Binance Announces New Stablecoin Venus

This article was originally published by 8btc and written by Lylian Teng. One of the world’s largest cryptocurrency exchanges, Binance, has announced a plan to launch an open blockchain project called “Venus,” an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published on August…

Crypto Exchange CGEX Will Shut Down in September

CGEX, the Malta-based crypto exchange opened by South Korean Coinone, will shutter its services next month. The exchange posted a termination notice late last week, saying that it would terminate all of its services on September 18, 2019. Coinone established CGEX in October 2018, as a crypto-to-crypto exchange that connects and shares the order book…

Major Flooding Disrupts Chinese Hydro Power, Bitcoin Mining

Waves of heavy rainfall in China’s Sichuan province have caused major flooding, significantly affecting bitcoin mining operations that leverage hydroelectric power in the area. The Chinese government acknowledged the rampant flooding in the areas surrounding Sichuan’s various rivers, which has caused several deaths and injuries. State-run media outlet China Daily reported that the infrastructure damage…