Top News in Asia from Saturday to Today
Binance Chain gaining traction:
-Blockchain ride-hailing app Tada to switch from Ethereum onto Binance chain. http://bit.ly/2YbzOW1
– A portion of MEET.ONE-Pegged Token will be migrating to Binance Chain, which will mark the first $EOS token on the Finance DEX. http://bit.ly/2YkpQSx
Bitmain, along with Ebang, the world’s third-largest bitcoin mining machine maker, are reportedly considering an initial public offering (IPO) in the U.S. after their Hong Kong plan flopped. News on Bitmain: http://bit.ly/2Xzm7D6 ; News on Ebang http://bit.ly/2Ylcbu4
Dekrypt interviews Ethfinex on how they mint Tether in preparation for the bull market demand. http://bit.ly/2YbA1IV
This section of the report particularly stood out to me, as this is what we hear as well from the market: “Nobody ‘buys’ tethers,” said pseudonymous blogger Bitfinex’ed, who has been investigating Tether for several years, in a DM to Decrypt. “Bitfinex [a large crypto exchange that operates as Tether’s affiliate] issues tethers to their traders for market manipulation, market manipulators pump and dump, then ‘pay’ for the tethers later.”
Malaysia has launched a work visa program for Blockchain Tech Professionals. http://bit.ly/2WYrlsH
Most Clicked on From the Last Newsletter
Highlights and Excerpts from Neo Global Capital’s All-Weather Investment Strategy for Crypto. http://bit.ly/2ItRJSg
Amber AI’s cheat sheet for Algorand’s Dutch Auction. http://bit.ly/2Itq0Bp
Xfers, backed by 500 Startups, Golden Gate Ventures and Facebook co-founder Eduardo Saverin, will make use of Zilliqa’s recently launched smart contracts to make payments more efficient and transparent for its 500,000 users. http://bit.ly/2It6Yeg
Events coming up in Asia
StakingCon is taking place in July 10th in Beijing- with Algorand、Cardano、Tezos、Dash、NEM、IRISnet、VSYS、Edgeware、AELF、MultiVAC、Near Protocol、Decred. http://bit.ly/2Y6Zcw9
Complimentary tickets are available to KryptoSeoul for BUIDL 2019 on July 22nd and 23rd, a technical and business forum held at Novotel Ambassador Gangnam. We have partnered up with the team to bring premium subscribers complimentary tickets to the conference, while supplies last.
Complimentary tickets are available for our premium subscribers to Asian Blockchain Chain in Taipei in July 2&3, while supplies last. New speakers include Justin Sun, CZ and Arthur Hayes.
Exchange News
Korean exchange Bithumb announces plans to start of EOS blockchain voting. The report says that Koreans own about 10% of EOS tokens and Bithumb owns the most out of all the Korean exchanges. http://bit.ly/2YfHl6q
₿ Coins and Mining
Wal-mart China announced the creation of a Blockchain Food Safety and Traceability Platform alongside partners VeChain, PwC, China Chain Store and Franchise Association. Wal-Mart will use VeChain’s blockchain technology to verify products along the supply chain, increasing consumer trust. http://bit.ly/2Yb3pyP
Cryptoasset data provider Coin Metricshas released a report showing Kik’s claims about its level of blockchain activity and adoption rates for its cryptocurrency Kin are inaccurate. http://bit.ly/2YbvtST
IRISnet, a Chinese based project and also a hub built on Tendermint, announced a One-year Token Burning Plan. http://bit.ly/2YbAxq9
🧳 Business
GCR Workshop #4: On Security Token Offerings with Jacqueline Kwok of Securitize. http://bit.ly/2IsOafo
Chinese blockchain game developer launches cloud-based integrated development environment (IDE) tool to access the Libra Move language, supposedly reducing compiling time from 1 hour to 3 minutes . http://bit.ly/2YadoVj
Bitcoin Arbitrage Scams Run Rampant in China with Over 15,000 ETH Swindled in “Huobi Arbitrage Scam”. http://bit.ly/2IH9spA
China says will not allow Hong Kong issue to be discussed at G20 summit. https://reut.rs/2YdXwRq
The Japanese’s communitys’ view on Libra. http://bit.ly/2Yday1x
⚖ Regulations
Korea regulators announces that If Korean virtual currency exchanges fail to comply with the FATF virtual currency regulatory guidelines, their business license will be cancelled. The bill is under review and is expected to be implemented in the second half of next year. http://bit.ly/2YbNdxx
Russian Central Bank official: Fraudsters ‘very rarely’ use crypto to withdraw stolen funds. http://bit.ly/2Y6VPW1
Hong Kong cryptocurrency exchanges and custodians are seeking out insurance to cover the risks of hacking and theft, in an effort to comply with future regulation by the city’s securities watchdog to provide full protection for client assets. http://bit.ly/2Fx26Tw
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