Tuesday News Roundup

 Top News from Friday to Today

Markets in China have been speculating that more hedge funds will flow into the crypto market amid the coronavirus fears partially due to money will withdraw from the poor performing Chinese stock market, and also the coronavirus quarantine in the country has led to production suspend, leading to a crunch in Bitcoin supply.

Chinese Search Engine Baidu and Wechat Shows “Bitcoin” Search Surge.

Crypto WeChat crypto group have turned into “how-to-smuggle-face-masks” groups- a look inside whats happening in China in amidst of the virus.

On the first day back trading after the extended Lunar New Year holiday, investors fled Chinese stocks en masse; total Chinese stocks shed $400 billion.

Binance postpones its Blockchain week in Vietnam as Coronavirus hinders Chinese Blockchain Industry: Summits and Miner Sales are Delayed; Chinese banned from multiple countries.
China prints $174 billion to offset economic effects of coronavirus. Most recent official stats show a 2.1% death rate.


  Exchange News

Block Kong Breakfast, Sam Bankman-Fried, FTX.

Line, the Japanese social network with more than 700 million users has announced it will start trading its own digital currency in Japan from April 2020.

Go, the exchange powered by OmiseGo technology, has closed after months of negligible volumes and regulatory difficulties.

Zebpay Crypto Exchange Announces Return To India Operations Since 2018.

COSS crypto exchange says it’s been acquired by unnamed ‘investors’ while some 200,000 users are still locked out of their accounts.



Japanese financial group SBI Holdings has invested $20 million in OpenLegacy, a provider of microservice-based APIs for legacy and core systems, enabling a blockchain-based payment application in Japan and globally.



Fraudulent use of Bitmain brand by and antminersmining.com

The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry.

Hong Kong-based blockchain remittance startup Bitspark has abruptly announced its closure, citing internal restructuring issues.

EOS developer Block.One is offering $200,000 to any developer that can make it easier for Ethereum applications to run on the EOS blockchain.

Tendermint director accuses Cosmos founder Jae of “evading responsibility”.

LocalBitcoins, one of the oldest cryptocurrency exchanges out there, has reportedly begun to suspend accounts of long-term users, in countries like Iraq, Afghanistan, Pakistan, Syria, and Nigeria.

🧳 Business

Private asset trading platform  on blockchain iSTOX is set to go fully live after receiving approval from the Monetary Authority of Singapore (MAS) as a recognised market operator and a capital markets services licensee.

From Asia to Worldwide, Public Blockchains Becoming More Legitimate, Vitalik Says.


Tech Like Blockchain Will Transform Chinese Economy, China Bank Chair Says: Digital transformation is a national priority for China, and it’s being integrated into both enterprise and banks and other services industries.

1 comment on “Tuesday News Roundup

  1. Pingback: GCR Trend Update 2020- All the Relevant Blockchain Countries You Need to Know - We help you think smartly about the crypto and blockchain landscape in Asia 5-10 years out.

Leave a Reply

%d bloggers like this: