Asia

Asian crypto exchange OKEx is listing various memecoins, including the dogecoin alternative Shib coin (SHIB). Lennix Lai, OKEx's Director of Financial Markets, joins "First Mover" to discuss the rise of memecoins in Asia and the impact of Ethereum creator Vitalik Buterin's massive memecoin donation on the markets. Plus, an update on OKEx's relationship with former CEO Star Xu.

13 mag 2021

Stablecoins adoption in Asia is outpacing the world as the transaction volumes of dollar-pegged crypto in the region continue their surge. JPMorgan, DBS Bank and Singapore’s sovereign wealth fund Temasek extend their Project Ubin partnership to form Partior. The new partnership will remove the pain points of cross-border payments and digitize commercial money through blockchain.

29 apr 2021

Online gaming giant Nexon added 1,717 Bitcoins worth $100 million USD into its corporate treasury, stamping the largest crypto purchase from a Tokyo Stock Exchange-listed firm. In China, the deadline for crypto miners to wrap up businesses in Inner Mongolia is inching closer. Could Europe and the United States present greener pastures?

28 apr 2021

Bitcoin recovered about one-third of the recent decline from $64.8K to nearly $47K, but what’s behind the bounce? According to Kapil Rathi, CEO of CrossTower, the rise in price could be attributed to various factors, including increased retail investment, decreased leverage in the Asian markets, and signs that institutions bought the dip.

26 apr 2021

Asia’s no slouch when it comes to environmentally friendly initiatives in its blockchain industries. These are the latest green crypto trends in this region, from institutions wanting carbon-neutral bitcoins to tokenizing carbon credits. In the DeFi space, Conflux launches a new platform that aims to bridge the gap between ecosystems in the East and the West. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

22 apr 2021

Blockchain and fintech groups in five ASEAN countries and Australia sign memos to advance blockchain innovation together. The consortium hopes to engage regional regulators as blockchain draws more attention from institutions. PayPal announces plans to launch a new domestic wallet in China, with a focus on cross-border payments.

21 apr 2021

South Korean authorities are now targeting all illicit crypto activities in the country during a special enforcement period from April to June. “The Hash” panel suggests why this might be a big turnaround for Korea in its position as a major global hub for cryptocurrencies.

21 apr 2021

The meme-fueled froth for Dogecoin spreads to Asia as it nips at the tail of XRP. Meanwhile, Asian exchanges record staggering surges in traffic and Doge trading volumes. Regulators follow the heated crypto space closely with South Korea announcing a “pan-governmental crackdown period” on illicit virtual asset use.

20 apr 2021

China gives the “alternative investment” label to crypto and hints at reserving a seat for digital assets in the country’s digital economy. Meanwhile, exchanges in Asia recover from crypto’s weekend price crash and see spikes in bitcoin long orders. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

19 apr 2021

Crypto exchanges in the Philippines are in the crosshairs of the International Monetary Fund. The IMF warns the country’s financial sector status could diminish if exchanges are left unchecked and potentially abused for financial crimes. That as China extends tests of its digital currency to its free trade zone, Hainan Province.

13 apr 2021