Screenshots of a purported pilot version of a wallet app for China’s forthcoming digital yuan are now circulating on social media. Screenshots of a purported pilot version of a wallet app for China’s forthcoming digital yuan are circulating on social media. Ling Zhang, executive director of M&A, Global Fiat, at cryptocurrency exchange Binance first shared…
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Multicoin Capital has lead a $1.5 million fundraising round in top Chinese DeFi “super-app” platform dForce. Blockchain and cryptocurrency venture capital firm Multicoin Capital has led a $1.5 million seed round for Chinese decentralized finance (DeFi) protocol dForce. Mable Jiang, the principal of crypto venture capital firm Multicoin Capital, told Cointelegraph that dForce’s plan to…
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Over 100 well-known global enterprises joined China’s new blockchain innovation alliance in megacity Chongqing. China has welcomed its first provincial-level Blockchain Innovation Alliance on April 14, according to ChinaNews. Major enterprises settles More than 100 well-known enterprises, both domestic and foreign, have joined the alliance. Members include Inspur, Tsinghua Unigroup, Huawei, IBM, Tencent, Alibaba and…
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China brings together 15 organizations to develop national standards for blockchain and DLT. The Chinese government and its federal authorities are getting increasingly involved in the blockchain space to push forward innovation throughout the country. In the latest, the government released an official notice stating that they have put together a technical committee of 15…
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Shenzhen and Huawei join in a partnership to boost blockchain and other technological adoption in the region. The government of the Nanshan District of Shenzhen, China has announced an agreement with the multinational telecommunications and consumer electronics giant Huawei to boost the adoption of blockchain, among other technologies, in the region. According to an April…
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Bitcoin ranks 14th on the latest blockchain project index released by China’s Center for Information and Industry Development. The Blockchain Research Institute headed by China’s Center for Information and Industry Development (CCID) released its 17th Global Public Chain Technology Evaluation Index on April 10. The index ranks 37 of the most widely used public blockchains…
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China holds more blockchain patents, but the number of U.S. companies invested in blockchain is greater. China is rapidly catching up to the United States with regard to blockchain-related investments, according to a recent report put together by New York-based research firm CB Insights. The researchers found that the East Asian country accounted for 22%…
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Experts say the correlation between Bitcoin’s value and its network hash rate is primarily long term, and price surges are not always apparent. Following an enormous drop in Bitcoin’s (BTC) network hash rate back on March 26, the premier currency’s hash rate increased between April 4 and April 6 by at least a whopping 33%,…
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35 multinational companies have applied for 212 blockchain-related patents in China, including Microsoft and Mastercard. China has been a hotspot for blockchain patents and development. As Cointelegraph previously reported, the National Intellectual Property Administration of China has awarded 2,191 blockchain patents between 2017 to 2019. Major multinational companies have also shown immense interest in filing…
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Blockchain tech can bring the trust and transparency that are essential during a crisis, especially a global one. The COVID-19 pandemic is not going to end soon. Fear and anxiety have skyrocketed, and nearly half of the people in the United States feel the coronavirus has harmed their mental health. People are scared, anxious, depressed,…
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