Asia

Custody

DBS Launches Bank-Backed Crypto Trust Service in Asia First

Sebastian SinclairMay 14, 2021

The bank becomes the first in Asia to offer crypto trust services providing custody and trading.

Funding Rounds

Babel Finance Raises $40M From Zoo Capital, Sequoia Capital, Tiger Global

Jamie CrawleyMay 10, 2021

The investment is the first foray into Asia's crypto finance industry for Zoo, BAI Capital and Tiger Global Management.

Venture Capital

Ex-Poker Pros Raise $130M Fund for DeFi Bets

Ian AllisonJul 29, 2021

Ascensive Assets’ investors are mainly high-net-worth individuals in Asia connected to the gambling industry.

Fan Tokens

Chiliz’s CHZ Holders Love the Nasty Elbows – And the 20-Fold Price Gains in 2021

Muyao ShenApr 23, 2021

It's not exactly the Rumble in the Jungle, but the fight between British featherweight fighter Brendan Loughnane and Brazil’s Sheymon Moraes could make cryptocurrency history.

DeFi

Conflux Launches Cross-Chain Bridge to Connect Asia’s Largest Crypto Exchanges

Sandali HandagamaApr 20, 2021

Users on Ethereum, Binance Smart Chain, Huobi ECO Chain or OKEx Chain would be able to convert digital assets on one of these networks to an identical asset on a different chain.

Asia

Ripple

Uber, Goldman Sachs Veteran Joins Ripple as Asia Managing Director

Tanzeel Akhtar

Ripple taps a finance and tech veteran to be managing director in Southeast Asia.

Bitcoin Price

Bitcoin Tends to Weaken During Asian Trading, Especially After Bank of Japan Policy Shift

Damanick Dantes

Asian sellers meet North American buyers, as BoJ policy move reminds traders of timing patterns.

Bitcoin

Bitcoin Sells Off on Bearish Sentiment, Yellen Worries

Muyao Shen

The sell-off also led to major corrections for other cryptocurrencies including ether, stellar, xrp and chainlink.

Year in Review 2020

Charting Asia’s Dominant Fintech Frontier

Amrit Kumar

Asia looks poised to continue its trajectory towards digital dominance, says the co-founder of Zilliqa.

Bitcoin

Bitcoin May Have Hit Wall of Profit Takers Around $19,500: Analyst

Omkar Godbole

Huobi Global saw an influx of larger-than-average bitcoin deposits soon before the price drop, an analyst said.

Fidelity Digital Assets

Fidelity Digital Assets Expands Crypto Custody Service to Asia

Omkar Godbole

The cryptocurrency-focused arm of financial services giant Fidelity Investments is expanding its custody service through Singapore-based Stack Funds.

Project Bakong

Cambodia Central Bank Launches Bakong Blockchain Payments System

Danny Nelson

Cambodia sees Bakong as a critical step in modernizing its payment system and de-dollarizing its economy.