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Temasek’s Vertex to Expand in Singapore, Invests in Crypto Exchange Binance

Temasek’s Vertex to Expand in Singapore, Invests in Crypto Exchange Binance

The wealth reserve of the legislature of Singapore has monetarily sponsored the world’s biggest cryptographic money trade, Binance, flagging a developing connection between the nation and the digital currency network. This organization means to build up a fiat-to-crypto trade in the city-state. Vertex Ventures, the funding arm of Temasek Holdings, said it made an interest...

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Binance Pauses Tether Withdrawals After Denying Delist Rumor

Binance Pauses Tether Withdrawals After Denying Delist Rumor

Crypto exchange Binance, the world’s largest by volume, suspended withdrawals of the tether (USDT) stablecoin Monday morning during what it called a period of heightened activity. Withdrawal functionality has since been returned, according to Binance’s website, which previously stated “wallet maintenance, withdrawal suspended” on the page for USDT. A customer service administrator on the platform’s English-language Telegram...

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China Establishes Blockchain Test Zone in Hainan Free Trade Zone

China Establishes Blockchain Test Zone in Hainan Free Trade Zone

China has launched a “Blockchain Test Zone” section in its recently-established Free Trade Zone on Hainan island. The project already involves a number of big-name companies and institutions including Oxford University, the People’s University of China, and the Ministry of Industry and Information Technology. It’s another step towards China’s goal to become a world leader...

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Ideanomics to Deploy Blockchain Solution for Major Chinese Ports

Ideanomics to Deploy Blockchain Solution for Major Chinese Ports

US-based technology firm Ideanomics formed a joint venture with APMEN Trade Tech Co Ltd. to deploy an intelligent digital supply chain management platform driven by blockchain and super artificial intelligence (AI) technology for APEC Model E-port Network (APMEN), APEC’s online port clearance system. Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to leverage...

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China Top Coins – Infographic Series – 2018/09/21

China Top Coins – Infographic Series – 2018/09/21

China Top Coins – Infographics about the top Chinese coins, which include more specific data about 24h trading volume, the number of transactions made within 24h, the number of active addresses within 24h and the comparison between the ATH and current market cap. The goal of this series was to create something new and unique...

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Binance Plans to Launch Crypto Exchanges on Almost Every Continent

Binance Plans to Launch Crypto Exchanges on Almost Every Continent

One of the world’s largest crypto exchanges by trading volume wants to set up fiat-to-crypto trading platforms on almost every continent. Binance founder and CEO Zhao Changpeng closed out the first day of CoinDesk’s Consensus Singapore event with a fireside chat, where he discussed a range of topics, including how he grew Binance from a...

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Grandshores Fund Raises HK$100m to Invest in Japanese Cryptocurrency

Grandshores Fund Raises HK$100m to Invest in Japanese Cryptocurrency

Grandshores Technology Group, a Hong Kong-listed contractor-turned-blockchain investor, plans to raise HK$100 million (US$12.7 million) via a digital token fund to finance a yen-backed cryptocurrency project. Grandshores Technology’s pivot to blockchain investment is the result of an acquisition of SHIS by a company controlled by Yongjie Yao in May and its subsequent back door listing....

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Blockchain Trade Finance Platform Enters Test Phase Backed By PBoC

Blockchain Trade Finance Platform Enters Test Phase Backed By PBoC

A blockchain trade finance platform spearheaded by China’s central bank has entered the testing phase ahead of an official roll-out. According to a report from 21st Century Business Herald on Tuesday, the first phase of the so-called Bay Area Trade Finance Blockchain Platform is already deployed across financial institutions in the southern city of Shenzhen and is...

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Chinese Ride-hailing Pioneer Returns with Blockchain App

Chinese Ride-hailing Pioneer Returns with Blockchain App

Kuaidi Dache founder Andy Chen Weixing was forced out of China’s ride-hailing industry in 2015 after his company merged with competitor Didi Dache to end a ruinous price war and form a larger service provider, Didi Chuxing. As the management at ride-hailing giant Didi struggles to contain the fallout from a second passenger killed in...

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Chinese County Establishes Blockchain Company to Develop Forestry Industry

Chinese County Establishes Blockchain Company to Develop Forestry Industry

A county in China’s northern Sichuan province has signed a strategic cooperation contract to establish a new blockchain company in an effort to develop the forestry industry, local news outlet China Net reported August 24. The Beichuan Qiang Autonomous County of Sichuan Province and Beijing Sinfotek Group have jointly established a new company, Hangzhou Yi...

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