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Volvo Cars Use Blockchain to Aid Electric Vehicle (EV) Production

Volvo Cars Use Blockchain to Aid Electric Vehicle (EV) Production

Volvo Cars, based out of China, needs a regular supply of cobalt because of its use in EV batteries. However, the Cobalt was primarily obtained from Congo, which presented a massive social problem for EV users. Statistically, about two-thirds of the world’s Cobalt supply was from Congo. Reportedly, due to the apparent increase in demand...

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New Chinese Crypto Ranking: Tron Remains 3rd Despite Fuss, Bitcoin 11th

New Chinese Crypto Ranking: Tron Remains 3rd Despite Fuss, Bitcoin 11th

The China Electronic Information Industry Development (CCID) that operates directly under the Ministry of Industry and Information Technology, released its latest crypto rankings, excluding bitcoin from the top 10. Tron managed to keep its Top 3 ranking, despite Justin Sun seemingly being in trouble last week. In May, as reported by CCN, the CCID ranked bitcoin as...

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Chinese Mining Giant Becomes ‘First’ To File US IPO

Chinese Mining Giant Becomes ‘First’ To File US IPO

Chinese Bitcoin mining giant Canaan Creative has allegedly filed a $200 million initial public offering (IPO) request with United States regulators.  Report: Canaan ‘beats Bitmain’ to IPO filing That was according to a report which appeared on local social media platform WeChat on July 31, which claimed the application was already sitting before the U.S. Securities and Exchange Commission (SEC).  Despite...

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Bitfinex Investor Raising $21 Million for Binance-Style Exchange Cryptocurrency

Bitfinex Investor Raising $21 Million for Binance-Style Exchange Cryptocurrency

RenrenBit, a China-based crypto peer-to-peer lending and wallet startup founded by well-known over-the-counter (OTC) trader Dong Zhao, has lined up commitments worth $21 million for its own token sale. The lending platform kicked off the sale of 21 million RRB tokens on Monday, each priced at 1 USDT, the dollar-pegged cryptocurrency issued by Tether. It’s...

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PBoC official: Libra must be regulated

PBoC official: Libra must be regulated

Libra can’t function as a cross-border fund transfer option without support from central banks. “The quality of the code isn’t stable:” PBOC. Facebook Inc. plans to issue a cryptocurrency called Libra will have to fall under the regulators’ eye. This is according to the views of the deputy director of the People’s Bank of China’s...

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People’s Bank of China Blockchain Platform Has Processed Nearly $4.4B This Past Year

People’s Bank of China Blockchain Platform Has Processed Nearly $4.4B This Past Year

In September of last year, the People’s Bank of China (PBoC) released its blockchain trade finance platform. Chinese media is now reporting that the ‘experiment’ has been a massive success, reaching billions of dollars worth in transactions on foreign exchanges. China has been experimenting with blockchain for some time, but authorities are just now releasing...

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Tron Calls Police to Protect Beijing Office Against Angry Mob

Tron Calls Police to Protect Beijing Office Against Angry Mob

The Tron office in Beijing has been surrounded by police as a crowd gathered to protest against a Chinese ponzi scheme that went under a Tron-like name, Twitter personality Crypto Authority reports on July 8. Videos with crowds surrounded by police officers in the Tron’s office have spread over Twitter, with people apparently coming to express outrage at a local crypto scam that reportedly led to $30 million worth of losses and one...

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Chinese Ponzi scheme victims accuse Justin Sun of complicity through silence

Chinese Ponzi scheme victims accuse Justin Sun of complicity through silence

Chinese victims of a billion dollar Ponzi scheme that defrauded hundreds of thousands are baying for the blood of Tron CEO Justin Sun, Chinese crypto news site Nuclear Finance reported today.  Tron is known by the name “Wave Field” in China. But a Ponzi-like “Wave Field Super Community” scheme also traded on that name and claimed associations with...

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