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Top Crypto News from Asia from Aug 26th to Aug 29th

Bitmain’s IPO challenges; Terra funded by top 4 exchanges; FCoin stop servicing mainland; Baidu and Guangzhou follows suit with China ban edit

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Many readers may not know that Global Coin Research is actually headquartered in New York City, despite our focus on Asia. We have a strong and amazing community in New York and we always look for ways to give back.

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The program meetup will take place once a month, on a weekend, for 1.5 hours in the city. You will be matched with a mentee once you fill out this application here, it literally takes 1 minute.

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🌟 Top News in Asia from Monday to Wednesday

Bitmain: IPO and Technical Challenges, an in-depth analysis of the business. http://bit.ly/2PcJn27
Also, China’s financial publisher, Caijing, destroys Bitmain IPO in its latest report. http://bit.ly/2PhvEqR

Alipay and its parent company Ant Financial to partner with local Chinese authorities to use blockchain for ensuring the authenticity of rice. http://bit.ly/2Nx5PT1

A self-regulatory organization founded by the People’s Bank of China has added a “token sales” category to its platform that allows the public to report on potentially illegal financial activities. http://bit.ly/2MCe2cq

Baidu, the operator of China’s dominant internet search engine, has shut down some of its popular cryptocurrency-related chat rooms. http://bit.ly/2N04l6I

China’s Guangzhou city is following the lead of Beijing’s financial district in banning activities that promote cryptocurrencies. http://bit.ly/2NsZQ1C

A report by South Korea’s state-run Korea Development Bank (KDB) suggests that North Korea has been mining cryptocurrencies. Also, a technology firm in the country is developing an exchange platform for bitcoin. http://bit.ly/2MEctdM

*China media* Starting 8/28, FCoin will not provide services to users in mainland China. Google translated

A nationwide ‘Blockchain Reform’ kicks off in China despite the cryptocurrency ban. http://bit.ly/2PeCiOw

💰 Deals

Four of the world’s largest crypto exchanges — Binance Labs, OKEx, Huobi Capital, and Dunamu — the firm behind Korea’s Upbit — have all poured $32mn capital into Terra, a stable-coin. https://tcrn.ch/2Pdt8BY

South Korean accelerator and fund network SparkLabs Group has made the first close of its second venture capital fund at $6.18 million. http://bit.ly/2MEay94

💰 Coin and Token News

Digital CarPass, a project that Volkswagen and IOTA (MIOTA) are working on, is near completion and will soon be unveiled for the public use. http://bit.ly/2NrIlyO

EOS developers mitigated a RAM exploit issue. http://bit.ly/2NnoUqO

Tron has begun trading on KuCoin, a Singapore based cryptocurrency exchange, against Bitcoin and Ethereum. http://bit.ly/2MZ5WtD

💸 Exchange News

OKEx will no longer be allowing withdrawals by unverified users. http://bit.ly/2NrAuRL

Randi Zuckerberg, the elder sister of Facebook founder Mark Zuckerberg, has joined the advisory board of cryptocurrency exchange Huobi to develop Huobi’s new public blockchain.
http://bit.ly/2MX72pD

Bithumb, South Korea’s second-biggest crypto exchange by daily trading volume behind UPbit, will officially resume registrations for new investors as early as this week. http://bit.ly/2Nsakys

🎌 Regulation News

Singapore and Chongqing, China, forms a new fund on communicationand media, covering technologies such as artificial intelligence, Internet-of-Things, virtual and augmented reality, robotics, and blockchain technology. http://bit.ly/2LvbM1a

Monetary Authority of Singapore and Dubai Financial Services Authority strengthen ties in FinTech- including payments, cryptocurrency and blockchain. http://bit.ly/2Phwh3x

Despite an infamous crackdown on digital assets, the Reserve Bank of India has created a task force to explore avenues and unique use-cases pertaining to blockchain technology, artificial intelligence and cryptocurrencies. http://bit.ly/2MzT4ej

💼 Business News

Content Box, the reverse ICO of the global audio content platform Castbox, will be listed on the Korean cryptocurrency exchange CpDAX. To learn more about the reverse-ICO phenomenonin Korea, check out the podcast we had with GBIC. http://bit.ly/2MxPL7f

Bitmain, Canaan Inc and Ebang, three of the world’s largest bitcoin mining equipment makers plan to raise billions of dollars with initial public offerings in Hong Kong. http://bit.ly/2MCtFAE

India mobile phone operators are currently reviewing blockchain technology-based solutions to curb unsolicited commercial communication. http://bit.ly/2LwSLv7

Samsung has unveiled its blockchain based platform, BankSign, to allow people to make transactions at different Korea banks more easily. http://bit.ly/2MEktvq

Cambodian rice farmers turn to blockchain to gain pricing power. Blocrice is intended to promote contract farming between farmers’ cooperatives and exporters, rice cracker makers and other buyers. https://s.nikkei.com/2LzPTOf

🌹🌹🌹

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

Check our past 7 weekly pieces on Southeast Asia Cryptocurrency Developments, A Guide to Asia Crypto funds/investors, Takeaways on Asia Crypto from Techcrunch Zug, Cryptokitties, Binance, Bitmain, and China’s Crypto winners

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