🌟 Top News in Asia from this Week This week, I wrote a piece for TechCrunch highlighting and how it recorded a big loss in Q2 2018. Bitmain IPO concerns Chinese search engine and web services company which describes the development of a “Super Chain” network system. It is supposedly more efficient than a traditional blockchain in that performs with a higher degree of hardware utilization. Baidu has released the Baidu Blockchain White Paper V1.0, http://bit.ly/2NaQruy China Securities Times, the mouthpiece of Chinese financial regulators, reported that the . Bank of Communications issued a total of $1.3 billion worth of RMBSs via its proprietary blockchain network, Jucai Chain http://bit.ly/2NcCNYd Shanghai Hongkou District Court: in the general legal sense is under the protection of the laws. Ether as a property http://bit.ly/2N9YoQM Japan financial services company SBI Holdings announced it had secured a license from Japanese regulators for its joint money transfer operation with Ripple. http://bit.ly/2N90noz Central Banks Report. Cryptocurrency prices highly correlated to regulatory action: http://bit.ly/2Nb68BZ ( ) and a new Japan-focused digital coin. Japanese social messaging giant LINE has unveiled 5 new decentralized applications DApps http://bit.ly/2NaR47o 💰 Investments Datapoint- General sentiment from China is that most local funds headquartered in China have stopped their Crypto investments The Asian funds that are based in the US are still active, albeit transaction volume is light, similar to the rest of the crypto investors in the US. entirely. *China Media* a blockchain protocol that aims to form the foundation for a decentralized digital content ecosystem for an undisclosed sum. Binance Labs to invest in Contentos, http://bit.ly/2Na3b4I 💰 Coin and Token News Japanese internet services giant GMO Internet has on graphic processing units. launched a new mining software client designed for mining Zcash http://bit.ly/2N8RCLi Four early employees and two contractors have to start up StrongBlock, a new blockchain project that is currently under wraps. resigned from the Hong Kong cryptocurrency company Block.one http://bit.ly/2N8mAD TRON, which acquired BitTorrent in July for an undisclosed amount, is now to create a hybrid content sharing ecosystem which leverages cryptocurrency. seeking to use its TRX token within the platform’s user base http://bit.ly/2Nagi6b to perform identity authentication services on its distributed trust collaboration platform. Ontology is collaborating with 4Stop http://bit.ly/2N7xs4l an open source collaborative effort created to advance cross-industry blockchain technologies hosted by The Linux Foundation. Wanchain has joined Hyperledger, https://on.mktw.net/2N49iaR NEM cofounder compared his own company to Ethereum and insisted that the while admitting that if what users are looking for is funds, then they should head to Ethereum. security found in NEM is unmatched http://bit.ly/2NagBgY 💸 Exchange News Cardano (ADA) and Quantum (QTUM). Kraken listed two new cryptocurrencies on its platform- http://bit.ly/2N8S6B6 Superrich International Exchange, a popular foreign currency exchange chain in Thailand, in addition to 32 fiat currencies. has reportedly revealed a plan to begin offering travelers cryptocurrency exchange service http://bit.ly/2N9cUIz Major Indian cryptocurrency exchange . Zebpay announced it had stopped all trading due to the country’s banking ban http://bit.ly/2N8tcBr has reopened to connect with international blockchain firms, individuals, brokerage houses and funds. Huobi’s influencer collaboration program Global Elites http://bit.ly/2NawQL8 to evade US economic sanctions. It’s also alleged that the country is developing its own native crypto asset to further assist moving money across borders, according to a duo of financial intelligence analysts from Washington D.C. North Korea is reportedly ramping up the use of cryptocurrencies http://bit.ly/2N7yrl3 🎌 Regulation News How Largest Banks and Conglomerates Back Exchanges. South Korea’s Crypto Market Overview: http://bit.ly/2Nbv6Be , including Islamic finance, renewable energy, and agriculture. The Malaysian government wants to integrate blockchain technology into its most significant industries http://bit.ly/2NcEF3b Taiwan’s financial regulator, the Financial Supervisory Commission (FSC), is reportedly . considering to allow convenience stores in the country to conduct cash transactions involving cryptocurrencies http://bit.ly/2NaTanM , which will entail tokenizing voting rights and using the blockchain platform to connect the firm, registrar and transfer agents (RTA), and the regulator. The National Stock Exchange of India (NSE) is testing a blockchain http://bit.ly/2N9ctxV designed to store and process data for legal disputes. The Nanjing Arbitration Committee is testing a new blockchain platform http://bit.ly/2NbtxmQ 💼 Business News Japan`s financial services giant SBI Holdings is trialing a crypto token that can be used to make retail purchases with users’ smartphones. http://bit.ly/2N9HP7x and predicts blockchain may surpass AI in 2 years. Ant Financial launches its BaaS Platform http://bit.ly/2NcTtyu Squire, a Canada-based crypto mining firm, which raised $19.5 million in August to develop sophisticated mining equipment, has signed a deal with South Korea’s largest conglomerate Samsung to manufacture ASIC chips. http://bit.ly/2N90CQv to retain its top position in India’s server market. Technology giant Dell has outlined plans to invest in emerging tech like blockchain http://bit.ly/2NeXaE8
