Top Asia Crypto News Round Up from Dec 9th- 12th

Top Asia Crypto News Round Up from Dec 9th- 12th

Top News in Asia from Monday through Wednesday 

An OmiseGO community member calls out OmiseGo’s failure to deliver in a detailed timeline Reddit post titled” expectations vs reality, expectation management, developmental status and short/midterm future analysis and concerns”. http://bit.ly/2PwY67O

Central bank deputy governor: STO business ‘essentially an illegal financial activity in China’. http://bit.ly/2zXmdYn

A supposedly “leaked” WeChat conversation between some of the most powerful Chinese crypto investors surfaced including Binance cofounder He Yi, Chandler Guo, Huobi Exchange chairman Leon Li, Liaode Capital founder, talking about how the EOS team has been pushing down its prices on purpose, and that the group was going to pump up EOS together. Later He Yi and Chandler refuted on Chinese Twitter that these WeChat convos were photoshopped (which is not uncommon in China). Google translated article

WeChat, Shenzhen Tax Bureau Launch Blockchain-Powered Electronic Invoices. http://bit.ly/2zUxicN

OKEx Crypto Exchange Lists Bitcoin Cash ABC Under Original Bitcoin Cash Ticker. http://bit.ly/2zUBV6K

Coin and Token News

ADA founder Hoskinson: “I can’t imagine how they’re [Block.One] not going to have some sort of issue with the SEC. http://bit.ly/2rvrceb

BitMEX research- BTC hashrate drop equivalent to 1.3 million Bitmain S9 machines switched off: http://bit.ly/2A4POPR

Deals and Funds

Chinese Blockchain Education Platform Tomato Rubik’s Cube Completes Angel Round. http://bit.ly/2zSqL1Z

Exchange News

CEO of Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, said that regulation is important to establish industry standards. http://bit.ly/2zYmvhw

In the first official meeting between five of the biggest crypto exchanges and the government of South Korea, Cumberland Korea says that both the government and local financial institutions have to acknowledge the efforts of Nasdaq, Fidelity, and some of the largest conglomerates in the global market working to strengthen the infrastructure around cryptocurrencies. http://bit.ly/2A4POPR

Regulation News 

South Korean startup Presto to file constitutional appeal against local ICO ban:http://bit.ly/2L9c3Io

Business News 

Bitmain has secured a long-term cooperation with a wholly-owned subsidiary of China Mobile on the development of artificial intelligence. http://bit.ly/2PyPYDD

Samsung has refuted rumors that it has plans to offer a cryptocurrency cold wallet on its Galaxy S10 smartphone. http://bit.ly/2zSI2Z6

Bitmain to Close Israeli R&D Center due to Crypto Market Crash: http://bit.ly/2PyRS7B

South Korea’s government will spend $3.5 million USD equivalent to set up a blockchain-enabled virtual power plant (VPP) in the city of Busan: http://bit.ly/2GdLbbw

South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error: http://bit.ly/2rvpnOna

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