Cryptocurrency exchange Huobi seeks to become decentralized

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Huobi wants to become a so-called decentralized autonomous organization, where traditional management structure is replaced with code and community based decision making

In driverless public transport race, Singapore builds mini city for testing

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There are now more than 10 companies testing vehicles at the facility at Nanyang Technological University in the west of Singapore

Coinbase plans Japan expansion, in talks with MUFG as potential banking partner

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Coinbase, which would need a license to expand into Japan, is in active discussions with the Financial Services Agency.

Japan’s Deepcore launches $55m AI fund, makes debut investment in VAAK

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The fund will be open for additional LPs until December this year when its final closing is expected to be completed.

Singapore entrepreneur Eric Cheng buys Japan’s FX, crypto currency exchange for $50m

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Cheng, the CEO of Upper Joyful Ltd, will own controlling stake in the two firms – FX Trade and its affiliate BitTrade Co Ltd.

New ride-hailing players emerge in Southeast Asia to take on Grab, Go-Jek

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Regulators in Southeast Asian countries have issued permits to new ride-hailing companies to compete with market leader Grab.

Zcash gets approval to trade on New York’s Gemini crypto exchange

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Once Zcash begins trading on the Gemini exchange, it will be only the third currency to be granted approval to trade on the exchange, with Bitcoin and Ether being the two other approved currencies.

China’s FAW to invest $260m in EV startup Byton’s Series B round

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Byton last year raised $240 million in a round of funding from investors including Chinese retailer Suning and Fullshare Holdings.

Crypto exchange Huobi plans to enter Vietnam’s blockchain market

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The crypto exchange platform is planning to support enterprises in the development of blockchain technology in Vietnam.

Fintech battle pits Singapore’s DBS against Chinese titans

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Chinese online payment firms Tencent Holdings Ltd. and Ant Financial, owned by billionaire Jack Ma, are both targeting DBS’s core markets of Southeast Asia and India for expansion.