Top Asia Crypto News Round Up from Dec 2nd- 5th

Top Asia Crypto News Round Up from Dec 2nd- 5th

What Crypto insiders are reading on Asia.

I will be moderating and spending several days at the World Digital Asset Summit in San Francisco from December 9th through 11th. Come talk to me about crypto and Asia, and meet all the other amazing speakers including Balaji Srinivasan and Lily Liu from, Kyle Samani from Multicoin Capital, Dawn Song from Oasis Labs, Avichal Garg from Electric Capital, and more.

For a limited time, enjoy a 60% off to the conference with the code “wdas60”

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Top News in Asia from Wednesday to Saturday

As one of the most active and prestigious VC funds in China, Zhenfund saw many of its Cryptos investments fall year to date. Partner Xu Xiaoping has reportedly exited Blockchain Sector as he removed all blockchain-related content from his official Weibo account.

Huo Xuewen, chief of Beijing’s Municipal Bureau of Finance, alongwithBeijing Internet Finance industry association, have warned that STOs fund-raising is an illegal activity and STO projects should end relevant activities immediately.

Binance’s CEO CZ: we will have the Binance chain ready in the coming months, on which millions of projects can easily issue tokens. also releases video on its second preview of its forthcoming DEX.

Coin and Token News

Korea’s Largest Internet Firm Kakao Is Running a Crypto ICO That Is Not Subject to SEC Scrutiny.

A block producer called Starteos for the EOS blockchain has publicly engaged in a money-for-vote activity, allowing users to earn a stable income in EOS tokens.

Deals and Funds

Fidelity, Bitmain and More Invest $27 Million in Crypto Trading Platform ErisX.

A new blockchain-type network led by a Turing Award recipient, Conflux, has raised $35 million from Sequoia China, Huobi, Chinese Internet companies, claims to overcome a key limitation of existing blockchain technology.

Singaporean governmental body Enterprise Singapore, along with other partners, has supported a new blockchain accelerator launched by a local venture capital firm.

Thai cryptocurrency exchange pioneer Satang Corp, with the backing of the Thai government, is looking to raise $9.9 million in a security token offering early next year.

Hong Kong-headquarteredDiginex, a blockchain solutions and crypto-asset investment company,has acquired a 75% stake in Cayman Islands-based Bletchley Park Asset Management.

Exchange News

OKEX announced to launch a brand-new derivative product, Perpetual Swap, a peer-to-peer, virtual derivative developed by OKEx to enable traders to speculate the direction of the price of digital assets such as Bitcoin.

Users can use Binance Coin to book 450,000+ hotels worldwide on Tripio.

Regulation News

Japan to Force Crypto Exchanges ‘Tell on’ Suspected Tax Evaders.

Billionaire Crypto Investor and to Develop Stablecoin Within Hong Kong-Based Blockchain Fund.

Thai Securities and Exchanges Commission has declared that Thai-related Security Token Offerings launched in an international market break the law.

Business News

Major South Korea Tech Holding SK and ConsenSys Sign MoU to Develop Blockchain Business Hub.

TD Ameritrade Becomes First US Brokerage To Launch Mini Program On WeChat.

In case you missed it

Our Weekly Report on the State of Asia Cryptocurrency and Blockchain

As mentioned last week, based on our reader feedback, we are introducing a new weekly series to contextualize and analyze the latest happenings in Asia. So far we have come up with 4 high-level topics, and every week we will be writing about one of these topics, and rotating through them in the following order.

  • China (providing commentary on recent regulatory trends, media sentiment, and touching on exchanges and company developments)
  • Asia Countries ex-China (providing commentary on recent regulatory trends, media sentiment, and touching on exchanges and company developments)
  • Exchanges And Mining (Binance, Huobi, Upbit, Bitmain, Canaan, etc)
  • Crypto Projects and Funding Trends

Checkout our writeup last week on China here, Asia Countries (ex-China) here

10 Most Popular Asia Crypto Articles of November- Bitmain, Binance and BTCC

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