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Tuesday News Roundup

 Top News from Friday to Today

As China takes its “Sino-chain” initiative more seriously, it censors “bitcoin” in the App Store and “coin pump” on Weibo. http://bit.ly/2OmpZkx

Several cryptocurrency and blockchain executives have had their bank accounts shut down for no particular reason, including Justin Sun. http://bit.ly/2OpfjSc

Chinese state media: over 32,000 companies in China claim to use blockchain, but less than 10% actually do. http://bit.ly/2CZWC1W

The inside story of Binance’s explosive rise to power. http://bit.ly/2rWoqlL

In case you haven’t heard, both Alibaba and Tencent now have made their respective e-wallets, Alipay and Wechat Pay, available to foreign visitors to China. Previously, foreign visitors were unable to use Alipay as access to the e-wallet required a local phone number and Chinese bank account. http://bit.ly/2QvMeqF

Alibaba Denies Lolli Bitcoin Reward App Partnership, Yet Lolli Claims They had a Contractual Agreement. http://bit.ly/2rWwV0a

China’s central bank issued an announcement on the DCEP (China’s CBDC) again, pointing out that the trading of “DC / EP” or “DCEP” in the market is fake as the system is still in the process of research and testing. http://bit.ly/2Xrn5iB

💸

  Coins News

Northern China’s Inner Mongolia Autonomous Region is tightening its grip on crypto mining companies, as it intends to dispatch inspection units to assure the “clean-up and rectification of crypto token mining companies” in the region. http://bit.ly/33V8Rc2

Supply chain sources said that Bitmain’s next-generation mining machine S19 chip has been sent to TSMC for manufacturing, Bitmain looking to take on MicroBT’s M30S. Google translate

University of Kyotois now maintaining a transaction validator for Ripple’s XRP Ledger. http://bit.ly/2NYBQpH

💸

  Exchange News

The volume ranking of virtual currency derivatives reported by CoinGecko revealed that HuobiDM exceeded the volume of major BitMEX following OKcoin, the three largest exchanges in China.

The founder of a renowned Chinese crypto exchange, MXC, has left the country, possibly because of a tightening of regulations surrounding the use of crypto in China. http://bit.ly/37bug2R

🧳 Business
 

LINE Corp., a Tokyo-based subsidiary of the South Korean internet search Naver Corp., and Yahoo Japan are expected to combine with each other to give rise to the world’s largest blockchain company. http://bit.ly/37jXLzm

Why Russian crypto companies hide their identity. http://bit.ly/2Kz3Wpu

Why the US should not try to thwart China’s blockchain and digital currency ambitions. http://bit.ly/2QwHMYM

E-tail giant Alibaba used blockchain technology to power a record-smashing $30 billion day of sales. http://bit.ly/2CV8pPm

The much-expected blockchain adoption in China would be spearheaded by governments at different levels and state-owned enterprises (SOEs) that operate under them, EY global consultancy has surmised at a recent gathering where it showcased its most recent blockchain projects as proof of concepts (PoC) or in production. http://bit.ly/32Vn0EZ

Busan Dong-gu District has signed a business agreement linking Donggu’s local digital currency eBagpay with the blockchain-based medical payment system MediNomi. http://bit.ly/2O2djQX

⚖️ Regulations

Bank of Japan (BoJ), the country’s central bank, is conducting research on digital currencies, according to an official. https://reut.rs/2Xr4u62

China’s military could implement a blockchain rewards system to manage personnel data and incentivize its workforce. http://bit.ly/2proVTQ

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