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China Sees Surge In Companies With ‘Blockchain’ In Name

China Sees Surge In Companies With ‘Blockchain’ In Name

China sees sixfold surge in new companies with ‘blockchain’ in name. The blockchain name game in China echoes the trend during the internet bubble in the late 1990’s, when many companies around the world added ‘dot-com’ or ‘dot-net’ to their names. The country is now home to more than 4,000 such firms that identify with blockchain,...

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Are Blockchain Projects Destroying ‘Communities’?

Are Blockchain Projects Destroying ‘Communities’?

Since its release, Bitcoin’s market value has grown to more than $100 billion. The Bitcoin community has taken on the responsibility of promoting the rapid development of the industry, and this operation relies entirely on consensus within the group. Under the operation of the community, the market value of Bitcoin has soared. According to Ronnie Moas, founder...

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China’s Xi Hates Bitcoin, Not Blockchain

Despite the unhappy breakup between China and cryptocurrencies last year, President Xi Jinping is now calling the founding blockchain technology a ‘breakthrough.’ For the Chinese authorities, Bitcoin and other cryptocurrencies could create financial risk and potentially jeopardise Communist Party authority. Yet the blockchain technology, that cryptocurrencies are built on, could provide the PRC with greater...

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Thaw in the China crypto world – Hints of ICO ban only being temporary

Thaw in the China crypto world – Hints of ICO ban only being temporary

As discussed in our previous article, we expect the Chinese government to permit ICOs in the near future. We saw the ban as temporary so that there was time to draft legislation and control the hot money and potential investment scams within the industry.  A recent interview on CCTV- 13, a government-run television channel in China, corroborates this view. Similarly, a...

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Why China needs blockchain (but doesn’t need Bitcoin): Five predictions on the future of cryptocurrencies in China

Ever since the news got out that the Chinese government is blocking new ICOs, news sites and fora have been buzzing with speculations about the future of cryptocurrencies in China. Reactions vary from plain denial, clear misreading of the situation and doom-scenario forecasts for the global crypto market. Chinese coins took a strong hit (NEO went down 50% since the...

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ICOs Ban-What We Can Learn from China’s Real Estate Market

ICOs Ban-What We Can Learn from China’s Real Estate Market

Recently the Chinese government announced that it is considering to put all new ICOs on hold until further notice. The statement caused FUD amongst cryptocurrency investors and traders, and many scheduled ICOs, including Red Pulse (RPX), were postponed. One of the cryptocurrencies that suffered most from this was NEO, as the RPX’s initial coin offering...

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‘Blockchain Can Be China’s Global Tech Breakthrough’ Says Lizardo

‘Blockchain Can Be China’s Global Tech Breakthrough’ Says Lizardo

China’s appetite for Blockchain technology is getting bigger and the world needs to be ready for the breakthrough that the country may come up with, says Virgilio Lizardo Jr., vice president at Bitbank Group. Lizardo Jr has been in China for nine years and currently lives in Shenzhen where he handles international business development and other services for...

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Inside the JBI: China’s New Blockchain Research Effort

Inside the JBI: China’s New Blockchain Research Effort

The government of the Chinese province of Jiangsu is backing a new research effort, JBI,  aimed at offering unbiased information to businesses coming up to speed on blockchain. Launched in September 2016, the Jiangsu Huaxin Blockchain Research Institute (JBI) is now going public via CoinDesk as the first state-owned enterprise to focus solely on blockchain tech....