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Tech Companies in China Struggle in Their Efforts to Turnaround the Supermarket Industry
5.9.2019
The supermarket sector can be regarded as one of the bedrocks of most developed economies since a large portion of the population shops at one of those establishments at least once a week. However, the way in which the tech sector has managed to revolutionize a whole range of industries in...
China’s Digital Currency Is Being Built in a Secret Office with Restricted Access
4.9.2019
A dedicated team has been developing China’s digital currency in a closed-door environment, away from central bank headquarters
Singapore Firms Sign 17 Deals with Companies in Sichuan
4.9.2019
Singapore and China have always had deep business ties, and over the past decades, those ties have only been strengthened. While China has become the world’s second-biggest economy, Singapore has also become one of the world’s foremost financial hubs and one of the most dynamic business-friendly...
BitMEX CEO Arthur Hayes Accuses Binance of Plagiarism; CZ Apologizes
4.9.2019
BitMEX blames Binance for forging their documents, a while ago through a tweet that came out as appalling for the later. In the tweet, they congratulated Binance for their Testnet futures and spoke that they’re happy to see the enthusiasm that their documents brought to their executives. Here’s...
15 Arrested in China for Allegedly Bribing Internet Cafe to Mine Crypto
4.9.2019
Chinese authorities arrested fifteen men suspected of bribing an internet café admin to mine cryptocurrency
Huobi rolls out the first-ever Blockchain Smartphone
4.9.2019
Huobi, the Singapore-based cryptocurrency company said that it is drifting towards the blockchain telecom industry by rolling out an Android smartphone, called the “Acute Angle,” created in association with a blockchain funded project called Whole Network. The partial funds being entitled to Huobi...
Mogu Tech Gets Its MOGX Coin Listed on China’s TigerCoin Cryptocurrency Exchange
4.9.2019
Cryptocurrencies are gaining momentum with every passing moment. Where the financial heads are pondering over the risks associated with the digital currencies, the crypto firms are focusing on expanding their business span. Listing of cryptocurrencies on popular crypto exchanges adds an element...
Walmart’s Foray Into Blockchain, How Is the Technology Used?
3.9.2019
The last few years have seen the retail giant Walmart experiment with blockchain technology quite substantially — most notably within its food supply chain ecosystem
The People’s Bank of China (PBoC) Keeps a Tighter hold on FinTech
3.9.2019
The most recent news declares that PBoC (The People’s Bank of China) is looking forward to keep a tighter grip on the country’s FinTech, digital lending markets, and Blockchain. Additionally, China’s national bank stated that it expects to use the technology to upgrade the flow...
HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit
3.9.2019
HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan
China Telecom Gears up to Develop Blockchain-Enabled 5G SIM Cards
2.9.2019
China Telecom has divulged strategies to develop blockchain-enabled 5G ready SIM cards, reveals a Chinese website Sina News. The leading China Telecom’s research arm issued the white paper mentioning vital plans on the sidelines of China International Smart Industry Fair recently. The paper...
500,000 BTC Payout, Sudden Slump: Hodler’s Digest, Aug. 26–Sept. 1
1.9.2019
In this week’s Hodler’s Digest, Bitcoin back in four figures, Craig Wright ordered to pay 500,000 BTC, and French police shut massive botnet
Crypto News From Asia: Aug. 24–31 in Review
1.9.2019
A roundup of major news of the week from Asia
US-China Trade War and Its Effect on Cryptocurrencies
31.8.2019
China vs. U.S. trade war spreads to cryptocurrencies and the control over blockchain technologies
In the First half of 2019, China has Accounted for 70 Percent of Global Blockchain Patent Applications
31.8.2019
As per the latest report by IPR Daily, a Chinese intellectual property news site, China has represented about 70 percent of the world’s global blockchain patent applications. It would appear that China is predominantly driving the world in the utilization and development of blockchain...
Tether Plans to Launch CNHT, An Offshore Stablecoin in China
31.8.2019
Tether Holdings announced its plans to launch an offshore stablecoin in China which is to be backed by renminbi (Yuan). It is to be dubbed CNHT. After Bitfinex enabled trading of Tether on their platform in 2015, Tether’s USDT made a massive impact on the crypto economy of China. To date, it...
Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder
31.8.2019
Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong...
Is Blockchain Payments Integration in Messenger Apps Good for Crypto?
30.8.2019
While some analysts expect platforms like Libra to bolster crypto adoption, others fear the centralization of blockchain payments
Yuan Weakness Forces Tesla To Raise the Prices of Its Cars in China
30.8.2019
It has been a bit an up and down year for Tesla so far as the company recovered from an abysmal start to the year by eventually posting record deliveries in the second quarter. However, the challenges that the company has been facing over the course of the past quarters have proven to be highly...
People’s Bank of China Denies Media Reports About Launching State-Backed Cryptocurrency
30.8.2019
Recently, the People’s Bank of China, known as the Central Bank of the nation, has confirmed that the bits of gossip regarding the launch of a state-backed cryptocurrency is false. The declaration was made in the report by The Global Times, the official paper of the Communist Party of China...