Friday News Roundup

Friday News Roundup

Top News from Tuesday to Today

Come join Global Coin Research at Readylayer. One, along with Amber, Babel, dYdX, and dForce on May 4-6th.

A number of municipalities in China are encouraging mining during the rain season: 
1. Chinese officials from the Yaan municipality suggest very favorable tone on the local use of the local hydropower-derived electricity for cryptocurrency mining operations.

2. China’s Sichuan encourages the blockchain industry to help consume the excessive hydroelectric energy there ahead of the rainy season usually starting in May.

Everbright Securities Chief Economist said there are four risks at the Micro level of DC / EP.

GCR’s Guide book on Asia cryptocurrency and blockchain communities, titled “The Small Handbook to Asia Crypto: on Local Ecosystems, Trends and Regulations” is now on Amazon.

?  Exchange and Markets News

Binance CEO Changpeng Zhao estimates that “self-perceived competitors” are behind recent DDoS attacks on the Binance exchange.

BitMEX will soon restrict all Japan-based users from its platform as crypto law amendments go into effect.

FTX, a cryptocurrency derivatives exchange that has mainly served the Asia market, is planning to launch a spot exchange in the U.S.


Chinese tech giant Tencent has launched a blockchain accelerator, and it plans to mentor 30 companies developing blockchain-based technologies and services.

Fireblocks, a leading company securing digital asset transfers is expanding, with two offices opening in the Asia Pacific region, as monthly volumes rise to over $7 billion.

Ebang, a Chinese Bitcoin ASIC chip manufacturer, is looking to go public with new shares. The company has filed with the U.S. SEC for a $100 million IPO.


Local government sides with Bitmain co-founder Micree Zhan in a dispute over his former position.

Bitmain is said to have made over $300 million in revenue this year so far, AI business ‘grew rapidly’.


Bitcoin investors are bullishly holding onto their funds ahead of the coin’s halving, despite unprecedented volatility in an already volatile market.

Tron is extending its ecosystem partnership with Samsung Blockchain, says apps built on its blockchain will be featured in the Samsung Galaxy Store.

Top AI startup SenseTime inks deal with China’s digital currency research institute.

Bitcoin-themed manga debuts in Japan amid anime creation crisis.

Annual report from Bitcoin SV’s The Bitcoin Association, claims BSV now rivals VISA for transactions per second, and offers BSV miners “better returns” than BTC.

? Business

Blockchain analytics firm Elliptic names new CEO as it focuses on Asia expansion.

Two blockchain firms backed by Samsung and Sequoia Capital have launched a DLT consortium for the Middle East, African, and Southeast Asian regions.

Crypto Community fears North Korean BTC sell-off amid rumors of Kim Jong Un’s death.

The World Economic Forum believes DLT supply chain solutions can help reboot the global economy, launching a blockchain deployment kit.


China’s cyberspace commission has issued approvals for 224 blockchain projects, including ventures from the country’s major tech companies Alibaba, Baidu, and China Mobile.

Japan’s financial watchdog has accredited two crypto-focused associations as Certified Financial Instruments and Exchange Associations.

South Korean police trace 40 people behind crypto payments in child porn ring.

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