Top Crypto News in Asia from Oct 3rd -6th

Top Crypto News in Asia from Oct 3rd -6th

Top News in Asia from Wednesday to Friday

According to revelations by insiders that are close to Bitmain (in Chinese), Jihan’s goal is to lead the firm to realize the curve overtake and become the next NVIDIA.

Korean crypto exchange Bithumb is launching a decentralized exchange in the months to come.

Seoul to promote blockchain through a 100bn won fund, as well as a large blockchain complex that will house over 200 companies.

Deals and Funds

A Youtube interview with Huobi Capital head, the investment arm of Huobi Group, focusing exclusively on blockchain and crypto assets investment.

SKALE Labs, Inc. a blockchain company focusing on scalability infrastructure announced that it has raised $9.65 million in funding, led by Multicoin Capital, Aspect Ventures, Blockchange Ventures, Boost.VC, Canaan Venture Partners, Galaxy Digital, FLOODGATE Fund, Hack.VC, Neo Global Capital.

Coin and Token News

A consortium of 61 Japanese banks, responsible for over 80% of Japan’s banking assets, has begun using a consumer-centric retail payments app using Ripple blockchain technology.

Thai Siam Commercial Bank will be the first to use RippleNet’s “multi-hop” feature.

Tron’s uTorrent Web has broken the record of 1 million daily active users.

Another EOS decentralized app has severely botched an airdrop, this time, fledging gambling platform se7ens is in the spotlight, after a community member managed to credit himself with a billion tokens by exploiting its poorly made smart contract.

Tron has 20%more number of total accounts than EOS, says Justin Sun. He alsomentions that total number of accounts of Tron is 13 times higher than that of Ethereum.

Neo’s Neon Exchange [NEX] announces exclusive partnership withnOS.

Exchange News

New research alleges BitBNS — a trading platform in India — has faked a fair amount of volume, and continues to do so on a regular basis.

China-Based crypto exchange Coinex pays interest in BCH.

Mt. Gox Users, Mizuho Bank seek delay in lawsuit to await compensation outcome, as the financial institution is being sued for creating transaction difficulties for users around the time of Mt Gox’s collapse.

Regulation News

The chairman of Korea’s National Policy Committee has called for the legalization of initial coin offerings, provided that a regulatory framework is put in place.

Business News

Alibaba’s Taobao bans cryptocurrency and ICO services on its platform.

Chinese energy company Risen Energy has partnered with a Spanish cryptocurrency mining farm to develop capacity of up to 300 megawatts of photovoltaic power.

Tech giant IBM is partnering with one of Singapore’s biggest shipper, Pacific International Lines, in digitalizing one of the most important documents in shipping — Bill of Lading.

Crypto-jacking epidemic spreads to 30K routers across India.

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