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Tuesday News Roundup

 Top News from Friday to Today


Bitcoin’s Sharp Price Drop May Have Been Prompted by $120M PlusToken Scam Sell-off. http://bit.ly/38Di8qT

Micree Ketuan Zhan, the co-founder of leading mining hardware producer Bitmain launched another lawsuit in an attempt to regain his position as the CEO of the firm. http://bit.ly/38G9Eiu

Is a mining catastrophe around the corner? http://bit.ly/38AubFh | Others think differently on Twitter 

Alipay is stepping up competition with Wechat by coming up with mini programs for SMBs such as identity verification system, a live-stream of the auction in real-time and a private blockchain for notary. http://bit.ly/2IAGA1s

💸

  Exchange and Markets News

South Korean crypto law could let UPbit serve new customers again for the first time in two years. http://bit.ly/38DRuhm

Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, has given the green light to crypto exchange provider Zipmex. Registration is required now for exchanges in Indonesia as as of February 2020. http://bit.ly/39IhKbK

🤑

Investments

First Digital Trust, the crypto custody firm spun out from Hong Kong-based financial custodian Legacy Trust, has raisedhas raised US$3 million in funding from venture studio Nogle from Taiwan. http://bit.ly/2TC0U8R

⛏️Mining

Bitcoin hash rate estimates reach all-time highs as several major Bitcoin ASIC manufacturers announce new generations of mining rigs. http://bit.ly/2TGrCMs

💰

Coins

On Steemit Debacle: CEO of Binance said in an interview that Tron CEO Justin Sun should have polled the community before making a move on Steemit; now publishes apology letter to Steemit Community and says it has ‘unvoted’. http://bit.ly/38ALQN3

Securitize joins forces with Tokyo-based LIFULL to create a funding platform using digital securities to invest in real estate. http://bit.ly/39HAd8C

🧳 Business

The People’s Bank of China (PBoC) has secured 32.35 million yuan (~$4.7 million) in special funding for further developing its blockchain trade finance platform. http://bit.ly/38BsJCv

⚖️Regulations


Beijing to Test Blockchain Platform for Fighting Fraudulent Invoices. http://bit.ly/39GumA7

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