Tuesday News Roundup

 Top News in Asia from Saturday to Today

Bitfinex asserts NYAG made ‘misleading’ claims of jurisdiction in new case filings.

Justin Sun falls ill with kidney stones and postpones $4.6mn lunch with Warren Buffett.

An inter-ministerial committee set up by the India government on virtual currencies has proposed banning of private cryptocurrencies.

The Palestinian government intends to use cryptocurrency to replace legal currency.

₿ Coins and Mining

Ripple expands into South Korea via Moneygram-Sentbe partnership. Sentbe is the a payment processor for Samsung.

Binance-backed cybersecurity company CertiK has launched its native CertiK Chain blockchain.

Venezuelans traded more bolivars for Bitcoin than ever before last week, but thats thanks to the 10,000,000% Inflation.


  Exchange News

Binance Launchpad announces Tron-backed WINk IEO-> WINk is, in fact, a rebrand of the popular gaming platform, TRONbet.

🧳 Business

SWIFT announced a successful trial of instant cross-border transfers in Asia- the trial performed instant payments between 17 banks located in Australia, China, Canada, Luxembourg, The Netherlands, Singapore, and Thailand, taking up to 25 seconds, with the fastest taking 13 seconds.

Swedish cryptocurrency retailer QuickBit exposes over 300,000 records on public MongoDB database.

UnionBank of the Philippines recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines. technology offers an opportunity for smaller banks in the Philippines to boost lending and offer other financial services in rural areas. Union Bank of the Phillipines

Mercedes Benz parent company Daimler has partnered with blockchain firm Riddle & Code to produce a hardware wallet for automobiles.

AlipayHK will extend mobile-wallet service nationally, granting Hong Kong users new payment rails in mainland China.


Securitize: Why blockchain miners shouldn’t be considered broker-dealers: the legal view.

The South Korean Justice Ministry estimates that cryptocurrency-related crimes have caused 2.69 trillion won (about $2.28 billion) of financial damage since July 2017.
Bank of Thailand is open to discuss Libra, concerned over security; to prudently study of both the benefits and risks of the virtual coin is still needed.

Iran has come to a final decision about its tariffs for cryptocurrency mining, and the Economic Commission of the government has agreed to set electricity prices for mining cryptocurrencies based on similar tariffs used for electricity exports.

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