The Future Of Cryptocurrency Investment: Bulls vs. Bears, hosted by China Money Network, was successfully held on April 18th at naked Hub, Hong Kong, with three prominent speakers discussing investment opportunities and challenges investing in cryptocurrency. CLICK HERE TO ACCESS THE EVENT PAGE Top crypto experts from Octagon Strategy Ltd., Amber AI and CYBEX gathered with premium cyrptocurrency investors and finance industry executives for an informative panel discussion on the present and future of investing in cyptocurrencies. The investors said …
The Monetary Authority of Macau has issued a notice warning about cryptocurrency risks after U.S. media reported that Macau Dragon Group, a cryptocurrency company associated with a reputed gangster, has a business relationship with Cambridge Analytica, the British data firm that leaked personal information of more than 87 million Facebook users.
A RMB10 billion (US$1.6 billion) government-backed blockchain fund, dubbed Xiong An Global Blockchain Innovation Fund, has been launched in the Chinese city of Hangzhou to invest in innovative firms using blockchain technology.
A blockchain research institute under the People’s Bank of China has launched a blockchain registry open platform, marking the first central bank-backed blockchain platform in China.
Binance, the Hong Kong-headquartered cryptocurrency exchange, ranked third in the world based on 24-hour volume, will move its operation from Japan to Malta after a warning from Japanese regulators.
Several major Chinese smartphone makers are planning or have announced the release of "blockchain smartphones". They are the latest group of firms joining the current cryptocurrency frenzy.
CryptoKitties, a platform allowing users to collect and breed their own digital cats built on top of the Ethereum blockchain, has raised US$12 million led by Andreessen Horowitz and Union Square Ventures.
Alibaba’s e-commerce platform Taobao has removed all whitepaper writing services for initial coin offering (ICO) projects, following Google and Facebook’s recent ban on advertising for bitcoin and other cryptocurrencies.
Tencent Holdings Ltd. has signed a strategic partnership with China Federation of Logistics & Purchasing to develop various blockchain-based logistics platforms as the Chinese tech giant pushes its blockchain applications.
As blockchain has became the buzzword for investors, some listed companies in China have tried to capitalize on the hype by announcing blockchain related businesses, resulting in a jump in their share prices.
The mood at a blockchain conference in Seoul, South Korea attended mostly by the Chinese crypto crowd this week was a mixture of euphoria, unease and desperation. The plummeting prices of major cryptocurrencies – Bitcoin was down roughly 35% this year – coupled with stricter government oversight and collapsed projects, is casting dark clouds over new token issuances. "The market condition has weakened significantly from the peak last fall," said the head of a new blockchain project that is in …
Huobi, the world’s third largest cryptocurrency exchange, has announced a partnership deal with DigitalX100, a Washington D.C.-based blockchain incubator to support start-ups worldwide.
From providing supportive policies to blockchain firms, to building a blockchain ecosystem, the city of Guiyang, the capital of Guizhou province of Southwest China, has been pushing for blockchain technologies to spur growth.
Chinese conglomerate Dalian Wanda’s tech arm Wanda Internet Technology Group has formed strategic alliance with Centrality, an Auckland-based blockchain firm to develop an "ecosystem" that connects consumers and retailers, and serves Wanda Group’s enterprise merchants.
A day after major cryptocurrency exchange Binance suffered a major hack, several cryptocurrency exchanges have been blocked in China, prompting investors to suspect that the Chinese government may be involved.
Major cryptocurrency including Bitcoin, Ethereum and Litecoin have all plummeted nearly 10% in the past 24 hours, after facts surfaced bout a major hack in the world’s second largest cryptocurrency exchange Binance.
The Chinese blockchain community is on edge as a widely anticipated regulatory crackdown is expected to be announced in a week or so. Some Wechat blockchain groups are being closed down, while rumors are flying about further policy tightening that could make China the most hostile ground for anything cryptocurrency related.
The blockchain revolution continues in China even as Beijing bans initial coin offerings, cryptocurrency exchanges and Bitcoin mining. The latest "converts" are China’s two largest e-commerce companies, Alibaba Group and JD.com Inc.
Chinese billionaire Cai Wensheng, founder of photo touch-up app and smartphone maker Meitu and a well-known angel investor, said in a recent online chat group that he believes blockchain is the biggest bubble the world has ever seen, and missing it would be the biggest mistake anyone can make.
500 Startups, the Silicon Valley startup accelerator, announced yesterday that it is partnering with cryptocurrency exchange Huobi’s incubator wing, Huobi Labs, to help support Blockchain projects and potentially initial coin offerings (ICOs).
Alibaba’s Ant Financial is working with China Construction Bank and online real estate agency Lianjia to launch a blockchain-based apartment rental platform in China’s Xiongan New Area.
The Chinese government is planning additional steps to crack down on cryptocurrency speculation in that country, according to domestic media reports. A series of new regulatory measures will be taken in the coming weeks against initial coin offerings (ICO) and virtual currency transactions conducted in China and abroad, including the possible banning and disposal of domestic and foreign virtual currency exchange websites and related businesses, according to the Financial Times of the People’s Bank of China (PBOC), and reported on …
China Money AI is our news writing robot. These articles are edited by humans In recent years, Li Jiacheng, a young businessman in Fujian, has been doing business in Myanmar and Africa. As Bitcoin prices skyrocketed, a new project entered his horizons: Myanmar has a hydropower station near the border with Yunnan province in China that has cheap power to supply bitcoin mining.
On January 30, at China Renaissance Group’s 2018 New Year Media Communication Conference, Bao Fan, founder and CEO of China Renaissance Group, shared his views on the 2017 capital markets, blockchain and market competition. Below is an edited summary of his speech that originally appeared on Touzirenshuo’s Wechat channel. China Money Network is authorized to republish the post. It felt like 2017 went especially fast, in the blink of an eye. Indeed, 2017 was a triumphant year for our industry. …
Cheetah Mobile Inc., a Beijing-based mobile internet company listed on the NYSE, has release a mobile cryptocurrency wallet app called SafeWallet. It’s the latest example of how Chinese companies are cashing in on the digital money boom, despite China’s ban on cryptocurrency trading and initial coin offerings (ICOs).
Hong Kong’s government has launched a public education campaign on risks associated with initial coin offerings (ICOs) and cryptocurrencies.
BTCC, formerly known as BTC China, one of China’s largest Bitcoin exchanges, has announced that it has been acquired by a Hong Kong-based blockchain investment fund.
Hong Kong-based open-source blockchain platform MATRIX has completed an initial coin offering raising 13,227.5 Ethereum for its newly issued MAN tokens, or the equivalent of US$15.55 million, based on Ethereum’s market price Monday.
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money in at around 5pm each workday.
More than 10% of funds raised by initial coin offering, or almost US$400 million, is lost or stolen in hacker attacks, according to a report on risks in the ICO market by global advisory firm EY.
Chinese state-owned semiconductor manufacturing supplier Naura Microelectronics Equipment Co., Ltd announced that it had completed a US$15 million acquisition of U.S. company Akrion Systems LLC, a supplier of surface preparation for solar and semiconductor devices.