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Friday News Roundup

🌟 Top News from Tuesday to Today

Global Coin Research is teaming up with the dYdX team to offer our readers a whopping 60% off trading fees on the first launch week of their new Bitcoin Perpetual Market, with up to 10x leverage. https://bit.ly/2yMDrdN

Mapping out India’s Blockchain ecosystemhttps://bit.ly/2WtBQ5w

Chengdu will accelerate the construction of the blockchain intellectual property pledge & financing service platform, promote the establishment of digital asset trading center to further China’s digital yuan pilot. https://bit.ly/2y0ZxbU

Lubian.com, a little-known bitcoin mining pool, is now ranked the 6th largest pool on BTC.com, controlling almost 6% of the network’s computing power. https://bit.ly/2WUiFRn

Binance Freezes Funds Stolen From Upbit in Late 2019. https://bit.ly/2yPh4V4

Many ether whales might be Leaving for Bitcoin: Data. https://bit.ly/3fRy39A

💸Exchange and Markets News

Binance is cementing its presence in Indonesia, announcing an investment in a major domestic regulated exchange Tokocrypto. https://bit.ly/35Zlzbz

Recent reports show an unprecedented increase in the number of women involved in the crypto market, some exchanges see a 160% surge. For example,female crypto users in Asian countries, Indonesia demonstrated the biggest progress, with an 88.92% increase in the number of women interested in digital money https://bit.ly/2LqnNXVPlaintiffs claim they are owed $540 million in amended BitMEX investor lawsuit. https://bit.ly/2LpER0t

⛏️Mining

Government authority in China’s Sichuan province known as the world bitcoin mining capital has recently convened a seminar in a bid to encourage cryptocurrency mining operations to help consume excessive hydroelectricity and make up for the economic losses caused by the coronavirus outbreak. https://bit.ly/2LpneOj

Bitcoin miners are not likely to see capitulation and especially a “mining death spiral” after the 2020 halving due to four major reasons. https://bit.ly/2LupjZm

Bitcoin has finally gone through its much-hyped adjustment that reduced the rewards for mining blocks. With miners now receiving only 6.25 BTC per each block found, many anticipated that the event will have a detrimental effect on the network’s hashrate and spark what could very well be a fatal downward spiral for minershttps://bit.ly/3618Hl6

Multinational mining titan BHP Group expects to complete its first blockchain iron ore transaction with major Chinese steel producer Baosteel in the near future. https://bit.ly/365pAeD

💰Coins

NEAR Protocol raises $21.6M from A16Z and launches its MainNet, beating Ethereum 2.0. https://tcrn.ch/3cDVce0

Chinese industry leaders make Bitcoin price predictions after Bitcoin halving. https://bit.ly/2LFsAoR

Bitcoin has just gone through a much-hyped adjustment that reduced the rate at which new coins are created, unprofitable miners leaves, exchanges make a fortune. https://bit.ly/2LrnY5r

Bitcoins’ market dominance makes it an excellent candidate for DeFi dapps. https://bit.ly/2LoUnJY

🧳Business

The People’s Bank of China proposed a blockchain trade financing information platform for the Guangdong-Hong Kong-Macao Greater Bay Area. https://bit.ly/2Z1XWxx

A social media account for the People’s Bank of China is warning citizens against illegal fundraising schemes that involve virtual currencies and blockchain. https://bit.ly/3bD5GJi

Research fellow Martin Chorzempa argued during Consensus that China’s blockchain strategy is entirely focused on domestic objectives. https://bit.ly/3cxLlGj

Chinese companies are developing and producing more higher valued goods, even as companies are moving production out of the country due to its trade war with the U.S. and the coronavirus pandemic. https://cnb.cx/3bymNMe

Officials from the People’s Bank of China push to accelerate adoption of the country’s Fintech Development Plan. https://bit.ly/3cysafw

Abrief look into North Korea’s intranet system and how it obtained the “.kp” top-level domain. https://bit.ly/2AtxS4m

⚖️Regulation

South Korea and Singapore may have the best regulations around compliance with the Financial Action Task Force guidelines. https://bit.ly/36071Zt

Bitcoin is not protected by Chinese law, a Fujian court reportedly rules — but other Chinese courts seem to have a different view. https://bit.ly/3cwqbbz

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