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...
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,...
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....
