By Mars Woo
The Philippine Securities and Exchange Commission said it is drafting the guidelines for initial coin offerings in the country instead of totally banning the fund-raising activity.
Alibaba Cloud plans to make live traffic predictions and recommendations by crunching data gathered from video footage, traffic bureaus, public transportation systems and mapping apps.
Cirtek paid $1.96 million to acquire 441,000 shares or equivalent to 49% of the total issued and outstanding capital stock of Multipay.
Nexar has developed an app that analyzes the situation on the roads in order to warn drivers of hazards in real time.
Phishing was the most widely used hacking technique for ICOs, with hackers stealing up to $1.5 million in ICO proceeds per month.
The agreement may smooth the U.S. company’s business in China while helping Tencent’s push to expand beyond its dominant position on the mainland.
Singapore is carrying out extensive research into the distributed ledger technology that underlies bitcoin.
Last month, Bank Indonesia issued a regulation banning the use of cryptocurrencies by fintech companies involved in payment systems and said it is examining whether there’s a need to regulate trading on virtual currency exchanges.
With Mukesh Ambani’s elder son Akash Ambani leading the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology.
OurCrowd’s model tries to widen the population of startup investors by allowing accredited financiers to put down as little as $50,000 in its funds — a lot less than what would typically be required to become a partner in an investment vehicle.