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Tuesday News Roundup

 Top News in Asia from Saturday to Today 

New York Attorney General has filed documents alleging Bitfinex and Tether have ties to New York state; showing evidence that Bitfinex continued to serve New York traders after they said they ceased such activity in 2015. http://bit.ly/2S8eNJB

Facebook has requested discussions with the central bank of Thailand because Thailand has 50 million registered Facebook users. http://bit.ly/2NIlKm7

Facebook’s plans to create its own cryptocurrency have forced China’s central bank into stepping up research into creating its own digital currency as Libra could potentially pose a challenge to Chinese cross-border payments, monetary policy and even financial sovereignty, according to a People’s Bank of China official. “China wants to know, in particular, the composition of the currency basket and the role the US dollar will play.” http://bit.ly/2YIb1sQ

Photos of GCR at Asia Blockchain Summit. http://bit.ly/2S6nPXv

👍

Deals

Chinese blockchain media company Cailu has received $10 million in pre-Series A funding for further development. http://bit.ly/2S5VLDW

📅

 Events coming up in Asia

GCR is providing 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. http://bit.ly/2J5YYjF

💸

  Exchange News


OKCoin is announcing that STASIS, the first euro-pegged stablecoin, is listed on the OKCoin exchange. Now, OKCoin customers can deposit and withdraw EURS, in addition to trade against USD, EUR, and BTC. http://bit.ly/2xEvAe1

KuCoin launches derivatives trading platform KuMEX, promises up to 20x leverage- following recent announcements by Huobi, Binance, and Bitfinex. Just recently, KuCoin has launched an EOS Soft Staking Program. http://bit.ly/2S4hUlW |http://bit.ly/2S5J77M

₿ Coins and Mining

Bitfinex LEO token announces 27% of profit burn, http://bit.ly/2S1UbTm

Tron releases a subpar response in response to the Wave Field Community Scam after protestors disrupted the office and led to police presence. http://bit.ly/2SdNNIZ

Bitmain granted all the employees with certain titles who had been with the company since early 2018 with options, pending IPO. http://bit.ly/2S47B18

🧳 Business

Former Thailand Blockchain Events COO: “This Is An Industry That Needs To Un-Scam Itself”. http://bit.ly/2S5UAo0

Singapore Global eTrade Services (GeTS) announced that it will produce blockchain based electronic Certificates of Origin (eCOs) for internationally traded goods. http://bit.ly/2S4iq36

Singapore-based online car marketplace sgCarMart and decentralized data exchange protocol Ocean Protocol are launching a blockchain-powered “Know-Your-Vehicle” data marketplace. http://bit.ly/2S3DJSw

 Regulations


The Indian government is latest to show skepticism toward Facebook’s planned cryptocurrency Libra. https://bloom.bg/2S4j9kQ

China’s central bank, the People’s Bank of China, has processed 30 billion yuan of foreign exchange transactions on a blockchain-based trade finance platform. The formal schedule is to began for August. http://bit.ly/2S8cuGr

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