Top News in Asia from Tuesday to Today
China Leads the World in Google Searches for Facebook’s Libra. http://bit.ly/2JEWjO8
Japan’s government is leading a global push to set up an international network for cryptocurrency payments, similar to the SWIFT network used by banks, in an effort to fight money laundering. https://reut.rs/2GjlYtJ
U.S. Regulator Probing Crypto Exchange BitMEX Over Client Trades. https://bloom.bg/2xTHPmX
Libra’s Perceived Threat Towards the Chinese Renminbi. http://bit.ly/2Z0js30
Binance is starting to participate in staking, starting with Stellar, to airdrop 9 million Stellar, now offers staking rewards. http://bit.ly/2GhcjE2. Somewhat relatedly, checkout our recent piece on The Rising Trend of Exchanges Participating as EOS BPs
GCR Workshop takeaways with Awa Sun Yin, co-founder of Cryptium Labs on PoS variants and East and West developer community. Awa highlights the active projects in Asia and also how its increasingly difficult for projects as some jurisdiction will start comparing incoming protocols with existing popular ones
Op-Ed: What to do when you are a crypto business in a prolonged market full of retail investors. http://bit.ly/2Z39pdu
Investments
Singapore-based market maker Altonomy Raises $7M in Funding Round Led by Polychain Capital. http://bit.ly/2YbcU4o
A startup founded by the Russian Waves platform team, Vostok, has been sold to one of the project’s earliest investors. http://bit.ly/2Gl2dSF
Venture funding in blockchain tumbled 60% this year– >Smart Money Said ‘Skip Bitcoin, Bet on Blockchain.’ Not Any More. https://bloom.bg/2YZe0gX
₿ Coins and Mining
Binance Jersey has started offering a British pound-backed Binance called GBP Stablecoin (BGBP). http://bit.ly/2JDxi65
Top-5 Crypto Tokens Pronounced ‘Dead’ — NEM and BCC Head the List http://bit.ly/2YclgIX
Circle CEO is joining Justin Sun’s meal with Warren Buffet. http://bit.ly/2xZz8Yc
Crypto wallet Renrenbit, that raised pre-sale LEO tokens will be one of the first to support storage & management of CKBytes, the native token of the Nervos Network. http://bit.ly/2Z0x662
GCR interviews David Lee, Professor of Singapore University of Social Sciences On Libra. http://bit.ly/2xXFMyg
Events coming up in Asia
GCR is providing complimentary tickets to Shanghai International Blockchain Week is set to be on 16th Sep. to Sep.18th. We have partnered up with the team to bring premium subscribers complimentary tickets to the conference, while supplies last. http://bit.ly/2NSdvEm
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.
Exchange News
Binance Labs announced the third run of the Binance Labs Incubation Program.
Japan’s Exchange Bitpoint Hack Shows That Regulators’ Scrutiny Does Not Equal Safety: http://bit.ly/2GhYZzm
Exchange Huobi is upgrading its current HUSD solution, transitioning it from a stablecoin basket to a new, ERC-20, USD-pegged stablecoin, HUSD Token.https://prn.to/2GjbP0i
Bitpoint Reveals Amounts Stolen, Pledging to Reimburse Users in Crypto: http://bit.ly/2M47vWx
🧳 Business
Underground Bitcoin Business in China: $10k for Creating a Cryptocurrency and run a Ponzi scheme. http://bit.ly/2XTl9hi
Tencent Security report that they monitored a Virus-ransomware named Ryuk encrypts data on an infected device and demands a ransom in bitcoin. The ransom is generally very high (recent ransom reached 11 Bitcoins, worth about 750,000 yuan). http://bit.ly/2LTLfOW
U.K. Releases economic crime action plan, which details regulatory action on cryptocurrencies to prevent their use in criminal activities. http://bit.ly/2M0Edbh
Nearly 70% of polled companies by E&Y in Asia-Pacific don’t trust blockchain technology because they are still grappling to understand how reliable it is. Over two-thirds of enterprises also lack a solid understanding of blockchain tech and how to apply it.http://bit.ly/2SnfAqe
⚖ Regulations
The Hangzhou Internet Court pointed out that “virtual property” attribute of Bitcoin, recognized it as a virtual property with value. http://bit.ly/2xSMA0e
Taiwan is the new home for Hong Kongers seeking political safety. http://bit.ly/2y2hQK1
Municipal -Crypto is Spreading Around the World, in areas such as Berkeley, California, to Busan, Korea http://bit.ly/2Y5M5P9
Thailand economist: Libra is not just about Facebook, it is about the US’s continued domination of the world financial market. http://bit.ly/2XY2dxV
Thailand SEC says it’s stablecoin won’t be employed as a fundraising tool, instead of as an e-payment medium for clearing and settlement and not a fundraising tool. http://bit.ly/2Z99kEY
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