China


Markets

Financial Exchange Thinks Blockchain Can Keep Online Auctions Fair

A state-backed financial asset exchange in China has proposed a way of building a secure blockchain-based system for online bidding.

auction bid

Markets

Credit Rating Firm Backs $8 Million Fundraise for Crypto Alternative

A blockchain startup has raised $8 million in a seed funding round with a mission to develop a protocol to serve the unbanked.

sarah zhang

Markets

Bitcoin Mining Firms Make Unicorn List for First Time

For the first time, three bitcoin mining companies have made it onto a list of Chinese startups worth over $1 billion.

unicorns (shutterstock)

Markets

Chinese Tech Firm Probed Over Launch of Crypto-Mining Video Console

Leshi Internet, a video streaming service with a history of financial issues, is being questioned by a stock exchange over its move into crypto. 

Credit: Shutterstock

Markets

Richemont Director Jin Keyu Joins Blockchain Startup as Adviser

A board member at Swiss luxury goods maker Richemont has said luxury goods companies could use blockchain to bring transparency to their supply chain.

diamonds

Markets

Shanghai Stock Exchange: New Regulation 'Crucial' to Clear Way for DLT

Shanghai Stock Exchange sees potential for DLT in the securities market, but says the lack of a regulatory framework is a hurdle to be addressed.

shanghai stock exchange

Markets

PBoC Will 'Crush' Foreign ICOs Targeting Chinese Investors: Official

Pan Gongsheng, a vice governor of the People's Bank of China, has once more issued strong statements on initial coin offerings.

People's Bank of China's headquarters in Beijing

Markets

Crypto Tycoon Resigns From Blockchain Fund After Alleged Defamation

Li Xiaolai, a Chinese crypto investor, has resigned from a $1 billion blockchain fund following an online spat that led to a defamation lawsuit.

Exit

Markets

World's Largest Bank Eyes Faster Asset Exchange With Blockchain

ICBC, one of China's "Big Four" state-owned commercial banks, is seeking to patent a blockchain system to better execute financial asset transactions.

ICBC

Markets

1 Million Computers Hacked to Mine $2 Million-Worth of Cryptos

Hackers reportedly reaped more than $2 million in different cryptocurrencies after spreading malware across computers in China.

Computers