Friday News Roundup

Friday News Roundup

 Top News from Tuesday to Today

According to a new document acquired by Global Coin Research, over 420 international crypto and non-crypto companies, including Coinbase, Gemini, Binance and Bitgo are competing to acquire the Payments Services License, recently introduced by Singapore’s Monetary Authority.

Xi Jinping wants to harness blockchain for social control, but  Chinese citizens strike back by using blockchain to fight censorship with a recent interview with a doctor on the coronavirus pandemic is being shared via blockchain.

At least two major cryptocurrency exchanges – BitMEX and Gemini – briefly went out of service earlier today as volatility surges. Bitmex claims its a a hardware issue with our cloud service provider.

India Lifts Crypto Ban, South Korea Imposes New Rules And The US Remains Stagnant.

Crypto Trends in Singapore: Given the ongoing Coronavirus taking place in China and in the surrounding region, GCR gives you an update on the state of Singapore crypto and blockchain applications.

2020 Shanghai Blockchain International Week is planned to be held in Hongkou, Shanghai from September 11th to 16th.


  Exchange and Markets News

Huobi is launching a new app to rival Coinbase and Robinhood, focusing on Southeast Asian markets, underserved by Huobi’s western counterparts.

South Korean cryptocurrency exchange Bithumb announced it has partnered with crypto forensics firm Chainanylsis following the passing of new Korean crypto regulations.



Singapore-based crypto derivatives exchange Phemex has raised $3.5 million on a $50mn valuation in Series A funding, led by NGC Ventures. The exchange looks to expand into Russia, South Korea and Japan.


A sharp drop in the hash rate output of Bitmain Antminer E3 mining rigs on the Ethereum Classic network highlights that the hardware is approaching obsolescence in early April.



Aave, one of the biggest lending protocols in the Open Finance ecosystem has added support for the USDT stablecoin.

OKCoin continues to expand its fiat-to-crypto onramps by adding support of the Singapore dollar (SGD).

CTO of Tether says:  “Tether ’s US dollar reserves are basically cash and safer fixed-income investments like treasury bonds. Therefore, based on our $ 4.8 billion in reserves, an annual return of 3% -3.5% will yield an annual income of nearly 150 million US dollars.” Google Translate

Chinese analysis firms comment that Bitcoin price plunge is not attributed to PlusToken: “The moved bitcoins is still in the mixing process at present, and has not yet flowed into the market…on the contrary, the pace of mixing has slowed as a result of the recent plunge.”

? Business

Alibaba has registered a blockchain-based system patent in Brazil under the category of “insurance,” “financial business” and “monetary business”.

Over 20 banks in Chongqing, China, have used a trade finance platform powered by blockchain to process over $56 million in foreign trade transactions. It has completed a total $460 million in export trade financing after a year-long pilot program.

Securitize Using Digital Securities to Help Japan’s Real Estate, developing a blockchain-based solution to address the large number of vacant homes in the Japanese countryside.


Tokyo police arrested two men in connection to the Coincheck hack on March 11. The men are accused of purchasing stolen NEM (XEM) through a dark web market, in violation of a law designed to tackle organized crime.

Opinion: India Unbanning Crypto is the Most Bullish Factor in 2020.

Japan’s financial regulator announced the launch of its global Blockchain Governance Initiative Network (BGIN), a third initiative of its kind. The BGIN intends to foster the “sustainable development of the blockchain community.”

Beijing to Test Blockchain Platform for Fighting Fraudulent Invoices

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