Today’s Crypto News on Asia — June 6th
Japan rejects exchange for first time; China use blockchain to digitize paper checks; Kuaidi founder claims EOS a scam
If you are based in the United States or happen to be here in a few weeks, we are looking to do a Global Coin Research Meetup in New York City and San Francisco in June and July. Join us on Telegram to get details. You can also ask us questions about Asia cryptocurrency there!
Top News
After approving 16 exchanges, the Japanese regulators is reportedly set to reject a crypto exchange application for the first time. http://bit.ly/2JmbHg7
The People’s Bank of China has revealed a blockchain-powered system to digitize paper checks. http://bit.ly/2JkBRzC
“If all goes well, we may have #EOSIO #mainnet in 3 days”- EOS HK. http://bit.ly/2xMsS9c
**Chinese Media** Kuaidi (that later merged with Didi, the “Uber” of China) founder Weixin Chen claims in his WeChat group that EOS is a scam. He points to that all the BM (Bytemaster) documents show that the ICO money raised belongs to their private ownership, and that BM is not responsible for any of EOS’s activities, including interrupted development, failure to launch, etc. Google translated article here: http://bit.ly/2xNWF13
Exchange Huobi plans to build its first public and decentralized blockchain and fund it with 30 million Huobi Tokens worth about US$174 million. http://bit.ly/2xNrPG5
Coin and Exchange News
Huobi Pro is launching HT trading zone and the first 7 first trading pairs are EOS/HT, BCH/HT, XRP/HT, LTC/HT, IOST/HT, ETC/HT, DASH/HT. Zero trading fees for the trading zone from June 6 to July 6. http://bit.ly/2JjbBpb
Shift Markets to bring TRX trading into the currency markets. http://bit.ly/2xPiptC
Ontology launches Ecosystem Accelerator Program with USD $1.5bn to fund future development. http://bit.ly/2xU3T3Y
Binance has made an undisclosed investment into blockchain-based esports voting platform chiliZ.http://bit.ly/2JkUYJV
Business News
Roger Ver- “I didn’t post it or talk about it publically yet but we just had a meeting over this week; Bitcoin Cash is coming to tens of thousands of convenient stores in Japan and you’ll be able to buy anything in the entire convenient store with Bitcoin Cash which means including like paying your electric bill.” http://bit.ly/2Jmf5aw
Japanese IT giant Fujitsu has launched a blockchain-based data storage system for retail merchants to tokenize traditional promotional tools such as coupons and reward points.
http://bit.ly/2xNwfg9
A Japanese syndicate that had gathered participants for Shopin’s Token Generation Event using a hot MyEtherWallet storage wallet was hacked, resulting in a loss of more than $10 million USD. https://prn.to/2xMmEpX
Upcoming events
Binance AMA on Reddit: June 6, 5–8pm EST
EOS Jun 9: EOSHackathon in Hong Kong
Ontology Jun 29: Block Co + Conference, Tokyo
Ontology Jul 15–19: Microsoft Inspire, Las Vegas
Vechain Jul 19: Distributed 2018 Conference in San Francisco