The Weibo accounts of Binance and the Tron Foundation are blocked, while those of Huobi and OKEx are still available. Binance’s official account on China’s major microblogging website Weibo has been blocked. The account of the major global exchange was blocked on Nov. 13, purportedly due to violations of the site’s policies, Taiwan-based publication The…
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Changpeng Zhao, founder and CEO of crypto exchange Binance, says the Chinese President’s endorsement of blockchain will inevitably drive mass adoption of crypto. Changpeng Zhao, founder and CEO of crypto exchange Binance, says the Chinese President’s endorsement of blockchain will inevitably drive mass adoption of crypto. In an interview with Bloomberg Markets: Asia on Nov.…
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Regulators in the Chinese autonomous province of Inner Mongolia intend to dispatch inspection units to assure the clean-up of local crypto mining companies. Regulators in the Chinese autonomous province of Inner Mongolia continue to crack down on the province’s crypto mining companies. The Global Times reported on Nov. 13 that northern China’s Inner Mongolia Autonomous…
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Chinese cryptocurrency mining giant Canaan Creative aims to raise $100 million in its United States initial public offering planned for this month. Chinese cryptocurrency mining giant Canaan Creative has announced terms for its United States initial public offering (IPO) planned for later this month. On Nov. 13, Renaissance Capital reported that Bitcoin (BTC) mining giant…
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Blockchain development in China will see a compound annual growth rate of 65.7% from 2018 to 2023, according to new research by IDC. China’s spending on blockchain technology will exceed $2 billion in 2023, official state-run publication Xinhua reported on Nov. 10. The report claims that blockchain development in China will see a compound annual…
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Huobi Chain on schedule for Q2 2020 mainnet launch, encouraging regulators to participate in the innovation of financial services. Cryptocurrency exchange Huobi has open-sourced the development of its Huobi Chain blockchain, the company has confirmed. In a press release shared with Cointelegraph on Nov. 12, Huobi said that Huobi Chain, which it unveiled in June,…
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The financial technology subsidiary of Chinese e-commerce giant Alibaba, Ant Financial, started testing its enterprise blockchain platform. The financial technology subsidiary of Chinese e-commerce giant Alibaba, Ant Financial, started testing its enterprise blockchain platform. According to local news outlet Sina Finance on Nov. 12th, the senior director of technology and business innovation at Ant Financial,…
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A senior official at the People’s Bank of China says it will listen to public demand to retain notes and coins, in line with previous cash protection measures. China is not launching a war on cash by introducing its own digital currency, a senior official from the central bank has said. As Reuters reported on…
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Chinese regulator State Administration of Foreign Exchange expanded its blockchain cross-border financing pilot program. Chinese regulator State Administration of Foreign Exchange (SAFE) expanded its blockchain cross-border financing pilot program. Local news outlet GlobalTimes reported on Nov. 11 that the system now covers 19 provinces and cities, up from nine. The development is unsurprising given that…
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China’s digital currency will launch in two to three months, said founding managing partner of HCM Capital Jack Lee. Founding managing partner of HCM Capital, the private equity arm of electronics manufacturer Foxconn, Jack Lee, says China’s Central Bank Digital Currency (CBDC) is ready and expects it to launch in two to three months. During…
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