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We need to talk about Steam & China
22.10.2020
The facts of (Chinese government approval) life
Filecoin Founder Accuses Justin Sun of Spreading Lies About FIL Tokens as Fresh Dumping Allegations Emerge
21.10.2020
Juan Benet, a founder at Filecoin, is attacking Justin Sun for spreading completely false accusations about the movement of the FIL tokens soon after listing. In his long Twitter rebuff, Benet accuses Sun of spreading lies with the intention of harming the Filecoin project financially. Calling...
17M Chinese tourists verify health using blockchain to visit Macau
21.10.2020
Interoperability between Macau’s blockchain-powered medical data system and mainland Chinese health codes allowed tourism between the jurisdictions to recommence
Here’s How Big-spending Chinese Firms Use their Blockchain R&D Money
20.10.2020
A new study of how Chinese firms have been making use of the millions of dollars they have injected into blockchain technology has found that companies are prioritizing government-related developments and financial sector solutions.
The report, published by Securities Daily (via East Money), looked...
Filecoin Miners Start a Strike – FIL Validators Claim the Project’s Economic Model Is Not Working
19.10.2020
The Filecoin project has surely seen a lot of hype but during the last few weeks before the launch, the cooperative digital storage crypto project has been criticized a great deal. This weekend a few Filecoin miners have been on strike and claim the economic model is not working out for them. Just...
Chinese Banks Stepping up Blockchain Cross-border Trade Financing
17.10.2020
Chinese banks are looking to up their cross-border trade game – with a series of new blockchain-powered innovations that could seek to reduce the nation’s dollar dependence.
Per Sina, the Beijing-based China CITIC Bank, the country’s seventh-biggest lender, has become the first domestic bank...
Top Chinese chemical firm uses blockchain to cut trade financing costs
16.10.2020
Amid the pandemic, blockchain is alleviating the pressure in China’s petrochemical trade
Digital Yuan Recipient Says Chinese CBDC Is ‘Just Like Using Alipay’
14.10.2020
Many of the recipients of the recent digital yuan giveaway have spoken out to news agencies and on social media as the first non-testbed users of the forthcoming central bank digital currency (CBDC) start spending their tokens – with some stating that using the token is “no different” from using...
Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital Currency
10.10.2020
A major Chinese city is giving away 10 million yuan in the country’s central bank digital currency this weekend. Recipients can use their digital yuan at 3,389 stores next week. The city aims for the giveaway to boost usage of the new government-backed digital currency. Chinese City Giving...
China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far
8.10.2020
China’s central bank digital currency has been used in 3.13 million transactions worth about 1.1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed. In addition, more than 122,000 digital wallets have been created....
After Banning ICOs China’s Defi Ecosystem Grows Exponential This Year
5.10.2020
The decentralized finance (defi) ecosystem has become a multi-billion dollar industry and quite a bit of the popularity is stemming from China. While a number of defi projects from the West like Uniswap, Compound, and Makerdao are popular in the country, China is also creating its own landscape...
Chinese Internet-based, Blockchain-powered Hospital Set to Open in 2021
2.10.2020
Chinese health chiefs has put its plans to launch an internet hospital on ice for a few months – to allow operators the time to add a wide range of blockchain technology-powered innovation.
Per Cn-Healthcare, the First Affiliated Hospital of Dalian Medical University, a leading hospital in Dalian...
Chinese Judges Begin Sentencing PlusToken Bitcoin, Ethereum Scam Chiefs
29.9.2020
Judges in China have been handing out penalties to some of the individuals charged with masterminding the PlusToken crypto scam – a Ponzi scheme that reportedly sucked in some 2 million investors.
Per the Chinese prosecution service’s news outlet, via Xinhuanet, 16 individuals of varying seniority...
Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit Demand
29.9.2020
Ebang International Holdings Inc., the Chinese maker of bitcoin mining hardware, reported a net loss of $6.96 million during the first six months of this year, down from $19.07 million a year ago, as demand fell due to the coronavirus pandemic. Revenue plunged 51% to $11.04 million from $22.35...
Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory
27.9.2020
On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry...
Chinese govt. official: Gambling gangs use crypto to transfer funds abroad
25.9.2020
China faces economic risk as illegal gambling operators move 1 trillion yuan in funds from the country, partially in crypto, says a government official
Chinese State Media Outlets Surprise With Pro-Crypto Reports
25.9.2020
Source: Twitter/@DoveyWan
Chinese crypto advocates have reacted with surprise after a number of state news outlets in the country reported on a positive-spin story that explains how cryptoassets have become the most successful asset class in the year to date.
But the story itself is not exactly...
Chinese state-endorsed public chain to act as a global DeFi bridge, says Conflux CEO
24.9.2020
Chinese Free Trade Zone is open to experimenting with permissionless DeFi applications
A Chinese Gold Refinery Is Making ‘Blockchain Gold Bars’ on BSN
24.9.2020
Gold is being traded on a blockchain network in China in an effort to legitimize the industry for domestic and overseas regulators – and a senior executive at one of the country’s biggest banks said that commodities like gold could soon be “digitized” and “circulated.”
Per Sichuan Online, the city...
This Chinese SME Outranks PayPal in the World for Blockchain Patents
23.9.2020
Chongqing, a municipality at the confluence of the Yangtze and Jialing rivers in southwestern China. Why is a relatively small Chinese loans-providing startup ranked #66 in the world for blockchain patent issuance, above the likes of PayPal?
Earlier this year, reported Chonqing Daily, data provider...