Tagged: china

November 2, 2020 @ 8:25 am By Omar Faridi  |  

John Lee Quigley, who’s focused on building Bitcoin media and research products at HASHR8 Inc, notes that Bitcoin (BTC) miners are about to enter an “extremely profitable” market. Quigley points out that cryptocurrency prices are surging but “input costs are about to drop significantly.” He… Read More

November 1, 2020 @ 11:13 am By Xu Gao  |  

CNCERT/CC IssueS the First General Security Technology Industry Standard for Blockchain On October 28th, the “Security Requirements for Blockchain Technology Architecture” led by the National Computer Network Emergency Response Technical Team/Coordination Center of China (known as CNCERT/CC) was officially released and implemented, making it the… Read More

October 30, 2020 @ 4:33 pm By Omar Faridi  |  

IRIS Foundation, which supports the ongoing development of IRISnet (which aims to serve as an interchain service hub for next-generation distributed applications), has introduced the Tech-Grants Program to fund application developers, teams, and initiatives that contribute to the development of IRISnet and the wider ecosystem…. Read More

October 27, 2020 @ 8:13 am By Omar Faridi  |  

A report published by Global Digital Finance notes that during the past 18 months, the developments related to central bank digital currencies (CBDC) have “accelerated dramatically.” CBDC projects have gone from the research stage to formulating key policy requirements. Countries like China have even introduced… Read More

October 26, 2020 @ 6:39 pm By Omar Faridi  |  

VeChain, the developer of blockchain-based solutions for enhancing supply chain management processes (among other use cases), will be involved in the launch of the first blockchain-based “intelligent” tumor treatment center. VeChain will be working cooperatively with Renji Hospital and DNV GL in order to introduce… Read More

October 26, 2020 @ 7:53 am By Omar Faridi  |  

Benjamin Quinlan, CEO and Managing Partner at Quinlan & Associates, notes that there’s now an “army” of advisors being engaged to support the initial public offering (IPO) of Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a… Read More

October 25, 2020 @ 3:59 pm By Xu Gao  |  

PBC Digital Currency Research Institute and Rural Credit Bank Fund Clearing Center Sign a Strategic Cooperation Agreement On October 20th, the Digital Currency Research Institute of the People’s Bank of China (hereinafter referred to as the Institute of Digital Currency Research) and the Rural Credit… Read More

October 24, 2020 @ 3:23 pm By Omar Faridi  |  

Chinese Fintech firm Lufax is reportedly planning to secure $2.36 billion through its US initial public offering (IPO). Lufax was once a top peer to peer lending platform but has since shifted into other areas of Fintech as well as online lending. Lufax’s management noted… Read More

October 22, 2020 @ 9:40 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from China’s top securities regulator for the registration of its Shanghai offering. As reported by Reuters, the… Read More

October 19, 2020 @ 7:58 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from Chinese regulatory authorities for the Hong Kong leg of its planned initial public offering (IPO). The Ant… Read More

October 17, 2020 @ 5:00 pm By Xu Gao  |  

Insurtech Platform Nanyan Information Technology Secures 250-million-yuan Series C Round of Financing On October 14th, Chinese Insurtech platform Nanyan Information Technology (hereinafter referred to as “Nanyan”) announced that it had secured 250 million yuan in a Series C round of financing. The investment was led… Read More

October 17, 2020 @ 1:30 pm By Omar Faridi  |  

A Bank of Japan official recently noted that there’s no single virtual currency that will completely dominate global transactions, but only if reserve banks focus on enhancing their existing settlement systems. China, which has been leading the charge when it comes to implementing a national… Read More

October 16, 2020 @ 12:33 pm By JD Alois  |  

OKEx, a top 20 crypto exchange, is under investigation by Chinese authorities according to a report. OKEx provides both spot and crypto derivatives trading. It has been widely reported that the price of Bitcoin tanked as word leaked out and OKEx suspended all withdrawals. The… Read More

October 15, 2020 @ 11:07 pm By Omar Faridi  |  

IRISnet, which aims to serve as an interchain service hub for next-generation distributed applications, is planning to integrate key services as a public chain service portal of China’s Blockchain Service Network. The integration of these services should offer a “low-threshold and convenient-access” development environment for… Read More

October 12, 2020 @ 11:16 pm By Omar Faridi  |  

Bianjie and the Wuhan Run He De Kang (RHDK) have partnered to implement a blockchain or distributed ledger technology (DLT) enabled Epidemic Early Warning System, in order to help in the fight against Covid-19. As mentioned in the announcement, Wuhan RHDK is a healthcare-focused, Big… Read More

October 12, 2020 @ 9:19 pm By Omar Faridi  |  

The AMTD Group, a financial services company rooted in Hong Kong and based in the Greater Bay Area with a global focus, has revealed that the Weihai City Commercial Bank Co., Ltd. (based in Weihai, Shandong Province – marine economy demonstration zones of China) was… Read More

October 11, 2020 @ 3:58 pm By Omar Faridi  |  

VeChain, the developer of blockchain-based solutions for enhancing supply chain management processes (among other use cases), has published its Financial Executive Report. VeChain says that it regularly releases its comprehensive financial report to promote greater “transparency, openness, and fairness.” The VeChain team noted that its… Read More

October 11, 2020 @ 12:50 pm By Omar Faridi  |  

IRISnet, which aims to serve as an interchain service hub for next-generation distributed applications, has published its monthly report – which goes over the platform’s main community and technical updates. Daniela Pavin from IRISnet notes that in September 2020, Harriet Cao, the co-founder at IRISnet,… Read More

October 7, 2020 @ 10:35 pm By Omar Faridi  |  

The developers of Qtum (QTUM), a platform for creating decentralized applications that aims to leverage certain technical aspects related to the security of the Bitcoin (BTC) network while providing smart contract functionality (somewhat similar to Ethereum), have confirmed that the month of September 2020 continued… Read More

October 6, 2020 @ 6:13 pm By Omar Faridi  |  

Joel Edgerton, COO at bitFlyer, a crypto-asset exchange that’s licensed to operate in Japan, the United States, and Europe, recently shared his views about the court case and charges brought against the Bitcoin Mercantile Exchange (BitMEX), a leading digital asset derivatives exchange. Edgerton also shared… Read More