime Factor Capital receives license from UK FCA
The UK Financial Conduct Authority (FCA) recently granted Prime Factor Capital the license to manage crypto assets in the country. For those looking to diversify their portfolios with crypto assets, there is a new pla…
· Business
- Alleged crypto Ponzi Scheme runs with $3B of scammed money: Report
Numerous financial experts have already declared that cryptocurrency is here to stay but the industry is still subject to numerous scams. In the case of South Korean crypto firm PlusToken, for example, it is currently…
· Business
- Electricity wasted by idle devices in U.S. could power bitcoin network more than 4 times: Research
New research coming out of the University of Cambridge revealed two things about today’s modern life that will surprise no one. One is the fact that bitcoin uses up an astounding amount of energy to operate. The other…
· Insights & Views
- H1 2019 saw $822M raised in funds by blockchain startups
The first half of 2019 saw a considerable level of enthusiasm among backers and investors in blockchain, as proven by a recent report by Outlier Ventures. According to the data gathered, as much as $822 million was ra…
· Insights & Views
- Blockchains CEO buys Nevada-based bank to get closer to blockchain vision
Jeffrey Berns, a Nevada attorney and the founder of blockchain incubation and investment company Blockchains.com, has acquired a Nevada-based bank, The Nevada Independent reported.
· Business
- Two major carriers join IBM-Maersk blockchain shipping initiative TradeLens
Blockchain’s influence on the shipping industry is about to get a whole lot bigger thanks to the new development in the Maersk-IBM project.
· Business
- No separate regulation for Facebook's crypto, says Russia's Deputy Finance Minister
Russia is not planning on creating any special regulations separate from the ones that it is now thinking of introducing to cover the crypto industry, as a whole. As things stand, it will still not be possible to purc…
· Regulation
- Sberbank to not initiate new work under Russian central bank's blockchain project
Efficiency issues have caused Sberbank, the largest bank in Russia, to break away from its participation in the Masterchain initiative that was launched by the country’s central bank. The institution’s head of blockch…
· Technology
- $1B worth of bitcoin to be used for narcotics, child porn, and other crimes
It’s well-known that cryptocurrency is the preferred mode of transactions by criminals because of how difficult it is to track. This year, it is expected that as much as $1 billion of bitcoin transactions will be cond…
· Insights & Views