Places China

The Chinese cryptocurrency ban is proving to be far more difficult for regulators to enforce than anticipated. The Central Bank of China released a July report announcing the success of the country’s cryptocurrency ban, stating that the influence of the Chinese Yuan on the cryptocurrency market—which previously accounted for 90 percent of global trading volume […]

VeChain (VET), the world’s 18th largest cryptocurrency by total market cap, has partnered with one of China’s largest electric car manufacturers, BYD, according to a Medium blog post. Through its partnership with DNV GL and VeChain, BYD has created Carbon Credits and blockchain solutions ready for mass production.https://t.co/taCw8Gn8fI — VeChain Foundation (@vechainofficial) September 5, 2018 […]

The People’s Bank of China (PBoC), China’s central bank, is expanding its blockchain technology and digital currency research efforts after several successful tests, according to CNStock. China’s Blockchain Push PBoC, the world’s largest bank by total assets, is increasing the scope of digital currencies- and blockchain-enabled finance in the Far East and has partnered with […]

China’s largest insurance conglomerate by total assets handled, the People’s Insurance Company of China (PICC), has partnered with VeChain, blockchain-based information tracking and governance systems company, with the goal of digitally transforming the insurance industry, according to a press release. China’s Blockchain Push While the Chinese government continues to maintain a strict stance on cryptocurrencies, blockchain […]

The world’s major financial cities are waking up to blockchain’s disruptive potential, and while some are drafting regulations and consulting legal experts, cities like Hong Kong are making significant moves. Hong Kong’s Blockchain Push On Aug. 28, the Hong Kong government added distributed ledger technologies (DLT) to its list of “Quality Migrant Admission Scheme” (QMAS), […]

Chinese investors are leading the pack for early-stage crypto funding in the U.S. and other regions, according to TechCrunch. The Chinese Crypto Foray In Silicon Valley, Chinese investment houses are often overlooked and substantially lack publicity, primarily due to small assets-under-management sizes and lower investment frequencies. In late-stage investment rounds, these funds are often lost […]

PwC, a “Big Four” auditing firm, recently published research that found 84 percent of companies have either a “live” blockchain project or experiment underway. China Primed to Lead Blockchain Innovation The company surveyed over 600 executives from 15 countries–including the U.S., India, China, Africa and Sweden–with only 14 percent of respondents having “no involvement in blockchain […]

The Singapore-based cryptocurrency exchange Huobi is facilitating a majority shareholder takeover of a Hong Kong-listed company, which could see Huobi go public based on regulatory approval. Huobi Going Public? As noted by HKEX News, Pantronics Holdings, a Hong Kong Stock Exchange (HKEX) listed investment fund focusing on electronics, is transferring over 221 million of its […]

After WeChat and Tencent distanced themselves from cryptocurrency-related activities and businesses last week, the Chinese search engine Baidu stated it would actively work to eradicate cryptocurrency footprints from Chinese internet forums. Ban It All! According to China Times, Baidu stated it would ban forum topics and heavily censor comments about cryptocurrencies on both its search […]

Alipay, the biggest payment application in China valued at $150 billion,  officially banned over-the-counter (OTC) Bitcoin trading, prohibiting traders from utilizing Alipay accounts to initiate digital asset trades. The announcement of Alipay shared by Red Li, a cryptocurrency researcher and the co-founder of Chinese cryptocurrency community 8BTC, explicitly stated that users of Alipay are not […]

Despite a nationwide crackdown on cryptocurrencies already in place, the Chinese government went one step further and passed a decree forbidding all crypto-related events in Beijing’s financial district. No More Crypto Events According to local news outlet South China Morning Post, authorities banned all hotels, malls, office buildings and other commercial properties from hosting “cryptocurrency talks […]

Two prominent, China-based cryptocurrency businesses are undergoing contrasting fortunes; while Bitmain is facing flak for several inconsistencies in its investor deck and competition from mining rivals, the Bitcoin Mercantile Exchange (BitMEX) just moved into the world’s most expensive office. Bitmain’s Falling Fortunes Bitmain’s rise to the top has been nothing short of spectacular as well […]

WeChat, the Chinese messenger app owned by Tencent, has banned several blockchain and cryptocurrency media accounts. Jinse, which is supported by Node Capital, and Deepchain, a website backed by multiple token funds, were both affected by the ban, according to China-based finance news outlet Lanjiner. On Jinse’s official WeChat account, a post disclosing that the account […]

In early August 2018, Beijing-based Bitmain Technologies announced its plan to go public in Q4 2018 to much excitement and fanfare. The Chinese cryptocurrency company, founded in 2013 by Jihan Wu and Micree Zhan, has long been a powerhouse in the cryptocurrency space. As a pioneer of ASIC mining chips, Bitmain controls approximately 70 percent […]

The China Electronic Information Industry Development (CCID) Research Institute has released its August blockchain ratings, and EOS has landed at the top. Additionally, despite complications Block.One faced during its mainnet launch of the EOS platform, CCID has remained confident in the blockchain project. CCID August Rankings For the third month in a row, EOS has once again […]

Chinese police have arrested three men in connection with a massive $87 million theft worth of Bitcoin after suspicions of the trio’s hacking into local computer networks came to light, according to local news outlet SCMP. Busted! The crime occurred in China’s northwestern province, away from prominent commercial centers like Shanghai and Beijing. Despite the […]

In yet another effort to supplement a thorough understanding and adoption of distributed ledger system, the Communist Party of China (CPC) released a “primer” on blockchain technology on Aug. 13, 2018. Blockchain Education for Officials As noted in the press release, the CPC-funded book contains relevant information on blockchain technology – including the origins of […]

ZhongAn Technology announced the upload of data for 760,000 diamonds onto the blockchain and hopes to increase transparency and traceability in the luxury goods supply chain. The company aims to provide consumers and suppliers the ability to trace the entire journey of the diamonds from production to ownership. ZhongAn joined forces with online diamond trading […]