Chinese Police has recently busted an RMB300 million crypto exit scam that amassed over 300 million yuan ($46 million) with 21 suspects involved. A gang of over 15 suspects involved in the scam has been arrested and other 6 still at large, according to local police in Hengyang, a city of H...
China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), will pilot its cross-border trade finance platform supported by blockchain, according to local financial news media outlet CNStock on April 24. The platform was initiated by the forex bureau an...
Recent news that China is planning to eliminate the crypto mining industry from within its borders has not really swayed Bitcoin market sentiment. Chart flows from Coinmarketcap and TradingView show the top cryptocurrency has maintained a firm grip on its over $5,000 price and, going by ...
China’s authority has classified cryptocurrency mining as the industry that shall be eliminated immediately, a sign of growing government pressure on the cryptocurrency sector. China, a good fit for cryptocurrency mining with cheap electricity and land available in remote areas, has been doin...
In this concluding report from a recent RMIT Europe workshop on blockchain held in Barcelona, the focus is on China and blockchain. In the first post, the main speaker shares how blockchain stands to capture an estimated 35% of global economy cost - about $27 trillion. China seems ...
A Chinese bitcoiner, who persisted in hoarding bitcoin on a weekly basis amidst the crypto winter since 2015, has accumulated over 44 BTC by 2017 at the cost totaling $17,000 and kept these BTC intact throughout the next two dramatic years. Starting from March 11 2015, the guy, with the...
China is leading the world in the number of blockchain-related projects, with 263 in progress, according to a report by the state-run media outlet China Daily on April 2. The speed and effort of companies in embracing blockchain technology are startling. Citing data from the Beijing-based ...
Beijing Internet Finance Industry Association (BIFIA), a self-regulatory body focused on online finance in China, released a statement on Mar.21 warning against illegal financial activities involved with ICO, IEO, STO, Stable coins and other cryptocurrency/token-based fundrais...
With China’s Two Sessions gathering the country’s elites from corporates to political parties to pitch new development ideas and strategies, blockchain, as a nascent yet disruptive technology, has been attached growing importance at the country’s biggest annual political event. This year,...
Blockchain’s greatest potential scale of opportunity lies in its capability as a trust machine - a way to industrialise the manufacturing of truths. Its non-human way of producing truth exposes the technology’s economy to more than a third of the global economy in coming years giving it acces...
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