Tag: china

Chinese Energy Outfit to Support Spanish 300 MW Crypto Mining Farm

Chinese energy company Risen Energy has partnered with  a Spanish cryptocurrency mining farm will to develop capacity of up to 300 megawatts (MW) of photovoltaic power.

Binance Is the World’s Largest Crypto Exchange, Thanks to China

When Binance first started, it was just another cryptocurrency exchange promising users’ exposure to a variety of cryptocurrency. Come last quarter of 2018; it has become the world’s largest exchange by trading volume by following a simple strategy — avoiding China.

Alibaba’s Taobao Bans Cryptocurrency and ICO Services on Its Platform -Thu Oct 4

Taobao, popular Chinese e-commerce site and a subsidiary of Alibaba Group, will ban the listing of services for cryptocurrencies or ICOs.

The First Offshore RMB Stablecoin: a Farce

On September 18, several Chinese media announced that CITIC International Assets Management Limited (hereinafter referred to as CIAM) and Galaxy Digital Assets Management Company Limited (hereinafter referred to as “Galaxy Asset Management”) launched the first stablecoin pegged to offshore renminbi (CNH). It is named as the Wealth in Token(WIT). Based upon the released articles and ...

Chinese Bitcoin Billionaire Unexpectedly Exits Crypto Industry, Controversy Ensues

Cryptosphere Says Goodbye To Chinese ‘Bitcoin Tycoon’ ...

JD.com Opens Institute for Building ‘Smart Cities’ With Blockchain and AI

A division of Chinese e-commerce giant JD.com, JD Finance, has established the Smart City Research Institute at its headquarters in Nanjing.

Chinese Bike-Sharing Behemoth Ofo Denies Using GSE Tokens To Raise Funds

The Chinese bike-sharing startup ofo denied the media report claiming that it used a cryptocurrency known as GSE( Global Sharing Economy) for fund raising.

$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 ...