Bithumb appears to have acquired Bitholic as they attempt to gain a foothold in the burgeoning Singaporean crypto market- reports are a name change is imminent. It is looking tough for Hong Kong to court any newcomers to set up shop in as a result of the increasingly militant crackdown against the protestors. The airport has officially been taken over and all outbound flights suspended for the day.
You can see why… Chatter of Chinese military prepared to charge south to take control dovetails with reports of some pretty brutal scenes on the ground.
Not quite like the volume spike we saw in the African and South American countries bogged down by political strife but hey, never say never.
Authorities in the Czech Republic are guiding OTT requirements for crypto companies and the next-SWIFT project spearheaded by Japan (and endorsed by circa fifteen countries) is looking to “collect and share personal data on individuals who conduct cryptocurrency transactions. The goal is to prevent funds from being laundered, going to terrorist organizations or otherwise being put to illicit use.”
Unsure whether China has signed on to the project but Bloomberg now on the horn about the PRC government’s CBDC project, confirmed by Ma Changchun deputy director of the PBOC’s payments department that a launch is “close to being out.” Curious to see if this will inspire other countries to follow suit and in this case, whether the central banks of the respective countries still pigheadedly keep foreign reserves in non-crypto i.e. fiat and government debt?
Americans again get the short end of the stick as Binance decides to pull out of the US entirely and replace it with Binance USA. However, not sure if all the users will get on board as one of the biggest advantages the platform had was the sheer variety of coins available (over 100 coins listed), yet the US platform will only support maximum 30 coins.
- CFTCs Division of Market Oversight Amir Zaidi to resign in coming weeks
- Dürr: German engineering firm secures $750mn via blockchain-based syndicated loan platform.
- Overstock (OSTK US) +18.3% tZERO security token market open to retail investors today as one-year lockup expires with shareholder airdrops expected over the next 2 months.
- Tron ($TRX) +0.9% releases layer two solution: Sun Network
May the trend be your friend… Happy Trading!
