Asia

An American involved in a $722 million cryptocurrency scam was arrested in Jakarta, Indonesia, Southeast Asia, for sex crimes and child molestation.

Air Asia became the first airline to embrace blockchain technology for freight after it yesterday revealed Freightchain, an air cargo booking system that offers instant cargo bookings to shippers and freight forwarders powered by blockchain technology.

Commercial banks in Bangladesh have embraced the Ripple financial solution in a significantly large number. According to Ripple, the solution now enables affordable connection between top global banking institutions.

For over a week now, Bitcoin has been trading above the $9000 level and this has given a lot of optimism to the cryptocurrency community, however, the global stock markets have experienced a shake due to the Coronavirus (CoV) outbreak in Asia. Considering the current Bitcoin consolidation, it is highly anticipated that the BTC/USD price will soon be back to trade at five figures.

As revealed by the National Agency for Project Management, the first cryptocurrency exchange in Asia will soon appear in Uzbekistan. Any firm planning to participate in cryptocurrency exchange operations, is required to be able to operate in line with all the legal demands of the national legislation of the Republic of Uzbekistan in the world of DLT, blockchain, Bitcoin and cryptocurrency.

The oldest cryptocurrency,Bitcoin, spent most of its time tightfitting on the price marks beyond $10,000 but failed to see any significant movement. However, on Monday early morning this week, there has been a massive trading in Asia which has made Bitcoin (BTC/USD) to trade above the $10,640 level, hence, taking its new resistance level.

The Tattoo Wine platform plans to  manage more than 5,000 Italian wine labels from Europe, Africa, America and Asia. The biggest blockchain-based e-commerce platform is trying to promote the value, source and validity of Italian wine production on Asian markets.

The Republic of India, the seventh-biggest nation by area geographically located in South Asia, has shown much disbelief in the new cryptocurrency owned by Facebook known as Libra aka GlobalCoin. In fact, the coin will not be allowed to operate in the country.

The Asia region is known for its contradictory relationship towards blockchain technology plus cryptocurrency and its decentralized nature. Some countries such as China, Japan, Singapore, Hong Kong, South Korea, etc., embrace it for its innovativeness and disruptive potential, while others try to strictly regulate or even ban it.