Hong Kong High Court rules in favor of Zhao Changpeng; the dispute was over an exclusivity agreement between Zhao and a Chinese VC group known as ”Sequoia Capital China”; however, the court found that the agreement was deemed unlawful and not possible to enforce; SCC has now been ordered to pay all of Zhao’s legal costs - Link
US Securities and Exchange Committee Chairman Chairman Jay Clayton tells the House Appropriations Committee Bitcoin is not a security; more accurately, he said that cryptocurrencies which function exclusively as mediums of exchange should not be seen as securities; this is in contrast to ICO tokens - Link
The Ethereum-based Swarm POC3 staging cluster is now open to testers; Swarm is a distributed storage platform and content distribution service; it intends to provide a decentralized store of Ethereum's public record; however, WIP alert applies to the software - Link
US state of North Carolina issues a cease and desist order to a company reportedly engaging in cryptocurrency mining; this comes following an initial cease and desist order two months ago; the firm affected is known as ”Power Mining Pool” and operates several mining rigs - Link
Binance signs agreement with Bermudas government; the agreement, a memorandum of understanding, establishes funding for educational programs related to blockchain; moreover, it will add at least 40 jobs through a ”global compliance base” in Bermuda; the entire agreement is reportedly worth $15M - Link
Taiwan’s government looks to implement cryptocurrency regulations this year; this came from Taiwan’s Minister of Justice, who spoke at an anti-money launder conference; the regulatory framework will prevent cryptocurrency money laundering and should be introduced by November - Link