Tuesday News Roundup


Since the blockchain frenzy in China following President Xi Jinping’s endorsement- check out Xi Jinping’s Full Speech –contexualized and translated -at the 18th Collective Study of the Chinese Political Bureau. We have seen various reactions from the markets and world leaders: 


FT: Xi Jinping’s endorsement of blockchain sparks China stocks frenzy.

WeChat Searches for ‘Blockchain’ and A-Share Stocks Skyrocket: Stocks in Chinese blockchain A-share firms maxed out to their 10% daily limit after an endorsement of the technology from the highest echelons of power.

Chinese cryptocurrencies have emerged from the doldrums to take centre stage. Home-grown cryptocurrencies NEO, Ontology (ONT), Quantum (QTUM), VeChain (VET) and others saw gains of more than 50%. Bytom (BTM), saw an increase of 459%, as per reports on China’s Huobi exchange. Google translate


China Passes First-Ever ‘Crypto Law’ Going Into Effect January 2020: the new regulatory framework aims to set standards for the application of cryptography and the management of passwords.

China’s politics and law committee stated in its WeChat official account that China is striving for the number one in blockchain area all over the world.

A leading executive at a Chinese economics think tank has said that China’s central bank will be the first to launch a digital currency successfully.

In a sign of China’s abrupt official about-turn on blockchain, officials are deleting posts that claim the technology is a scam.  Xuexi Qiangguo, China’s most downloaded app on Apple’s App Store, will feature educational content on Bitcoin (BTC) and Ether (ETH).

China Wants Communist Party Members to Pledge Loyalty on Blockchain.

Governments in emerging markets must have greater say in the regulation of digital currencies that could facilitate illegal capital flows and disrupt foreign exchange management, a senior official of China’s foreign exchange regulator.

A local politician is now considering how to make China’s Sichuan province – a major bitcoin mining hubremain attractive to the crypto industry.


WeChat parent company Tencent has got the green light to draft international blockchain-based invoice standards.


People’s Daily, China’s official news outlet, caries that Beijing’s previously-announced support for blockchain should not be read as support for crypto.

 Top News from Friday to Today

Bitmain co-founder and executive director Micree Zhan is out abruptly, Jihan Wu takes over.

Bitmain competitor Canaan publicly files for $400M IPO on Nasdaq.

Leon Li, CEO of Huobi, and the History of Huobi (Part 1).


  Coins News

Samsung Galaxy phones to support Tron via Blockchain Keystore app-to becomes the fourth coin available on the Blockchain Keystore, following Ethereum (ETH), Bitcoin (BTC) and Klaytn (KLAY).


  Exchange News

OKEx is planning to launch Tether (USDT) futures trading, offering a linear futures contract with leverage of up to 100x.

Klaytn’s Token KLAY Listed on Upbit Singapore.

United States Securities and Exchange Commission (SEC) filing reveals that major cryptocurrency exchange Binance received a $250,000 “long-term payment” to keep Blockstack (STX) listed for one year.

🧳 Business

Samsung Galaxy phones to support Tron via Blockchain Keystore app-to becomes the fourth coin available on the Blockchain Keystore, following Ethereum (ETH), Bitcoin (BTC) and Klaytn (KLAY).

Chinese tech giant Tencent Holdings has acknowledged that Facebook’s proposed cryptocurrency Libra could pose a serious threat to existing digital payment systems, including its own WeChat Pay as well as Alipay from rival Alibaba Group Holding.

A prominent Chinese political figure has joined the chorus of voices around the world raising questions about the viability of Facebook’s Libra digital currency, describing the coin as a “delusional” project that is destined to fail.

China Studying Blockchain and AI for Cross-Border Financing: China is looking into the application of blockchain and Artificial Intelligence (AI) to cross-border financing, Reuters reports.

⚖️ Regulation

Argentina imposes further capital controls; sharply cuts USD buying limits to $200 a month.

The Securities and Commodities Authority (SCA) in the United Arab Emirates has drafted a resolution on regulating crypto assets, providing greater clarity for crypto-related projects in the Middle East nation.

Despite talks of the Indian government planning to introduce a bill to ban cryptocurrency in Parliament this winter session, India residents have been presented with a means to deposit Indian Rupee (INR) to buy and sell cryptocurrencies which has not been possible for several months.

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