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Entering the Chinese Market as a Blockchain Startup

Entering the Chinese Market as a Blockchain Startup

This is a guest article submitted by Coleman Maher, Head of Partnerships at Origin Protocol.  Globalization is a powerful and seemingly irreversible force that has greatly improved the overall standard of living around the world. Technology is one of the primary drivers of globalization, and blockchain technology is one of the most talked about new technologies...

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Bitmain Being Sued For Stealing From Their Customers

Bitmain Being Sued For Stealing From Their Customers

Cryptocurrency mining giant Bitmain is facing a class action lawsuit for over $5 million that alleges unauthorized crypto mining by the firm. On Nov. 19, lead plaintiff Los Angeles County resident Gor Gevorkyan filed the case against both Bitmain’s China- and U.S.-based entities in the federal court of the Northern District of California, alleging that...

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Why Is China’s Blockchain Industry So Different From The One In The West?

Why Is China’s Blockchain Industry So Different From The One In The West?

This article was published on the WeChat platform orangefans and written in Chinese by one of their authors. Just having attended a blockchain related event in Prague, he speaks really open about his personal view and experience regarding blockchain and the different approaches of the Chinese and the Europeans. In early November, I attended a very different...

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China’s Middle Class is Investing in Crypto, Accounts for 10%

China’s Middle Class is Investing in Crypto, Accounts for 10%

Chinese middle class is diversifying their investments with cryptocurrencies. Less than 10% of China’s new middle class is placing crypto eggs in their wealth management baskets, according to the 2018 White Paper on the New Middle Class. This is the first time that the annual report is including Bitcoin and other cryptocurrencies as an investment option. The...

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China Top Coins – Infographic Series – 2018/09/21

China Top Coins – Infographic Series – 2018/09/21

China Top Coins – Infographics about the top Chinese coins, which include more specific data about 24h trading volume, the number of transactions made within 24h, the number of active addresses within 24h and the comparison between the ATH and current market cap. The goal of this series was to create something new and unique...

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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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