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Friday News Roundup

🌟 Top News from Tuesday to Today

Insight: why crypto mining becomes a new trend in western China? https://bit.ly/2U9nHc9

Amber group:‌ ‌global‌ ‌macro‌ ‌tailwinds‌ ‌for‌ ‌Bitcoin‌. https://bit.ly/2Xvq76U

Unpublished preliminary scores from Crypto Rating Council found Tron’s TRX, Polkadot’s DOT could face a higher chance of being deemed securities. https://bit.ly/3dzNP7x

Bitmain co-founder storms China office with a dozen security guards.https://bit.ly/3duAUUu

Crypto exchange Coincheck says it suffered a data breach, which may have exposed some users’ personal information. https://bit.ly/2XxIzM9

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💸Exchange and Market News

P2P crypto exchange LocalBitcoins receives most criminal funds, with the largest contributor to this high number is a billion-dollar Ponzi scheme by Wotoken in China. https://bit.ly/2MsnBIl 

An amended lawsuit filed against Bitfinex and Tether for allegedly manipulating the crypto market, Bittrex and Poloniex added as new defendants. https://bit.ly/2z1C1Mo

Who’s behind this? Series #21: Max Boonen, Co-Founder and CEO of B2C2 – the #1 liquidity provider in Japan. https://bit.ly/2XxAHdO

The Singapore-based crypto exchange is launching interest rate swaps that allow traders to speculate on the rates themselves. https://bit.ly/2MGtthr

OK Group launches OK Recruit, a blockchain talent development scheme and set up a special fund for blockchain personnel training, https://prn.to/2U9Nv8a

Binance Korea will be using an Anti-Money Laundering solution developed by Coinfirm, as the country requires a high level of regulatory compliance for crypto. https://bit.ly/3cA5fjf

🤑Investments

Japan-based financial technology developer LayerX raises US$28 million. https://bit.ly/2XCBSJ3

Crypto-based restaurant review platform SynchroLife raises $2.6 million Series A. https://bit.ly/3cxGwvR

Semiconductor Manufacturing International Corporation (SMIC), one of the largest computing chip producers in China, plans to raise $2.8 billion through an initial public offering on the Sci-Tech Board of the Shanghai Stock Exchange (SSE). https://bit.ly/2z3Koar

China’s chip-making giant SMIC, which recently partnered with bitcoin miner maker Canaan, files for $2.8 billion IPO. https://bit.ly/2z1Acz1

⛏️Mining

Chinese Bitcoin miners southward migration for affordable hydropower after halving 2020. https://bit.ly/2Y0EEGP

Transition from POW to POS for Chinese miners may be a good choice as policies tighten. https://bit.ly/3eQL81P

Chinese crypto miner maker Canaan launches two new mining machines: Avalon 1146Pro and Avalon 1166. The power consumption of these two mining machines is 40% higher than that of the Whatsminer’s M30S + + which has the smallest power consumption on the market, but the former’s computing power is less than one-third of the latter. https://bit.ly/3gMLeJw

💰Coins 

Bleak outlook for the Chinese Yuan could be bullish for Bitcoin. https://bit.ly/2UbhSef

Pornhub adds Tether to its payment options via TRON wallet. https://bit.ly/3cy5afY

🧳 Business

More blockchain companies set up shop in Hong Kong in 2019 than firms from any other fintech sub-sector, according to a report from the region’s Financial Services and the Treasury Burea. https://bit.ly/3eSwYxk

Japan’s three megabanks look to link their digital currencies to East Japan Railway’s popular Suica smart transit card, hoping to expand their customer bases by improving convenience.. https://bit.ly/3cryC7m

Licensed Malaysian crypto exchange Tokenize integrated an external market surveillance system. https://bit.ly/2XuBHz8

Tencent Cloud — Tencent’s cloud computing arm — is forming a blockchain alliance to further the industrial implementation of the technology. https://bit.ly/306O4TJ

The Chinese province of Yunnan will track their tea supply chain using blockchain technology, track $2.5B worth of tea products. https://bit.ly/3dEC540

⚖️Regulation

As China bids to make the island province of Hainan into a giant free trade zone on par with Hong Kong, plans include a big bet on blockchain, according to recently released documents. https://bit.ly/3gPaA9T

Japan Finance Minister Taro Aso suggested he was unwilling to push for lowering the tax rate on cryptocurrencies in Japan to a flat 20% because it’s difficult for many households to invest in digital assets.. https://bit.ly/3dtvd9k

A Seoul court granted the petition demanded by the prosecutors to freeze crypto wallets owned by the head of the Nth Room case. https://bit.ly/3dA24Jx

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