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Friday News Roundup

🌟 Top News from Tuesday to Today

Asia Blockchain Summit 2020 (ABS2020) is coming online on July 15th 2020. https://bit.ly/2UZK5Fn

Leon Li, CEO of Huobi, and the history of Huobi (Part 2). https://bit.ly/37GWnYd

Crypto.com completes key exchange infrastructure upgrades. https://prn.to/2UYvf1E

Bitcoin mining difficulty just saw the biggest increase since 2018. https://bit.ly/2NfC4HP

OMG Network, the blockchain arm of SYNQA, launched its main-net platform to transfer digital assets by providing digital financial services and scale up transfers on the ethereum network. https://bit.ly/2UTd51d

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💸Exchange News

Crypto.com enters Bitcoin derivatives market to rival OKEx, Huobi. Crypto.com’s new exchange doesn’t shift a whole lot of volume, but it still wants to play with the big dogs. https://bit.ly/30Wb606

KuCoin, an IDG-backed crypto exchange, announced a new partnership with PayMIR, a well-known fiat on-ramp service provider in Russia. The partnership will enable new and existing KuCoin users worldwide to purchase crypto with Russian Ruble (RUB) using their credit and debit cards. https://prn.to/3fNURqj

The Global Stock Exchange (GSX) Group has today announced the first step towards a major expansion of its presence in Asia with the Labuan International Business and Financial Centre (Labuan IBFC), conditionally approving the GSX Group’s license application to officially launch a bespoke digital securities exchange in the Malaysian territory. https://bit.ly/3hF1hcT

A survey by Japanese crypto exchange BitMax shows 25% of traders prefer XRP, compared to only 9% in ETH and 26% BTC. https://bit.ly/2NarPVj

See the source imageInvestment

Thailand plans to use the blockchain to raise $6.4 million. https://bit.ly/2YL2CpP

Kazakhstan is aiming to attract nearly $740 million dollars in investment through various crypto industry-related activities over the next three years. https://bit.ly/3d7F1VC 

⛏️Mining

Mudslides in Sichuan Province pose a huge threat to Bitcoin miners in the region. https://bit.ly/2NbsQg0

Crypto mining solely A financial products for Chinese individual miners in the rainy season 2020. https://bit.ly/2NbLZyq

Bitcoin mining manufacturer Canaan sees stock hit record low as their equipments becomes less profitable. https://bit.ly/37FkyX2 

BitMEX report points to more consolidation in Bitcoin ASIC mining. https://bit.ly/2Nc3sGJ

🧳 Business

Ebang International has launched a roadshow for its U.S. initial public offering that could raise as much as $126 million, becoming the second Chinese Bitcoin mining machine maker to seek a U.S. listing. https://bloom.bg/30U5q6F

China, poised to roll out its potentially game-changing digital yuan, is leading the way in development of bitcoin-like digital currencies. https://bit.ly/2AFjRRH

China uses blockchain to ease cross-border finance barriers in Greater Bay Area. Hong Kong, Macau and Guangdong have three legal and monetary systems. A new blockchain banking platform would unify the area into an economic hub. https://bit.ly/2UX6Qtl

Ethereum targets China base, resources portal now in Chinese. https://bit.ly/37HJmOa

China mulls creating an East Asia centric CBDC platform. https://bit.ly/2N935wD

Chinese Police Investigate ‘Exit Scam’ by Iranian Crypto Exchange. Reports indicate the Iranian-based crypto exchange ‘Bitisis’ is actually a Ponzi scheme that has attempted an exit scam. https://bit.ly/37GBnRj

Expert: News of Chinese banks’ Crypto crackdown greatly exaggerated. https://bit.ly/3dkcwUU

Chinese tech group behind TikTok looks to enter finance. Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance. https://bit.ly/3edt8il

Tokyo Electric Power Company Holdings Inc partnered with Itochu Corporation to start building a blockchain-based system to trade electricity surpluses. https://bit.ly/3eqX8HH

Singapore carpooling app Ryde announced the launch of its own cryptocurrency wallet which will facilitate Bitcoin payments for its service. https://bit.ly/2Nas2b3

⚖️Regulation

South Korea’s finance minister has confirmed that taxes will be imposed on cryptocurrency in the country. https://bit.ly/2Nc4u5z

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