Tuesday News Roundup
Top News from Friday to Today
7 Things You Probably Didn’t Know About China’s Digital Currency-1)Likely to Launch Before Libra, 2)Focuses on Private Institutions vs State Own Enterprises and, 3)the Potential to Take on Alibaba and Tencent, and more. http://bit.ly/2Zpt7nj
Binance enters into crypto lending space, offers interest-earning opportunities for BNB, ETC and Tether.http://bit.ly/30E3U5V
Former Bank of England governor Carney laid out a radical proposal for an overhaul of the global financial system that would eventually replace the dollar as a reserve currency with a Libra-like virtual one. https://bloom.bg/30EpFm0
The CEO of Circle has highlighted China’s path to issuing its digital currency as “an example of where China is way ahead (of the US) in terms of technical innovation, in terms of real innovation in payment systems and the way the future of the economy is going to work, I think China is way ahead.” http://bit.ly/2LaCEFt
Investments
Cryptocurrency futures exchange CoinFlex targets Asia traders with physical delivery of bitcoin contracts. Raisees $10mn including Roger Ver.http://bit.ly/2L9Aczc
China Pacific Insurance invests in blockchain start-up B3i, the blockchain consortium made up of 38 leading insurers and joins insurers such as AXA, Munich Re, SCOR and Swiss Re.http://bit.ly/2ZrDEhz
₿ Coins and Mining
Bakkt investor 11-11 Ventures has backed a $200 million venture capital (VC) fund that is focused on the Algorand blockchain platform. https://bwnews.pr/30NoYHj
Exchange News
The BitMEX Insurance Fund is up 50% since the beginning of 2019; holds more than $300 million.
Since its launch in 2017, Binance has delisted 17 assets from its exchange; on average these assets lost 20% of their value on the day of their delisting announcement. http://bit.ly/30ByQDG
Japan Zaif Exchange to Close on August 22nd and Return Money to Users. http://bit.ly/2ZwUY4Q
Japanese Exchange Bitflyer Allows Bitcoin Purchase with Popular Rewards T Points. http://bit.ly/2ZsZXn1 Adds Ethereum in US and Europe. http://bit.ly/30C9ndf
🧳 Business
The Thailand Securities and Exchange Commission’s is warning over a new form of investing scam, in which victims are lured into investing with websites claimed to be legal digital currency traders operating overseas. http://bit.ly/30DTAuD
Delegation of the US House of Representatives, who visited Switzerland to discuss Facebook cryptocurrency Libra regulation, still expressed concern about cryptocurrency. http://bit.ly/30D29Wr
Cointelegraph is launchinga Korean-language version of Cointelegraph and opened a Korean office in Seoul.http://bit.ly/2MEZsAx
⚖ Regulations
The Korea Blockchain Association has formed a new executive team including Terra founder Daniel Shin, Bithumb CEO. http://bit.ly/30yBDxv
Central Bank of Brazil uses IMF guidelines for classification of virtual currency. http://bit.ly/2ZsZrW7
