Friday News Roundup

 Top News in Asia from Tuesday to Today

There’s been some FUD rumors claiming a Korean wallet ponzi scheme ran by a number of Chinese people had been dumping bitcoins into the open market. The wallet was called PlusToken and while the suspects have been caught, numerous attempts by outside parties to track down the Bitcoin. Yesterday, a Chinese security firm PeckShield Digital Asset Escrow System has detected a change in the address of the two major BTC wallets of PlusToken, with a total of 28,500 BTCs transferred. Nevertheless, it cannot be confirmed that the tokens has been transferred into exchanges. Google translate 
An alternative source TokenAnalyst also confirmed that Bitcoin drop not likely triggered by scam dump. https://bloom.bg/2Z8V5mX

Defi trends in China- GCR workshop takeaways with CEO of stablecoin project Dforce on the largest stakers in Asia, and the difference between Defi in the West and East. http://bit.ly/2N5dQkV

Fraudsters Pretending to be Binance and Bitmain Employees Attempt at Wechat Scam. http://bit.ly/2ZhOw1L

What projects can learn from luxury brands when establishing a global presence. http://bit.ly/2Z8TGwH

Binance US could go live before November, but won’t serve NY residents initially. http://bit.ly/308hL48

Investments

Singapore-based blockchain infrastructure firm StakeWith.Us has raised S$825,000 ($600,000) in a seed funding round led by SGInnovate and Golden Gate Ventures’s LuneX Ventures. http://bit.ly/30bO8Pw

Coinmine, a consumer-facing cryptocurrency mining startup, has raised a fresh new round of funding. The startup has a $2.5M seed round led by M13, with participation from Gumi Crypto, Republic Labs, Canaan Labs, and Shervin Pishevar.http://bit.ly/2ZbOFDD

₿ Coins and Mining

Visa debit card available in Europe allows users to spend Dai stablecoin anywhere in the world. http://bit.ly/33Es1mI

A chat thread reportedly between the creator of Litecoin and the platform’s top developers have sparked concerns about development. http://bit.ly/30aM2iA Charlie Lee also responds to that on Twitter.http://bit.ly/308iMcs

  Exchange News

Fiat-to-crypto exchange Binance Jersey has collaborated with Galaxy Capital-backed institutional trading and portfolio management platform Caspian, aiming to increase trading volumes in Europe. http://bit.ly/2Z277P6

Korea exchange CoinOne has disclosed the standard for listing and repealing cryptocurrency. http://bit.ly/2ZcEXAM

The number of people using Bitberry, the cryptocurrency wallet of Korea’s Dunamu/Upbit Exchange, has exceeded 100,000. http://bit.ly/2ZcEDC4

🧳 Business
 

Spending on blockchain solutions in the United States will be nearly $1.1 billion in 2019, making it the largest geographic market, followed by Western Europe ($661 million) and China ($304 million), said the research firm IDC in its new blockchain spending update. http://bit.ly/2Z85lfi

Bitfury, valued recently at more than $1 billion, has launched its artificial intelligence (AI) division. https://reut.rs/2Z5uwPv

Singaporean startup Limestone Network is looking to transform the face of Southeast Asia by building smart cities powered by blockchain technology, starting with Cambodia. http://bit.ly/2Zddpv8

Bitcoin, Ethereum adoption on the rise in Colombia, according to survey of 1000 people. 91% surveyed said they believed “cryptocurrencies will mark the future of world trade.” http://bit.ly/2Z8yKGf

Alibaba has applied for a United States patent entitled “Domain Name Management Scheme for Cross-Chain Interactions in Blockchain Systems.” http://bit.ly/2Z3mZkt

Malaysian power utility firm Tenaga Nasional Bhd is tightening measures in a bid to stem the millions lost to electricity theft by Bitcoin miners. http://bit.ly/2Mh2L0t

⚖ Regulations

The Basics to Understanding China’s Digital Currency Plan. http://bit.ly/2ZcUqRq