<![CDATA[<figure class="image"><img src="https://cimg.co/news/123733/327106/adobestock-emre-akkoyun-1.jpeg" alt="" srcset="https://cimg.co/news/123733/327106/responsive-images/adobestock-emre-akkoyun-1___media_library_original_5184_3456.jpeg 5184w, https://cimg.co/news/123733/327106/responsive-images/adobestock-emre-akkoyun-1___media_library_original_1200_800.jpeg 1200w, https://cimg.co/news/123733/327106/responsive-images/adobestock-emre-akkoyun-1___media_library_original_900_600.jpeg 900w, https://cimg.co/news/123733/327106/responsive-images/adobestock-emre-akkoyun-1___media_library_original_720_480.jpeg 720w, https://cimg.co/news/123733/327106/responsive-images/adobestock-emre-akkoyun-1___media_library_original_600_400.jpeg 600w, https://cimg.co/news/123733/327106/responsive-images/adobestock-emre-akkoyun-1___media_library_original_300_200.jpeg 300w" sizes="100vw" width="5184" class="content-img"><figcaption>Source: AdobeStock / Emre Akkoyun</figcaption></figure><p><i>Get your daily, bite-sized digest of cryptoasset and blockchain-related news &ndash; investigating the stories flying under the radar of today&rsquo;s crypto news.</i><br>__________</p><h2 style="text-align:justify;" id="exchange-news">Exchange news</h2><ul><li><a href="https://cryptonews.com/news/binance-officially-enters-japanese-crypto-market-with-binance-japan-exchange.htm"><strong>Binance Japan</strong></a> said that it aims to offer at least 100 tokens on its platform in the short term, which is about three times the current offering, <a href="https://www.bloomberg.co.jp/news/articles/2023-08-30/S06NY5T1UM0W01">according</a> to Bloomberg. It currently lists 34 tokens.</li><li>Asia-based crypto exchange <a href="https://cryptonews.com/news/crypto-platform-hashkey-becomes-first-licensed-exchange-hong-kong-offer-retail-services.htm"><strong>HashKey</strong></a> partnered with crypto wallet provider <strong>imToken</strong> &ldquo;to merge the &ldquo;trusted&rdquo; and &ldquo;trustless&rdquo; elements of the Web2 and Web3 realms within the virtual asset landscape,&rdquo; the press release <a href="https://support.token.im/hc/en-us/articles/22319081725721-HashKey-Exchange-and-imToken-Form-Strategic-Partnership-to-Bridge-Trusted-and-Trustless-Services-in-the-Web3-Ecosystem#:~:text=%5BHongKong%2C%2028%20August%202023%5D,within%20the%20virtual%20asset%20landscape.">said</a>. imToken will be appointed as the official non-custodial <a href="https://cryptonews.com/tags/wallet/">wallet</a> partner for HashKey Exchange, catering to users who seek self-managed digital assets, it said and added: &ldquo;As one of the first recipients of the virtual asset license from the Hong Kong <strong>SFC</strong>, HashKey Exchange will offer imToken users a trusted platform to trade virtual assets where direct bank transfers for fiat on and off ramp are supported.&rdquo;</li><li><a href="https://cryptonews.com/news/nigerias-national-youth-scheme-to-issue-blockchain-based-certificates-to-citizens.htm">Nigerian</a> crypto exchange <strong>Patricia</strong> released a white paper &ldquo;designed to offer our users a clear understanding of <strong>Patricia Token</strong>,&rdquo; which was looked at with some suspicion upon its recent release. <a href="https://mypatricia.co/resources/blog/patricia-token-white-paper">According</a> to the white paper, Patricia Token is not a stablecoin, but &ldquo;a debt management token,&rdquo; which &ldquo;symbolizes a promise&rdquo; by <strong>Patricia Technologies</strong> to pay holders <a href="https://cryptonews.com/news/tether-reserves-report-usdt-maintains-dominance-with-861-billion-total-assets-over-100-reserve-backed.htm">USDT</a> 1 for each Patricia Token in the future, &ldquo;thereby ensuring asset recovery and addressing the impact of the security breach.&rdquo; The Token is not on-chain, it added. Instead, it is an internal token used to represent debt, managed by Patricia, while the balance will mirror the dollar value of the converted assets.</li></ul><h2 id="politics-news">Politics news</h2><ul><li><a href="https://cryptonews.com/news/south-korean-crypto-exchanges-mandated-maintain-reserve-funds-of-23-million.htm">South Korean</a> parliamentary ethics subcommittee voted down a motion to expel former member of the main opposition Democratic Party (DP) <a href="https://cryptonews.com/news/south-korean-assembly-member-under-fire-for-alleged-crypto-insider-trading.htm">Kim Nam-kuk</a>, Yonhap&nbsp;<a href="https://en.yna.co.kr/view/AEN20230830002852315?section=national/politics">reported</a>. A majority of votes was needed for the motion to be passed, but the ruling People Power Party (PPP) and the DP were divided evenly over the motion in a 3-3 vote. Kim <a href="https://cryptonews.com/news/south-korean-lawmakers-must-declare-crypto-holdings-coin-gate-fallout-continues.htm">found himself in hot water</a> after being accused of performing suspicious crypto trades worth about $4.5 million.</li></ul><h2 id="banking-news">Banking news</h2><ul><li><strong>SEBA Hong Kong</strong>, the regional subsidiary of Switzerland-based crypto bank, <a href="https://cryptonews.com/tags/seba-crypto/"><strong>SEBA Bank</strong></a>, received an approval-in-principle (AIP) from <strong>the Securities and Futures Commission</strong> (SFC). <a href="https://www.businesswire.com/news/home/20230829502702/en/SEBA-Hong-Kong-Awarded-Approval-in-Principle-by-Hong-Kong-Regulator-to-Conduct-Licensed-Crypto-Related-Services#:~:text=SEBA%20Hong%20Kong%20has%20received,asset%20management%20for%20discretionary%20accounts">According</a> to the press release, SEBA Hong Kong received the AIP for its license application to operate regulated activities in <a href="https://cryptonews.com/news/hashkey-offer-btc-ether-retail-services-hong-kong-as-battle-for-asian-market-intensifies.htm">Hong Kong</a> to deal in securities, including virtual assets-related products, such as OTC derivatives and structured products; advise on securities and virtual assets; and conduct asset management for discretionary accounts in both traditional securities and virtual assets.</li></ul><h2 id="regulation-news">Regulation news</h2><ul><li><a href="https://cryptonews.com/tags/eos/"><strong>EOS</strong></a> was granted whitelist approval by the <strong>Japan Virtual and Crypto Asset Exchange Association</strong> (JVCEA). The <strong>EOS Network Foundation</strong> <a href="https://eosnetwork.com/blog/eos-japan-regulatory-approval/">said</a> that the authorization &ldquo;paves the way for EOS to be traded against the Japanese yen on regulated cryptocurrency exchanges in <a href="https://cryptonews.com/news/binance-officially-enters-japanese-crypto-market-with-binance-japan-exchange.htm">Japan</a>.&rdquo; EOS will begin trading in mid-September on <a href="https://cryptonews.com/tags/bittrade/"><strong>BitTrade</strong></a>, a cryptocurrency marketplace licensed and regulated by the country&rsquo;s <strong>Financial Services Agency</strong> (<a href="https://cryptonews.com/tags/fsa/">FSA</a>), it added.</li></ul><h2 id="mining-news">Mining news</h2><ul><li><strong>Cathedra Bitcoin Inc.</strong> <a href="https://www.businesswire.com/news/home/20230829115319/en/Cathedra-Bitcoin-Announces-Second-Quarter-2023-Financial-Results">announced</a> the results of its operations for the second quarter 2023, reporting that: the <a href="https://cryptonews.com/tags/mining/">mining</a> operations produced 77.15 gross <a href="https://cryptonews.com/news/interlay-launches-mvp-of-bob-a-new-bitcoin-layer-2-bridge-for-cross-chain-token-transfers-to-the-bitcoin-network.htm">bitcoin</a> during Q2 2023, compared to 57.65 bitcoin during Q2 2022, an increase of 19.50 bitcoin; it recorded revenue of C$2.9m ($2.14m) during Q2 2023 compared to C$2.5m ($1.85m) during Q2 2022; as of August 29 this year, it held C$3.7m (2.73m) of cash and C$744,300 ($549,130) of bitcoin (19.55 BTC) for total cash and bitcoin liquidity of approximately C$4.4m ($3.25m).</li></ul>
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Today in Crypto: Binance Japan to Offer 3x More Coins, HashKey Partners with imToken

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