Tag Archives: Asia

International Effort Brings Boost for Bitcoin in Vietnam

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“Despite recent negative noises from the authorities, bitcoin in Vietnam is still making gains in both in daily use and public awareness.  A multinational project involving participants from Vietnam, Germany and Israel is setting up Vietnam’s first live and registered bitcoin and litecoin exchange and payment processor, called Bitcoin Vietnam, to accept local currency.  Working as a ‘bitcoin broker’ it is cooperating with an Israeli startup called Bits of Gold. Bitcoin Vietnam will be 100% Vietnamese-owned to avoid extra red tape.  Bitcoin Vietnam will also form a technology partnership with another Israeli counterpart, Bit2C, which has operated a successful live exchange for over a year.”

http://www.coindesk.com/international-effort-boosts-bitcoin-vietnam/

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Taiwan Police Evict Protesters From Cabinet Building

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“Taiwan’s police evicted dozens of protesters from the cabinet building early Monday morning, as tensions continued to spiral between the government and students occupying two major government buildings over a controversial trade pact with China.  Dubbed the ‘Sunflower Movement,’ the students’ seizure of the legislative chamber followed the KMT’s unilateral passage of the pact during a first reading without bipartisan deliberation on March 17.  The protest, once numbering more than 10,000 people, is the biggest student-led protest in Taiwan’s history. It is also the first time that the legislature has been taken over by protesters.”

http://online.wsj.com/news/articles/SB10001424052702303725404579456731907714984

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Silicon Valley can’t keep up with Korea’s financial revolution

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“T-Money, owned and operated by a conglomerate including the Seoul City Government and LG, has quickly become the de facto cash alternative for Koreans all over the country.  Not only can T-Money be used on trains, taxis and buses, it’s accepted in most major shopping chains, online, at vending machines, in bars and restaurants, and even at theme parks and museums.  Its first incarnation as a contactless credit card has evolved into a huge variety of form-factors, including wristbands, keychains, and dongles.  T-Money is part of the financial infrastructure of Korea, directly linked to bank accounts and debit cards everywhere.”

http://thenextweb.com/asia/2014/03/22/silicon-valley-cant-keep-koreas-financial-revolution/

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In Hong Kong, Placing Their Bets on Bitcoin

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“By day, David Shin is an investment banker at a major financial firm. By night and in pretty much every other free minute, he is an entrepreneur looking to break into Hong Kong’s growing Bitcoin scene.  Even as concerns swirl about the long-term viability of the virtual currency, Mr. Shin is raising money, courting clients and hiring staff to build a sort of stock exchange for Bitcoin-oriented companies. Mr. Shin, 38, plans to start his venture, CryptoMex, at the end of April.  He and his business partners built IceDrill, an operation in Montreal where racks of speedy computers race to generate Bitcoin. But he is now selling part of his stake in the Canadian mine and focusing on his start-up in Hong Kong.”

http://dealbook.nytimes.com/2014/03/19/in-hong-kong-betting-big-on-bitcoin/?_r=0

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Hanoi, Vietnam traffic adventures

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“The busy streets of the Old Quarter of Hanoi, Vietnam are endlessly fascinating, buzzing with activity and lots of small motorcycles in perpetual motion. We walk you through these narrow roads with a couple of local friends and share some tips for seeing Hanoi while surviving the traffic.”

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Hanoi, Vietnam Old Quarter Tour

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“Hanoi’s Old Quarter is one of the great destinations in Asia, densely packed with open store-fronts, lots of people, scooters buzzing by, many cheap places to eat, historic buildings and friendly people. The Old Quarter of Hanoi is often known as the 36 streets, but in fact, now there are more than 36 streets, each one providing rewards for the intrepid visitor. The old quarter is different from other places in Hanoi. Preserving the houses in the old quarter is very necessary, and according to the plan, the Hanoi people committee are planning to preserve the old houses in the old quarter, so it can keep the original state. However the planned renovations might change the existing historic character.”

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12 Countries That Will Punish You For Insulting Their Heads Of State

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“Even liberal little Netherlands has laws to protect its rulers’ honor. Intentionally insulting the monarch could earn you up to five years’ imprisonment or a fine, while the same offense against the monarch’s spouse, the heir apparent, the heir apparent’s spouse or the regent carries up to four years behind bars. And these laws don’t just sit gathering dust in the statute books, by the way: in 2007, two people were arrested for separately calling the then Queen Beatrix a ‘w–re,’ while in 2012 another two individuals found themselves with short prison sentences for making statements judged offensive to her dignity.”

http://www.businessinsider.com/these-12-countries-punish-you-for-insulting-heads-of-state-2014-3/

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Singapore: A Case of Libertarian Orientalism?

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“Raffles was the one who started the whole thing and say this was going to be a free trade place and this free trade principle has never been touched in the last 150 years. Therefore Singapore really if you look at all those international indicators, Singapore scores extremely well; very little regulation; a foreigner can create a company; multinational companies can come in, no problem. It’s all very easy. The hair in the soup; big hair this time, we’re talking about government enterprises and investments. Here Singapore only scores 7 in the Frasier Institute report. The score of 7 meant when the government invests between 20 and 25 percent in total investments.”

http://isil.org/singapore-a-case-of-libertarian-orientalism/

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Hong Kong’s first bitcoin shop opens in Sai Ying Pun

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“The 400 sq ft shop in Sai Ying Pun, in Hong Kong Island’s Western district, is the brainchild of Asia Nexgen Bitcoin Exchange.  ‘The biggest issue people have right now is buying the bitcoin. People have to put money in, trade it through an exchange online,’ which takes time, said Lo Ken-bon, the co-founder and chief executive of Asia Nexgen.  ‘Now, you walk into the store, hand over your cash and send the bitcoin to your digital wallet.’  Bitcoin enthusiasts will be asked to provide an identity card and proof of address, to comply with Customs and Excise rules on money laundering.  A trio of start-ups are racing to install the city’s first bitcoin automated teller machine.”

http://www.scmp.com/business/banking-finance/article/1433555/hong-kongs-first-bitcoin-shop-open-week-sai-ying-pun

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Toyota tests wireless charging for electric cars

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“Toyota’s charging system uses magnetic-resonance technology. This method transmits electricity by using magnetic resonance that results from changes in magnetic field intensity between a coil positioned on the ground under the car and a receiving coil built into the underside of the vehicle.  This technology would eliminate the need for physically plugging in an electric car or a hybrid. It also has the potential to act as a universal charging station, reducing the need for multiple charging stations and plug standards. Toyota is also testing a new parking-assist system that would help the driver to position the car in a parking spot for the wireless charging system to charge the car’s battery.”

http://www.marketwatch.com/story/toyota-tests-wireless-charging-for-electric-cars-2014-02-18

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