Global Risk Exchange, a blockchain-based, decentralized and open global risk exchange market, said it had secured investment from the Huobi Global Ecosystem Fund.
China’s largest search engine Baidu Inc. has launched its first native blockchain-based knowledge quiz application called Duyuzhou, which means Du Universe, yesterday. Duyuzhou will create a digital universe consisted of elements, gravitation, and planets, where users can obtain these elements by participating in the knowledge quiz. Users will be incentivized to create and expand their own planets, said Baidu. In the process of creating quality content and expanding its user base, Baidu plans to add many new features to the …
Bonnie Cheung, a venture partner at 500 Startups, has read hundreds of blockchain whitepapers to screen for a select few that the early-stage investment firm and seed accelerator chooses to back. As things tend to progress with hyper speed in blockchain compared to other industries, 500 Startups has invested in enough projects to solve "the scalability" issue in a matter of four to five months. For now, she wants to see more projects focused on solving the two other key …
Despite the current market slumps, Chinese cryptocurrency practitioners still believe a bull market is in store because of the growing size of capital that is readying themselves to enter into the space.
Chinese distributed digital assets platform LendChain has raised tens of millions of RMB from Chinese blockchain company GXChain, Sydney-based blockchain firm Bitpei, Beijing-based investment fund PreAngel, Fission Capital, and others, according to GX Chain’s announcement on its official WeChat account.
Sequoia Capital China is said to have led a US$400 million pre-IPO round in Beijing-based Bitcoin miner and mining chip designer Bitmain Technologies Ltd., valuing the firm at US$12 billion, according to Chinese local media reports citing insiders.
At a blockchain industry conference held in Singapore today, Wang Feng, founder of Mars Finance, announced that his Chinese blockchain media start-up has raised a series A+ round financing. The round of financing was led by Ceyuan Ventures and Huobi Global Ecosystem Fund with a post-money valuation of RMB330 million (US$51.5 million).
Beijing-based Bitcoin miner and mining chip designer Bitmain Technologies Ltd. is considering an initial public offering in Hong Kong or in an overseas market with U.S. dollar-denominated shares, Bitcoin’s co-founder Jihan Wu told Bloomberg in an interview.
In order to create its new public blockchain, the Huboi Chain Project (HCP), Huobi will fund a Huobi Chain Superhero Championship Program (HCSCP) with an initial investment of 20 million Huobi Tokens (HT), worth about US$100 million dollars. Huobi will also contribute a portion of its yearly revenue to the program, according to comments by a Huobi official to media outlet Cointelegraph.
Blockchain-based e-commerce platform CyberMiles said e-commerce platform LightInTheBox.com will soon accept its CyberMiles Token as a payment method and will provide a strategic support to Blocktonic’s supply chain and e-commerce technology, CyberMiles announced on its Twitter account.
Goopal Group, a blockchain company backed by Hong Kong-listed China Binary Sale Technology Ltd, has raised a US$12 million A++ round from Legend Capital and SIG, according to Chinese media reports.
Hyperchain Technologies Co., Ltd announced that it has raised a series B round of RMB1.5 billion (US$ 233.7 million) from Shanghai-listed Xinhu Zhongbao Co., Ltd., China SDIC Gaoxin Industrial Investment Corp., Ltd, and others, according to Chinese media reports.
Shanghai-listed construction engineering company Keda Group Co.,Ltd. announced that its blockchain fund has invested in a total of four projects worth of RMB29 million (US$4.5 million), according to its security filing.
Cryptocurrency exchange Huobi, Chinese investment firm NewMargin Capital and South Korean securities firm Kiwoom Securities Co., Ltd. have jointly launched a China-South Korea investment fund to invest in blockchain companies in the two countries.
Binance, a multi-language cryptocurrency exchange, announced plans to establish a US$1 billion fund, Ella Zhang, head of Binance Lab, announced in an online conference.
SoftBank Corp. and Chinese artificial intelligence company CloudMinds Technology said they have developed an authentication solution based on blockchain. The two companies have developed the new solution by combining CloudMinds’ blockchain-based authentication with the mobile carrier’s authentication platform, according to an announcement.
A draft Telecom Commercial Communication Customer Preference Regulation 2018 was proposed by the Telecom Regulatory Authority of India (TRAI) earlier this week to curb telemarketing spam via phone calls and SMS messages with the help of blockchain technology.
Singaporean entrepreneur and investor Eric Cheng announced he had acquired two Japanese licensed companies that operate foreign exchange and crypto currency trading for US$50.1 million ($67 million Singapore dollars), according to a company announcement.
CarBlock, a Chinese blockchain transportation solutions provider, announced that it has raised a new round of financing from blockchain investment firm Consensus Lab.
A team of about 30 former employees of LeSports, the sports video streaming unit of LeEco, has raised US$5 million for a blockchain project from Xinpai Capital, an investment arm of Chinese media company Xinpai Media.
Qihoo 360, China’s largest internet security company, said that it had identified a high-risk security vulnerability on the EOS network. The bug was fixed around 24 hours later by EOS today, though both parties seem to disagree what really happened and how serious the flaw was.
China’s largest search engine Baidu Inc. has utilized blockchain technology to improve the accuracy and traceability of Baidu Baike, the company’s collaborative encyclopedia in Chinese language.
Police in Jinan, Shangdong province has arrested a gang of more than ten suspects involved in a RMB300 (US$46.8 million) million pyramid scheme that masked itself as a blockchain project, in yet another scam case reported by local media.
Beijing-based Bitmain Technologies Ltd. appears to have run into trouble as buyers of its Bitcoin mining machine Antminer B3 complain that the device doesn’t have as much computing power as advertised.
China’s co-working space start-up Ucommune has announced the establishment of its first blockchain research lab, with an inauguration ceremony held in Beijing today.
Asia has become the absolute dominant force in the blockchain universe, with countries in the region accounting for the biggest portion of Bitcoin mining machine manufacturing, mining pools, crypto trading and new token issuance. For any blockchain projects or investors, Asia is the place that can’t be ignored when planning an initial coin offering or seeking VC investors. One recent initial coin offering, launched by a team based outside of China, pulled in tens of millions of U.S. dollars and, …
For the over 80,000 blockchain projects ever launched globally, only 8% are still being actively maintained and the average life span is only around 1.22 years, says an official at the China Academy of Information and Communications Technology (CAICT).
Weixing Chen, founder of Kuaidi Dache that merged with Didi to become the leading Chinese ride hailing company Didi Chuxing, is planning to launch a blockchain-based ride hailing app to rival current operators in safety and efficiency. Chen is teaming up with Yang Jun, a co-founder of Chinese on-demand local services firm Meituan, to launch the product. The ultimate aim is to create a platform that offers life-style services encompassing ride hailing, deliveries and others.
A blockchain conference held in Boao in Hainan island, where the influential Boao Forum for Asia is held annually, is facing a tsunami of criticism and public outcry after an actor playing chairman Mao appeared to congratulate and wish the event success. The organizing also faces a potential breach of relevant law.
Chinese social media giant Tencent Holdings Ltd. will use blockchain technology to help local tax bureaus fight tax evasion.
The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing changes to the existing regulations that would lower market entry for blockchain-related exchanges.