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Friday News Roundup

🌟 Top News from Tuesday to Today

WeChat Payment sharply decreases as a proportion in OTC transactions on cryptocurrency exchanges.https://bit.ly/3aWNF8Z                                                                                                 
BitMEX cedes bitcoin futures market dominance as Binance, Huobi, and OKEx inch ahead: BitMEX’s BTC futures daily trading volume is now less than that of Binance, OKEx, or Huobi according to data from Skew. https://bit.ly/3c99L8

Nasdaq-listed Bitcoin mining hardware maker Canaan lost $148.6M in 2019.  https://bit.ly/2RpNbk0

GCR Trend Update 2020: Crypto Trends in Japan. https://bit.ly/2JPAFpQ

2020 Q1 DApp Market Report by DAppReview. https://bit.ly/2yOEiu0

💸  Exchange and Markets News

Binance seems to be making its way back to China with all its recent moves. On March 31, Binance Academy, the exchange’s non-profit educational arm, announced it had established a blockchain research institute in Shanghai. https://bit.ly/3eb9Udl

Bitfinex ventures into staking space, offering 10% annual return on three tokens at launch. https://bit.ly/2Xo3qlq

🤑Investments

OK Group, the conglomerate behind OKEx, is investing approximately 10 million RMB ($1.4 million) into Yun Qu Technologies, a blockchain startup based in Wuhan. The company provides Chinese language crypto news website and is also developing a big data tool. https://bit.ly/2Vhtb4e

With a new institutional partner in Three Arrows Capital, BlockFi plans to open an office in Singapore to expand into Asian markets and beyond. https://bit.ly/2Rt8rW7

💰Coins

Jihan Wu on Bitcoin Cash Halving: the Key for Successful BCH Lies in Building a Booming Ecosystem. https://bit.ly/3ee09vh

2020 Market Crash shows Bitcoin will prevail over other Industries.  https://bit.ly/3e8cu3X

CasperLabs plans to launch its own PoS blockchain in collaboration with Singapore-based crypto exchange BitMax. https://bit.ly/34sjFzp

🧳 Business

Sony and other major multinationals file 212 Blockchain Patents in China in 2020. https://bit.ly/3bYxIiK

Blockchain scam raises money by pretending to be associated with the Olympics. https://bit.ly/3c3G3BN

Taiwan Approves Blockchain System to Streamline Insurance Policies, this will provide insurance companies and insurance buyers with a new level of efficiency, and potentially cost-savings in the long-run, April 9, 2020. https://bit.ly/2RoB9rc

CargoSmart, Tesla and Cosco to Pilot Blockchain Tech in Cargo Release Process: CargoSmart, the software wing of the Hong Kong-based Orient Overseas Container Line, aims to transform the cargo release process using its new blockchain application. https://bit.ly/2xfNLdl

⚖️Regulations

South Korea’s Financial Supervisory Commission, the nation’s financial watchdog, has deemed bitcoin and other cryptocurrencies to be a “high-risk asset”. https://bit.ly/2VeWg0i

Investigating Digital Assets in Japan Stymied by Nature of Crypto: According to top government officials in Japan, the current national tax system is not yet capable of accepting declarations of digital assets, potentially leading to outflows overseas. https://bit.ly/3e8rNtl

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