GCR

What Crypto insiders are reading.

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Top News in Asia from Wednesday to Friday

The South Korean financial authorities are planning to come up with a specific plan to supervise the initial coin offering industry a year after its ban. http://bit.ly/2D10OBw

Bitmain CEO Jihan Wu: the development of blockchain will focus on 8 issues in the next decade- privacy and security, blockchain neutrality, scalability and more. http://bit.ly/2CXTDdi

Vietnam commercial banks to block all virtual currency trading and transactions. http://bit.ly/2D13fnB

Alibaba’s Ant Financial launches China’s first Blockchain-based electronic medical prescription service. http://bit.ly/2CWOcvm

Wechat bans the public accounts of Delphy and Loopring tokens per cnLedger Twitter account. http://bit.ly/2xspD3t

Deals and Funds

Cocos-BCX, a China-based blockchain game development platform, raised $40 million in funding. Investors include Binance Labs, NEO Global Capital and 500 Startups. http://bit.ly/2D1eJHT

HyperChain Capital launches HyperBlocks Pro Staking Service, a new service that allows digital asset holders to easily stake their tokens and secure the network. http://bit.ly/2CY0vYj

Coin and Token News

Japan’s SBI and Ripple Asia set to launch xCurrent-powered MoneyTap mobile app. http://bit.ly/2D14mnh

Lino Network’s annual report. http://bit.ly/2CZv1B0

Exchange News

CZ announced that Binance will begin live fiat exchange beta testing in Singapore on Sept 18th. http://bit.ly/2xhM7UB

Huobi Global’s Japan subsidiary has recently acquired a majority stake in Japan’s BitTrade —
one of only 16 regulated crypto exchanges in the country. http://bit.ly/2D1jhOj

A crypto trading exchange has angered ethereans after Bitmex’s CEO, Arthur Hayes, appeared to tell his customers, under an official Bitmex account, to short eth. http://bit.ly/2D12niP

Regulation News

The Japanese Financial Services Agency to shift from Crypto broker/exchange inspection to new broker/exchange registration review. The number of dealers waiting for new registration continues to increase, currently exceeding 160 companies. http://bit.ly/2CYZzTj

A phishing scam which stole over $800,000 worth of XRP from dozens of victims in South Korea and Japan has been busted in a joint operation between the Seoul police cybercrimes division and the FBI. http://bit.ly/2CYZMWB

Business News

Samsung SDS to set up blockchain custom platform for Korea Customs Service. http://bit.ly/2D162gz