Friday News Roundup

Friday News Roundup

 Top News from Tuesday to Today

Coronavirus outbreak could accelerate China’s digital currency issuance, says former central bank president investments.

USDT Shortage in Lending Markets as Bitcoin Tops $10k; we share the state and stats on the lending markets given Bitcoin’s rise to $10k, and take a look at the lending rates vs that of perpetual swap rates on USDT on various exchange.

GCR Trend Update 2020: Crypto Trends in Vietnam (This is an ongoing GCR weekly series in where we examine the crypto trends in various Asian countries, check out our updates on Malaysia, Indonesia )

Fidelity International has invested $14 million in Hong Kong-based BC Group, the operator of crypto exchange OSL, according to filings.

One of China’s largest banks, ICBC (Industrial and Commercial Bank of China), has prepared two schemas for the central bank digital currencys dual offline payment, one adopting blockchain and the other without.


  Exchange and Markets News

OKEx Deepens Access to India with New Partnership as Market Seeks Crypto Uptake.

Many Chinese Upbit users are finding it difficult to withdraw Korean Won ever since December. Upbit has announced to its foreign users the reasons their withdrawals are still restricted on Feb. 19 in an announcement.

After the CEO announed that Fcoin may not be able to repay for its users deposits; FCoin Community Committee the possibility of debt for equity swap like the case of Bitfinex, adjusting platform fees, or run FM FJP independently to cope with its current crisis.

Bzx Flashloan: Arbitrage Logic, P&L and Sensitivity Analysis.



Crypto derivatives exchange FTX is seeking to raise $15 million in an equity round at a $1 billion valuation.

Citi has become the latest banking giant to take a stake in Contour (formerly Voltron), the blockchain-based trade finance platform which made its commercial launch last month.

Crypto derivatives exchange Deribit completes sale of 10% equity as it eyes Asian expansion.


Bitcoin mining giant Canaan joins forces with blockchain titan Northern Data on a resource collaboration.

Peter Thiel backed Bitcoin mining startup Layer1 launch several mining containers in West Texas with the goal of taking on 30% of total hashrate. Each mining container is reported to have an energy draw of 2.5 MW.



Coinbase Pro, the crypto exchange’s trading platform for experienced customers, is set to list Kyber Network’s KNC token next week.

Cosmos development company Tendermint announces restructuring.

A Korean startup called Contents Protocol that raised millions in ETH via ICO is shutting down and refunding $7.5mn back to investors.

A cryptocurrency wallet ‘Klip’ developed by Kakao Blockchain subsidiary GroundX will be released in conjunction with the secnd half this year for the first time.

? Business

2020 Crypto Insights By 20 Thought Leaders In Asia (Part 1)– Diginex, Etherscan and more

2020 Crypto Insights By 20 Thought Leaders In Asia (Part 2) – Su Zhu, Joyce Yang, Synum, Coinhako, 

A Look at Australia’s New 5-Year National Blockchain Roadmap.

The Bank of Korea is testing blockchain bonds, it has selected a provider at the end of last year and developing a blockchain bond system.

Indonesian Customs Joins IBM’s Blockchain Supply Chain Platform, Tradelens.

Global cryptocurrency bookmakers are increasingly gaining traction in the illegal betting world and pose a significant threat to racing integrity, Hong Kong Jockey Club warns.


Chinese Regulators Tracks Victims of Coronavirus with WeChat and Alipay:

The Bank for International Settlements (BIS) has appointed heads at the BIS Innovation Hub’s centers in Singapore and Switzerland.

Leave a Reply

More from GCR

Mapping the Landscape of Web3 Venture Capital


Mapping the Landscape of Web3...

(A Look Into Portfolios, Competitive Dynamics, Post-Investment Support, Fundraising Activity, and more.) In Part I, we presented a database that aims to rank the top

Mapping the Landscape of Web3 Venture Capital


Mapping the Landscape of Web3...

(A Look Into Portfolios, Competitive Dynamics, Post-Investment Support, Fundraising Activity, and more.) Part I:  Overview The web3 venture capital landscape has morphed into a complex


GCR Community Events Recap

GCR AMA: Deep Dive with Adam Struck of Struck Capital - Adam Struck is the founder of Struck Capital, an early-stage investment firm that runs