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. https://bit.ly/2WdWhC3

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. https://bit.ly/2YoYP2X

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. https://bit.ly/2YjEWu8

Everbright Securities Chief Economist said there are four risks at the Micro level of DC / EP. https://bit.ly/3cZKNZG

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. https://bit.ly/2Wfyv8C

?  Exchange and Markets News
 

Binance CEO Changpeng Zhao estimates that “self-perceived competitors” are behind recent DDoS attacks on the Binance exchange. https://bit.ly/2zCq0gj

BitMEX will soon restrict all Japan-based users from its platform as crypto law amendments go into effect. https://bit.ly/2Sl9DeP

FTX, a cryptocurrency derivatives exchange that has mainly served the Asia market, is planning to launch a spot exchange in the U.S.  https://bit.ly/2KJDAB3

?Investment

Chinese tech giant Tencent has launched a blockchain accelerator, and it plans to mentor 30 companies developing blockchain-based technologies and services. https://bit.ly/2VPra0y

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. https://bit.ly/2Ynnjto

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. https://bit.ly/3d3RsCg

??Mining

Local government sides with Bitmain co-founder Micree Zhan in a dispute over his former position. https://bit.ly/2KJkXNs

Bitmain is said to have made over $300 million in revenue this year so far, AI business ‘grew rapidly’. https://bit.ly/2VPJarD

?Coins

Bitcoin investors are bullishly holding onto their funds ahead of the coin’s halving, despite unprecedented volatility in an already volatile market. https://bit.ly/2Ykcl81

Tron is extending its ecosystem partnership with Samsung Blockchain, says apps built on its blockchain will be featured in the Samsung Galaxy Store. https://bit.ly/2yTKXDc

Top AI startup SenseTime inks deal with China’s digital currency research institute. https://bit.ly/2VShP8p

Bitcoin-themed manga debuts in Japan amid anime creation crisis. https://bit.ly/3f3tQiN

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. https://bit.ly/3aQwQvQ

? Business

Blockchain analytics firm Elliptic names new CEO as it focuses on Asia expansion. https://bit.ly/2xqEKhM

Two blockchain firms backed by Samsung and Sequoia Capital have launched a DLT consortium for the Middle East, African, and Southeast Asian regions. https://bit.ly/3eZf7W6

Crypto Community fears North Korean BTC sell-off amid rumors of Kim Jong Un’s death. https://bit.ly/2KPzCa6

The World Economic Forum believes DLT supply chain solutions can help reboot the global economy, launching a blockchain deployment kit. https://bit.ly/2KMivWx

??Regulation

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. https://bit.ly/2zDB7pg

Japan’s financial watchdog has accredited two crypto-focused associations as Certified Financial Instruments and Exchange Associations. https://bit.ly/2zL9KKa

South Korean police trace 40 people behind crypto payments in child porn ring. https://bit.ly/3f3ukFD

Leave a Reply

More from GCR

Announcement

GCR Community Events Recap

GCR IRL Engagement @CONSENSUS 2022 HAPPY HOUR @NFT.NYC 2022 Event ________________________________________________________________________________________________________________ GCR AMA Deep Dive call with Andrew Woodruff, Triforce - the Co-Founder of Triforce

What are blockchain bridges, and why do need them?

Featured

What are Blockchain Bridges, and...

When trying to understand blockchain technology and DeFi, the financial and technical jargon can get overwhelming. However, if we break things down into smaller pieces,

Featured

How Should Governments React to...

Note: This is Part 2 of a 2 part series that looks at why governments should care about new technologies like DAOs, and how those