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The Undeniable Legacy of Anti-Asian Violence


It takes at least 30 minutes to drive from Young’s Asian Massage Parlor in Acworth, Georgia, to the nondescript block in the northern Atlanta suburb of Buckhead where one can find another cluster of Asian massage parlors, including Gold Spa and Aromatherapy Spa. On Tuesday, according to local...

Meitu CEO Hints More Asian Firms May Buy Bitcoin, Ethereum, As Shares Rally


Shares in the Hong Kong-based app maker Meitu surged as markets opened in Asia by over 14%, before correcting slightly, after news that the company had made a USD 40m investment in bitcoin (BTC) and ethereuem (ETH) – a first known investment for major companies in the region. Per market data,...

Davos Watch: 'The Old World of Currency Now Has To Catch Up'


Source: Adobe/Юрий Дьяконов Experts say that the coronavirus pandemic has accelerated the pace of the shift from cash to digital payments, triggering an estimated 8% rise in non-cash payments in the euro area alone last year. But at the same time, a glut of central bank digital currency (CBDC)...

Indian Police Bust International Bitcoin Extortion Rackets, 96 Arrested


Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin from foreigners. They set up illegal call centers, posed as police officers, and told the victims that their bank accounts had been used in illegal transactions. They also threatened to immediately arrest...

Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package


Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover...

Asian Banks Prepare Crypto Takeoff as Thailand’s SCB Revs DeFi Engines


Siam Commercial Bank (SCB), one of Thailand’s biggest commercial banks, is set to invest in a local DeFi player through a subsidiary – in a week when banks all over Asia have shaped up to make major moves in the crypto scene. Per an official announcement from the Thai “ecosystem of cross-chain DeFi...

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