Bitcoin ‘tycoon’ Li Xiaolai has announced he intends to take a several-year break from the cryptocurrency industry. China’s Bitcoin ‘tycoon’ and serial investor Li Xiaolai will take a hands-off approach to future blockchain projects, he announced on social media Sunday, September 30. In an approach that appeared to take many by surprise, Li, well known […]
Continue Reading
A survey of investment behavior of the Chinese middle class has found that less than 10 percent of respondents invest in cryptocurrency. Less than 10 percent of the Chinese middle class are investing in cryptocurrencies after the government ban, according to a recent study cited by Technode Thursday, September 26. The report called “2018 White […]
Continue Reading
The Nanjing Arbitration Committee in China’s eastern Jiangsu province is testing a new blockchain platform designed to store and process data for legal disputes. The Nanjing Arbitration Committee is testing a new blockchain platform designed to store and process data for legal disputes. The organization officially announced this September 27. China’s regional arbitration committees were […]
Continue Reading
The Chinese Bank of Communications has successfully finished the first issue of a digital mortgages pack on blockchain worth approximately $1.3 billion. The Chinese state-owned Bank of Communications (BoCom) has successfully issued $1.3 billion of residential mortgage-backed securities (RMBS) using blockchain technology, national securities outlet China Securities Times writes Wednesday, September 27. BoCom — the […]
Continue Reading
A Xinhua News Agency investigation revealed ways Chinese crypto investors are avoiding the country’s ICO ban. An investigation by the Xinhua News Agency has shown it is possible to bypass China’s Initial Coin Offering (ICO) ban, according to an article published September 26. The investigation has shown that despite the government’s efforts to crack down […]
Continue Reading
China’s crypto mining giant Bitmain has filed a draft application for listing shares on the Hong Kong Stock Exchange. Chinese crypto mining giant Bitmain has filed a draft application for listing the company’s shares on the Hong Kong Stock Exchange (HKEX), according to an official application document published Wednesday, September 26. Bitmain has provided a […]
Continue Reading
It’s beginning to look a lot like Christmas (well, if you squint and aim your gaze past the Halloween decorations). And from a U.S. retailer’s point of view, Christmas is beginning to look like a victim in the budding U.S.-China trade war. Walmart recently sent a letter to the U.S. Trade Representative that warned about […]
Continue Reading
Source: Mark Jones, Blockchain Technology News Chinese blockchain-based gaming platform Cocos-BCX has announced $40m in new funding from investors including Binance, Neo Global Capital and 500 Startups. The platform was created by the founders of Cocos2D-x, behind global mobile games titles including Angry Birds, Clash of King and Badlands. According to a press release, the […]
Continue Reading
Waltonchain affiliate, Citylink partnered with China Telecom to promote the Xiamen Smart Community pilot project in February. Since then, they have expanded the system to reward users for various activities including waste classification and reduction. The Smart Waste Classification system is a new model for outsourcing public services in urban environments. The model includes several […]
Continue Reading