Tuesday News Roundup
Top News from Friday to Today
Steemit, now under Justin Sun, has utilized the resources of top exchanges like Huobi, Binance, and Poloniex to reverse a recent network change, prompting a community outcry. http://bit.ly/32KlGGx
Chinese Crypto and Blockchain Firms Grapple With Coronavirus Outbreak. http://bit.ly/3amQ9wW
Filecoin has delayed yet again its mainnet launch date, claiming the reason to be the coronavirus in China. http://bit.ly/32LxacT
Rakuten Group’s crypto-asset exchange “Rakuten Wallet” announced on February 2 that it will launch “Crypto Asset Margin Trading Service (Leverage Trading). Google translate
A key member of the blockchain advisory board for South Korea’s financial watchdog has said that lack of real-world usage is preventing growth in crypto. http://bit.ly/2TdQkF0
Exchange and Markets News
Binance’s new integration with Istanbul-based Akbank will allow users to seamlessly transfer Turkish lira to and from their exchange accounts. http://bit.ly/2IgQ01S
LINE Opens Cryptocurrency Exchange where Cryptocurrencies Can Be Traded with U.S. Dollars. http://bit.ly/2IcUoyO
Huobi announced Saturday its proprietary network, Huobi Chain, had been successfully deployed on its testnet. Developed in collaboration with layer-1 protocol provider Nervos, Huobi said its new blockchain will allow businesses and regulators to determine the rules of the road for the emerging DeFi space. http://bit.ly/39hY2Ua
Coinbase yet to receive an operating license in Japan but it just joined Japan’s Self-Regulatory Organization for Crypto Firms. http://bit.ly/2Tf5idK
Top Highlights on the Crypto Derivatives Markets in 2020 with FTX CEO Sam Bankman-Fried. http://bit.ly/3anORSd
Bitfinex says it has repaid Tether another $100M of outstanding loan. http://bit.ly/38hi8wu
Investments
The operator of the Swiss Stock Exchange has invested in undisclosed sum in Omniex, which develops technology and services to make it easier for financial institutions to trade cryptocurrencies. http://bit.ly/2wkkDRm
U.S. esports and gaming entertainment organization Tempo Storm secured a $3.3M USD financing round led by technology investor Galaxy Interactive through its Galaxy EOS VC Fund. http://bit.ly/39gT3Dl
⛏️Mining
Bitmain announced two new bitcoin mining models, Antminer S19 Pro and S19, which boast to offer “incredible performance”. http://bit.ly/398JTZd
Coins
The Litecoin Foundation has announced a partnership with MeconCash to roll-out Litecoin (LTC) to Korean won withdrawals and remittances from 13,000 ATMs in South Korea. http://bit.ly/2TAyj2r
Bitfinex will be removing 50 coins trading pairs this week, mostly due to low liquidity on the platform. http://bit.ly/39vvGpL
🧳 Business
Korean Naver and Kakao Are Advised to Prepare for Financial Digital War with US and China. http://bit.ly/2uKg56i
Dubai International Financial Center Signs MoU for Tech Development with Singapore’s Tribal Accelerator for Blockchain and DLT Initiatives. http://bit.ly/2Ie2tn6
⚖️Regulations
U.S. sanctions Chinese nationals accused of laundering millions in stolen crypto for North Korea-tied hackers. http://bit.ly/2TdPNmu
