Weekly Crypto Highlights in Asia | May 28th — June 1st
Coin and Exchanges
– Huobi, a major cryptocurrency exchange originally from China, is setting up shop in Brazil.
– Binance’s new US $1bn fund will be denominated in Binance tokens. Investments include funds as well, which could potentially increase institutional transactions on Binance significantly.
– On the way to EOS and TRON’s mainnet launches this week, EOS had vulnerabilities discovered by a Chinese security company and some Chinese media tried to undermine TRON’s CEO Justin Zhen. TRON has fallen 20% in the last 7 days. EOS still raised $4bn from year-long sale.
To continue to follow EOS’s launch this weekend, check out streams on Steemit and YouTube
Macro and Regulation Watch
We saw a number of regulatory and business developments from Korea and Japan this week, which signaled increasing maturity of those ecosystems. Chinese officials continue to push for blockchain development.
?? Indian said no thanks to using the Petro, launched by Venezuela, to buy the nation’s crude oil.
Picture of the Week
Chinese cryptocurrency media companies are boycotting the Boao Blockchain Conference after the organizer used a Chairman Mao impersonator to promote the event.