Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Crypto exchanges Coinhako, Luno expand services amid crypto downturn

SINGAPORE – Two crypto exchanges – Coinhako and Luno – are expanding their services amid the current cyrpto downturn. Coinhako, a home-grown licensed crypto exchange for retail investors in Singapore, launched a new service for the institutional market, allowing sophisticated high-net-worth individuals and family offices to access the crypto market via its exchange.

Japan warns against speculative yen moves; markets wary of further intervention

TOKYO – Japanese Finance Minister Shunichi Suzuki said the authorities stood ready to respond to speculative currency moves, a fresh warning that comes days after Tokyo intervened in the foreign exchange market to stem yen falls for the first time in over two decades. He also told a news conference on Monday that the government and […]

ONBUFF Announces the Launch of Ragnarok NFT Sale & Limited-Edition NFT Auction

Seoul, Korea, September 14, 2022 – (SEAPRWire) – ONBUFF has announced the launch of the sale of their Ragnarok non-fungible token (NFT) and an auction for limited-edition NFTs. ONBUFF will open a new NFT marketplace at INNO Platform, a blockchain content platform for P2E game users and NFT enthusiasts, on [14th, September]. Pre-registration for the NFT sale on INNO Platform […]

Firms behind fall-detection tech, AI-facilitated education among start-ups entering Vietnam

SINGAPORE – Former A*Star engineer Tan Yeow Kee set out to develop fall-detection technology when his mother-in-law fell from her bed in 2019 while hospitalised for an operation. Her fall, which was discovered only after 30 minutes, caused a back injury requiring rehabilitation that stretched her hospital stay from one week to several months. Mr […]

Brokers maintain ‘buy’ call on ComfortDelGro despite STI exit

SINGAPORE – Analysts on Friday reiterated their “buy” calls on ComfortDelGro, citing rising ridership of public transport and decent dividend payouts. This is despite the stock being dropped as a component of Singapore’s Straits Times Index (STI) for falling below the top 30 listed companies by market capitalisation and liquidity on the bourse. ComfortDelGro was replaced by […]

ComfortDelGro dropped from STI, replaced by liquor giant Emperador

SINGAPORE – Transport company ComfortDelGro has been dropped from Singapore’s Straits Times Index (STI) and replaced by recently listed Emperador in the September review of the benchmark index. The change to the STI, which tracks the performance of the 30 largest and most liquid companies listed on the Singapore Exchange (SGX), will take effect on […]

MAS regulation should not be seen as safety net for retail crypto investors

SINGAPORE – The recent crypto market turmoil which claimed US$2 trillion (S$2.8 trillion) in market value and drove investors into panic-selling mode has since forced some crypto firms to halt withdrawals and seek protection from the Singapore courts. Retail investors are now crying foul against these firms for suspending their crypto assets, with some calling […]