Singapore help crypto firms w/ local bank accounts; 74% hashrt controlled by Chinese pools; Japan corp launches stablecoin What Crypto insiders are reading on Asia. Top News in Asia from Monday to Wednesday An interesting whitepaper published by Princeton/Florida researchers points that . 74% of the hashrate on the Bitcoin network is in Chinese-managed mining pools http://bit.ly/2yt8bMx in order to better guide the development of the blockchain industry in China: China’s government-backed organization is working to release three blockchain standards on smart contracts, privacy and deposits, http://bit.ly/2ytrxBk Japan’s GMO Internet Group to launch yen-pegged stablecoin in 2019 to target international remittances: http://bit.ly/2C7msC7 Korea messaging giant Kakao Corp releases blockchain platform testnet ahead of Q1 2019 launch: http://bit.ly/2ywTZ56 and , sending all of them crashing: Binance to delist Bytecoin, CHAT, Iconomi TRIG http://bit.ly/2yvHdDZ but doesn’t plan to loosen its rules to lure more crypto startups to the country: Singapore’s financial regulator is willing to lend a hand to cryptocurrency firms having problems setting up local bank accounts, http://bit.ly/2yt5EC1 India government- “ and crypto-token”. we are evaluating the government-backed cryptocurrency http://bit.ly/2yvKseD Deals and Funds Dragonfly Capital Partners is a new $100 million VC fund looking to help crypto start-up’s bridge China and Silicon Valley: http://bit.ly/2ybPYUy specific amount not disclosed: Binance Labs invests millions in blockchain auditing platform CertiK, http://bit.ly/2yxsDvB to advance developers building privacy-first applications: a16zcrypto, Accel, Binance Labs, Pantera Capital and Polychain Capital join Oasis in launching the Oasis Startup Hub http://bit.ly/2yt8W8k Coin and Token News by forming a partnership with leading e-commerce platforms in Asia to leverage on the platforms’ large and ever-growing transaction volume: Terra aims to push for greater use of stablecoins through e-commerce http://bit.ly/2ypOkOi being adopted as the official currency of the Tokyo 2020 Olympic Games. XRP could be the first in the cryptocurrency history http://bit.ly/2yqZeU0 . How its 22yo CEO runs it: Republic Protocol held a $34m ICO http://bit.ly/2yrYJZZ for private testing: DAG-based distributed ledger Perlin has made its testnet alpha available http://bit.ly/2yt3xOB Pundi X, which develops blockchain-based payment devices, have created the world’s first blockchain-based mobile phone called ‘XPhone’. http://bit.ly/2ywYBbq Exchange News Digibyte founder Jared Tate lashes out at Binance’s listing fees: http://bit.ly/2OUajae wallet: Bitfinex now has the second-richest tether http://bit.ly/2ydPOvQ called EurekaPro is set to launch in Singapore: First fiat-to-cryptocurrency exchange http://bit.ly/2ILhgoI South Korean National Police Agency has produced a report of all hacking incidents in last 3 years; a total of 7 crypto exchanges and 158 wallets hacked: http://bit.ly/2yqKkgD Regulation News to cover cryptocurrencies: Taiwan lawmaker has proposed an amendment to the nation’s Money Laundering Control Act http://bit.ly/2C6nj5W Thailand to study blockchain for applications in intellectual property and trade finance: http://bit.ly/2IOne8j : China man gets 3.5 years in jail for stealing train power to mine Bitcoin http://bit.ly/2ywK53o Business News China’s Hainan Province became the host of the country’s “first” officially licensed “‘blockchain pilot zone”: http://bit.ly/2QFdTSX of compromised routers in India doubled, reaching almost 30,000: Number http://bit.ly/2OfdsCj Korean food giant Nongshim’s subsidiary taps block chain for end-to-end traceability of beef: http://bit.ly/2C9hp4d In case you missed it Our New Podcast with Jason Fang from Sora Ventures is Out! In this new episode, Joyce Yang from Global Coin Research is joined by , Managing Partner at , an Asia-based venture capital firm focused on blockchain and crypto investments. The mission of the fund to invest in entrepreneurs who can make positive changes in our world using blockchain technology. Their investments include Thunder, Urbit, Mithril, Alphaslot and more. Jason Fang Sora Ventures Additionally, the will be taken place in Macau on Nov 13–14th. Listen to Jason in the podcast at 28:41on why the Summit will be taken place in Macau and checkout the great line-up of speakers and attendees. Sora Summit Use Discount Code SORAMEDIA2018 to get 80% off Jason was one of the earliest employees at Fenbushi Capital and started Sora Ventures when Mainland China banned ICOs in 2017. When I initially spoke to Jason, I’ve found him to be very thoughtful and his investing approach to be very unique amongst crypto investors that I’ve met. In our conversation, we talk about how Sora invests in crypto projects, Jason’s outlook for the crypto space, and his perspectives on crypto developments in the East and the West. Time and Topics discussed in Our Interview 1:24- Introduction to Jason, Sora Venture, and his background3:59- how did Sora Ventures get started after China banned ICOs6:09- why Sora doesn’t invest in Chinese projects despite being headquartered in Shanghai, China7:55- how Sora think about investing in the blockchain and crypto space19:46- why do you like the reverse-ICOs model?21:34- metrics to benchmark the success of reverse-ICOs22:54- is the blockchain space between Asia and the West going to merge?28:41- Checkout the upcoming on Nov 13–14th, use to get 80% off to tickets33:06- Current fund environment in Asia and how many funds have stopped investing in crypto34:47- Where do you see the winners coming out of in Crypto?35:20- Practical approaches to thoughtful investing Sora Summit SORAMEDIA2018 You can also read Jason’s thoughts on his medium articles here, in where he lays out Sora’s investment thesis and his outlook on Asia: Sora Ventures’ Philosophy to Blockchain Investments Understanding Chinese Crypto Investors Subscribe
