Friday News Roundup

Friday News Roundup

 Top News from Tuesday to Today

Venezuela’s central bank is exploring the addition of bitcoin and ether to its reserves.

What the Chinese community is saying about the Bitcoin price crash.

On Tether and the Real Bull Market Coming in 2021, according to DFund investor/Renrenbit Founder Zhao Dong.

Insights From Shanghai Blockchain Week.



In view of the short payback period, more and more Chinese capital groups are flooding into the crypto exchange investment, with 58 financing incidents occurred in the field of crypto exchanges from January to August in 2019.

Securitize, a Coinbase-backed token issuance protocol, has raised $14 million in a funding round led by the venture capital (VC) wings of major commercial banks.

1Confirmation, a crypto venture firm,  announced on Wednesday that it has closed a second fund at $45 million.

Skew raises $2M to build out its cryptocurrency derivatives data platform.


  Exchange and Coins News

BitFlyer Adds 5 Altcoins to Its Trading Platforms in Europe and the US-itcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), Lisk (LSK) and Monacoin:

Binance announced the launch of its staking platform with 8 assets: NEO, ONT, VET, XLM, KMD, ALGO, QTUM, and STRAT. Binance will issue monthly rewards and distributions to those holding certain tokens on its platform.

Exchange Upbit Indonesia will list Klay, the cryptocurrency of South Korean instant messaging giant Kakao.

According to co-founder of Canaan miner, computing power base is booming, while the capacity of chip supply is limited. The computing power will have a 200% growth ceiling.

? 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.

? Regulations

Bitmain announced that next month it will launch a platform that connects owners of crypto-mining hardware to owners of mining farms—large warehouses full of computing equipment.

Ant Financial, a spin-off of Chinese e-commerce giant Alibaba and akin to Paypal in the U.S., has revealed its blockchain-driven open ecosystem. Revealing to be working with Hyperledger.

Miners of bitcoin and other cryptocurrencies in Russia could soon be taxed if a proposal of levying a treasure tax on them gets through.

Shares of China’s fintech companies are rising as the country prepares to launch its digital yuan, which would reportedly create demand for security and payment services.

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