Tag: china

Chinese Crypto Miners Goin Under, Asics Being Turned Into Scrap Metal

The once booming electronics market in Shenzhen has turned into a ghost-town for crypto miners according to a local media report.

FISCO BCOS’s Open Source Blockchain to Challenge Hyperledger Fabric and R3 Corda

An important consortium backed by recognized Chinese companies will be debuting as an open source blockchain ecosystem known as FISCO BCOS.

Ant Financial’s New Blockchain APP Upgrades the Housing Accumulation Fund Service in China

October 17, Ant Financial’s Alipay, China’s top mobile payment APP, launches its brand new blockchain application for the housing accumulation fund management scenario. After launching blockchain application in housing leases, medical electronic bills and electronic prescriptions areas, Ant Financial has joint hands with Yondervision, the leading housing accumulation fund management service producer in China, to develop a United Credit ...

Bitcoin Miner’s Suffering: Mining Machine Resale Value Only at 100 Yuan in China

Bitcoin mining is not a “gold rush” anymore. In the BTC bear market, the price of second-hand bitcoin mining machines takes a dive towards 100 to 200 yuan in China, leaving almost no one to have any interest in buying it, according to a local news outlet report. A Chinese miner who is identified by the surname Li invested ...

Architect of PBoC’s Digital Currency to Lead China Securities Depository and Clearing Corporation

Yao Qian, the former architect of China’s central bank digital currency, has left his position to take up the role of General Manager at China Securities Depository and Clearing Corporation Limited (CSDC), the state-run Shanghai Securities News reported on Monday. Yao has served as the director of the Digital Currency Research institution at the People’s Bank ...

In the Wake of the Tax Scandal That Engulfed Chinese Actress Fan Bingbing, How Can Blockchain Technology Improve The Future of the Tax System?

Three months after Chinese television host Cui Yongyuan accused actress Fan Bingbing of tax evasion and leaked her fraudulent contracts, Fan Bingbing as China’s highest-paid actress was heavily punished and ordered to pay more than 800 million yuan ($116 million) in tax and fines. Tax evasion scandals in a variety of industries are exposed from ...

Same Group of Advocates. Different Vibe.

A follow-up story about those individual investors who had been exploited by blockchain-related fraud When talking about the world of cryptocurrency, we oftentimes think of institutional investors and a handful of crypto investment groups that dominate the market. Yet, we forget to mention those anonymous individual investors who are caught up in the fear of ...

China’s Unique Crypto Paradigm | Part 1

Ever since China announced an ICO ban back in September last year, there has continued to be further antagonistic moves by the regulators towards cryptocurrency legality. Suffice to say the path so far has been far from ideal, with China being at the forefront of countries whose officials are yet to embrace cryptocurrency truly and ...

Qtum Blockchain Becomes Amazon Web Services Partner in China

Amazon Web Services' (AWS) China division is partnering with public blockchain project Qtum.

Crypto Exchange BTCC to Debut in South Korea; Partners with Blockchain AR Startup Scanetchain

BTCC, which was once one of the largest cryptocurrency exchanges in the world by trading volume, is going to launch its operations in South Korea next month.

Product Designers and OEMs Heavily Depend on Manufacturing in China, SophiaTX Blockchain Provides Desired Trust and Transparency

SophiaTX establishes presence in Chengdu, one of the fastest-growing cities in China.

PBoC’s Digital Currency Chief Departs to Lead Securities Clearing House

The former architect of China's central bank digital currency (CBDC) initiative has left the position to head the country's central securities clearing house.