Friday News Roundup

Friday News Roundup

 Top News in Asia from Tuesday to Today 

Binance announced that they will stop accepting US users on but will be launching a Binance US, a new trading platform specifically targeting U.S. customers, in partnership with a firm called BAM Trading Services, a FinCEN registered partner. The platform will be operated by BAM, while using Binance’s wallet and matching engine technologies. This move is pretty significant and could introduce good competition into the US exchange space.

Our workshop with Cryptokitties founder Benny Giang on the Crypto gaming landscape in Asia was received super well by our subscribers! Check out our notes and highlights on Tweet storm. A replay will be made available soon.

Messaging platform Telegram has been the target of a cyber attack coinciding with massive street protests in Hong Kong.

In response to the negative sentiment around mining and the recent introduced guidelines around the mining ban: some parts of Sichuan, the mining capital of China, is facing strong supervision from local regulators. The hydropower heavy region of Ganzi announced that they do not allow Bitcoin mining- been turning miners away and mining farms have been demolished. 

Web 3 Foundation’s co-manager Dieter Fishbein said at China tour that the Polkadot main network is scheduled to go online at the end of 2019, but as latest as early February 2020. Polkadot is recruiting Chinese ambassadors to help organize meet-up activities and Fishbein believes that the Chinese market will become the largest market for Polkadot in the future.

Facebook’s yet-to-launch cryptocurrency appears to have attracted three major payments companies as backers, according to a report by The Wall Street Journal. Visa, Mastercard and PayPal are set to be backers of Facebook’s cryptocurrency along with a number of other companies, including Uber.

Chinese telecommunications hardware giant Huawei is considering launch of Blockchain Services in Latin America. The company claimed to have several contracts with the Brazilian government for storagesolutions and to be in talks for 5G infrastructure deal.

We are Seeing the First Wave of Tech Conglomerates Coming into Crypto Globally.


Most Clicked on From the Last Newsletter

Indian Lawmakers Propose Adoption of 10-Year Jail Term for Crypto Dealings, including those who mine, hold, buy and sell cryptocurrencies, as well as those who deal with cryptocurrencies directly or indirectly in the country.

Telegram’s Gram tokens will be made available on cryptocurrency exchange Liquidprior to the October launch. A Korean company Gram Asia, the largest holder of Gram tokens in Asia, will be selling a portion of their Gram tokens to the public.

GCR Contributor Network: New Blockchain Trends on Japanese markets by Miss Bitcoin Mai.

GCR Contributor Network: Examining the Super App Strategy in Southeast Asia by Bernard Leong.

Leading crypto publication announced it’s shutting down due to a stark drop in traffic arising from Google’s June 2019 Core Update. CoinDesk, has experienced a 34,6% drop, whereas Cointelegraph has experienced a drop of 21,1% on mobile.

?Deals and Funds

UplandMe, a “Monopoly”-like property game built on the EOS blockchain, has raised $2 million in seed funding,

Beijing-based blockchain security services provider ChainsGuard announced seed financing of tens of millions of RMB ( a few million USD) from JRR Crypto, subsidiary of CCID research group, and DC Capital.


  Exchange News

Bitfinex announced Friday it has launched a transparency initiative for its exchange token LEO; It’s listing two tokens from the exchange OKEx: its native utility token OKB and the stablecoin USDK.

BitMEX Observes Increase in Attacks on Accounts, Stresses Security Measures.

Korean Government Lenient Only with Foreign Cryptocurrency Exchanges: An increasing number of foreign cryptocurrency exchanges are entering the South Korean market such as OKex, Huobi, Digifinex. On the other hand, the South Korean government is blocking South Korea exchanges’ overseas transmittance, out of concerns over money laundering..

? Coins and Mining

Eos Developer Working with Lobbying Firm on Blockchain Issues; reportedly contributing $30,000 for lobbying activities..

Justin Sun announced that the lunch with Warren Buffet will take place in San Francisco on July 25.

Ampleforth, the first token to be offered on Ethfinex and Bitfinex’s IEO platform Tokinex, reached $5 million in 11 seconds during its initial exchange offering, according to a news release. Jean Louis van Der Velde, CEO of Bitfinex and Ethfinex called the demand for the sale “incredibly high.” We did a conference call with Ampleforth Chief Business Officer on IEOs for our first workshop- listen to it here.

AnChain.AI, an AI-powered blockchain ecosystem security company, released a report showing that the equivalent of $6 million in transaction volume was driven by rampant, malicious bot activity on Dapps in the first quarter of 2019.

PundiX is now integrating the support for Binance Chain. Once completed, BinanceChain developers will be able to list their BEP2 tokens in PundiX payment platform across 25 countries.



The largest bank in Korea, KB Kookmin, is venturing into the crypto asset custody market. The bank is reportedly partnering with blockchain startup Atomrigs Lab in order to offer secure safekeeping of digital assets.

Amazon has partnered with United Kingdom-based insurance agency Legal & General to create a blockchain system for managing corporate pension deals.

Chinese Locals Allegedly Laying Cable via Fish Ponds to Steal Oil Well Power for BTC Mining:

Austrian Postal Service Releases Crypto Collectible Stamps, considered the first stamps in the world to be authenticated via blockchain technology. The postal service has reportedly issued 150,000 copies sold at € 6.90 apiece.

? Regulations

Chinese City Offers Rent Subsidies, Cash Rewards to Blockchain Businesses- reportedly up to $86,800 in relief on rent bills per year for three years.

Philippines’ CEZA’s Crypto Valley of Asia, claims to be the first economic zone in Asia to regulate, license and propagate offshore financial technology solutions for companies and offshore virtual currency exchanges.

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