You Don’t Want Chinese Dominance in Blockchain, Says Head of Industry’s Largest Trade Group

Mar 5, 2021

The President of the U.S. Chamber of Digital Commerce has highlighted reasons why she thinks the U.S. has to keep up in the digital currency space in the face of existential dominance threat from China.  Perianne Boring, while talking about what the Chinese government is doing, not...

Volvo Owner Partners With Concordium to Provide Blockchain Services in China

Feb 23, 2021

Geely, the owners of the car manufacturing company, Volvo has entered into a partnership with the Concordium Foundation to provide blockchain services to China-based customers. The agreement between the parties is aimed at propelling them to “become a leading blockchain technology and service...

Ethereum-Compatible Quorum Connects BSN to Serve 80 Chinese Cities

Jan 28, 2021

ConsenSys has partnered with China’s Blockchain-based Service Network (BSN) to make its Quorum open-source protocol layer for building Ethereum-based enterprise solutions more accessible for enterprises and government organizations in about 80 Chinese cities. Quorum provides the ent...

China Crypto Roundup (Dec.29-Jan.4): Automaker Withdraws Statement about Purchasing Cars with Bitcoin, Ebang to Launch Crypto Exchange, China’s DCEP Lands in Beijing

Jan 4, 2021

Just two weeks after passing $20,000, bitcoin hit the $30,000 milestone on the second day of 2021. Witnessing the great bull, traditional companies are eyeing bitcoin, but it turned out to be unrealistic in China under the current regulatory pressure. Automaker to accept bitcoin? On Dec....

China’s 5 Hottest Blockchain Developments in 2020

Jan 4, 2021

For many, 2020 has been one of the most tumultuous years in recent history. Covid-19 swept the world and greatly slowed down, if not stopped, much of ordinary daily life. But for China’s blockchain ambitions, 2020 has been full steam ahead. Even the coronavirus pandemic could not stop China’...

China Crypto Roundup (Dec 21-Dec 28): Bitcoin Price Hits New ATH, Demand for Mining Rigs Grows, 1inch Christmas Giveaway

Dec 28, 2020

Bitcoin has surged past the $28,000 level to set a new all-time record high in the past weekend, though it didn't last long. As the market keeps heating up and holiday’s coming, the entire cryptocurrency sphere has been bustling with excitement. Demand for bitcoin miners grows As bitcoin ...

China Creates Blockchain-Based Mobile App to Regulate Livestreaming

Dec 25, 2020

While most news regarding blockchain technology coming out of China has been focused on the country’s efforts to develop its upcoming digital yuan, cases have been popping up across the mainland that are pushing for real-world blockchain applications. In one of those cases, a government autho...

Bitcoin Crosses $24,000 In Another ATH As ~10% of Total Supply Feared Lost

Dec 20, 2020

Bitcoin has reached yet another all-time high as its price crossed $24,000 on Saturday December 19 to mark a new milestone in a week. Earlier, the previous record held by the last hours of November 2020, the first after 2017, was broken on Dec 16 as the top cryptocurrency topped $23,000. I...

Was China Construction Bank’s $3 Billion Blockchain Bond Doomed From the Start?

Dec 1, 2020

Beijing put a stop this week to Fusang's China Construction Bank bond listing on the Ethereum blockchain. What was the Chinese government afraid of? The tokenization of securitized debt has long been described as one of the more practical use cases for blockchain technology. Blockchai...

Why South Korea’s Top Credit Card Firm Just Filed For a Blockchain Patent

Nov 30, 2020

Shinhan Card, the biggest credit card company in South Korea operated by Shinhan Bank, the nation’s second-largest bank, applied for a new blockchain patent in Japan. It comes 16 months after the firm received approval for a blockchain credit card patent in South Korea. Local publicat...