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Another Chinese Lender Bailed Out After Bank Run
3.11.2019
Yichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that...
The Xi Effect – Chinese Government to Fund Blockchain Projects
31.10.2019
Chinese President Xi Jinping’s announcement that the country would invest heavily in blockchain technology – coupled with a sweeping move to remove online posts suggesting such technology is a scam – has nourished optimism long-held by crypto advocates. Of course, the reality...
Report: Chinese Guangzhou Gov’t Unveils $140M Blockchain Subsidy Fund
30.10.2019
Guangzhou government announces $140 million subsidy fund to encourage the development of blockchain initiatives
Chinese State-Owned Media Try to Dampen Market’s Crypto Enthusiasm
29.10.2019
Chinese state-backed media are warning investors to remain rational amid a spike in interest in crypto companies
China Ranks 35 Crypto Projects as President Xi Pushes Blockchain
29.10.2019
China has been on a roll with a series of crypto-related announcements. President Xi Jinping’s speech to accelerate the development of blockchain technology in China was followed by the passing of a cryptography bill. Meanwhile, China’s Center for Information and Industry Development...
Chinese Cryptocurrency Mining Giant Files for $400 Million IPO in US
29.10.2019
Crypto mining giant Canaan has filed for an initial public offering with the U.S SEC to raise $400 million
Chinese Official Warns Libra Could Abet Illegal Cross-Border Transfers
28.10.2019
Libra must abide by international foreign exchange regulations to not enable illegal transfers or “it should be banned,” a senior Chinese regulator said Monday
Chinese Central Bank Official Calls for Commercial Bank Blockchain Adoption
28.10.2019
A Chinese central bank official has called on commercial banks to adopt blockchain technology in digital finance
Beijing Mulls Blockchain-powered Forex, Chinese Crypto Searches Soar
28.10.2019
China’s most recent bout of cryptocurrency and blockchain fervor shows no sign of subsiding – with regulators stating they are already looking at applying blockchain technology to cross-border trade finance. Meanwhile, it appears that the country’s citizens are brushing up on their crypto knowledge...
Is China’s New Fascination With Blockchain Really Good for Bitcoin?
27.10.2019
Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging...
Libra Could Serve as Counter to Chinese Digital Currency, Says Zuckerberg
23.10.2019
Facebook CEO Mark Zuckerberg painted the Libra stablecoin project as a way to counteract a possible Chinese digital currency
Apple’s CEO Meets Chinese Regulator Following Hong Kong App Affair
18.10.2019
Tim Cook, Apple’s CEO recently met the head of the Chinese market regulator a week after it removed an app that had drawn China’s ire. Last week, Apple had found itself in the middle of the political crisis regarding China and Hong Kong. An app named HKmap.live, that had been available in the Apple...
Survey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies
17.10.2019
A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in...
4 New High-Powered Bitcoin Miners Revealed
12.10.2019
Bitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.S. next month. Also Read: Mining Firm Canaan Creative Secures Hundreds...
Major Chinese Bank Updates Blockchain Platform After $50 B Transacted
12.10.2019
China Construction Bank updates blockchain trading platform after transacting over $50 billion
Chinese Banking Giant CCB Expands Blockchain Platform as Volume Breaks $53 Billion
11.10.2019
Chinese banking giant CCB has expanded its trade finance blockchain platform with cross-chain and inter-bank transactions
Chinese Mining Giant Canaan to Go Public in US in November: Sources
11.10.2019
Chinese crypto mining giant Canaan Creative plans to be listed as a publicly traded company in the U.S. in November 2019, sources say
Binance Launches P2P Trading in China With Support for Alipay and Wechat
11.10.2019
Cryptocurrency exchange Binance has launched peer-to-peer trading in China. The platform supports traders making transactions between themselves using the dominant Chinese payment apps Alipay and Wechat Pay. News of the matter forced Alipay to publicly claim it stops transactions if they...
Binance CEO Recommends 'No More News' About This Chinese Crypto Secret
11.10.2019
Peculiar discussions have started in the Cryptosphere this week, as Changpeng Zhao (CZ), CEO of major cryptocurrency exchange Binance, seems to have confirmed that users can buy crypto through WeChat and AliPay with cash in China. And while both companies firmly deny this, other reports suggest...
Realmx Video Game Officially Launches on Bitcoin Cash
11.10.2019
During the first week of August, the development team Block Hop announced a sandbox video game called Realmx that’s fueled by bitcoin cash. On October 10, Block Hop developers revealed that after “months of development and preparation,” Realmx can now be played on desktop...