Category: China

Report: Hong Kong Stock Exchange Eyeing Blockchain Firm Acquisitions

Insider sources have suggested that the¬†Hong Kong¬†Stock Exchange (HKEX) is eyeing takeovers in the¬†blockchain¬†and other tech sectors, according to a Bloomberg article¬†published¬†September 21. Bloomberg cites ‚Äúpeople with knowledge of the matter‚ÄĚ as saying that the exchange is considering a change in strategy due to stalling trading links with exchanges in China, citing¬†worsening¬†U.S.-China¬†trade relations as a ...

Bitmain CEO Announces New 7nm Bitcoin Mining Chip

The bitcoin mining industry is having an exciting couple of days. Just a day after Bitfury revealed a new 14nm mining chip called the Bitfury Clarke, Bitmain has upped the ante with the announcement of a new 7nm application-specific integrated circuit (ASIC) processor that it says offers better hashing power and energy efficiency over older models. The ...

Candidate Receives First Ever Bitcoin Donation to a Political Campaign in Taiwan

A candidate for a local government seat in the city of Taipei has made history as the first politician in Taiwan to ever receive a campaign donation in bitcoin. According to BusinessNext, the bitcoin donation was made to Hsiao Hsin-chen who is vying for a seat in Taipei City Council on a New Power Party ticket. The ...

Alibaba’s Ant Financial to Launch Blockchain Backend-as-a-Service Platform

Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, is launching a blockchainBaaS (Backend-as-a-Service) platform, local news outlet China Money Network reports September 21. The announcement was reportedly made by Ant Financial vice president Jiang Guoefei at the Ant Technology Exploration Conference (ATEC) in Hangzhou yesterday. The new BaaS platform is being launched in tandem with an enterprise-focused “ant blockchain ...

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 plummeted, only a very small portion of those companies actually delivered what they said they would do. Only nine out of the 34 listed companies that announced plans to enter the blockchain space actually developed ...

Alibaba Founder Jack Ma Says Blockchain Will Have to Go Green

Alibaba founder and billionaire Jack Ma is one of technology’s most influential personalities. Speaking at the World Artificial Intelligence Conference in China on Monday, Sept. 17, Ma talked about using blockchain and other advanced technologies to lead society in a greener direction. Local news outlet cnBeta reported that the entrepreneur talked extensively about the use of artificial intelligence and ...

Chinese Rankings of Cryptocurrency Put Bitcoin Higher, EOS Still on Top

The Chinese Center for Information Industry Development (CCID), an organization working under China’s Ministry of Industry and Information Technology, posted rankings on Monday that reveal new aspects of its analysis of blockchain technology implementations by various cryptocurrencies. After months of low rankings, Bitcoin finally reaches the top 10, jumping over six other coins since the last analysis was published. ...

$1.5 Billion Blockchain Fund Founders to Finance Yen-Pegged Cryptocurrency

The founders of a $1.45 billion investment firm and a dedicated blockchain fund are teaming up to launch a new cryptocurrency whose value would be pegged to the yen. South China Morning Post reports that Grandshores Technology Group, a Hong Kong-based blockchain investment firm, is raising HK$100 million (US$12.7 million) to bootstrap the project, which aims ...

China Central Bank Warns of Cryptocurrency, ICO Risks in Public Notice

The People‚Äôs Bank of China (PBoC), the country‚Äôs central bank, has issued a public notice urging investors of risks in cryptocurrency trading and initial coin offerings (ICOs). The Shanghai branch of the PBoC issued a¬†public notice¬†on Tuesday to ‚Äúremind‚ÄĚ consumers and investors to increase their risk awareness of ICOs ‚Äď a radical form of fundraising ...

With Over 10,000 Blockchain Startups, Guangdong Has Been a Blockchain Hub in Southern China

In the name of the well-known blockchain startup Ripple,a new cryptocurrency pyramid scheme known as Ripple Reserves(or Ripple Fed) has bilked hundreds of thousands of naive investors out of a substantial sum of money in China, according to local news outlet BlockBeats. Ripple Reserves describes itself as a cutting-edge storage platform for Ripple’s proprietary tokens ,XRP,  and is initiated by the so-called ...

Police in Shanghai Arrested Suspects Who Attempted to Sell Data of 130 Million Consumers for 8 Bitcoin

Police in Shanghai have arrested the suspects who posted the sale message on a dark web forum in an attempt to sell data of 130 million hotel guests for 8 bitcoins. The hotel embroiled in the data breach, Huazhu Group Limited (NASDAQ: HTHT), is a leading and fast-growing hotel group in China, owning more than 10 ...