Luno raises $9M to bring its bitcoin wallet, exchange and services to Europe

 Luno, a bitcoin wallet and exchange based out of Singapore, is riding the crypto wave into Europe after it closed a $9 million Series B round for market expansion. The funding was led by new investor Balderton Capital, with participation from existing backer Digital Currency Group. South Africa’s AlphaCode — also a new arrival on the cap table — joined the deal which… Read More

SoftBank Group will buy a 5% stake in ZhongAn, China’s first online-only insurance agency

 SoftBank Group has agreed to be a cornerstone investor in the initial public offering of ZhongAn, China’s first online-only insurance agency, on the Hong Kong Stock Exchange today. SoftBank Group will buy a 5 percent stake in the company, or about 72 million shares, at the offer price, which is in the range of HKD $53.70 to HKD $59.70 per share. If calculated based on the… Read More

China’s three largest bitcoin exchanges will all stop offering local trading

 Well, that didn’t take long. Yesterday, China’s longest running bitcoin exchange, BTC China, announced it will suspend its local trading service at the end of this month, and today the country’s two other major exchanges — Huobi and OKCoin — followed suit to say they will cease at the end of October. The writing was on the wall when The Wall Street Journal… Read More

Tencent tried to buy Spotify earlier this year

 Spotify has long been linked with going public in the U.S. — it is speculated to be preparing for an IPO-less listing next year — but it has emerged that the company rebuffed the opportunity to sell to a major tech name earlier this year: Tencent, the Chinese internet giant valued at $380 billion. Tencent is said to have approached Spotify with a view to acquiring the company to… Read More

North Korea’s hackers are reportedly targeting bitcoin exchanges

 North Korea’s hackers have been linked with many attacks, including the 2014 Sony hack, but it looks like the totalitarian state is now targeting bitcoin, and crypto coin exchanges in particular, with its hacking teams.
That’s according to a new report from cybersecurity firm FireEye, which claims to have tracked at least five attacks on bitcoin exchanges, or individual bitcoin… Read More

Xiaomi takes aim at Apple with a Macbook Pro rival priced from $858

 Xiaomi is shooting a number of arrows at Apple today. Smartphones aside, it just launched an affordable take on the Macbook Air that ships with Windows. The first Xiaomi laptop was a shot at the Macbook Air when it was unveiled in the summer of 2016, and the company is back with its take on Apple’s more expensive computer. The Mi Notebook Pro — because all comparisons start with… Read More

Xiaomi unveils second bezel-less Mi Mix smartphone and new Mi Note phablet

 It’s the day before iPhone launch and Xiaomi is back at it again with the unveiling of the follow-up to last year’s highly-acclaimed and near-bezel-less Mi Mix smartphone. The Mi Mix 2 keeps the previous design aesthetic — developed by a team led by designer Philippe Starck — but with a slightly smaller six-inch display and improved 18:9 screen resolution. The bezel… Read More

Bitcoin price drops following report that China is going to shut down local exchanges

 Another day, another crash and another Chinese ban. This time, a single report from financial news site Caixin is saying that the Chinese government is considering banning cryptocurrency exchanges in China. In particular, the report is saying that Chinese citizens won’t be able to use exchanges to buy bitcoins, ethers and more using Chinese yuan, and vice versa. Cryptocurrencies… Read More

China’s UrWork invests in Indonesia’s ReWork via $3M deal as WeWork rivalry heats up

 UrWork, the unicorn that is competing with WeWork in China, is following its American rival’s lead by extending its reach in Southeast Asia after it took part in a $3 million funding round for Indonesia-based ReWork. The round, which is described as pre-Series A, was led by China-U.S. firm ATM Capital and Indonesia’s Convergence Ventures. UrWork was a participant alongside U.S.… Read More