Tuesday News Roundup

Tuesday News Roundup

 Top News from Friday to Today

China Central Bank Issues Consumer Protection Warning- Crypto Exchanges Wash Trade, Liquidate and Money Launder. https://bit.ly/3acJ6Hu

Chinese payment giant Alipay has published 5 patents related to CBDC (central bank digital currency) from February 21 to March 17. Alipay, a third-party payment company, will undertake four crucial functions of China’s CBDC. https://bit.ly/2vLrp2J

Amber Market Insight: When the Clockwork Symphony Stops: The view is never pretty on the front lines of a volatile economy. https://bit.ly/39kmJyF

A Global Times report, citing “industry insiders,” said the PBoC appears to have completed the development of digital currency’s basic function in collaboration with private companies.

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  Exchange and Markets News

South Korea’s two largest exchanges, UPbit and Bithumb, have seen their sales drop by 70% and 63% respectively since 2018, as the local market’s demand for cryptocurrencies has plummeted in the last 24 months. https://bit.ly/3dqBW46

Bitfinex is set to further delist 87 trading pairs due to low levels of liquidity. https://bit.ly/3dkdlOJ

The bi-annual Mt. Gox meeting will be held tomorrow. A draft document lets creditors know what will happen over the next few months. https://bit.ly/2UwyXi9

After the market crash on March 12th that caused multiple exchanges to go down, Huobi OKEx attempt to placate angry customers. https://bit.ly/3afqE0G

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Investments

India Exchange CoinDCX has raised $3 million in Series A funding, led by BitMEX operator HDR Group, Polychain Capital and Bain Capital Ventures. https://bit.ly/2J9fU87

??Mining

Bitmain revealed that its next-gen mining equipment S9 is now for sale domestically with international sales to follow soon. https://bit.ly/2vJiyP3

Ruble’s Drop Eases Pain of Lower Bitcoin Prices for Russia’s Miners. https://bit.ly/2UJaZjZ

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Coins

Bitmex research analyzes the idea of Central Bank Digital Currency (CBDC)- dividing the concept into two distinct ideas: i) Banning physical cash, and, ii) Allowing retail customers to have deposits directly with the central bank. https://bit.ly/2UzxqaY

Baidu See Increased Interest in Purchasing Bitcoin with trailing 30 days seeing a a year on year increase of 183%. https://bit.ly/3bjNLHG

? Business

China update: Weibo hack incites crypto interest; Yunnan’s state-wide official blockchain platform
exchange. https://bit.ly/2UzEFzE

The International Criminal Police Organisation (Interpol) has announced a partnership with South Korean data intelligence startup, S2W Lab, to analyze dark web activity, including cryptocurrency transactions. https://bit.ly/2QG8T38

Blockchain Salaries in China Dropped by 37% in 2019. https://bit.ly/3bmFHpD

The Japanese branch of global accountancy firm Ernst & Young, has announced plans to launch a blockchain system for tracking Japanese sake and fruit and preventing the sale of fraudulent or counterfeit products. https://bit.ly/3acFQfe

??Regulations

Police officials in India have arrested a woman who stole 64 bitcoins (worth about $430,000) from her former employer. https://bit.ly/2WxSt0m

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