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Blockchain’s First Appearance in Alibaba’s ‘Double 11’: Tracing for 150 Million Overseas Commodities

Blockchain’s First Appearance in Alibaba’s ‘Double 11’: Tracing for 150 Million Overseas Commodities

As the e-commerce giant Alibaba held the first Double 11 Shopping Festival on Taobao.com in 2009, November 11th has become a special shopping day in China. Last year, Alibaba has earned $25 billion in 24 hours. This time, the firm is aiming to create greater glory with the help of blockchain technology. November 5, Ant Financial, the...

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Alibaba Wins Preliminary Trademark Injunction vs Cryptocurrency Alibabacoin

Alibaba Wins Preliminary Trademark Injunction vs Cryptocurrency Alibabacoin

AlibabaCoin, or ABBC, has a market value of $1.9 million; Alibaba has a value of $331 billion. Chinese e-commerce giant Alibaba Group Holding Limited has won a preliminary injunction against the cryptocurrency firm Alibabacoin Foundation. The legal victory centers on the use of the company’s name, or likeness, purportedly to promote the foundation’s similarly named...

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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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Chinese Crypto Moguls Respond to Recording Controversy

Following the controversy earlier this week, when leading Bitcoin tycoon Li Xiao Lai called out fellow crypto moguls, Chen Weixang, another leading voice in the community, has responded. On July 4th, Chen Weixing posted a response to Li Xiao Lai’s claims. Stating he would never be able to reconcile with the billionaire, Chen emphasised the lack...

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Microsoft Taiwan Announces Tripartite Blockchain Venture

Microsoft Taiwan has entered a partnership with Digital China and High Cool, aimed at opening blockchain technology to the Asia-Pacific market and greater expand business opportunities.  The initiative was revealed at a conference last month in Taipei City, promoting the use of blockchain technology to improve the financial, e-commerce, and entertainment industries. Sun Jikang, general...

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Blockchain Data Used in Chinese Court

A Chinese judge in a Hangzhou city court has authorized the use of blockchain as evidence in a legal dispute. The case was filed by local media company Huatai Yimei in a copyright infringement case against a Shenzhen technology firm. The plaintiff showcased images, the website source code, and other relevant evidence that had been stored on...

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Chinese Exchange ‘BTCC’ to Relaunch

Following its closure in September 2017, BTCC has announced plans to reopen the exchange platform, alongside the release of its own native token in the future. In late 2017, BTCC – formerly known as BTC China – was forced to shutdown due to pressure from the Chinese authorities. Last year, the Chinese government clamped down...

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New Cryptocurrency Regulation Speculation for China

There are indications that the Chinese government may be looking toward revisiting its controversial ban on cryptocurrency trading, in favour of regulating the market, following the promotion of regulation by China’s largest State-owned newspaper. At the end of May, an editorial on Globaltimes.cn, a news website owned by People’s Daily – China’s official communist party newspaper with...

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China’s Ministry of Industry and Information Technology to publish ratings for blockchain projects

A research unit under China’s Ministry of Industry and Information Technology said on Friday it would produce ratings for blockchain projects, in the latest effort by Beijing to regulate the technology that underpins virtual currencies such as bitcoin. Blockchain is a digital data structure that is most recognised for verifying and recording transactions using a...

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Huawei to Offer First Crypto Wallet App on Latest Smartphones

Chinese telecommunications firm and smartphone maker Huawei is partnering with BTC.com to roll out a mobile cryptocurrency app for the tech giant’s newly launched app store. BTC.com, which is owned by mining giant Bitmain, tracks cryptocurrency mining and block information, while also providing a digital wallet service. The site’s vice president for business operations, Alejandro...

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