Friday News Roundup

Friday News Roundup

 Top News from Tuesday to This Week

Reports from China show that Bitmain cut its AI team from 360 employees to 100. From a geographical distribution, the AI ??teams in Chengdu, Wuhan, Shanghai, and Shenzhen are “dead”.

Chinese crypto users lost a massive $20k per capita in scams last year.

China’s capital flight through cryptocurrencies trading stands at $11.4 billion in 2019, according to security firm Peckshield.

Binance CEO Changpeng Zhao: Vietnam is the Next Big Market,  Binance will host the annual Binance Blockchain Week in Ho Chi Minh, Vietnam on Feb 29-Mar 4, 2020.


  Exchange News

Singapore COSS exchange unexpectedly locks down $2 million of users funds for up to a month.

Binance Europe’s head of operations has left the exchange to go to

South Korea’s largest cryptocurrency exchange Bithumb is set to invest 10 billion won (~$8.6 million) in Busan city’s “regulation-free” zone for blockchain development.

Binance Research: Ethereum’s growth gist in 2019 has been DeFi.



Thailand-based blockchain financial platform Lightnet completed a US $ 31.2 million Series A financing led by UOB Venture. Other investors include HashKey Capital, Hanwha Investment, Seven Bank, Uni-Presiedent, Signum Capital, Du Capital. Google translate



Voice, the social media app developed by, has recruited Forbes’ global chief digital officer Salah Zalatimo as CEO.

Nervos Network has set up a $30 million public grant fund to sponsor external developers building on its blockchain infrastructure.

Ripple partners with Thailand’s Siam Commercial Bank (SCB) to create cross border payment app.

Ethereum, Tron, EOS racked up $23 billion in dapp volume in 2019.

Bitmain cancels operation partnership for its Texas mining farm.

Japanese SBI Holdings, GMO Internet set to mine Bitcoin at 300MW facility in Texas.

One of North Korea’s top hacker groups, Lazarus, is focusing on the Telegram app to snatch people’s bitcoin.

EOS-based Horseman GO game promises ‘autonomous’ economy.

? Business

Baidu is launching the public beta version of its blockchain service for businesses.

Samsung Electronics’ blockchain smartphones, such as Galaxy S10, are set to feature Elrond project’s gaming app – “Battle of Elrond.”

Chinese fintech firm Ant Financial announced a launch date for an enterprise blockchain that experts believe could pave the way to mass adoption of the technology.

European Ubisoft launches lab for blockchain and social entertainment startups.


Five Crypto Exchanges are Expected to Enter Regulatory Sandbox in Hong Kong:

China’s nationwide blockchain network, the Blockchain-based Ser­vice Net­work (BSN), will launch in April 2020, six months after it was rolled out for testing.

China’s central bank says it has completed ‘top-level’ design of digital currency. Google translate

Bank Accounts are Banned to Facilitate Cryptocurrency Trade, An Official From China’s Regulator Says.

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