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Shanghai
Crypto Clampdown Hits Sichuan; DTravel Launches Airbnb Rival
China crypto mining clampdown hits Sichuan as miners seek safe-havens. Shanghai promotes digital yuan with a red envelope lottery. DTravel launches decentralized rival to Airbnb. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Shanghai-Backed Conflux Blockchain Wants to Bring DeFi to China
The company told CoinDesk that even though ICOs and fiat-to-crypto trading are not allowed in China, crypto-to-crypto trading is not banned.
Shanghai Government Invests $5M in Blockchain Startup Conflux
The Shanghai government has invested over $5 million in Conflux while putting the project on a list of 57 companies that focus on emerging technologies.
Hong Kong Blockchain VC Hires Former NEO Exec to Launch Shanghai Office
Former NEO general manager Zhao Chen joins Hong Kong-based venture capital firm CMCC Global to lead blockchain equity investments in mainland China at a new Shanghai office.
Blockchain Startup Conflux to Get Shanghai Government Funding for Research Institute
Shanghai will open a blockchain research center by the end of December with substantial investment, even as China’s government continues to crack down on crypto-related businesses.
Little-Known Crypto Exchange With Ties to a Shanghai Firm Halts Services, Says CEO 'Missing'
IDAX says its unnamed "global CEO has gone missing" and asked customers to stop using its services.
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.
BTCC to Cease China Trading as Media Warns Closures Could Continue
China-based exchange BTCC has announced it will be closing its doors to domestic trading, while Shanghai media indicates a broader crackdown.
Another ICO Conference Cancels in Wake of China Ban
A second conference on blockchain-based fundraising has been cancelled following news that regulators in China have formally outlawed the use case.
10 Insurance Firms Test Blockchain for Insurance in China
A group of insurance companies has completed a new blockchain trial in China aiming to utilize the security and traceability features of the tech.
