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Friday's blockchain news, from Asia and beyond

Chinese miners listen to the canary in the coin mine: A video posted on Reddit, which shows a small mountain of decaying Bitcoin mining hardware, seems to summarize the industry right now. China has a large mining community, but with the cost of rising operations and the price of falling Bitcoin, it is said that the increase in the number of miners is abandoning it. Despite the recent price fluctuations, much of this is related to the high cost of electricity and even to operators in far away places, such as Xinjiang and Inner Mongolia, where power was cheap, they say that now stop working.

Singapore hosts the first Bitcoin trial: A court drama – of this kind – is underway in the City of Lion as an encrypted "liquidity provider" B2C2 is suing the exchange operator Bitcoin Quoine for a "unilateral inversion" of seven operations on its platform. B2C2 is looking for 3,085 Bitcoins from Quoine which, even in this market, is worth more than US $ 14 million. The original trade was made in April of last year when B2C2 ordered to exchange Ethereum for Bitcoin on the Quoine exchange platform. B2C2 claims that the Bitcoins were credited to his account that day, but the trade was canceled the next day by Quoine, which in turn would have deducted commercial proceeds.

The University of Tokyo launches the blockchain course: The University of Tokyo is launching a blockchain course in collaboration with the Japanese banking giant Sumitomo Mitsui (SMBC) and the Ethereum Foundation. SMBC and Ethereum, together with other Japanese corporate sponsors, have donated US $ 800,000 to the University's engineering graduate school to finance the course which will last until October 2021.

Temasek's "experimental pods" to study blockchain and AI: Temasek, the investment giant supported by the state of Singapore, is launching a series of initiatives that will explore artificial intelligence and blockchain. Temasek will create a number of so-called "experimental pod" working groups that will explore long-term opportunities in the sectors and has recently invested in London's Eigen Technologies, which "automates data extraction", along with R3, a US-led research and development consortium comprised of over 200 global banks and finance companies.

European blockchain association to start next year: A new blockchain association is forming between the major European banks and the European Commission, the executive organ of the EU. BBVA and Banco Santander are among the main institutions that take part in the initiative of the European Blockchain Association which will focus on best practices and blockchain standards, on data protection and privacy management.

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