Posts in category

China


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. Yao Qian, who founded the Digital Currency Research Lab at the People’s Bank of China (PBoC) last year, has now taken up the role of general manager at the China Securities Depository …

0 38

Distributed though it may be, the EOS community has fought hard to remain united. As of June, two rival groups were briefly in competition to launch the official EOS blockchain (or mainnet) using code released by the company behind the protocol, Block.One. The standoff was resolved, and the EOS community launched a unified network later …

0 35

This post was originally published here Chinese entrepreneurs behind some of the biggest cryptocurrency startups in the world have made the country’s billionaire list for the first time. Hurun, the organization that tracks high net-worth individuals in China and worldwide, on Wednesday released its latest list of the wealthiest executives in China – all being worth at least …

0 37

Chinese entrepreneurs behind some of the biggest cryptocurrency startups in the world have made the country’s billionaire list for the first time. Hurun, the organization that tracks high net-worth individuals in China and worldwide, on Wednesday released its latest list of the wealthiest executives in China – all being worth at least 2 billion yuan, or $288 million. …

0 36

The People’s Bank of China (PBoC) is looking to recruit blockchain tech and legal experts as it continues development of its central bank digital currency. According to various employment ads posted on Tuesday, the central bank is currently hiring four engineers with expertise on system architecture, chip design, blockchain development and application, cryptography and security protocol …

0 35

This post was originally published here Much noise has been made about the untraceable qualities of Bitcoin and other cryptocurrencies. Bitcoin “can be used to buy merchandise anonymously” said early primers on crypto, it offers users the kind of financial privacy that was previously available only from a “Swiss bank account,” say more recent commentators. …

0 36

This post was originally published here Beijing Sci-Tech Report (BSTR), China’s oldest media publication covering the tech industry, has announced it will offer subscriptions payable with Bitcoin (BTC), local media outlet Guangming reported Sunday, September 30. An evidently rare occurrence from China, were government pressure has forced crypto exchanges and Initial Coin Offering (ICO) operators to halt activities over the past year, …

0 35

This post was originally published here Gone are the days when shady dealings in crypto were perceived as immune to the clutches of law enforcement. Illicit crypto proceeds can be shuttled between wallet addresses at the click of a mouse, and their obfuscation behind the multiple strings of numbers and letters of wallet addresses can …

0 36

An arbitration body in the Chinese city of Nanjing has launched an online ruling system that it says has a built-in blockchain network for depositing and storing data in legal disputes. The Nanjing Arbitration Committee announced on Thursday that the online platform is now live in a testing phase. Data uploaded to the system will …

0 37

Bank of Communications, one of the four state-owned commercial banks in China, has completed a major issuance of residential mortgage-backed securities (RMBSs) using a blockchain network. China Securities Times, the mouthpiece of Chinese financial regulators, reported on Thursday that the banking giant issued a total of 9.3 billion yuan (or around $1.3 billion) worth of …

0 36

That Bitmain is a behemoth is hardly news. CoinDesk had previously reported that the cryptocurrency mining hardware maker brought in revenues of $2.5 billion in 2017 and $2 billion in Q1 2018, but with the publication on Wednesday of Bitmain’s draft initial public offering (IPO) prospectus – a step towards its much-anticipated listing on the Hong …

0 35

Founding partners of the $1 billion blockchain fund backed by the government of the Chinese city of Hangzhou are planning to roll out a Japanese yen-pegged stablecoin. Yao Yongjie, one of the founding partners of the Xiong’An (Grandshores) Blockchain Fund, said the work has already started on the project and that the team hopes to …

0 36

Crypto exchange OKCoin’s founder Star Xu has been released from a police department in Shanghai after 24 hours assisting an investigation into investors’ accusations that OKEx manipulated bitcoin futures on its platform. Chinese business media outlet Caixin reported on Tuesday that, since the night of Sept. 10 (China time), Xu had been answering questions at …

0 36

A Chinese government agency in charge of social services is planning to adopt blockchain technology for an upgrade of its current charity tracking system – a move aimed to bring greater visibility into public donations. The country’s Ministry of Civil Affairs released an action plan for 2018–2022 on Monday, which outlined several areas in which …

0 37

The WeChat messaging app is continuing its efforts to block official accounts that involve cryptocurrencies, now targeting those that distribute content for sales of bitcoin miners and cryptocurrency market analysis. The official sales channel of bitcoin mining giant Bitmain, which has the WeChat ID “antminersale,” appears to be blocked on Monday. As of press time, …

0 37

Blockchain can now be legally used to authenticate evidence in legal disputes in China, according to the country’s Supreme People’s Court. The court released new rules on Friday – that take immediate effect – clarifying various issues relating to how internet courts in China should review legal disputes. Part of the new regulation specifies that internet …

0 39

Convicts on parole in the southern Chinese city of Zhongshan can now find themselves being tracked over a blockchain network. The justice department of Zhongshan says it has launched a blockchain-based system that can monitor the movements of ex-prisoners to improve the quality of so-called “community correction,” a local media source reported on Thursday. The technology …

0 36

The Digital Currency Research Lab of the People’s Bank of China (PBoC) is further expanding its ongoing research efforts to several cities outside of Beijing to encourage deployment of fintech, including blockchain, in real-life projects. According to a report on Wednesday from local financial news source Securities Times, the lab has launched a fintech center in Nanjing, …

0 39

A blockchain trade finance platform spearheaded by China’s central bank has entered the testing phase ahead of an official roll-out. According to a report from 21st Century Business Herald on Tuesday, the first phase of the so-called Bay Area Trade Finance Blockchain Platform is already deployed across financial institutions in the southern city of Shenzhen and is …

0 37

A special economic zone in China’s Guangzhou city is following the lead of Beijing’s financial district in banning activities that promote cryptocurrencies. According to a news report from National Business Daily on Wednesday, the finance department of the Guangzhou Development District issued a notice to local businesses on Aug. 24, prohibiting them from hosting any …

0 39