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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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Meitu Founder Announces Accumulation of 10,000 Bitcoins in 2018

Cai Wensheng, the founder of Meitu Inc., a Chinese technology company that makes smartphones and selfie apps, has announced that his bitcoin holdings have reached a personal milestone of 10,000 BTC. Mr. Wensheng also discussed his investments in alternative cryptocurrencies, and compared the present state of the cryptocurrency sector to that of the internet of...

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Chinese Police Bust $13 Million Crypto Pyramid Scheme

Police in China’s northwestern city of Xi’An have arrested the founders of a claimed nationwide cryptocurrency pyramid scheme that allegedly amassed 86 million yuan ($13 million) from over 13,000 people. According to a report from local media source Huashang News, Wednesday, the scheme launched in March 28 this year after months in preparation by a primary suspect who...

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Bitcoin Miner Blames Trading Crackdown in China for Shooting

A bitcoin miner in Taiwan is blaming the crackdown on bitcoin trading in mainland China for an incident in which he was shot by local gangsters. According to a report from Taiwanese news source Liberty Times, the incident occurred on Saturday night, local time, when the two suspects allegedly scheduled to meet a bitcoin miner with...

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China’s Hangzhou Blockchain Industrial Park Opens With $1.6 Billion Backing

On April 9th, 2018, during the inauguration of China’s Hangzhou Blockchain Industrial Park, a $1.6 billion USD innovation fund was presented by the Xiongan Global Blockchain Innovation Fund, to provide a financial push to promising Chinese blockchain startups. Over the past few months, the Chinese government has shuttered several cryptocurrency-related activities such as initial coin...

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‘China Needs Better Regulation for Blockchain Growth’

The future growth of China’s blockchain industry will rely on well-designed regulatory and standardization frameworks in the country, according to industry experts. At the 2018 Bo’Ao Forum for Asia in China’s Hainan province on Tuesday, speakers including Chen Lei, CEO of cloud network provider Xunlei, and Li Lihui, who heads the Blockchain Research Working Group at China’s...

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Chinese Government Institute Launches Blockchain for Authentication

A Chinese government-led research body has rolled out a blockchain-as-a-service (BaaS) platform for identity and supply-chain tracking. Dubbed the Blockchain Registry Open Platform (BROP), the system, developed by China Banknote Blockchain Technology Research Institute, was officially launched at a financial technology summit in Hangzhou on Monday, according to Securities Times. While China’s internet giants Tencent, Baidu and...

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Financial Times – China leads blockchain patent applications

The Financial Times reports that China was the most active filer of blockchain patent applications last year as the country’s technology and financial services groups rushed to claim exclusivity on the “mutual distributed ledger” that could revolutionise finance and other supply chains. Data collated by Thomson Reuters from the World Intellectual Property Organisation (Wipo) database...

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China’s Biggest Political Event Sees Talk of Blockchain’s Potential

Chinese policy advisors from across various sectors have been weighing in on domestic blockchain development during the first days of an ongoing annual political event. Commonly known as the “Two Sessions” – comprising the National People’s Congress (NPC) and Chinese People’s Political Consultative Conference (CPPCC) – the event this year has already seen a wide range...

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Member Of China’s Main Political Advisory Proposes National Crypto Trading Platform

A member of China’s top political advisory board has proposed the creation of a national cryptocurrency exchange and other regulatory systems at one of the two annual sessions of China’s top legislative and advisory bodies, local news outlet Lie Yun Wang reported on March 3. Wang Pengjie, а member of the Chinese People’s Political Consultative...

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