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China
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.

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.

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.

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.

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.

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.

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.

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.

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.

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.
