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Friday News Roundup

Top News in Asia from Tuesday to Today

Prior to releasing details about Binance’s customers online Wednesday, “KYC” hacker Platon apparently held numerous talks with Binance, and reportedly struck a deal that was later aborted. CoinDesk has obtained full transcripts of these conversations. http://bit.ly/2YVImnA

Coinmetrics says that 318 addresses hold at least $1 million worth of Tether (USDT), comprising 80% of the global Tether supply. https://bloom.bg/2YSzG17

In case you missed it, Global Coin Research has officially released its complete guide book on Asia Cryptocurrency and Blockchain communities titled: The Small Handbook to Asia Crypto: on Local Ecosystems, Trends and Regulations”This book is made complimentary for the community by the support of Kakao Klatyn, Zcash, BlockchainsforSchools and Kyber Network

Interview with Genesis Block Head of Trading – on Miners Driving Up Bitcoin Prices; Hong Kong Protests and Bitmain’s Matrixport OTC

💰

Investments

Digital assets trading platform BitMart has reportedly secured “millions of investment” from Chinese blockchain-focused venture capital firm Fenbushi Capital. http://bit.ly/2OL6y8r

₿ Coins and Mining

Dr. Elaine Shi is Leaving ThunderCore. http://bit.ly/2ZDWzCV

Crypto miner manufacturers including Vidtoo, Innosilicon, Obelisk are planning to launch ASIC miner for Grin this summer. http://bit.ly/2ZV8snO

Blockstream has announced that it has opened a Bitcoin mining facilities in Canada and the United States. http://bit.ly/2YSdXXi

Nervos CKB has announced its Official Public Salehttp://bit.ly/2KEERsm

💸

  Exchange News

Binance adds margin trading for Litecoin, USDC and Ethereum Classic. http://bit.ly/2KBV1Tt

Bitholic, a Singapore exchange, was reportedly partnering with Bithumb, South Korea’s main exchange, to become Bithumb Singapore. http://bit.ly/2YMqrQg

The UK tax authority, HM Revenue & Customs, is putting pressure on cryptocurrency exchanges to disclose customer names and transaction history in order to recover unpaid taxes. http://bit.ly/2ZJLvUM

Cryptocurrency Gamblers are Losing Interest in Gambling DApps. http://bit.ly/2M7X7xN

🧳 Business
 

Standard Charter had conducted the pilot transaction for PTT Group, which involved shipment of an oil product from Thailand to Singapore. http://bit.ly/2YVItj0

Japanese conglomerate GMO Group said in Q2, it’s crypto business recovered given the recovering crypto market and that the mining business also achieved profitability. GMO has 3 crypto-related businesses: Bitcoin and Bitcoin Cash mining business, exchange business, and stable coin payment business. http://bit.ly/2ZMbmLQ

Korea’s state-backed financial IT firm Koscom will develop a blockchain-powered platform for trading unlisted securities. http://bit.ly/2MbJhKv

Chinese government hackers suspected of moonlighting for profit, also using ransomware against game companies and attacked cryptocurrency providers for personal profit. http://bit.ly/2TiAUOk

Japanese cryptocurrency exchange VC Trade has integrated an anti-money laundering compliance technology developed by Taiwanese digital currency hardware wallet company CoolBitX. http://bit.ly/2Tl32jB

 Regulations

European Central Bank says the “central banking community” will refine its monitoring of cryptocurrency transactions, both on- and off-chain. http://bit.ly/2YWPKPu

Korea Financial Intelligence Unit has disclosed a plan to directly regulate cryptocurrency exchanges and bring them into the regulatory system vs previously administrative guidance to banks. It aims to introduce a “cryptocurrency exchange licensing system”. http://bit.ly/2YMS1gj

Korea’s city Busan is expected to become a cryptocurrency special zone with a fund and to actively support cryptocurrency businesses. http://bit.ly/2ZEZr2h

Bitcoin Volume Hits All-Time High in Venezuela As President Trump Freezes Venezuelan Government Assets- Nearly 68 billion Venezuelan bolivars ($5mn) were exchanged for Bitcoin last week on the over-the-counter trading platform LocalBitcoins.  http://bit.ly/2YSe7hm

GitHub and Slack Bans Are Hurting Iranian Bitcoin Businesses. http://bit.ly/2YQWPkS

Malaysian electricity utility raids premises of 33 bitcoin miners accused of stealing $760,000 in power. http://bit.ly/2YXm4lg

Shenzhen, a major Chinese city, has issued nearly six million blockchain-based invoices in a year since their inception in August 2018. http://bit.ly/2KyQEZh

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