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China’s Reddit Tianya Is Launching Its Own Cryptocurrency

China’s Reddit Tianya Is Launching Its Own Cryptocurrency

On July 25th China’s Reddit Tianya, a social network of over 100 million registered users released a notice announcing that it will float its cryptocurrency TYT token which will be available in public beta on August 8th. According to its announcement, after six months of research and design, Tianya Community launched a new blockchain-based ecosystem to...

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China’s Government Censorship Agency Is Hiring a Crypto Expert

China’s Government Censorship Agency Is Hiring a Crypto Expert

The state-level Chinese government agency responsible for censoring media output in the country may soon have a cryptographer on the payroll – and with expertise in blockchain technology. The research center of the State Administration of Press – which is directly administrated by the State Council – is looking for a cryptographer who “keeps abreast...

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Seven Stars Cloud Partners with China VC Research Institute to Expand Tokenized Assets

Seven Stars Cloud Partners with China VC Research Institute to Expand Tokenized Assets

Seven Stars Cloud Group, Inc. (SSC), a global fintech firm focused on blockchain and AI-powered digital asset management, has partnered with the China Venture Capital Research Institute (CVCRI), according to a press release published July 23. The partnership will purportedly help SCC extend its to extend its asset digitization services. The new partnership will enable...

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China Accounts For Half Global Blockchain Patent Applications

China Accounts For Half Global Blockchain Patent Applications

Since 2009, there have been approximately 3,500 patent families related to blockchains worldwide, and more than 5,000 patent applications. China accounts for half. The patents related to the blockchain field were mainly applied in the past two years. Since 2015, the number of patent applications in the blockchain field has risen sharply. In 2016, the number...

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ILP: The Future Of Blockchain Investment

ILP: The Future Of Blockchain Investment

A new ICO-based alternative to debt-based ILP (Initial Loan Procurement) shows its application prospects and hopes to be applied soon. It combines the trading qualities of ICO tokens and the ability to fund blockchain technology without government regulation, but it also adds extra security and interest returns, which may make it the future of blockchain investment. ICO’s have always been a...

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China’s Blockchain Investment Facing Explosive Growth

China’s Blockchain Investment Facing Explosive Growth

According to the “2018 Blockchain Investment and Financing Report” released by the China Research Institute, the number of China’s blockchain enterprises has been experiencing growth for six consecutive years, and the investment and financing of the blockchain industry is exploding.   As of the end of 2017, there were more than 320 blockchain companies in the...

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China’s Annual Internet Conference Discusses Blockchain

China’s Annual Internet Conference Discusses Blockchain

The 17th annual China Internet Conference was recently held in Beijing from July 10-12, 2018. What started as an event to discuss China’s internet issues and policy has transformed into a platform for exchange and cooperation within the internet industry; actively promoting internet applications, and continuing to work on internet public welfare. This years conference focused on the “Innovative...

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$1.5 Million in Crypto Seized During FIFA Crackdown

$1.5 Million in Crypto Seized During FIFA Crackdown

Local police officials in China seized more than $1.5 million worth of cryptocurrencies as part of a crackdown on gambling during the 2018 FIFA World Cup. Chinese state-run media outlet Xinhua reported on July 11 that authorities first noticed the unnamed gambling platform in May following advertisements that claimed it would “accept international recognized cryptocurrencies including bitcoin, ether...

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Observers Split Over Floods Impact on Chinese Mining

Observers Split Over Floods Impact on Chinese Mining

Extreme weather conditions have claimed a new victim during floods — cryptocurrency miners. A combination of floods in Sichuan and heatwaves in Europe last week briefly dented the global “hashrate”, which measures crypto mining capacity — and offered a glimpse of what might happen if China succeeds in wiping out its bitcoin mining industry. The storms,...

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China’s Hashing Power: A Blessing or a Bomb Waiting to Explode?

China’s Hashing Power: A Blessing or a Bomb Waiting to Explode?

One of the major Bitcoin mining pools currently making waves is Bitmain which is a China-based industry giant that recently accounts for over 40% of the overall Bitcoin hashrate. Why is it making waves? Well, because it has raised some new concerns about the centralization of mining. Ever wondered how Bitcoin is generated? Do they...

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