Today’s Crypto News on Asia — June 5th
$20bn Coinbase assets in imToken; Coinbase venturing into Japan; Bitmain half Z9 mini prices in China; OKEx offering index
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Binance AMA on Reddit: June 6, 5–8pm EST
EOS Jun 9: EOSHackathon in Hong Kong
Ontology Jul 15–19: Microsoft Inspire, Las Vegas
Ontology Jun 29: Block Co + Conference, Tokyo
Vechain Jul 19: Distributed 2018 Conference in San Francisco
The world’s largest Ethereum wallet is moving its global headquarters to Singapore to expand its global reach. According to a Coinbase spokesperson, ImToken’s application has stored more than $35 bn assets, including more than $20 bn in Coinbase’s customer funds. http://bit.ly/2M2VON0
**Chinese Media** Bitmain slashed the latest ASIC miner, Z9 Mini, to half the price of RMB 5,900 per unit for a limited time. This is a drop of nearly half compared to the price of 11,000 yuan originally. Google translated link — http://bit.ly/2M1sfeY
This announcement seems to only appear on Chinese sites.
Coinbase wants to pounce on another Cryptocurrency paradise: Japan. https://on.wsj.com/2LWT43M
Definitely a bold move, the last time we saw a large American tech company venturing into Asia was Uber. Now I think similarly Coinbase will have to face fierce competition with the locals there.
Coin and Exchange News
OKEx has rolled out a cryptocurrency exchange-traded fund, after Huobi announced a similar plan to do so last Friday. The basket will consist of bitcoin, ethereum, litecoin, bitcoin cash, EOS. Huobi’s index includes the top 10 coins. http://bit.ly/2LYqD5P
Bodhi and Qtum are looking to build together a transaction protocol, decentralized exchange and browser wallet. http://bit.ly/2Jk0pce
I think we should start seeing more companies outside top 10 market cap to start collaborating, and eventually possibly banding together and joining their tokens, as the gap between them and the top 10 companies become wider.
Pundi X has begun rolling out its cryptocurrency point-of-sales (POS) devices in Indonesia, betting that the central bank will discard its current anti-cryptocurrency stance within three years. http://bit.ly/2LZ2pYQ
HSBC and ING Bank successfully completed the first spot transaction of soybeans from Argentina to Malaysia via blockchain technology. http://bit.ly/2LYGe5i
KMP Health Care Seoul that the hospital would provide medical services to customers who pay in cryptocurrency. http://bit.ly/2LYouHj
This concept sounds great in concept but there doesn’t seem to be there are any incentives given to customers to using this payment method.
Macro and Regulation Watch
**Chinese Media** People’s Bank of China published learnings from President Xi’s talk on cybersecurity and informatization. http://bit.ly/2xQkN3s
This website blocks translation by Google. But the bank’s message stressed to its party members is to serve the economy, prevent and control financial risks and deepen financial reform through security and technology.