Tagged: china

September 2, 2021 @ 7:57 pm By Omar Faridi  |  

Digital securities exchange ADDX – previously doing business as iSTOX – expects to “enlarge its business in China significantly, after concluding a $200-million agreement tied to a government-granted quota for Chinese offshore investments,” according to an update shared with Crowdfund Insider. The Qualified Domestic Limited… Read More

August 31, 2021 @ 11:18 am By Omar Faridi  |  

Stripe, a tech firm that develops vital economic infrastructure for the Internet, has extended ts partnership with China’s UnionPay International, which is one of the biggest payment networks in the world. The updated integration should enable businesses in over 30 different markets, including Australia, Singapore,… Read More

August 30, 2021 @ 10:53 pm By Omar Faridi  |  

Trading Technologies International, Inc. (TT), an international provider of high-performance professional trading software, infrastructure and data solutions, and Mysteel Singapore Pte ltd (known as Mysteel Commodity Services), an established commodities broker with a “major focus” on China, confirmed that they’ve partnered to introduce an electronic… Read More

August 29, 2021 @ 8:26 am By Xu Gao  |  

Digital RMB Used in China’s Futures Market for the First Time On August 24th, the Dalian Commodity Exchange had paid the fees to Dalian Liangyun Group Storage and Transportation Co., Ltd in the form of digital RMB, making it the first use of digital RMB… Read More

August 22, 2021 @ 1:45 pm By Xu Gao  |  

Tencent: No Plan to Provide Palm Payment Service  This week, Tencent was reported to provide a new palm payment service, which would be the first of such functions in China and would be linked to the user’s WeChat account. However, Tencent has denied this news… Read More

August 17, 2021 @ 10:03 am By Omar Faridi  |  

The researchers at BitOoda have noted in a recent update that this past Friday’s Bitcoin (BTC) network difficulty reset “took the target Hashrate (or amount of computing power securing the network) to 111 EH/s, up ~7% over the prior epoch.” BitOoda, a global digital asset… Read More

August 15, 2021 @ 12:12 pm By Xu Gao  |  

Shenzhen to Pilot Chief Data Officer System According to a notice released on its official website on August 11th, Shenzhen municipal government, governments of Futian District, Nanshan District, Baoan District, Pingshan Districts, and eight city-level bureaus (including the public security bureau and human resources bureau)… Read More

August 12, 2021 @ 7:25 pm By Omar Faridi  |  

The team at aelf, a decentralized Cloud computing blockchain platform, told CI that their mainnet has proven performance and function. The team will be conducting its mainnet token swap in September 2021. Additionally, the aelf team shared updates regarding its work with the Chinese government…. Read More

August 9, 2021 @ 11:26 am By Omar Faridi  |  

In April of last year, China had started testing out the the virtual yuan, becoming one of the first world governments to issue a Central Bank Digital Currency (CBDC). CBDCs like the virtual renminbi are government-issued, blockchain or distributed ledger tech (DLT)-enabled versions of a… Read More

August 7, 2021 @ 1:15 pm By Xu Gao  |  

Shanghai Taxis Began to Accept Digital RMB Payments Shanghai Qiangsheng Taxi Company has equipped its 6000 clean energy taxis with digital RMB payment capability. Customers could hail these taxis on 62580 APP. When they arrive at their destination, they could scan the QR code on… Read More

August 4, 2021 @ 10:36 pm By Omar Faridi  |  

OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), an established  technology-as-a-service platform for financial institutions based in China, has released its unaudited financial results for Q2 2021 and H1 for the period ending June 30, 2021. As noted by OneConnect, revenue surged 25.0% YoY to RMB968… Read More

August 2, 2021 @ 11:17 pm By Omar Faridi  |  

Jake Chervinsky, the General Counsel at Compound Finance, recently shared insights and his take on the deal with the recently proposed US infrastructure bill. 1/ 🚨 Here's the deal with the US infrastructure bill: A new provision has been added that expands the Tax Code's… Read More

August 2, 2021 @ 9:26 pm By Omar Faridi  |  

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, and Temasek have entered into an agreement to introduce a $500 million growth or early-stage debt financing platform, known as EvolutionX Debt Capital. Based in Singapore, EvolutionX… Read More

July 29, 2021 @ 9:40 pm By Tony Zerucha  |  

Recent activity in China is having global effects, the CEO of Sun Global Investments said. Earlier this week global stocks retreated following Chinese equity declines over three consecutive sessions that saw CSI 300 of Shanghai and Shenzhen listed companies close 3.5 per cent lower while… Read More

July 21, 2021 @ 12:44 am By Omar Faridi  |  

The team at BitOoda, a global digital asset financial technology & services platform providing next-gen risk management solutions, best-execution brokerage & expert market analysis, has released their Weekly Hash Report, dated July, 19 2021. As noted in the report from BitOoda, hashrate or the amount of… Read More

July 20, 2021 @ 10:47 am By Xu Gao  |  

Alibaba Establishes Digital Agricultural Subsidiary According to information from Tianyancha, Alibaba Digital Agriculture (Shandong) Co., Ltd. was established on July 12th, with a registered capital of 10 million yuan. This company is a fully owned subsidiary of Alibaba (Shanghai) Co., Ltd. Its business scope includes… Read More

July 18, 2021 @ 11:33 am By Omar Faridi  |  

Kristo Käärmann, Co-founder and CEO of Wise (previously dba TransferWise), which aims to make money work without borders, notes that they’re building the world’s most international account. 1/ @Wise Q2 Mission Update is here. Our team is 2,600 people now. How much progress did we… Read More

July 14, 2021 @ 9:00 am By Omar Faridi  |  

Mettalex, a decentralized cryptocurrency and traditional commodities derivatives trading platform that is powered by Fetch.ai, reveals that it has launched DEX Yield Farming for commodities, adding new markets to the decentralized finance (DeFi) ecosystem. Liquidity providers are now able to generate a “highly-competitive” yield by… Read More

July 13, 2021 @ 4:29 pm By Omar Faridi  |  

The research analysts at BitOoda have published their Weekly Hash report, dated July 12, 2021. The report reveals that cryptocurrency miner economics have improved despite the range-bound Bitcoin (BTC) price. The BitOoda team writes in a blog post that China’s Bitcoin mining ban “continues to… Read More

July 12, 2021 @ 8:30 am By Xu Gao  |  

WeChat Pay Offers Special Call Center Service for Users Over 60 Years Old On February 3rd, CNNIC released “The 47th Statistical Report on China’s Internet Development”. Up to December 2020, the number of mobile payment users in China stood at 853 million, up 87.44 million… Read More