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Real Estate Blockchain Expo • September 19-21, 2018

 Co-hosted by Korea’s no. 1 Economic Media, the Korea Economic Daily and Real Estate Experts, FIABCI Korea Chapter, we are…

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Tag: Hong Kong

Hong-Kong Based Blockchain Firm Set to Raise $12.7 Million to Finance Yen-backed Stablecoin

Category: Altcoins, Blockchain, Business, Finance, News, Regulation

Hong-Kong Based Blockchain Firm Set to Raise $12.7 Million to Finance Yen-backed Stablecoin

Grandshores Technology Group, a Hong-Kong based real estate firm turned blockchain investor, is set to raise HKD 100 million ($12.7 million) to finance a Japanese Yen backed cryptocurrency project The South China Morning Post reported on September 18, 2018. From Real Estate to Blockchain Investment Formerly known as SHIS Ltd., Grandshores Technology entered into the blockchain foray as a result…

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Blockchain Incubator SmartUp Receives Funding from D Capital and Soul Capital

Category: Blockchain, Development, Investment, News, Tech

Blockchain Incubator SmartUp Receives Funding from D Capital and Soul Capital

SmartUp, a Hong Kong-based blockchain incubation platform announced on September 13, 2018, that they received an undisclosed sum from D Capital and Soul Capital. The additional funding will help SmartUp build a global blockchain incubating ecosystem to aid blockchain-related startups with support, financing, consulting, and lead investing. Investment from Institutional Investors in APAC Will Help SmartUp Expand According to e27,…

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Asia’s First Cryptocurrency Visa Debit Card Set to Launch in Singapore

Category: Adoption, Altcoins, Bitcoin, Business, Finance, Investment, News

Asia’s First Cryptocurrency Visa Debit Card Set to Launch in Singapore

Hong Kong-based blockchain start-up named Crypto.com is set to launch Asia’s first cryptocurrency enabled Visa debit card. Per a report on South China Morning Post on September 5, 2018, the firm’s partner bank has plans to issue 100,000 cards globally over the next two months, starting with Singapore. The debit card will be linked to fiat and crypto wallets supporting…

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Chinese Bitcoin Mining Rig Makers Set to Make Billions with IPO Plans

Category: Altcoins, Bitcoin, Business, Finance, Investment, News

Chinese Bitcoin Mining Rig Makers Set to Make Billions with IPO Plans

The big three in the world of bitcoin mining equipment manufacturers are all planning to list in Hong Kong and raise billions of dollars in the process. An August 27, 2018, Reuters report examined how Bitmain, Canaan Creative, and Ebang are going about their billion dollar IPO plans. At a time when other participants in the space are reporting low…

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Beijing-Based Bitmain Loses Its Edge, While BitMEX Rents out the World’s Most Expensive Office

Category: Altcoins, Bitcoin, Business, Mining, News

Beijing-Based Bitmain Loses Its Edge, While BitMEX Rents out the World’s Most Expensive Office

Bitmain, China’s cryptocurrency mining manufacturing giant will be facing fierce competition from makers of rival cryptocurrency mining equipment. While the company eyes a landmark initial public offering (IPO), Bitmain may be in trouble as the demand for cryptocurrency mining falls and new competitors emerge in the market. Although the cryptocurrency mining industry faces difficult times ahead, BitMEX is, however, performing…

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Hong Kong: Universities Receive $20 Million for Blockchain and Fintech Research

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Hong Kong: Universities Receive $20 Million for Blockchain and Fintech Research

Hong Kong’s push for implementing blockchain technology within its fintech prowess is fast progressing. The island country granted $20 million for the research and development of blockchain-based payments systems to several local universities, as reported by China News on August 12, 2018. Hong Kong’s Blockchain Push Hong Kong’s lack of innovative fintech products is spurring the government to turn towards…

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Restaurants and Cafes To Soon Hong Kong Integrate Cryptocurrency Payments

Category: Adoption, Altcoins, Blockchain, Business, Development, Finance, News

Restaurants and Cafes To Soon Hong Kong Integrate Cryptocurrency Payments

Pundi X, a crypto Point of Sale (PoS) machine and network developer, has secured a deal with FAMA Group to supply crypto PoS machines to restaurant chains and cafes across Hong Kong. In an interview with local publication iNews24, Pundi X co-founder and CEO Zac Cheah said stated the high adoption rate of cryptocurrencies in Southeast Asia and the lack of infrastructure…

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World’s Oldest Bitcoin Exchange BTCC to Launch New Platform: Introduce Suite of New Features

Category: Altcoins, Business, Finance, News, Tech

World’s Oldest Bitcoin Exchange BTCC to Launch New Platform: Introduce Suite of New Features

The world’s first bitcoin exchange has announced plans to launch an upgraded platform in June 2018, in addition to introducing trading pairs for several cryptocurrencies. Zero Fee Trading BTCC, the Hong Kong-based digital asset exchange, announced via an official statement on May 24, 2018, about plans to launch an upgrade. “BTCC Exchange” platform in June 2018, which aims to provide…

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Hong Kong Gangsters Not Interested in Cryptocurrencies

Category: Altcoins, Bitcoin, Business, News, Regulation

Hong Kong Gangsters Not Interested in Cryptocurrencies

The Money Laundering and Terrorist Financing Risk Assessment Report released by the Hong Kong Financial Services and Treasury (FSTB) has concluded that cryptocurrencies are not a tool employed by the island’s criminal fraternity. Hong Kong is currently witnessing stern discourse around whether the city is doing enough to combat financial crime. Hong Kong a Powerful, Free Economy Struggling With Regulation…

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Hong Kong Banks Plan Mortgage Valuations on Blockchain

Category: Business, News, Tech

Hong Kong Banks Plan Mortgage Valuations on Blockchain

In a bold and encouraging move forward, HSBC along with The Bank Of China Hong Kong have publicly addressed their plans to implement blockchain technology in select mortgage services and property valuation models by mid-November 2016. This veer towards the brilliant blockchain “Tech-topia” is a result of the substantial resistance from regulators in big banking, according to Duncan Wong from…

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