🌟 Quote of the week “Investors in cryptocurrencies should realise that, once the regulators start banning and inspecting these ICOs and cryptocurrency operations, they will find fraud, losses and manipulations that ultimately will lead to tears. Trust in blockchain, as in anything else, needs to be earned, not created through hype.” -Andrew Sheng, . SCMP Sums up a lot of the regulatory happenings in Asia in the last week. The regulations arising s not a bad thing for the industry at all… 💼 Top News from this past Week Two trends happening in exchanges right now: 1) where members will get access to the exchanges’s management systems and backends support. 2) Exchanges like are all releasing ” models. Binance and OKEx are both piloting “membership programs” FCoin and OKEx “trans-fee mining with “logic and reasoning to be provided later.” EOS freezes 27 accounts , 🇰🇷 In Korea, Bithumb lost in cyber hack. After the hack, Korean Financial Services Commission is looking to Previously, the gov’t postponed the regulation of the cryptocurrency sector because it feared consumers will acknowledge it as the more than $30 mn define virtual currency exchange as virtual currency handling business . gov’t legitimizing the crypto market. 🇨🇳 EOS overtook Ethereum as 1st. NEO third and Nebulas climbed up to 6th. The Chinese gov’t (MIIT) published an updated Crypto ranking list . This is after with business improvement orders including BitFlyer, Quione and Bitbank. 🇯🇵 BitFlyer halted new customer account creations as it makes efforts to improve its systems. Japan slapped six exchanges We did a piece on Changpeng Zhao: Binance Lab’s returns are not going to be as good as holding BNB tokens
