GCR

 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.

  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

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

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