The Chinese Olympic Committee alerts the public that the recent blockchain-enabled fundraising using the “Olympics” name is illegal. The Chinese Olympic Committee announced on April 8 that it’s repeatedly received complaints about illegal marketing pertaining to the upcoming Olympic Games. People claiming to be part of the so-called “World Olympic Sports Foundation” say they’re using…
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Baite, formerly one of the top Chinese mining pools, has dropped out of the BTC mining race in favor of altcoins. Although the Bitcoin hashrate has increased 33% in the last 48 hours the mining industry still faces uncertainties. This has left Baite mining pool, one of the top Chinese pools with no choice but…
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Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had a lacking business model, according to recent research. Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had deficient business models, according to recent research. Research sent to Cointelegraph by Chinese market research firm EqualOcean on March…
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A 150-year-old Chinese utility provider will ramp up blockchain adoption in partnership with VeChain and ENN Energy Holdings. Chinese energy company, Shanghai Gas, announced an expansion of its blockchain efforts following a successful trial partnership with supply chain management blockchain firm, VeChain (VET), on March 31. Shanghai Gas, founded in 1865, is owned by utility…
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More than 35,000 ‘blockchain’ companies are operating in China, but there are doubts that many of them even use blockchain technology. More than 35,000 blockchain companies are operating in mainland China — but it’s believed that many of them do not even use blockchain technology. In the first quarter of 2020, as COVID-19 shut down…
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Tokenization might be the best way for businesses to adjust to the new reality of the global coronavirus pandemic. The coronavirus pandemic is the only thing on most people’s minds right now around the world. The pending economic fallout is only surpassed by the anxiety induced by surging cases in both the United States and…
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Binance Academy has established a blockchain research institute in China to foster DLT innovation. Binance Academy, the educational arm of leading crypto exchange Binance, announced the establishment of a blockchain research institute in Shanghai on March 30. The Lingang Blockchain Technology and Industry Research Institute is intended to operate as a think-tank and talent hub…
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China’s oldest exchange OKCoin has secured crypto licensing in Japan, makes OKCoin the first international exchange to obtain the license through an official channel. OKCoin, one of the oldest exchanges in China, is continuing its crypto exchange business expansion, announcing on March 30 that it has officially secured licensing in Japan. OKCoin has been anticipating…
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SF Express, the second-largest courier services provider in China, is exploring the use of blockchain to transport critical supplies during the COVID-19 pandemic. SF Express, the second-largest courier services provider in China, is exploring the use of blockchain to transport critical supplies during the COVID-19 pandemic. On March 30, the Global Times — an English-language…
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CB Insights highlighted the boost in China’s blockchain-related deals and the decrease in U.S. investments. New York-based research firm, CB Insights, has released a report showing that Chinese startups are starting to substantially increase their blockchain-related investments. The research document, titled The Blockchain Report 2020, was published on March 11. It highlights that in 2015,…
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