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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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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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