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Blockchain

China Implements Password Law To Pave Way For Digital Currency

China will implement a Password Law on January 1,2020 to pave the way for digital currency. The aim is to…

Chinese Official Media Asks If Digital Currency Will Replace Banknotes

The Guang Ming Daily reported the blockchain chain for an entire page, including three articles: "Blockchain: Paving The Cornerstone Of…

$14M Blockchain Fund To Launch In Response To Chinese Government’s Support

1911 Group Co., Ltd. announces that it is going to launch an RMB100 million (US$14.3 million) fund to support the…

Guangzhou Government To Launch $142M Subsidy Fund For Blockchain

Guangzhou government is going to launch an RMB1 billion (US$142 million) fund to support the development of blockchain, according to…

Co-Founder Zhan Ketuan Dismissed From Bitcoin Mining Equipment Firm Bitmain

Bitmain technology, a Bitcoin mining equipment firm, announced on Tuesday that its co-founder Zhan Ketuan has been ousted from Bitmain.…

Bitcoin Mining-Related Firm Canaan Seeks To Raise US$400M In US IPO

Canaan Creative, Hangzhou-based computer hardware manufacturer, is going to raise US$400 million in an initial public offering (IPO) in the…

China’s Cryptography Law Passed To Gear Up State-Backed Cryptocurrency

China's parliament, the standing committee of the 13th National People's Congress (NPC), has passed a law on cryptography to pave…

Chinese Bitcoin Tycoon-Backed GXChain Halted Amidst Police Crackdown

The Chinese authority has clamped down another domestic cryptocurrency project, shutting down the office of the popular and once well-funded…

Shunwei Capital Joins Series A Round In Crypto Intelligence Platform CoinNess

CoinNess, a blockchain information platform in Asia, has raised a series A round of financing from Chinese investment companies ShunWei…

Sequoia China, Shunwei Capital Co-Invest $35M Into Blockchain Developer Conflux Foundation

The developer of the blockchain protocol, Conflux, has received US$35 million from venture capital firms Sequoia China, IMO Ventures, Metastable,…

Binance Labs Invests $3M In Crypto Start-Up Koi Trading

Binance's venture unit Binance Labs has committed to a US$3 million investment in San Francisco-based over-the-counter (OTC) crypto trading desk…

Crypto Exchange OKEx Faces Backlash After Sudden Change Of Contracts

OKEx, one of the world's most popular cryptocurrency exchanges, is facing a backlash from traders after it changed the terms…

China’s Bitcoin Miner Canaan Lets HK IPO Application Expire

China's Canaan Inc, one of the world's largest makers of cryptocurrency mining equipment, has seen its application for a Hong…

Hong Kong Securities and Futures Commission Rolls Out Rules For Crypto Exchanges

Hong Kong Securities and Futures Commission (SFC) has strengthened its regulatory requirements for private equity funds to invest in cryptocurrencies…

Hong Kong Monetary Authority Launches Blockchain-Powered eTradeConnect To Promote Trade Financing

Hong Kong Monetary Authority, Hong Kong’s de facto central bank, launches a Blockchain-powered platform called eTradeConnect to further trade financing,…

Hong Kong Stock Exchange To Develop Blockchain-Powered Trading System

Hong Kong Exchange and Clearing is developing a blockchain-based program to facilitate international investors to trade mainland Chinese shares through…

NewCity Digital Teams Up With Forbes Media, NewCity Capital, Trade.io To Launch Forbes CryptoMarkets

NewCity Digital Limited has partnered with Forbes Media, NewCity Capital and trade.io, a blockchain-based financial institution, to launch Forbes CryptoMarkets,…

China Plans to Issue Three Blockchain Standards This Year

A government-backed organization is working to release three blockchain standards on smart contracts, privacy and deposits, in order to better…

China’s Bank Of Communications Issues $1.3B Securities Via Blockchain

Bank of Communications (BoCom), a state-owned commercial bank in China, has issued RMB9.3 billion (US$1.3 billion) of residential mortgage-backed securities…

Baidu Blockchain Lab Releases First Blockchain White Paper

Baidu Blockchain Lab has released its first “Baidu Blockchain White Paper V1.0”, focused on the independent development of a 'Xuper Chain'…

China’s Crypto Firm Bitmain Technologies Files For HK IPO

Beijing-based cryptocurrency mining giant Bitmain Technologies Ltd. has filed an application to go public on the Hong Kong Stock Exchange.…

Chinese Blockchain Platform NEO’s Investment Unit Backs Korean Music Project Muzika

NEO Global Capital (NGC), an investment vehicle of China's blockchain platform NEO, has sealed a strategic investment partnership with Korea-based…

Alibaba’s Ant Financial To Launch Blockchain BaaS Service Platform

Jiang Guofei, vice president of Alibaba’s financial affiliate Ant Financial, said that Ant Financial will launch a blockchain BaaS (Backend…

Chinese Listed Firms With Blockchain Ambitions Find It Hard To Realize Their Dreams

Many Chinese listed companies have announced ambitious plans to develop blockchain applications since last year. But as the cryptocurrency market…

Hangzhou-Backed Blockchain Firm Seeks To Raise $12M For Japanese Yen Stablecoin Project

Hong Kong-listed Grandshores Technology Group Ltd is seeking to raise HK$100million (US$12.7 million) through a digital token fund to invest…

Bertelsmann Asia, IDG Capital Leads $30M Angel Investment In Chinese Start-up Ringle.AI

Artificial intelligence and robotics start-up Ringle.AI has announced that it has received US$30 million angel investment from Bertelsmann Asia Investment…

Baidu Sets Up Blockchain Subsidiary As Chinese Tech Giants Accelerate Blockchain Application

Chinese search engine Baidu Inc. has set up a blockchain subsidiary in Beijing on Wednesday, China's National Enterprises Credit Information…

Chinese Tech Giants Join Government To Fight Illegal Cryptocurrency Trading Activities

China's tech trio Baidu, Alibaba and Tencent, collectively known as "BAT," have all joined Chinese government's effort to tighten scrutiny of cryptocurrency…

WeChat Shuts ICO Related Social Media Accounts As China Continues ICO Crackdown

Tencent's super-app WeChat has shutdown many official accounts that promoted initial coin offering (ICO) and cryptocurrency trading as China continues…

SBCVC, Baidu Ventures Invest Seed Round In Blockchain Project Atlas Protocol

SB China Venture Capital (SBCVC) has led a seed round of investment of multi-million dollars in San Francisco-based blockchain project…

Seven Stars Cloud Signs $24B Deal With China’s Largest Bus Operator To Support Electric Buses Upgrade

Seven Stars Cloud Group (SSC), Inc., a NASDAQ-listed technology firm focusing on asset production and distribution, announced a US$24 billion…