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Tuesday News Roundup

 Top News from Tuesday to Today

Weibo, the Chinese social platform liken to Twitter, effectively shut down Binance’s operations on its platform. The text on Binance’s account on Weibo now reads: “The account has been blocked due to violations of laws and regulations and the relevant provisions of the Weibo Community Convention.” Google translate

PLA Daily—the official newspaper of the People’s Liberation Army—is advocating that soldiers serving in the country’s military be rewarded in crypto, should blockchain technology in the country take off. http://bit.ly/2QnQ3hF

CZ on What China’s Blockchain Stance Should Mean to Everybody-. “So, now the other countries are saying, ‘Look, China is adopting this stance, we have to follow. We can’t really ban crypto now.’ I think the other countries will have a really tough time banning crypto now.” http://bit.ly/34Xb6M2

Chinese retail juggernaut Alibaba has leveraged blockchain technology in tracing more than 400 million cross-border commodities in this year’s Double 11 Shopping Festival. http://bit.ly/2NM86wq

Bitfinex is looking to turn to prediction markets, according to Paolo Ardoino, CTO of Bitfinex and Tether. http://bit.ly/2Qk6lZ1

Huobi’s technology department has been approved to settle in a technology park in Shenzhen, and its purchase of the previous Hong Kong listed company Pantronics Holdings Ltd have officially changed its English name “Pantronics Holdings Limited” to “Huobi Technology Holdings Limited”. http://bit.ly/2NP8XMH

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  Investments

Tokai Tokyo Financial Holdings, a Japanese financial services provider, has taken a 4.8% stake in ICHX Tech, the company that will operate the digital security trading platform, iSTOX market. https://s.nikkei.com/2KlQhSw

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  Coins News

QEDIT, a company that provides zero-knowledge proof asset transfer technology to partners, has formed an alliance with Samsung SDS, a subsidiary of the South Korean tech giant, to implement its technology into Samsung’s Nexledger blockchain. http://bit.ly/2OdewUf

Iran has offered a bounty to anyone who exposes illegal mining of cryptocurrency in the country as new regulations are announced for calculation of the price of electricity used by the miners of the digital gold. http://bit.ly/2q5JtBU

Bitcoin miner manufacturer Canaan prices IPO shares between $9 and $11 to raise $100M- CEO comments recently that: “Many people think halving is the only reason for bitcoin to pump over $100000, but I don’t think so. Halving is just a fuse as it only brings changes in supply and demand, but it doesn’t necessarily bring about a sharp rise in bitcoin prices as less support underpinned it.”. http://bit.ly/2qeKurg

MicroBT, a Shenzhen-based crypto mining chip manufacturer, is about to release its latest bitcoin mining model, M30S, which is allegedly superior over Bitmain’s S17 Pro in power consumption, according to Wu Gang, CEO of Bixin and an investor in MicroBT. http://bit.ly/2rNqCfj

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  Exchange News

Cryptocurrency exchange Bitstamp has announced its expansion into the Asia-Pacific (APAC) region abd hired Andrew Leelarthaepin, who has held roles at JPMorgan Cash and Saxo Bank. http://bit.ly/2Og7qOK

South Korean crypto exchange Coinup CEO gets 16 years in prison, after defrauding investors of $384 million and claiming to double their investments in two months. http://bit.ly/2KnWttA

Binance plans to support all 180 currencies for its direct fiat-to-crypto trading facility. http://bit.ly/2rNTV1r

Binance and HTC to launch crypto smartphones that support Binance Chain. http://bit.ly/2QgoWoO

Hong Kong-based cryptocurrency platform, Crypto.com, announced the launch of its cryptocurrency exchange. http://bit.ly/2XmJQEk

Bithumb Global will issue Bithumb Coin (BT) that can be used for Bithumb Family services launched by Bithumb’s partners including Bithumb Korea. http://bit.ly/37g8ZoK

🧳 Business
 

Banking giant HSBC will explore the use of blockchain for the issuance of fixed income securities in a joint trial with Singapore Exchange (SGX) and investment firm Temasek. http://bit.ly/2Kkkh15

The Monetary Authority of Singapore (MAS), the city-state’s central bank, has completed development of a blockchain-based cross border payments system that can support a range of currencies. http://bit.ly/2Oe0ykZ

“Run green finance on blockchain.”– says Chief FinTech Officer at the Monetary Authority of Singapore. http://bit.ly/33Jy6Ot

Custody bank Northern Trust is working with Singapore-based debt markets company BondEvalue, in providing asset servicing for large, high-grade bonds that will be tokenized and divided for retail investors on Hyperledger Sawtooth. http://bit.ly/2QgBw7z

Chinese blockchain-based data sharing platform PlatOn has announced the establishment of its global headquarters in Singapore. http://bit.ly/2KozgqT

Softbank-backed Chinese fintech OneConnect has filed for an Initial Public Offering (IPO) with the United States Securities and Exchange Commission (SEC). http://bit.ly/2Ohc53b

American logistics giant UPS has successfully delivered a blockchain-verified beef shipment from the United States to Japan. http://bit.ly/354gI7u

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