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China


The municipal government of Chongqing city, China, is mulling the formation of a “blockchain digital asset exchange,” but no one is quite sure what it means. On Thursday, the Economy and Information Committee, an economic development agency that forms part of the Chongqing government executive body, published five measures the city will take to advance blockchain …

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A Chinese entrepreneur who recently made headlines by announcing his plan for a blockchain “Uber”, may have got himself in legal hot water over his claims about a bitcoin tycoon, also from China. Chen Weixing made a number of accusations in a WeChat post on June 9, taking aim at Li Xiaolai, a successful Chinese cryptocurrency …

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China’s central bank has finished work on a blockchain-based system that digitizes checks issued by domestic businesses, according to a senior official. In an op-ed published by a local news source on Tuesday, Di Gang, deputy head of the digital currency research lab at the People’s Bank of China, said the department has “completed the infrastructure of …

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China Mobile Corporation, one of the three state-owned telecommunications giants in the country, is exploring the use of distributed ledger technology within its core mobile data business. According to patent application filed with China’s State Intellectual Property Office (SIPO) in November 2016 and made public on Tuesday, the company is eyeing the development of a …

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Qulian Technology, a China-based blockchain platform developer, has announced the completion of a 1.5 billion Chinese yuan ($234 million) Series B funding round. According to an announcement from Qulian on Sunday, the news comes just a week after the deal’s lead investor Xinhu Zhongbao, a Shanghai-listed real estate and finance firm, first disclosed its plan …

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A Chinese healthcare firm has reportedly raised 120 million yuan ($18 million) by issuing a custom cryptocurrency, despite China’s 2017 ban on initial coin offerings (ICOs). According to an Investor China report on Monday, the company involved – called Zhaoyun Group and apparently based in Hangzhou – focuses on the healthcare and scientific research industry. While the …

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China Central Television (CCTV), the country’s primary state broadcaster, has said the economic value of blockchain is “10 times more than that of the internet.” In a segment named “Dialogue,” aired Sunday night through the station’s Finance Channel, CCTV host Chen Weihong featured an hour-long discussion that was for the first time dedicated to educating its …

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Mining hardware giant Bitmain has been criticized over one of its latest mining products, the AntMiner B3, with Chinese users making allegations about its marketing tactics and quality control. According to a blog post from the AntMiner’s official WeChat account, the new product – dedicated to mining BTM, the native token of the Bytom blockchain …

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A popular Chinese mobile stock trading app appears to have removed its cryptocurrency price tracking feature just two weeks after the new service went live – possibly due to regulatory rumblings in the country. Reports first emerged on May 17 that the app – called Tong Huashun (or “Straight Flush” in literal translation) – had …

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The China Center for Information Industry Development (CCID) of the Ministry of Industry and Information Technology in Beijing announced its first monthly Global Public Chain Assessment Index at a recent conference. The platform is designed to offer detailed reviews of global blockchain projects by renowned experts in academia, industry and government bodies. Previously, the CCID …

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China’s Ministry of Public Security has developed a blockchain system aimed to more securely store evidence collected during police investigations. According to data released by China’s Intellectual Property Office on Tuesday, the ministry’s research arm filed a patent application in November 2017 for a blockchain-based system that timestamps and stores data submitted to the cloud …

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Iceland’s 600 missing bitcoin mining machines may be in China, local news reported last week. According to RUV, Icelandic police have sent Chinese authorities an inquiry after the latter country confiscated 600 mining computers. Police in the Tianjin area reportedly seized the machines after detecting unusually high electricity consumption, per Xinhua News. The Chinese news agency explained …

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Nearly half of the 26 publicly listed banks in China said they have deployed blockchain applications in 2017, according to a report. Chinese banking industry news source CEBNet said Friday that, among the 26 Chinese banks, 12 of them disclosed in their annual filings that blockchain applications were adopted for various use cases over last year. The …

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Cai Wensheng, an angel investor from China and chairman of photo retouching app provider Meitu, says he has achieved his goal of accruing 10,000 bitcoins. In an open group Q&A session with tech entrepreneur Wang Feng on WeChat on Thursday, Cai disclosed that although he was holding a single bitcoin in January of this year, he moved …

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China National Radio (CNR), a high-level government mouthpiece, has aired doubts about the legality of services offered by OKEx, the Hong Kong-based cryptocurrency exchange launched by OKCoin, previously one of the “Big Three” trading platforms in China. Through its podcast channel “Voice of China” on Thursday and later an article titled “Exchanges that still prevail after …

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The Industrial and Commercial Bank of China (ICBC), one of the country’s four largest state-owned commercial banks, is exploring a way to authenticate digital certificates and store data in a sharable blockchain. According a patent application filed with China’s State Intellectual Property Office (SIPO), the bank aims to use a blockchain system to improve the …

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Allegations of electricity theft have led to the arrest of bitcoin miners in two Chinese cities, according to reports. In the first instance, six individuals have been arrested in Tianjin, with the Xinhua news agency saying the suspects allegedly used 600 cryptocurrency miners to generate bitcoin with power taken from the local power grid. The …

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Inspired by the “#metoo” movement, students in China are coding messages onto the temper-proof ethereum blockchain to escape Chinese internet censorship. As Quartz reported on Tuesday, an anonymous address on the ethereum blockchain sent itself a transaction on April 23 holding code that contains the content of a censored open letter in order to permanently store …

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China’s government auditor thinks blockchain can “open up a window” to a more streamlined data storage. In an article published Tuesday on its website, the National Audit Office of the People’s Republic of China discussed using blockchain to alleviate the bottleneck caused by its current data storage infrastructure. At present, the office is responsible for a …

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