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Tuesday News Roundup

 Top News in Asia from Tuesday to Today

Bank of China, one of the country’s big four state-run commercial lenders,  releases infographic to raise bitcoin awareness. http://bit.ly/3327vMq

Philippines-based UnionBank has launched a payments-focused stablecoin pegged to the Philippine peso called PHX. http://bit.ly/32ZN5E1

Chinese importers in Russia are buying up to $30 million a day of tether (USDT) from Moscow’s over-the-counter trading desks. http://bit.ly/2KfRJ89

Bitfinex CFO talks about the USDT hearing: the US government just wants to share a piece of our busineses, but they have no way to get it. google translate

Bitcoin development firm Blockstream has launched a new version of the stablecoin Tether on its nascent “Liquid Network”.http://bit.ly/2Kc8VeZ

₿ Coins and Mining

Singapore blockchain firm Perlin acquires struggling Dispatch Labs. http://bit.ly/2KgRlq0

💸

  Exchange News

Japan’s BitFlyer announced that it will start buying and selling Bitcoin in Europe . Instead of trading, they can exchange Euro and Bitcoin up to 20 BTC directly. http://bit.ly/333yqYj

Bitfinex announces eosfinex.

Four cryptocurrency exchanges in South Korea – Bithumb, Upbit, Coinone and Korbit – are reportedly facing stricter requirements for renewal of their accounts from banks in the country.

Cryptocurrency exchange Coineal recently canceled an IEO for blockchain security company CYBR, whose founder now claims that Coineal faked IEO sales volumes and scammed them out of listing fees. http://bit.ly/332Ar72

🧳 Business
 

Alibaba’s Ant Financial Services completed the first blockchain loan business- looking to solve the financing problem of small and micro-enterprises. Google translate

Some Stats of Binance new Launchpad project WINk: Total Tx Volume: 100 Billion TRX. Marking it the number 1 dapp on all EOS, ETH and TRX dapps .http://bit.ly/32Z4k8u 

TSMC Confirms Bitmain’s Urgent Order for Wafers. http://bit.ly/2YbgBrN

Dual Industrial is Withdrawing from Bithumb Acquisition Deal, found a significant breach issue of the counterparty in the contract relating to the acquisition condition. http://bit.ly/2Kd5NPV

Youniqx Identity AG, a subsidiary of the Austrian State Printing House, has developed a cryptocurrency hardware wallet. http://bit.ly/2ZieQWf

PwC’s Singapore is partnering with DiMuto’s Track & Trace blockchain solution, which digitises each fruit into a traceable digital asset. http://bit.ly/2GB8jOK

 Regulations


Taiwan has issued its first virtual banking licenses to three firms, including subsidiaries of Japanese e-commerce giant Rakuten and the country’s messaging giant LINE Group.  
https://reut.rs/32ZNJRX

Judge delays ruling on Bitfinex case, extending the injunction for 90 days. http://bit.ly/2KbTdR6

Singapore’s move to waive sales tax on digital payment tokens will spur innovation, boost cryptocurrency exchanges, says PwC. http://bit.ly/2Zjlw6r

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