Tagged: china

October 24, 2018 @ 9:20 am By Samantha Hurst  |  

XTransfer, a China-based cross-border financial technology company dedicated to serving foreign trade B2B enterprises today announces it has secured a $10 million through its Series A funding round, which was led by China Merchants Group with participation from 01VC, Yunqi Partners and Gaorong Capital. Founded in 2017, XTransfer… Read More

October 24, 2018 @ 8:15 am By Cali Haan  |  

The Cyberspace Administration of China has posted draft legislation that imposes sweeping responsibilities upon all Chinese companies providing access to blockchain networks, including the duty to censor content, South China Morning Post (SCMP) reports. The new laws were posted online last Friday and will be available for… Read More

October 20, 2018 @ 9:41 am By Xu Gao  |  

Xiaomi Eyes Consumer Financing and B2B Lending in India Chinese smartphone giant Xiaomi plans to enter the consumer finance and business-to-business (B2B) loan market in India. Xiaomi has followed the Indian company law and established a non-bank financial institution “Xiaomi Financial Services India” to apply… Read More

October 18, 2018 @ 10:35 am By Cali Haan  |  

New tariffs in the US that raise taxes on imports of crypto-mining machines from 2.6% to 27.6% may significantly impact revenues at Chinese companies like Bitmain, South China Morning News (SCMP) reports. The tariffs have come into place after American trade overseers in August reclassified, for… Read More

October 17, 2018 @ 1:36 pm By Samantha Hurst  |  

Ping An Insurance Group announced on Wednesday it has done a full update of its Ping An Cloud. The company reported the Cloud is entering a new phase of offering cloud services to external customers. As previously reported, Ping An is considered one of the largest… Read More

October 16, 2018 @ 10:28 pm By JD Alois  |  

Ping An Insurance Group held an investor day in Shenzen this week. Ping An is one of the largest financial companies in the world. The firm boasts 179 million customers along with 485 million internet users. The company trades on both the Hong Kong and… Read More

October 14, 2018 @ 8:33 pm By JD Alois  |  

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

October 13, 2018 @ 11:54 am By Xu Gao  |  

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

October 12, 2018 @ 6:59 am By Cali Haan  |  

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

October 10, 2018 @ 11:31 pm By Cali Haan  |  

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

October 8, 2018 @ 1:40 pm By Samantha Hurst  |  

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

October 4, 2018 @ 2:11 pm By Cali Haan  |  

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

October 2, 2018 @ 11:16 am By Samantha Hurst  |  

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

September 29, 2018 @ 12:43 pm By JD Alois  |  

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

September 29, 2018 @ 11:18 am By Xu Gao  |  

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

September 27, 2018 @ 11:37 am By Cali Haan  |  

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

September 24, 2018 @ 3:13 pm By Samantha Hurst  |  

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

September 24, 2018 @ 1:04 pm By Aubrey Hansen  |  

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

September 24, 2018 @ 12:52 pm By Cali Haan  |  

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

September 22, 2018 @ 6:58 pm By Xu Gao  |  

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