GCR

🌟 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