Tuesday News Roundup

 Top News from Friday to Today

Messaging app Kik shuts down as company focuses on Kin, its cryptocurrency.
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.

Economist Niall Ferguson says China’s online payment platforms are the real threat to US hegemony.

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.

Facebook Libra will be made up of U.S. dollar, euro, yen, pound, and Singapore dollar.



Proof of Capital, the $50mn crypto fund, has been doing one deal per month according to its partner Edith Yeung.

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.

₿ 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.

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

Crypto exchange OKEx eyeing launch of Tether margin futures in October.

Bitfinex has relaunched its token platform as “Bitfinex Token Sales,” with an inaugural sale from monetization blockchain network

AMA with Binance head of US Catherine Coley on Persiscope.

🧳 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.

Singapore Bank Giant OCBC Joins JPMorgan’s Blockchain Network,

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.


Regulators focusing on China’s digital currency stress that the new digital currency will not replace current yuan system. It’s a digitalized yuan.

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.

Bank of Japan Governor says that international cooperation was crucial in regulating stable coins such as Facebook’s planned Libra digital currency.

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