Tuesday News Roundup

 Top News from Friday to Today

China Central Bank Issues Consumer Protection Warning- Crypto Exchanges Wash Trade, Liquidate and Money Launder.

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.

Amber Market Insight: When the Clockwork Symphony Stops: The view is never pretty on the front lines of a volatile economy.

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.


  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.

Bitfinex is set to further delist 87 trading pairs due to low levels of liquidity.

The bi-annual Mt. Gox meeting will be held tomorrow. A draft document lets creditors know what will happen over the next few months.

After the market crash on March 12th that caused multiple exchanges to go down, Huobi OKEx attempt to placate angry customers.



India Exchange CoinDCX has raised $3 million in Series A funding, led by BitMEX operator HDR Group, Polychain Capital and Bain Capital Ventures.


Bitmain revealed that its next-gen mining equipment S9 is now for sale domestically with international sales to follow soon.

Ruble’s Drop Eases Pain of Lower Bitcoin Prices for Russia’s Miners.



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.

Baidu See Increased Interest in Purchasing Bitcoin with trailing 30 days seeing a a year on year increase of 183%.

🧳 Business

China update: Weibo hack incites crypto interest; Yunnan’s state-wide official blockchain platform

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.

Blockchain Salaries in China Dropped by 37% in 2019.

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.


Police officials in India have arrested a woman who stole 64 bitcoins (worth about $430,000) from her former employer.

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