Coin and Exchanges - Huobi, a major cryptocurrency exchange originally from China, is setting up shop in Brazil. - Binance’s new US $1bn fund will be denominated in Binance tokens. Investments include funds as well, which could potentially increase institutional transactions on Binance significantly. To continue to follow EOS’s launch this weekend, check out streams on and - On the way to EOS and TRON’s mainnet launches this week, EOS had vulnerabilities discovered by a Chinese security company and some Chinese media tried to undermine TRON’s CEO Justin Zhen. TRON has fallen 20% in the last 7 days. EOS still raised $4bn from year-long sale. Steemit YouTube - Korea’s Exchange Bithumb banned trading in 11 countries and is lowering withdrawal limit for accounts without real-name s. Macro and Regulation Watch We saw a number of regulatory and business developments from Korea and Japan this week, which signaled increasing maturity of those ecosystems. Chinese officials continue to push for blockchain development. 🇰🇷 South Korea has allowed s again after 8 months ban. The Grand Court also recognized Bitcoin as an and confiscated currency for the first time. domestic ICO asset, digital 🇯🇵 Japan Financial Services Agency carried out anti-money laundering on a number of digital currency companies. Also, crypto exchanges are launching. supervision 6 new 🇨🇳 Xi Jinping along with Chinese authorities continue to be bullish on blockchain. Looking to form by the end of 2018. President National Blockchain Standardization Committee 🇮🇳 Indian said to using the Petro, launched by Venezuela, to buy the nation’s crude oil. no thanks Business - Bitcoin mining company Bitmain has been under scrutiny from the POW and for its latest community mining products. Picture of the Week Chinese cryptocurrency media companies are boycotting the Boao Blockchain Conference after the organizer used a Chairman Mao impersonator to promote the event.

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Weekly Crypto Highlights in Asia | May 28th — June 1st

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Weekly Crypto Highlights in Asia | May 28th — June 1st

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