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Tuesday News Roundup

 Top News in Asia from Tuesday to Today

China’s central bank said that it will accelerate the research and development of its “legal digital currency”. http://bit.ly/2yFNHAT

GCR Interview with Genesis Block Head of Trading – on Miners Driving Up Bitcoin Prices During Favorable Seasonality, the ongoing Hong Kong Protests, and Bitmain’s Matrixport OTC business. http://bit.ly/2OL2pRQ

SEC Commissioner Hester Pierce in Singapore said that SEC could learn from other countries such as Singapore, Thailand, Hong Kong and Japan in Asia, as well as Malta and Switzerland in Europe, and Bermuda in North America.http://bit.ly/2yDdZ6L |She also expressed interest in building a non-exclusive safe harbor for token offerings.  http://bit.ly/2T6JCim

North Korea has generated an estimated $2 billion for its weapons of mass destruction programs using “widespread and increasingly sophisticated” cyberattacks to steal from banks and cryptocurrency exchanges. https://reut.rs/2yIR3Tr

U.S. Federal Reserve Board on Monday announced that the Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNow℠ Service, to support faster payments in the United States.http://bit.ly/2OELeBf

Global Coin Research Q2 Asia Macro Outlook – http://bit.ly/2OEUCot

Investments

NGC Ventures along with BlockVC has announced a strategic investment in Troy Network, the decentralized protocol for global trading and settlement, which also includese a prime brokerage. http://bit.ly/2yHHN22

Singapore’s LuneX Ventures eyes final close of $10m crypto fund in Oct. http://bit.ly/2OEO8G9

₿ Coins and Mining

Delphi Digital Q2 Report: Q2 2019 + PRICES DOUBLING. Paid subscribers only

Data protection and privacy authorities in the U.S., U.K., EU, Australia, and Canada have issued a joint statement sharing concerns about Facebook’s cryptocurrency project, Libra. http://bit.ly/2yJdwzM

Block.one has hired Christina Pantin, formerly Abernathy MacGregor and Samsung, as Asia-Pacific head of communications. 

Filing shows that the Chinese company The9 Ltd bought 5,297,257 tokens during a Telegram initial token offering in January 2018 for $2 million dollars, first of investors of Ton to be revealed. http://bit.ly/2Y6Faps

💸

  Exchange News

Coinbase is considering 8 new token listings, aiming to open up 90% total crypto market cap to users. http://bit.ly/2yFLVPZ

A new report from blockchain intelligence resource Token Analyst claims that many traders decided to ditch derivative trading platform BitMEX in July, taking with them funds worth half a billion dollars. http://bit.ly/2OJveOx

🧳 Business
 

Bitmain reportedly made a loss of $310 million in the first quarter of this year, including $625 in the first two months of this year and then mitigated in $315 million profit in March. http://bit.ly/2OJr7C5

Cathay Pacific has introduced the first blockchain project to eliminate paper-based processes and manage unit load devices (ULDs) through a smartphone. http://bit.ly/2OIW0qf

US retail giant Wal-Mart may be working to issue a dollar-linked stable currency  to help low-income families find alternatives to banks that are costly. https://bloom.bg/2yEvtjb

PayPal CEO has confirmed that Paypal is also part of the Libra project. http://bit.ly/2yGmo9p

 Regulations

Thailand’s anti-money laundering regulator is planning to amend the country’s laws to include cryptocurrency. http://bit.ly/2yJJ48R

Venezuela reportedly dodges US sanctions with crypto in airports: president Nicolas Maduro has authorized the use of an app which collects aeronautical taxes, and then their conversion to Bitcoin. http://bit.ly/2KxjDNh

Iran government claims that it will not recognize as lawful any trade activity carried out inside Iran involving cryptocurrencies. It will also not view the digital coins as legal tender and the Central Bank of Iran would not guarantee their value. http://bit.ly/2yEtprg

The Indonesian central bank has held talks with Facebook and it is not certain whether Libra will operate in the country. http://bit.ly/2yL0qSw

South Korea’s military acquisitions agency, the Defense Acquisition Program Administration (DAPA), is developing a blockchain platform to improve business operations. http://bit.ly/2ORDYT0

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