Hong Kong’s Largest Digital Bank Launches Retail Crypto Trading Service
Hong Kong‘s largest virtual bank, ZA Bank, has launched a new service allowing retail customers to buy and sell Bitcoin and Ethereum directly with fiat currency. The move is part…
South Korea Prosecutors Demand Five-Year Jail Term for Samsung Electronics Chairman
South Korean prosecutors have requested a five-year prison sentence for Samsung Electronics Chairman Jay Y. Lee. The case, tried at an appeals court, revisits allegations surrounding a controversial merger of…
Indian Authorities Dismiss Apple’s Effort to Stop Antitrust Probe
India’s Competition Commission (CCI) has dismissed Apple’s appeal to pause an investigation report that accuses the tech giant of violating competition laws. This decision allows the ongoing antitrust proceedings to…
Reserve Bank of India Expands Cross-Border Payments Platform
The Reserve Bank of India (RBI) is expanding its cross-border payments platform to enable instant settlements, with plans to add new trading partners in Asia and the Middle East. India…
Australia Begins Consultation on OECD Crypto Reporting Framework
Australia’s Treasury Department has launched a consultation paper on implementing the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF). The initiative is aimed at improving tax transparency…
Huawei Targets 100,000 Apps on HarmonyOS Within a Year
Huawei, a leading tech company in China, announced its ambitious plan to host 100,000 applications on its HarmonyOS within the next year. The announcement underscores Huawei’s efforts to build self-reliance…
China’s Wealthiest Man Demands Apology from ByteDance Founder
Zhong Shanshan, the founder of Nongfu Spring Co. and China’s richest individual, has openly criticized two of the country’s tech giants, PDD Holdings Inc. and ByteDance Ltd., blaming them for…
Baidu’s Revenue Slumps as AI Strategy Faces Hurdles
Baidu Inc., a Chinese pioneer in artificial intelligence, reported a 3% decline in revenue for the third quarter, marking its steepest drop in over two years. The company attributed the…
BitGo Launches MAS-Regulated Crypto Subsidiary in Singapore
California-based cryptocurrency exchange BitGo has launched a subsidiary in Singapore, following the receipt of a major payment institution license from the Monetary Authority of Singapore (MAS) three months earlier. On…
South Korea Confirms North Korea Behind $50 Million Upbit Cryptocurrency Hack
South Korean authorities have officially confirmed that North Korean hacker groups were responsible for the $50 million cryptocurrency theft from Upbit, a South Korean-based cryptocurrency exchange, in 2019. On November…
Alibaba Takes on Rivals with E-Commerce Reshuffle
Alibaba Group is consolidating its domestic and international e-commerce operations into a unified business unit to counter increasing competition, according to a Thursday stock exchange filing. The move marks the…
Indian Quick-Commerce Giant Zepto Raises $350M
Zepto has secured $350 million in its third funding round in six months, cementing its position as a leading player in India’s burgeoning quick-commerce sector. The Mumbai-based startup, which plans…
Japan Set to Implement Stimulus Package with Emphasis on Tax Reform, Including Cryptocurrency
Japan is poised to implement a new economic stimulus package by the end of 2024, as promised by Prime Minister Shigeru Ishiba, who has committed to engaging in bipartisan discussions…
Indonesia Considers Apple’s Offer to Lift iPhone 16 Restrictions
Indonesia will review a US$100 million investment proposal from Apple Inc. as the tech giant aims to reverse the government’s ban on iPhone 16 sales. The Ministry of Industry announced…
Toyota Develops Self-Pressurizer to Boost Cold Hydrogen Vehicle Efficiency
Toyota has unveiled a novel innovation for liquid hydrogen vehicles aimed at enhancing efficiency and minimizing fuel loss. The new system, showcased during the Super Taikyu Series 2024 race, incorporates…
Japan’s Kioxia to List with $5 Billion Market Value
Bain-backed Kioxia, a major player in the global chip market, is set to receive listing approval from the Tokyo Stock Exchange on Friday, two unnamed sources revealed. With an indicative…
South Korea’s Democratic Party Advocates for 20% Crypto Tax Starting in 2025
The Democratic Party of Korea (KDP) is making strides toward implementing a tax on cryptocurrency gains by the start of 2025, proposing a significant increase in the threshold for taxable…
Indian News Agency ANI Takes OpenAI to Court Over AI Training Dispute
Indian news agency ANI has initiated legal action against OpenAI, alleging that the company used ANI’s proprietary content without authorization to train its AI chatbot, ChatGPT. The lawsuit, filed in…
Hong Kong Cyberport’s Web3 Ecosystem Expands to 270 Blockchain Companies
Hong Kong‘s Cyberport, a state-supported business hub, has rapidly expanded its roster of blockchain-related enterprises to over 270, following the addition of more than 120 firms in just 16 months.…
Kadokawa Gains 19% After Sony Interest Surfaces
Kadokawa Corporation’s stock surged 19% during early trading in Tokyo on Wednesday, following a Reuters report that Sony is in discussions to acquire the Japanese publishing, anime, and gaming giant.…