Friday News Roundup

Friday News Roundup

Top News from Friday to Today

Binance co-founder He Yi explains why she calls the Venus project “Belt and Road version of Libra”. And she says the crypto-platform behemoth can handle regulators better than Facebook. 

Some details:
-Venus will likely run on a new chain, rather than the Binance Chain
– Binance will seek govt & co. partners in non-Western regions
– A 10-ppl team in legal, BD & tech is in place
– More details incl. partners TK in 3 months

Forbes previously reported that the People’s Bank of China is giving its first round of central bank digital currency (CBDC) to 8 institutions- > online retail giant Alibaba, Internet giant Tencent, five banking organizations and another unknown entity. Nevertheless, a few hours after later, a source told Sina Finance (one of China’s largest financial news providers) that the statement in the report was an inaccurate guess.
Relatedly, Binance research takes a look at the CBDC.

Chinese wallet Bitpie Wallet recently accused the largest Ethereum wallet ImToken of faking DEX transactions and ImToken responds with data evidence and threatens legal action against Bitpie; ImToken also announce that they have now 9.15mn downloaded devices.

Global Coin Research interviewed Japanese exchange Liquid CEO Mike Kayamori on the regulatory environment in Japan, and advice for new projects looking to enter the Japanese market.



Blockchain-focused venture capital group Algo Capital has announced the closing of its new VC fund – Algo VC Fund – at $200 million, with backing from blockchain industry investors including NGC.

? Coins and Mining

European Central Bank report-> an indepth report on stablecoins.

Telegram will launch its Gram digital currency in October, according to its investors.

All-time revenue for Bitcoin miners has topped $14 billion, according to fresh data from Coin Metrics.

Hong Kong Businesses Begin Adopting Bitcoin as a Form of Protest: Numerous vendors have began offering crypto payment conversion into Hong Kong Dollars (HKD) in real time.


  Exchange News

Binance launches its developer platform, Binance X.

? Business

China Has Filed the Most Blockchain Patent Applications in H1 2019: 10 most prolific applicants include Alibaba (322), PingAn (health insurance conglomerate)(274), Baidu (search engine) (90), China Unicom (telecom)(81).

Japan’s conglomerates are rolling out crypto to electronic money exchange platforms.

Japan’s SBI to pay shareholders an interim dividend-like benefit in XRP cryptocurrency.

Thailand’s Customs Department intends to use IBM’s Tradelens blockchain solution to track shipping in Thai ports.

Major phone operator China Telecom has released a white paper on blockchain-powered smartphones in the 5G Era.

TSMC Is Accused of Multiple Infringements, Bitmain’s 7nm Bitcoin Miner Capacity May Be Affected.

? Regulations

Shenzhen, South China’s Guangdong Province, could be the first pilot city in China to launch a national digital currency, following the central government’s plan to work out a cryptocurrency in the metropolis, nicknamed “China’s Silicon Valley.”

Switzerland’s first licensed Crypto Bank Is is in talks with local regulators to seal a banking license in Singapore next.

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