🌟 Top News from Tuesday to Today
Current mining situation in amidst Coronavirus: Bitcoin miners may be entering unique territory as profit margins increase while cost of production remains relatively unchanged. High demand for mining rigs cannot be met due to major Bitcoin manufacturers ceasing operations as a result of the Coronavirus outbreak. http://bit.ly/3bCf8xE
IOTA Foundation pauses network, says between $300K and $1.2M worth of tokens stolen from users of Trinity wallet.
Previously Much-Hyped FCoin Exchange Now Having Extended “Maintenance” Post Token Destruction
OKEx, ZB Exchange Announced the Destruction of Their Platform Tokens on Same Day, Coins Rise over 23% on Average in 24 hours
GCR Trend Update 2020: Crypto Trends in Malaysia (This is an ongoing premium GCR weekly series in where we examine the crypto trends in various Asian countries)
Search Index Pulse: Bitcoin returns above $ 10,000, WeChat index rises 62.46% month-on-month
Exchange and Markets News
Binance is experiencing platform hiccups amid high traffic volume.
Huobi Argentina users can now buy Bitcoin, Tether with pesos. http://bit.ly/2SJBrsr
South Korean Internet giant Kakao announced that Huobi joins Klaytn’s Global Blockchain Governance Council. https://prn.to/39zaHSa
South Korean cryptocurrency exchange Coinone announced on that it launched daily staking of Luna coins. Earlier, Coinone launched the same service for Atom coins in November last year. http://bit.ly/2SrtPvZ
Investments
Amber Group Raises $28mm Series A from Paradigm, Pantera, Polychain, Dragonfly. http://bit.ly/2SKQzpx
⛏️Mining
Grayscale Investments founder Barry Silbert said in an online interview is that a lot of Bitcoin mining activity is trying relocating outside China to North America. http://bit.ly/2SLlNNe
Chinese Group Looking to Buy One of Latin America’s Largest Bitcoin Mines: http://bit.ly/39EA5Gx
SBI Crypto, a wholly-owned subsidiary of Japanese financial services company SBI Holdings announced a plans to be one of the first companies housed at the enormous Bitcoin mining farm in Texas. https://bwnews.pr/3bDyi6g
Central Asia like Kazakhstan Might be the Next Hotbed for Chinese Bitcoin Miners Heading Overseas. http://bit.ly/2SDApye
Whatsminer director: Mining machine production has resumed and some logistics issues have been fixed. Google translate
Cryptocurrency miner manufacturer Canaan’s stock price surged by more than 80% on Wednesday, closing at $8.04 per share, but by today, it has fallen significantly. http://bit.ly/37pTklB
Coins
Inside Pundi X’s troubled plan to take Bitcoin mainstream. http://bit.ly/3bIatuf
Nervos announces first recipients of $30 million grant: Summa, a small blockchain company based in San Francisco, will get $75,000 to build a set of open-source libraries that’ll make Nervos interoperable with the Bitcoin network; Obsidian Labs, also based in San Francisco, $180,000 to develop a graphic IDE for developers building on Nervos. http://bit.ly/2vrfdUm
Chainalysis launches AML solution for Tether. http://bit.ly/2Smzmnw
OKEX pool interviewed the EOS Voice team and here’s the transcript; Today EOS Voice released its first beta. http://bit.ly/38ojQwN
PlusToken Scam Moves $123M in Bitcoin Just as BTC Price Regains $10K: http://bit.ly/37sJ7oe
🧳 Business
Samsung’s new Galaxy S20 will have a cryptocurrency wallet. http://bit.ly/31SHu2k
Why Security Token Offerings Are a Big Yawn in Parts of Asia. https://yhoo.it/2tYwhRc
Japan’s largest home furnishing chain, NITORI, plans to apply blockchain to the company’s logistics system. http://bit.ly/2SLlnXa
⚖️Regulations
The Korean financial services commission and the Seoul metropolitan government have announced plans to invest $16 million in training digital finance experts for four years on Feb. 12. The application period to win the grant is March 4-6. http://bit.ly/2w9rtJg
The Chinese government has filed 84 patents for its upcoming digital currency, according to a new report by the Chamber of Digital Commerce.
North Korea’s internet use saw a 300% surge over the past three years, as the country’s regime has continued to rely on cryptocurrencies for various activities. http://bit.ly/2HlJlDl
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