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đ Quote of the week
âInvestors in cryptocurrencies should realise that, once the regulators start banning and inspecting these ICOs and cryptocurrency operations, they will find fraud, losses and manipulations that ultimately will lead to tears. Trust in blockchain, as in anything else, needs to be earned, not created through hype.â
-Andrew Sheng, SCMP. Sums up a lot of the regulatory happenings in Asia in the last week. The regulations arising s not a bad thing for the industry at allâŠ
đŒ Top News from this past Week
Two trends happening in exchanges right now: 1) Binance and OKEx are both piloting âmembership programsâ where members will get access to the exchangesâs management systems and backends support. 2) Exchanges like FCoin and OKEx are all releasing âtrans-fee miningâ models.
EOS freezes 27 accounts, with âlogic and reasoning to be provided later.â
đ°đ· In Korea, Bithumb lost more than $30 mn in cyber hack. After the hack, Korean Financial Services Commission is looking to define virtual currency exchange as virtual currency handling business. Previously, the govât postponed the regulation of the cryptocurrency sector because it feared consumers will acknowledge it as the govât legitimizing the crypto market.
đšđł The Chinese govât (MIIT) published an updated Crypto ranking list. EOS overtook Ethereum as 1st. NEO third and Nebulas climbed up to 6th.
đŻđ” BitFlyer halted new customer account creations as it makes efforts to improve its systems. This is after Japan slapped six exchanges with business improvement orders including BitFlyer, Quione and Bitbank.
We did a piece on Changpeng Zhao: Binance Labâs returns are not going to be as good as holding BNBÂ tokens
Global Coin Weekly â Exchange updates; EOS; China and Korea was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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