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News and Events

SEC Proposes Rules that Set Stage for Extensive Regulation of Initial Coin Offerings

While some tokens may be exempt from registration, all offerings must go through assessment by regulators

The Securities and Exchange Commission (SEC) has released a memorandum circular detailing its proposed rules on initial coin offerings (ICOs) of Philippine companies or targeted at Filipinos.In the circular titled “Rules on Initial Coin Offerings,” the SEC defines ICOs as “distributed ledger ...

by Lorenzo Kyle Subido  | August 02, 2018 06:00:00
Startup Tips

Financial Adviser: 5 Business Lessons Every Startup Can Learn from Coins.ph Founder Ron Hose

Coins.ph is the largest blockchain-enabled financial services platform in the country today

Ron Hose is not your typical serial entrepreneur. He does only one thing at a time. When he puts up a startup, he focuses on growing the business as big as he can before he cashes in and moves to another venture.Right ...

by Henry Ong  | July 31, 2018 09:00:00
Startup Tips

7 Reasons Experts Say It's Not Too Late to Invest in Cryptocurrency

Despite industry volatility, insiders say smart investors should embrace crypto

While it hasn't bounced back to its $20,000 value from a year ago, Bitcoin saw a jump of 4 percent to $6,623 based on the news that asset-management BlackRock has set up a working group to look into cryptocurrencies and blockchain, according to CNBC.Several other massive investment institutions have made similar ...

by Entrepreneur US Staff  | July 20, 2018 06:00:00
Run & Grow

Basic Blockchain Lingo You Need to Know

Do the terms 'proof-of-stake,' litecoin' and 'mining' mean anything to you? If not, keep reading

With all the buzz lately around blockchain technology, it can be tough to keep up. Given how fast this industry is growing, new terms are being introduced on a regular basis, and if you have wanted to learn more about crypto, the ...

by AJ Agrawal  | July 11, 2018 02:00:00
News and Events

Buying or Selling Bitcoins? BSP Approves 2 More Virtual Currency Exchanges

The banking regulator has registered a total of five crypto-exchanges since late 2017

The Bangko Sentral ng Pilipinas (BSP) has approved two more companies to operate as virtual currency exchanges (VCEs), or firms that convert Philippine pesos into cryptocurrencies such as Bitcoin and Ethereum, and vice versa.BSP Deputy Governor Chuchi Fonacier has said that the ...

by Lorenzo Kyle Subido  | July 09, 2018 04:00:00
News and Events

How a Filipino Startup Founder Launched One of PH’s First ICOs and Raised $15 Million

Appsolutely CEO Patrick Palacios shares lessons from one of the country’s earliest initial coin offerings

Patrick Palacios, CEO of Appsolutely, speaks at the Beach Blockchain Conference in Cebu, which was attended by over 250 people from all over the world“An ICO is the best gift to an entrepreneur because [even] without any connections, you’re able to expand ...

by Lorenzo Kyle Subido  | May 30, 2018 09:00:00
News and Events

Offshore Cryptocurrency Hub Rising in Remote Corner of Northeastern Luzon

Crypto-friendly policies turning Cagayan Valley into a virtual currency hotspot amid regulatory curbs in China and other countries

The Cagayan Economic Zone Authority (CEZA), which runs a special economic zone and free port in Cagayan Valley province in northern Luzon, has signed agreements with 15 fintech companies to locate offshore virtual currency operations within the zone, the government agency announced ...

by Roel Landingin  | May 21, 2018 07:00:00
News and Events

Fintech Startup Plans to Offer Blockchain-Powered E-Wallets to A Million Seafarers, OFWs

TraXion is also holding an initial coin offering to raise up to $55 million in virtual currency

Financial technology startup TraXion is launching an initial coin offering (ICO) that aims to raise up to $55 million worth of virtual currency through the sale of 250 million TraXion tokens or TXN.These utility tokens will grant TXN holders access to TraXion’s ...

by Lorenzo Kyle Subido  | May 21, 2018 09:00:00
News and Events

Listed Tech Firm Xurpas Announces Singapore Unit’s $100-M Initial Coin Offering

But virtual tokens are not available for sale to citizens and residents of the Philippines, China and the US

Nico Jose "Nix" Nolledo, Xurpas chairman and CEO, says that the company's existing businesses will "benefit significantly" from blockchain technologyXurpas Inc., the country’s largest listed consumer technology company, has announced that one of its international subsidiaries will be selling up to $100 ...

by Lorenzo Kyle Subido  | May 16, 2018 06:00:00
News and Events

Cebu Pacific Firms Up Rewards Partnership with PH Virtual Currency Pioneer

LoyalCoin users can soon convert blockchain-powered tokens to GetGo rewards points and buy airline tickets

Local technology firm Appsolutely has announced that it has partnered up with Cebu Air Inc., the listed company that runs the leading low-cost airline, Cebu Pacific Air, integrating the airline’s rewards program with the startup’s virtual token.In a press conference held last ...

by Lorenzo Kyle Subido  | May 11, 2018 01:00:00
News and Events

How UnionBank is Pioneering the Blockchain Revolution in PH Banking

It is using the technology to update manuals faster and to power a settlement system for rural banks

UnionBank, one of the country’s largest universal banks, is positioning itself as the Philippines’ first blockchain-enabled bankEver since blockchain was introduced to the public in 2009 as the underlying technology behind Bitcoin, many have highlighted its disruptive effects to the financial sector. ...

by Lorenzo Kyle Subido  | May 09, 2018 09:00:00
News and Events

One of World's Richest Cryptocurrency Investors to Speak at the Beach Blockchain Conference in Cebu

The country’s first conference focused solely on blockchain is happening May 10-11 in Cebu

Local technology firm Appsolutely is hosting a two-day event focusing on the current pace of developments in blockchain, as well as a look at its future prospects. Called the Beach Blockchain Conference, it will be held on May 10 and 11 at ...

by Lorenzo Kyle Subido  | May 03, 2018 03:00:00
News and Events

‘Cloud Mining’ Investment Platforms Promise Hefty Returns But SEC Warns Some May be Scams

The securities regulator says these are unregistered investments that expose investors to fraud risks

The Securities and Exchange Commission (SEC) warned the public against investing in cloud mining schemes in an advisory released on Monday, April 10. The commission said any transaction related to cloud mining should be duly registered with the agency, and companies engaging ...

by Pauline Macaraeg  | April 16, 2018 09:00:00
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