Japan’s cabinet has given the green light to a bill that permits investment funds and venture capital firms in the country to hold cryptocurrency assets, according to an announcement from the Ministry of Economy, Trade and Industry on Friday. The decision comes as Japan aims to ease restrictions on venture capital crypto investments, enabling these […]

Oobit, a Singapore-based mobile payment app focused on cryptocurrency, has completed its Series A funding round, securing $25 million in investment. The funding round was led by the investment arm of Tether, a cryptocurrency software company, along with contributions from CMCC Global’s Titan Fund, 468 Capital, and Anatoly Yakovenko, co-founder of Solana. The exact valuation […]

Singapore-based investment firm Foresight Ventures has successfully acquired an 80% majority stake in crypto media company The Block for $60 million. The acquisition by Foresight Ventures comes nearly a year after FTX and Alameda Research faced a downturn.  The Block’s former CEO, Mike McCaffrey, previously borrowed several million dollars from Alameda Research, adding to the […]

Singapore’s Triple-A, a crypto payment gateway, has successfully concluded a Series A funding round of $10 million. Leading this funding round were Peak XV Partners and Shorooq Partners, both of whom had previously invested in Triple-A. This fresh capital injection will empower Triple-A in its mission to enhance and expand its product offerings. Triple-A’s Series […]

Japan has relaxed regulations to permit startups to raise investment funds through cryptocurrencies. With this, the Japanese government now allows startups the flexibility to secure capital using crypto assets in addition to conventional stocks.  This recent regulatory shift marks a significant turning point in Japan’s cryptocurrency stance, which had previously imposed stringent limitations on the […]

HashKey Exchange has become the inaugural recipient of a license under Hong Kong’s new cryptocurrency regulatory framework. The approval allows the platform to legally facilitate the retail trading of tokens, as authorities aim to cultivate Hong Kong as a global hub for the crypto industry. Upgrading its existing licenses, HashKey now has the green light […]

Crypto.com and LINE Xenesis, the blockchain arm of messaging app Line, have joined forces to strengthen their presence in the Asia Pacific region and the global crypto industry. In a recent announcement, Crypto.com revealed a Memorandum of Understanding (MoU) with LINE Xenesis Corporation. The collaboration is expected to leverage Crypto.com’s tailored business solutions, enabling it […]