Tagged: china

Hong Kong is Rocking Fintech

Later this month, Hong Kong will host their annual Fintech Week. This year’s event is being billed as the “world’s first” cross-border Fintech event. The multi-faceted conference will straddle Honk Kong and Shenzen – the relatively new metropolis that links Hong Kong to China’s mainland. Macao… Read More

China: WeiyangX Fintech Review

Alibaba Submits Blockchain Patent Applications that Allow “administrative intervention” On October 6th, Chinese e-commerce giant Alibaba applied for a blockchain system patent, allowing third-party administrators to perform “special treatment” (e.g. suspend a smart contract or freeze an account associated with an illegal activity). For example,… Read More

Crypto Entrepreneurs Mount China’s Rich List

Fourteen cryptocurrency million- and billionaires have made their way onto a list of China’s richest individuals for the first time, says Bitcoin.com. Perhaps predictably, at the very top of “The 2018 Lexus Lexus Huron Rich List,” in spots one to three, appear the entrepreneurs behind… Read More

Princeton Researchers: Chinese Mining Concentration a Genuine Threat to Bitcoin Network Security

Five of the world’s six largest Bitcoin mining firms operate under Chinese jurisdiction, a fact that, among other factors, could seriously compromise the security of the network, researchers at Princeton claim in a new report. The report, “The Looming Threat of China: An Analysis of… Read More

China Rapid Finance Announces Regulatory Report & Board Change

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced last week that it submitted its P2P Compliance Self-Inspection Report to its local P2P regulatory office. According to the online lender, this new report is considered the first of three steps mandated in the… Read More

Crypto-to-Cash Conversions a “Vulnerability” Authorities Can Exploit, Says ICE Official

An assistant director at US Immigration and Customs Enforcement (ICE) told the Senate Caucus on International Narcotics Control this week that criminal cryptocurrency-to-cash conversions create a “vulnerability” that law enforcement can exploit. Assistant Director-Domestic Operations ICE, Matthew C. Allen, also told the Senate Committee that… Read More

Ping An Cloud Accelerator Opens Applications Process For Second Cohort

Ping An Group, a China-based insurance and financial institution, announced on Monday it is working with SparkLabs again for its Ping An Cloud Accelerator program. The company reported it has opened applications for the program’s second cohort. According to Ping An, the accelerator was designed to… Read More

China Fintech Samoyed Files for NYSE IPO

Samoyed Holding Limited, a China based Fintech, has filed to trade shares on the New York Stock Exchange. Samoyed is one of a growing number of Chinese Fintechs seeking a listing on a US exchange. The Form F-1 has been filed with the Securities and… Read More

China: WeiyangX Fintech Review

Bitcoin Mining Giant Bitmain Goes Public in Hong Kong On September 26th, Bitmain, a Beijing-based Bitcoin mining giant, finally disclosed its IPO prospectus to be listed on the Hong Kong Stock Exchange. CICC will serve as the sole sponsor. According to the prospectus, Bitmain’s net… Read More

How Chinese Investors are Circumventing the ICO and Crypto Ban

Xinhua News has confirmed that citizens in China are using various types of evasion to continue investing in ICO’s and crypto despite a comprehensive ban there. Essentially, the crackdown has pushed Chinese crypto activity underground: exchanges have moved off shore, there has been a boost in… Read More

Bitmain Announces New Crypto Mining Chip

Bitmain-ASIC-chip

Bitmain Technologies, a China-based consumer-grade ASIC miner, announced last week the launch of its ASIC chip BM1391 for mining cryptocurrencies using the SHA256 algorithm. According to Bitmain, the  ASIC SHA256 algorithm acceleration chip integrates more than a billion transistors and is optimized for maximum efficiency. It… Read More

Blockchain Technologies Can Inject Life Into the World of Academia

Scientific discovery is borne out of observing things that happen, say a hypothesis, and forming theories around the resultant data. This is how we come to understand our world and the various reactions which occur within it. An explosion in data collection has broadened the… Read More

Young Woman in China Lives Exclusively on Bitcoin for 21 Days

Bitcoin Girl in China

Support has been snowballing for a young woman attempting to live exclusively on .21 Bitcoin (about $1300) for 21 days in crypto-hostile China, Bitcoin.com reports. He Youbing’s experiment is being documented by a Chinese subscription channel, and 17 episodes of Bitcoin Girl 21 Days Digital Survival… Read More

China: WeiyangX Fintech Review

Steve Long on Unsplash Shanghai China

Shanghai Information Security Evaluation and Certification Center is Working on the Establishment of Blockchain Technical Security Standards According to a report called “Safety issues under the rapid development of the “blockchain +” industry”, blockchain security problems in 2018 have caused $2 billion in asset losses… Read More

Singapore Tightens Financial Cooperation with China

According to a release from the Monetary Authority of Singapore, China and Singapore have “achieved new milestones in financial cooperation.” During the 14th Joint Council for Bilateral Cooperation (JCBC), co-chaired by Singapore Deputy Prime Minister and Coordinating Minister for National Security, Mr Teo Chee Hean,… Read More

X Financial on IPO: We Have Built One of the Strongest Fintech Businesses in China

Earlier today, China based X Financial (NYSE:FXE) traded on the New York Stock Exchange (NYSE) in its initial public offering raising approximately $104.5 million as 11 million shares were floated at $9.50/share. The shares quickly jumped higher in early trading and eventually closed about 25%… Read More

China: Fintech / Peer to Peer Lender X Financial Trades on NYSE

Chinese peer to peer lending platform X Financial (NYSE: XYF) completed its initial public offering (IPO) today trading shares on the New York Stock Exchange. Deutsche Bank Securities Inc. and Morgan Stanley & Co. were joint book runners on the IPO. The IPO saw the Class… Read More

People’s Bank Admits It Was Behind Spate of Recent Anti-Crypto Measures in China

The People’s Bank of China admitted today that it is responsible for coordinating and initiating a spate of recent measures designed to quash cryptocurrency and ICO (initial coin offering) activity China. The bank says its National Internet Financial Risk Special Remediation Leading Group has been orchestrating… Read More

OurCrowd Labs/02 Portfolio Company ITsMine Named Top 10 Cybersecurity Startup

ITsMine CEO Kfir Kimhi and Ran Norman CTO

ITsMine, a cybersecurity company has been named one of the top 10  most innovative cybersecurity startups at China’s 2018 ISC Conference. ITsMine is a part of the  OurCrowd Labs/02, seed stage incubator portfolio, which focuses on cutting-edge tech in areas including AI, deep learning, autonomous transportation… Read More

China: WeiyangX Fintech Review

By 偉宗 勞 on Unsplash China Metro Transportation

Beijing Launches Internet Court, Accepting and Hearing Cases of Online Lending On September 9, Beijing unveiled its Internet court. The court, located in Fengtai District, mainly accepts cases regarding the Internet and intellectual property rights, including disputes caused by online loans, online shopping contracts, and… Read More

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