Friday News Roundup
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🌟 Top News from Tuesday to Today
TROY and BlockVC is accused of fraud; Chinese CEO urges CZ to remove listing from Binance. https://bit.ly/3cf0Odj
China’s central bank governor says there is no timetable for digital currency launch. https://bit.ly/3dbScFS
Although the schedule of the second batch of China’s digital yuan pilot is delayed, more regions in China are striving for the trial. https://bit.ly/3guNy7Z
An in-depth look at Korea’s crypto start-up house Nonce. https://bit.ly/2XEuIm1
India central bank gives green light for crypto firm bank accounts. https://bit.ly/2Ae9uU8
China has already resumed physical conferences– this time, the Hangzhou Blockchain week is back in July. https://bit.ly/2B8lCXb
💸Exchange and Markets News
Five Binance users took to the exchange’s Shanghai office—which it says doesn’t exist—to complain about FTX tokens and other issues. Binance says the protest wasn’t real. https://bit.ly/36AjNOy
🤑Investment and Funds
Tencent Holdings aims to bolster blockchain technology development across China as part of a $70 billion investment in fintech. https://bit.ly/2TPyCYp
Coinbase Ventures, Polychain Capital invest $2.5 million in Indian crypto exchange CoinDCX. https://bit.ly/2XazUPO
Hong Kong SFC-licensed blockchain and crypto-related asset manager, MaiCapital Limited, announced the launch of its second crypto-themed quantitative hedge fund, Bitcoin Investment Fund, which aims to track and potentially outperform Bitcoin’s performance in various market conditions. https://bit.ly/3cbsakT
⛏️Mining
Veteran Bitcoin miners say price drop is good for them. https://bit.ly/2TNrPyc
Bitcoin miner maker Canaan to issue $12.4 million worth of shares in employee benefit plan. https://bit.ly/3ceGtVE
Chinese Bitcoin miners: we’ll never be shorters despite the tough times. https://bit.ly/3ex4R6B
💰Coins
Band Protocol will launch its mainnet on June 10. https://bit.ly/36BYVGF
Brad Garlinghouse, the CEO of Ripple, has taken to Twitter urging U.S. regulators to get on board with cryptocurrencies, or risk losing global financial dominance to China. https://bit.ly/2ZKLHpG
🧳 Business
Gemini has become the first U.S. crypto exchange and custodian to partner with Samsung. https://bit.ly/3dn1KxC
To see Libra’s potential, look at the Philippines, not the US. https://bit.ly/2X8Jqmf
The largest commercial port operator in India has teamed with blockchain-based logistics platform TradeLens in an effort to digitize its supply chains. https://bit.ly/2X9LhHx
State-run cryptocurrency offers many opportunities. https://bit.ly/2XRFeXx
South Korea’s electronic giant LG exhibits interest in distributed ledger technology, joining the governing council of Hedera Hashgraph. https://bit.ly/2ZROZaq
IMF expert says a synthetic CBDC is gaining popularity and will drive more innovation. https://bit.ly/3eyE3mx
⚖️Regulation
China calls on Bitcoin’s heritage protection on two sessions? https://bit.ly/3evMDm2
The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law. https://bit.ly/2TNFqpl
The island province Hainan in South China released a series of policies to accelerate the blockchain industry growth, among which the leading enterprises are encouraged to construct digital assets trading platforms. https://bit.ly/2XExMi1
Reserve Bank of India: Crypto Exchanges and Traders Are Free to Use Banking Channels. https://bit.ly/2TNHhuj
China has been at the forefront of blockchain development in the past year, investing heavily in both private and government-led initiatives looking to implement the burgeoning new technology. However, if the latest proposal gets passed, blockchain development in the country could get turbocharged. https://bit.ly/2TNHzRV