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Top Crypto News from Asia from Aug 19- Aug 22nd

What Crypto insiders are reading.

We have some exciting new content coming out in the next few weeks, stay tuned.

Additionally, our podcast with GBIC is coming up this Saturday with Crypto investors Richard Lee, founding partner of GBIC, and Mike Chen, founding partner of GBIC and CEO of Block72. Both Richard and Mike have been seasoned crypto investors, and they look at companies from both Asia as well as the US. In the podcast, we talk about the current market environment, investor sentiment from both sides, and how to identify and invest in Chinese crypto companies.

To hear our conversations recently with Cryptokitties co-founder Benny Giang on his takeaways from his recent Asia trip, check it out here! 🎊 We also have shared our main takeaway notes.

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🌟 Top News in Asia from Monday through Wednesday

China has released its blockchain rankings for August, rating EOS first, similar to last time, and then Ethereum 2nd, Komodo 3rd. http://bit.ly/2PqikRT

Blockchain and cryptocurrency media accounts in China have been banned on WeChat,the messenger app owned by Tencent. This includes Huobi News, Caijing Jinse, Deepchain, and CoinDaily. http://bit.ly/2Bvj9FY

NYTimes- After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors — some anecdotes from Korea. https://nyti.ms/2wfwHzO

DST Global Denies Bitmain IPO Investment Few Days After SoftBank, Tencent’s Involvement Called Into Question. http://bit.ly/2nZmZO5

The first phase of the Bank of Thailand’s wholesale Central Bank Digital Currency (CBDC), which will be used for interbank fund transfers, is expected to be completely developed by the first quarter of next year. http://bit.ly/2Pvxsxu

BitTorrent inventor Bram Cohen has called it quits at the project he started nearly two decades ago following its acquisition by Justin Sun. http://bit.ly/2nZVYdz

💰 Deals

*China Media* Starway Protocol ATP (星图协议) aims to address blockchain companys’ marketing problems and to fix the information asymmetry issue amongst blockchain companies. It recently raised $3mn equity round from Softbank China Venture Capital, Baidu Ventures, Danhua Capital and Fenbushi. Google translation

Japanese financial services giant SBI Holdings had made a second investment in troubled cryptocurrency exchange LastRoots. http://bit.ly/2Pswwtp

💰 Coin and Token News

EOS Foundation has announced the launch of a non-profit governance group, ‘EOS Alliance’ with popular R&B Singer Akon on the board. http://bit.ly/2o1cav6

Justin from TRON asking Venezuela president: “If you really care about your people and want them to put $PETRO to actual use, at least build on some faster technology like TRON.” http://bit.ly/2nZTImB

HitBTC has listed Binance Coin in pairs with Bitcoin, Ethereum and Tether. http://bit.ly/2nZFmT2

💸 Exchange News

Huobi Pool will issue about 10 billion Huobi Pool Tokens (HPTs), the first sub-token in the Huobi Token ecosystem. https://prn.to/2o1rSGu

🎌 Regulation News

China’s biggest-ever bitcoin heist: three held over theft of US$87 million in cryptocurrency. http://bit.ly/2wgYrns

Thai Central Bank Defends Cryptocurrencies over high-profile Thai crypto fraud caseinvolving an actor. http://bit.ly/2Btc0G8

ICOs, Blockchain High on Agenda of Korea’s National Assembly Extraordinary Session. http://bit.ly/2nVEIGj

💼 Business News

Shanghai Stock Exchange has partnered with the Insurance Management Association of China to launch a joint initiative aimed at improving the country’s insurance and pension industries through blockchain. http://bit.ly/2wfGLsp

Zheshang Bank, one of the largest privately held commercial banks in China, has completed an issuance of securities worth $66 million using its proprietary blockchain platform. http://bit.ly/2nYyO75

Mass Vehicle Leger, a Korean company that provides ride-hailing service TADA in Singapore, has gathered 50,000 users and 12,000 drivers one year after the service launch in July 2017. http://bit.ly/2PsVyJe

Techstars accelerator in India will invest $120,000 each in 10 startups working in fields like Artificial Intelligence (AI), Blockchain, AR/VR, Robotics, Internet of Things (IoT) and Big Data Analytics. http://bit.ly/2nVCZ3N

🌹🌹🌹

What did you guys think of our Global Coin podcast thus far? What do you want to read or learn more about on Asia?

 

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