Surprise! OKEx Filipino Community Meetup Dec. 2019
Food and Trading – I recorded everything that happened during the OKEx meetup last December 21, 2019.
Bitclub Founders Arrested for $722 Million Crypto Scam
The founders described the scheme as “building this whole model on the backs of idiots” and allegedly referred to their investors as “dumb” and “sheep.”
Paypal Keeps A Close Eye on Blockchain Despite Pulling Out from Libra
According to Devata, the platform provides a gateway for Filipino entrepreneurs and freelancers to participate in the global market through its cross border payment platform.
The MATIC Dump
Fortunately, the altcoin is slowly recovering back to the $0.02 level, although it is uncertain if and when it’ll ever get back to its previous highs.
I-Remit Secures EMI License
I-Remit Inc., a Filipino-owned money transfer service provider, has been authorized by the BSP (Bangko Sentral ng Pilipinas) to operate as an electronic money issuer.
UnionBank, WWF PH to Use Blockchain to Track Fish
The World Wide Fund for Nature (WWF) Philippines, Unionbank of the Philippines, and TX partnered up to build and promote Tracey, an application that uses blockchain technology for documentation and verification of fish harvests and traceability data.
BSP Issues Preventive Measures Against Illegal Investment Activities
The BSP now issues Memorandum No. M-2019-028 – Preventive Measures Relevant to Illegal Investment Activities or Schemes – instructing banks, non-bank financial institutions, and BSP-supervised businesses to adopt a risk management system to “identify, detect, prevent, and mitigate risks” that will arise from these illegal activities.
Upbit Exchange Gets Hacked | Reminder to Protect Your Crypto
Upbit, a subsidiary of Kakao (a South Korean internet company), announced last November 27 that 342,000 ETH was stolen from its hot wallet. The amount is worth approximately 50 million USD or 58 billion KRW (Won).
BCB Blockchain Partners With DOST, PH Universities, Announces Php 15M Fund
Dr. Enrico C. Paringit, Executive Director of the PCIEERD-DOST said the department is enthused to have this collaboration, as well as BCB’s eagerness to share their expertise in blockchain technology, venture building, and local startup acceleration.
Personal Remittances Reaches $24.6 Billion for First 9 Months of 2019
For the first 9 months, the recorded inflow is $22.2 billion for cash remittances versus US$21.3 billion within the same period last year.