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Arrest of Secret Crypto Miner in China Following Theft

A man in China has been arrested by the government for the alleged theft of power, in order to fund a secret cryptocurrency mine. Xinhua news company stated that the Anhui Province electricity company reported a spike in the use of electricity and this eventually led to the confiscation of over 200 computers used for...

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China and France to Build Eco Blockchain Skyscraper

China and France to Build Eco Blockchain Skyscraper

China And France come together to build eco-friendly, blockchain-monitored skyscraper. The New French Dream Towers, if successful, will bring the best of culture, technology, and nature together under one roof. Last month, French architecture firm XTU Architects partnered with Systematic, a French business consortium, and an undisclosed Chinese developer to construct an eco-friendly, blockchain-monitored skyscraper, according...

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Activists in China Use Blockchain to Avoid Censorship

Activists in China Use Blockchain to Avoid Censorship

Sources claim that a student of Peking University, Yue Xin, who made accusations against the university’s authority for trying to silence her, has written an open letter to the university on issues concerning an alleged sexual harassment by one of the university’s professor. To avoid government censorship, activists have proceeded to putting up the #MeToo...

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Ant Financial Looks to Blockchain Technology

Jack Ma-led Chinese e-commerce giant, Alibaba’s fintech conglomerate, Ant Financial considers blockchain technology as one of the five key technologies that will dominate every industry in the long-term. Ant Financial Hopes to Use Blockchain in its Core Businesses At the TechCrunch International City Event held in Hangzhou this week, Zhang Hui, the director of Blockchain...

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Bitcoin Yuan Trading Dips Below 1%

The much-publicised and controversial crackdown by China’s central bank on the country’s domestic cryptocurrency sector has had its desired effect on trading. The People’s Bank of China (PBoC) – the country’s central bank and financial regulator – has released data that claims bitcoin trading in China’s fiat currency, the renminbi (RMB), has dropped below 1 percent...

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Mining Giant Bitmain Valued at $12 Billion

Mining Giant Bitmain Valued at $12 Billion

Chinese bitcoin mining giant Bitmain has reportedly closed a Series B round funding, which values the firm at approximately $12 billion. Chinese business media Caixin reported on Friday citing anonymous sources familiar with the deal that although the exact number of the new equity financing is unknown, it’s somewhere between $300 million to $400 million. According to...

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Bitcoin Billionaire Outs Chinese Crypto Industry in Secret Recording

Bitcoin Billionaire Outs Chinese Crypto Industry in Secret Recording

A secret recording of the biggest Chinese bitcoin tycoon Li Xiao Lai has recently emerged on Chinese social media.  In this recording, he calls out many big names in the crypto space as “cheaters” and scammers, causing an uproar in the Chinese crypto scene. Who is Li Xiao Lai? Li Xiao Lai is a venture...

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Huobi China Works with Universities to Invest in Blockchain Development

Cryptocurrency exchanges are involved in the market not only by offering their services, buy also by investing large amounts of money in research and development. And this is what Huobi China is doing. It has decided to set up a $1 billion blockchain fund that will be used to invest in blockchain technology projects. Huobi China Blockchain Funding...

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Shenzhen Backs $79 Million Fund To Support City’s Blockchain Startups

Shenzhen Backs $79 Million Fund To Support City’s Blockchain Startups

The launch of a 500 mln yuan (about $79 ml) Blockchain venture capital fund for Chinese city Shenzhen was announced at a Blockchain Expo held in the city, local news outlet Sohu reported yesterday, April 22. Yesterday’s announcement at the China Electronic Commerce Association-hosted Expo stated that the Shenzhen Angel Investment Guidance Fund, an almost...

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Ripple Blockchain Network Adds China Payments Provider

Ripple Blockchain Network Adds China Payments Provider

Chinese payment provider LianLian International is joining RippleNet, the payment network that uses Ripple’s blockchain technology to facilitate cross-border transactions. Announced on Feb. 7, the news will see the Hong Kong-based LianLian International adopting Ripple’s xCurrent solution in an effort to bring same-day, cross-border transactions onto a blockchain for its existing customers. The product differs from Ripple’s xRapid solution, which,...

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