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Chinese Ponzi scheme victims accuse Justin Sun of complicity through silence

Chinese Ponzi scheme victims accuse Justin Sun of complicity through silence

Chinese victims of a billion dollar Ponzi scheme that defrauded hundreds of thousands are baying for the blood of Tron CEO Justin Sun, Chinese crypto news site Nuclear Finance reported today.  Tron is known by the name “Wave Field” in China. But a Ponzi-like “Wave Field Super Community” scheme also traded on that name and claimed associations with...

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“Official Chinese Currency Renminbi to Become Cryptocurrency”

“Official Chinese Currency Renminbi to Become Cryptocurrency”

Donald Tapscott, executive chairman of the Blockchain Research Institute, stated that the official Chinese currency, the renminbi (RMB), will become a cryptocurrency, in an interview with Bloomberg on April 17. In the interview, Tapscott revealed that he had recently been at a meeting with the vice-chairman of the Communist Party in China, who recalled that President Xi Jinping thinks that blockchain is one...

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Qtum CN CTO: No matter Security or UT – Our Tech is Ready

Qtum CN CTO: No matter Security or UT – Our Tech is Ready

Interviewing Qtum CEO Patrick Dai in November 2017, we thought it was time to get in touch with the famous project again. This time, we had the pleasure to talk to CN CTO Wenbin Zhong about technical details, developments, and achievements including their x86VM prototype, the QtumX enterprise version test net, Qtum and security tokens...

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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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