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China Appoints Tencent, Baidu, PBoC Execs to Lead New Blockchain Committee

Apr 15, 2020

The central government of the People’s Republic of China has officially announced the members of its newly formed, national blockchain committee. The committee, which will be tasked with setting standards for the burgeoning blockchain industry, will be headed by some of the most notable execut...

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A Chinese Blockchain Company Banned From Exporting Anti-Epidemic Products, While Blockchain Shall Not Take the Blame

Apr 14, 2020

China’s Ministry of Commerce has just banned two local companies from exporting anti-epidemic products for their quality problems. As one of them has blockchain in its name, the notice from the Ministry of Commerce immediately evokes some criticism calling blockchain a scam. Amid the coro...

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35 Foreign Companies Have Blockchain Patents in China, Giants Like Microsoft, Oracle in the List

Apr 10, 2020

By the end of the first quarter of 2020, 35 foreign-funded companies have applied for blockchain-related patents in China, with a total number of 212. Although the number far less than Chinese local companies, most of the foreign companies are giants as MasterCard, Sony, Panasonic, Intel, M...

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How the Ethereum DeFi Ecosystem Reacted to Coronavirus?

Apr 10, 2020

March 2020 witnessed the most volatile day in the price of cryptocurrency ever. Hence it was no surprise the Ethereum DeFi dapp category – as tracked by DappRadar also experienced an all-time high in terms of daily active unique wallet activity. As previously discussed. 12 March 2020 sa...

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Trillion Market Opportunities in the Blockchain Under the New Wave of Infrastructure

Apr 6, 2020

The blockchain technology still has pretty basic use-cases and it's far from finding proper industrial applications. So, does it have the capabilities to support China’s newly announced “New Infrastructure?” Recently, the U.S. market’s stock disaster shook its financial system to ...

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China Captured 22% of Blockchain Funding Events in 2019, Deals Are Shifting Eastward

Mar 31, 2020

Funding deal activity for crypto and blockchain has been shifting from the U.S. to China, a CB Insights report says. The U.S. and China have dominated funding for blockchain projects since 2015, making up nearly 70% of all funding offered over the past four years. While both co...

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Blockchain Job Salaries in China Dropped 37%, Demand for Professionals on the Increase

Mar 25, 2020

The average salary offered to blockchain jobs in China has fell by 37% in 2019 compared to the previous year, a latest report says. According to the Report on China Blockchain Professional Development 2020 jointly released by blockchain information service platform Interchain Pulse and ...

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China Gets One Step Closer to CBDC

Mar 25, 2020

The People’s Bank of China (PBoC) has reportedly finished the first-technical-step of developing its sovereign digital currency. Yet, the launch date is still vague; now the central bank needs to come up with relevant laws for its circulation, and that can take even more time. An anonym...

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Eth 2.0 Roadmap Out, Likely to Catalyse Global DeFi Growth

Mar 21, 2020

The founder of peer-to-peer lending platform for digital assets, DeFiner, believes the launch of Ethereum 2.0 could be the catalyst for DeFi (or decentralized finance) growth. Jason Wu, who foresees 2020 as the year of DeFi following its birth in 2018 and the further growth it witnessed i...

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Chinese President Xi Praises Blockchain in Governance

Mar 11, 2020

China’s President Xi Jinping said that the adoption of techs like blockchain, IoT, and cloud technology will better serve social governance again. On March 11, ‘Xue Xi Daily’, a state-owned media issued an article named ‘How to Make Scientific and Technological Innovation Sup...