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A new venture capital fund called Proof of Capital was launched on Wednesday with US$50 million in funding. The fund will invest in blockchain startups with a focus on fintech, infrastructure, hardware and consumer products. The fund was raised last month with backing from the...
Singapore blockchain startup EVX Holdings, operating under Everex, has received the green light from Thailand to deploy blockchain technology to facilitate international remittances and establish “payment connectivity” between Thailand and Myanmar. Called the Krungthai and Shwe Remittance project, the initiative involves Krungthai Bank (KTB) from Thailand and Shwe Bank from Myanmar.
Liquid, a cryptocurrency exchange platform operated by Quoine Pte. Ltd., has announced the first close of an ongoing, undisclosed Series C funding round which the company claims has brought its valuation “to over US$1 billion” and established itself as one of only two tech unicorns in Japan.
Quantstamp Inc., a Y Combinator-backed blockchain security startup, has announced the establishment of a limited liability company, Quantstamp Japan GK, after receiving a “significant investment” from Nomura Holdings and Digital Garage. Quantstamp Japan GK will focus on assisting Japanese startups and enterprises in using secure blockchain technology....
The cryptocurrency frenzy of these past years has created a new generation of investors in Asia, according to new data released by investing platform eToro. 73% of new investors that joined eToro globally in 2017 and 2018 purchased crypto. Of these investors, 11% have...