Dovey from DHVC has new fund; Alibaba has >10% of blockchain patents; Line Pay raises $1.3bn; Binance Labs committed to Africa edit
What Crypto insiders are reading.
Don’t forget- if you are based in New York, check out our once a month Mentorship Program at the bottom of the email. It’ll be a great way to meet students and peers in the industry alike.
🌟 Top News in Asia from Monday to Wednesday
Alibaba Group Holding alone filed more than 10 percent of all blockchain patents worldwide in 2017. http://bit.ly/2oFxhDe
*China Media* Dovey Wan from DHVC has left the firm and is still starting a new token fund named Primitive with another crypto investing partner, which will be unveiled on 9/9. Google Translated
Hong Kong blockchain start-up rolls out Asia’s first cryptocurrency Visa debit card, starting with Singapore. http://bit.ly/2PHADBt
Japanese Messaging app Line to raise $1.33 bn for Line Pay, link cryptocurrency and funding financial services platforms. http://bit.ly/2PEC9E9
10 reasons why Binance Labs is fully committed to Africa. http://bit.ly/2oEmF7Z
Thailand’s Anti-Money Laundering Office is planning on setting up its own cryptocurrency wallet. http://bit.ly/2wKqj4D
Japanese city of Tsukuba, north of Tokyo, has recently tested a voting system based on blockchain technology. http://bit.ly/2wN9cPt
BestSign, a Chinese electronic signature and contracts cloud platform, has secured $52.4 million in a Series C funding round led by New York-based investment firm Tiger Global Management, DCM and Matrix. http://bit.ly/2oFpIgc
Temasek denies involvement in IPO on Bitmain. http://bit.ly/2oEYpCr
NetObjex, an operating platform for digital assets, has acquired Kerala-based Servntire Global Pvt. Ltd to expand its product and customer base in the blockchain arena for undisclosed sum. http://bit.ly/2wKUhFm
💰 Coin and Token News
RAM it all: rising costs are turning EOS into a Crypto coder’s nightmare. http://bit.ly/2oGgzUu
Japanese Banking Giant MUFG has professed positive things about Ripple and how its technology has assisted ever since the partnership began. http://bit.ly/2NPdQDf
Pundi X to Offer Crypto Point-of-Sale Services in Brazil and Colombia. http://bit.ly/2PHbZRw
💸 Exchange News
Indian cryptocurrency exchange, Koinex announced their in-house, real-time messaging system, Pushman. http://bit.ly/2oL1MrP
There currently are USD 250 million of fake volume traded at Korean crypto exchange Bithumb, every day at 11AM Korean Time, since August 25th. http://bit.ly/2oC2mrs
🎌 Regulation News
South Korea has begun a six-month training course to turn forty-two applicants into “blockchain specialists”. http://bit.ly/2oDzfnH
Virtual currency exchange rules of Australia and Switzerland are being reviewed as possible templates for the Philippines. http://bit.ly/2wGppGj
“It is not a real currency like Lao kip or Thai baht, because it is unable to pay debt.” — The Bank of the Lao PDR issued a notice warning the public to be on high alert and avoid falling victim to the use of cryptocurrency, including Bitcoin, Ethereum and Litecoin. http://bit.ly/2wKjBeI
China’s Ministry of Industry and Information Technology (MIIT) says “illegal” crypto mining has posed serious threats to the country’s internet security. http://bit.ly/2oBSwWy
The Japan Financial Services Agency has tightened its registration screening for cryptocurrency exchanges to see whether they are properly conducting risk management. http://bit.ly/2oD604z
India’s Securities and Exchange Board organized tours to other countries for its officials to study cryptocurrencies and initial coin offerings. http://bit.ly/2oBUuWW
South Korean gov’t to take a bigger slice of exchange profits. http://bit.ly/2oFIeVm
💼 Business News
A Tokyo Stock Exchange-listed company has built a cryptocurrency settlement platform for real estate transactions. http://bit.ly/2wKqBZ2
Z-POP Dream Project, a South Korea-based entertainment provider, plans to use blockchain technology to find the next K-pop talent and develop a new entertainment platform. http://bit.ly/2oDq8DC
A Japanese cryptocurrency startup founded by a Deutsche Bank AG veteran has hired another alumnus DB to provide research on digital tokens. https://bloom.bg/2oFqVUM
For New York City-based Crypto folks, our Blockchains for Schools Mentorship Program have officially started accepting applications for mentors for the school year.
The mentees are 40 high school students from all over New York City, and each of them has gone through a rigorous interview process to make sure that they have a basic understanding of blockchain.
The program meetup will take place once a month, on a weekend, for 1.5 hours in the city. You will be matched with a mentee once you fill out this application here, it literally takes 1 minute.
We want to build something long-lasting. Help us, and help you, to build a supportive crypto community here. We look forward to seeing you at the meetup.