Tag Archives: Asia

AirAsia Planning Cryptocurrency-Based Rewards Program

Malaysian low-cost airline AirAsia is launching a cryptocurrency-based rewards program. AirAsia chief executive Tony Fernandes told Nikkei Asian Review that its frequent-flyer rewards program is being converted into a cryptocurrency platform called BigCoin. The move is part of a broader effort to improve the airline’s digital services and move the company toward a cashless system. Continue reading AirAsia Planning Cryptocurrency-Based Rewards Program

Yahoo Japan is Launching a Cryptocurrency Exchange

Yahoo Japan is preparing to launch a cryptocurrency exchange, regional media sources say. Nikkei Asian Review reported on Friday that the tech firm — originally a joint venture between Altaba (formerly Yahoo!) and Softbank — will begin an acquisition of BitARG Exchange Tokyo in April and will spend the next year using BitARG’s technology to build a full-fledged exchange that will launch in 2019. Continue reading Yahoo Japan is Launching a Cryptocurrency Exchange

Goldman-Backed Crypto Startup Circle, expand into Asia

Fintech startup Circle said that it will hire 100 employees to expand into Asia and improve operations at Poloniex, its recently-acquired cryptocurrency exchange. The Dublin-registered firm, which has received funding from both Goldman Sachs and Chinese tech conglomerate Baidu, will use many of these new hires to improve customer support and operations at Poloniex, which Circle reportedly acquired for $400 million in one of the largest deals in the industry’s history. Continue reading Goldman-Backed Crypto Startup Circle, expand into Asia

NEM Price Jumps 16% as Other Top Coins Tumble

It was a disappointing day for cryptocurrency investors, as 97 of the top 100 coins posted single-day declines. However, the NEM price (XEM) not only resisted this bearish trend — it actually managed to achieve a double-digit percentage increase against the US dollar. Continue reading NEM Price Jumps 16% as Other Top Coins Tumble