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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
News and Events

After Building Xurpas, Can Nix Nolledo Deliver Free Internet Through Blockchain-Powered Platform?

Filipino tech pioneer raises $60 million in commitments from global crypto investors and VCs

Nix Nolledo stepped down from his role as CEO of Xurpas, the consumer tech company he co-founded, to focus on ODX, which aims to provide free internet through a blockchain-enabled marketplaceODX Pte. Ltd., a Singapore-based subsidiary of Philippine consumer technology firm Xurpas, has ...

by Lorenzo Kyle Subido  | August 01, 2018 10:00:00
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

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

PH Receivables-Trading Platform to Launch Initial Coin Offering to Raise Up to $35-M

Founded in the Philippines in 2016, Acudeen plans to be in three more SEA markets by mid-2018

Fintech startup Acudeen is planning to launch an initial coin offering (ICO) to raise up to $35 million in virtual tokens to be used in its new blockchain-based platform for trading receivables and other movable assets of small and medium enterprises (SMEs).Originally ...

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

Hong Kong Securities Regulator Halts ICO of Joseph Calata’s Agritech Startup

HK's Securities and Futures Commission has ordered Black Cell to return purchased tokens to previous investors

Black Cell Technology Ltd., a Hong Kong-based agricultural technology startup founded by Filipino businessman Joseph Calata, has received an order from Hong Kong’s Securities and Futures Commission (SFC) to discontinue its initial coin offering (ICO) and return the proceeds to Hong Kong-based ...

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

SEC on Initial Coin Offerings: If It Acts Like a Security, It Must be a Security and Must be Registered

A regulator explains how the commission is trying to balance technological innovation and investor protection

Xurpas founder and chair Nix Nolledo speaks at the cryptocurrency forum held recently in Makati CityIf somebody borrowed a million pesos for five years from a bank, the lender will probably need to assign a loan officer to process the loan and ...

by Roel Landingin  | March 22, 2018 10:00:00
News and Events

Meet the Fintech Startups Ushering in Cryptocurrency and Blockchain Technology in PH

These are the pioneering entrepreneurs leading the country into the new world of virtual currencies

“It is 1995 and Web 1.0 all over again.”This was the description of Nico Jose “Nix” Nolledo, the chairman and CEO of listed consumer tech company Xurpas, when talking about the current state of cryptocurrencies and blockchain. The new technology has quickly ...

by Lorenzo Kyle Subido  | March 21, 2018 10:00:00
News and Events

Startup that Pioneered Blockchains in PH Real Estate Raising $9.9-M Via ICO

Founded by a Filipino entrepreneur, Qwikwire will launch its initial coin offering on March 26

Qwikwire, a financial technology startup that handles cross-border real estate transactions, launched the pre-sale of its initial coin offering (ICO) for its new business unit last Monday, March 12.Founded in 2013 by Filipino entrepreneur Ray Refundo and basing it in Delaware, US, ...

by Lorenzo Kyle Subido  | March 13, 2018 09:00:00
News and Events

Why is the SEC Blocking Joseph Calata From Selling Tokens for his HK-Based Cryptocurrency Startup to PH Investors?

Corporate regulator says it’s not banning initial coins offering despite earlier warnings

The Securities and Exchange Commission (SEC) has issued a cease and desist order (CDO) against four companies owned by businessman Joseph Calata, the chairman of formerly listed firm Calata Corp. The order aims to block them from selling cryptocurrencies or tokens in ...

by Lorenzo Kyle Subido  | January 29, 2018 04:00:00
News and Events

PH Blockchain Startup Appsolutely Launches Initial Coin Offering to Sell Over $34-M Worth of Digital Tokens

Appsolutely's token launch is second ICO by a PH firm--a sign of the growing importance of virtual currencies

PH tech firm Appsolutely launched its Token Generation Event (TGE) for its new virtual currency on Monday, December 11. The TGE will allow merchants and investors to purchase LoyalCoin, a digital token that aims to revolutionize loyalty programs and rewards points using ...

by Lorenzo Kyle Subido  | December 11, 2017 05:00:00
Business Ideas

Financial Adviser: 5 Ways to Use Cryptocurrency to Grow Your Business From the Founder of Salarium

Judah Hirsch explains the rising trend of cryptocurrencies and how business owners can use it to their advantage

Judd Hirsch moved from Israel and is the founder of payroll services provider SalariumJudah Hirsch was only 21 years old when he left Israel to come to the Philippines to work as a manager in a call center company. Two years later, ...

by Henry Ong  | December 05, 2017 03:00:00