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Tuesday News Roundup

 Top News from Friday to This Week

Senior leader in China’s Internet Finance Association and Former President of Bank of China: “As China is a large country. The fiat digital currency China will issue can’t adopt a decentralized or multi-centered management mode. We should keep the current centralized management mode[…]As the current blockchain technology I just mentioned cannot meet the high concurrent demand of the retail business in the super market, we must keep the technology-neutral, not rely on a single blockchain technology[…]Alipay and WeChat payment clients are basically domestic and few overseas. At present, there are few global customers for China’s payment-related things, but Facebook dominates global customers, which is a very large advantage for them.” http://bit.ly/2FSDXXe

Rumor has it that Bitmain plans cancel its USA IPO plans. Insider tells there is investigation by American DOJ on Bitmain selling huge amount of equipment to ponzi scheme BitClub.

The Most Profitable Mining Machines Year To Date. http://bit.ly/2QWbKp7

No Crypto Exchange Will be Licensed in China, Says the Director of Finance Regulator in Beijing. http://bit.ly/380VatN

💸

  Exchange News
 

Japan wants to halve leverage cap in crypto margin trading to 2x. http://bit.ly/2R750TW

Binance has taken a 500 million won ($432,000) stake in BxB, a Korean fintech firm that launched a Korean won stablecoin last year. http://bit.ly/2QUyfKZ

 Huobi has partnered with a real estate firm in the United Arab Emirates (UAE) to allow real estate investors to pay in cryptocurrencies. http://bit.ly/2QO1LC6

🤑

Investments

Lightnet, the Bangkok-based fintech blockchain company built on Stellar, received $31.2mn Series A from UOB Venture Management, Seven Bank, Uni-President Asset Holdings, HashKey Capital, Hopeshine Ventures, Signum Capital, Du Capital and Hanwha Investment and Securities. http://bit.ly/2tUDGR1

Crypto derivatives exchange Deribit is selling 10% of its equity at 9-figure valuation. http://bit.ly/384zoFz

Japan wants to halve leverage cap in crypto margin trading to 2x. http://bit.ly/2R750TW

Binance has taken a 500 million won ($432,000) stake in BxB, a Korean fintech firm that launched a Korean won stablecoin last year. http://bit.ly/2QUyfKZ

 Huobi has partnered with a real estate firm in the United Arab Emirates (UAE) to allow real estate investors to pay in cryptocurrencies. http://bit.ly/2QO1LC6

🤑

Investments

Lightnet, the Bangkok-based fintech blockchain company built on Stellar, received $31.2mn Series A from UOB Venture Management, Seven Bank, Uni-President Asset Holdings, HashKey Capital, Hopeshine Ventures, Signum Capital, Du Capital and Hanwha Investment and Securities. http://bit.ly/2tUDGR1

Crypto derivatives exchange Deribit is selling 10% of its equity at 9-figure valuation. http://bit.ly/384zoFz

💰

Coins

Justin Sun Discloses Secret Project with BitTorrent, DLive and Samsung. http://bit.ly/2FLpgFH

The US-Iran crisis is forcing Chinese miners to decide whether to stay in Iran, or leave the country. http://bit.ly/2Nosh2H

Zilliqa and Binance entered into partnerships with the privacy-centric platform Incognito. http://bit.ly/387q6bF

Block.One released major EOS.io Blockchain Software update EOS 2.0. http://bit.ly/3a69qmW

Ripple partner MoneyGram has teamed up with EbixCash to take a leap into the India market, broadening its remittance payment services. http://bit.ly/2snONS6

🧳 Business
 

China has filed more than double the number of blockchain patents than in the US last year, but an analysis points out that relatively few of them are cited as being relevant to subsequent patent applications around the world – known as “forward citations”. http://bit.ly/2NqJfxE

Beijing’s government registers offices on ‘menu blockchain’ in streamlining bid. http://bit.ly/3a6IxiQ

Toronto-based startup Convergence.tech has successfully concluded a blockchain-based pilot to help Mongolian nomadic herders track and certify sustainable cashmere. http://bit.ly/2FO2IUI

⚖️Regulations


Digital Currency Manual for Chinese Officials in High Demand, Enters Second Printing: http://bit.ly/384QjYI

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