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Tuesday News Roundup

 Top News from Friday to Today

Messaging app Kik shuts down as company focuses on Kin, its cryptocurrency. https://tcrn.ch/2kSmB6e
Global Coin Research is partnering with The Logic to offer our readers direct access into Kik CEO Ted Livingston. Scroll all the way to the bottom for details

WSJ: The Coming Currency War: Digital Money vs. the Dollar. https://on.wsj.com/2mRGWcr

Economist Niall Ferguson says China’s online payment platforms are the real threat to US hegemony.http://bit.ly/2m9XP1B

IFRIC is associated with the International Financial Reporting Standards (IFRS) Foundation under the International Accounting Standards Board (IASB), responsible for developing a single set of high-quality global accounting standards ,not considered financial asset/considered  intangible assets in accounting.http://bit.ly/2kDs68I

Facebook Libra will be made up of U.S. dollar, euro, yen, pound, and Singapore dollar. http://bit.ly/2kDxt7S

💸

Investments

Proof of Capital, the $50mn crypto fund, has been doing one deal per month according to its partner Edith Yeung. http://bit.ly/2l1KIzx

Blockchain analytics startup Flipside Crypto has raised $7.1M in new funding, the round was led by Galaxy Digital Ventures. 

Tech giant Tencent leads $20M Series A for blockchain supply chain startup Everledger. Other investors include Graphene Ventures, Bloomberg Beta, Rakuten, Fidelity and Vickers Venture Partners. http://bit.ly/2lkvCFj

₿ Coins and Mining

Tron drops 6% in sea of red-After an impressive start to the year, TRON has been struggling to stay standing as of late. http://bit.ly/2kyhmby

O(1) Labs has formed a Testnet Advisory Board to advance the development of Coda Protocol. Tezos (Luke Youngblood) and Cosmos (Zaki Manian) are added as the first two technical advisors.

💸

  Exchange News

Binance.US has gone live with 7 digital currencies: Bitcoin, Binance Coin, Ethereum, XRP, Bitcoin Cash, Litecoin, and Tether. Starting accepting deposits for Stellar, Cardano, Ethereum Classic, BAT and 0x http://bit.ly/2m9LhY2

Crypto exchange OKEx eyeing launch of Tether margin futures in October. http://bit.ly/2kDpN5B

Bitfinex has relaunched its token platform as “Bitfinex Token Sales,” with an inaugural sale from monetization blockchain network K.im. https://yhoo.it/2lbZ3th

AMA with Binance head of US Catherine Coley on Persiscope. http://bit.ly/2mRlMey

🧳 Business

Chinese insurance giant Ping An’s blockchain unit eyes US IPO in mid-November. Currently valued at $8 billion and plans to raise $1 billion. Currently the product reportedly provide services to more than 200 banks, 200,000 enterprises, 500 government or business organizations at home and abroad. http://bit.ly/2kEWCPA

Singapore Bank Giant OCBC Joins JPMorgan’s Blockchain Network,http://bit.ly/2laTV8q

By early 2020, support for Bitcoin payments will be launched at over 25,000 sales points for 30 French retailers, including sportswear giant Decathlon and cosmetics store Sephora.http://bit.ly/2mKkCBk

 Regulations

Regulators focusing on China’s digital currency stress that the new digital currency will not replace current yuan system. It’s a digitalized yuan. http://bit.ly/2kzSIHx

The Korean Liberal Party details out economic policy directions ahead of the next general election-believes cryptocurrency legalization is inevitable to foster the blockchain industry and need to create guidelines for ICO and ICO. http://bit.ly/2m9HmKO

Bank of Japan Governor says that international cooperation was crucial in regulating stable coins such as Facebook’s planned Libra digital currency.https://reut.rs/2ln2dKx

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