Tuesday News Roundup

Tuesday News Roundup

 Top News in Asia from Friday to Today

The Central Committee of the Communist Party of China has outlined the plans for the future development of the Shenzhen Special Economic Zone, including the research and promotion of digital funds and the national cryptocurrency based on the renminbi. http://bit.ly/33Jx6dx

China’s proposed digital currency will help banks bridge gap on mobile payment, curb dominance of Alipay, WeChat. http://bit.ly/2Z9chJh

Hong Kong Free Press, a leading independent publication relied upon for its impartial coverage of the Hong Kong protests, now accepts donations in Bitcoin and Bitcoin Cash.http://bit.ly/30lkFCD

Binance is calling on governments, companies, and entrepreneurs around the globe to develop “localised stablecoins” on its proprietary Binance Chain network, a project it has dubbed “Venus, calling it an “independent regional version of Libra”. Astrologically speaking, Libra’s ruling planet is Venus. http://bit.ly/2ZjH9Xo

GCR interviews with Viktor Radchenko, Founder of Trust Wallet on Upcoming Staking Support, Design and User Behavior. http://bit.ly/30kGBhl



Biggest Crypto Hedge Funds and What They Tell About the Market- DCG, Polychain, etc. http://bit.ly/2MpNgU3

Korea’s Exchange reveals token ownerships in its investment arm Cedar -> $19 million equivalent of TTC and $25million equivalent of LUNA.Other investments include Code Box, Way2Bit and SuperBlock. http://bit.ly/30tXS7X

? Coins and Mining

The London Stock Exchange -listed cryptocurrency mining firm Argo Blockchain is set to increase its electricity supply by 357%, aiming to become “the world’s largest publicly-listed crypto miner by 2020. Filing: http://bit.ly/2ZdkkVb

Exchange Huobi has added support for MakerDAO tokens and decentralized apps (DApps) in its wallet.

Aside the $3 bln PlusToken, Beware of These Possible Chinese Crypto Scams: Cloud Token, MGC, WoToken.http://bit.ly/2ZkNIsE


  Exchange News

BitMEX announced that it will restrict access to its platform in Seychelles, Hong Kong and Bermuda. http://bit.ly/33KzWiw

The number of South Korean companies listing their early-stage blockchain projects on foreign exchanges is steadily increasing, including in the US and Singapore.http://bit.ly/2KZvALI
Binance announced that the Binance iOS App (V1.7.1) has returned to the Apple App Store. http://bit.ly/30tV1ff

After initially delaying its decision, the New York Supreme Court has ordered Bitfinex, Tether to turn over documents regarding alleged cover-up of fraud.http://bit.ly/2Zinpn8

? Business

According to the New York Times, Terrorists Are Turning to Bitcoin for Funding, and They’re Learning Fast. https://nyti.ms/30jEZ7B

Rakuten Wallet, a subsidiary of Japanese e-commerce company Rakuten, is set to release a mobile app offering the ability to buy and trade three cryptocurrencies. http://bit.ly/30jJ1N1

? Regulations

The Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS), has developed a Code of Practice in partnership with multinational law firm Linklaters.http://bit.ly/2zawCPw

 Luxembourg-registered financial firm Black Manta Capital Partners has received a license from the German Federal Financial Supervisory Authority for its Security Token Offering platform and its going after Singapore next. http://bit.ly/2MqihXT

The World Bank announced on Aug. 16 that it raised an additional A$50 million (over $33 million) for its Kangaroo bond due August 2020, using a blockchain. http://bit.ly/2ZeWCbo

Bitcoin holders in Israel have taken legal action against local banks for their refusal to open accounts for customers seeking to deposit money from cryptocurrency sales, according to a report by Globes. 

In a serious bid to improve the service delivery, India’s state of Maharashtra government has firmed up an ambitious plan to implement blockchain technology in agriculture marketing, supply chain, registration of vehicles and document management system. http://bit.ly/30tWH8x

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