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A Chinese city in the world's bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity ahead of the summer rainy season.Ya'an, one of the many cities in China's mountainous Sichuan province, a region that's estimated to account for over 50 percent of Bitcoin network's computing
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EOS Ecosystem, a wallet app that attracts investors to deposit EOS with promised high returns, has reportedly shut down and possibly run away with close to $52 million, according to an April 20 report. $52M is gone and more is potentially missingThe local media’s investigation of EOS block transactions found the
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Tencent’s digital bank WeBank is exploring the integration of the DAML smart contract language for its consortium blockchain FISCO BCOS — the chain that will undergird China’s national Blockchain-Based Service Network (BSN).On April 16, WeBank announced that integration of the Digital Asset Modeling Language (DAML) — open sourced by its
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Network technology company Jinwowo and the China Mobile Blockchain Association Committee held a "cloud signing" ceremony on April 13 to partner on the development of the first “blockchain and e-commerce ecology" laboratory in Chongqing China, according to a Yuzhong news report.Blockchain solved the trust issueJinwowo will develop a blockchain
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The Chinese government and its federal authorities are getting increasingly involved in the blockchain space to push forward innovation throughout the country. In the latest, the government released an official notice stating that they have put together a technical committee of 15 organizations to devise national standards for blockchain and
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China is rapidly catching up to the United States with regard to blockchain-related investments, according to a recent report put together by New York-based research firm CB Insights.The researchers found that the East Asian country accounted for 22% of blockchain investments in 2019, compared to 31% for the U.S.
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China’s Ministry of Industry and Information Technology has called for feedback on draft guidance for standardizing data security in blockchain and other emerging technologies.In a document published on April 10, the ministry argued that data has become a “national basic strategic resource” and innovative element in social production. While the
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On April 9, Nervos (CKB), a public blockchain network, awarded $1 million dollars to several teams working on enhancements to its infrastructure. This represents the first of numerous upcoming payouts from the network’s previously announced $30M development fund.$100 M ICO — $30 M development fundIn 2018, Nervos completed a
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The National Internet Finance Association of China (NIFA) warned investors that cryptocurrency exchanges located outside of the country are engaged in manipulative practices on April 2.The People’s Bank of China (PBoC)-affiliated regulator cautioned investors that many off-shore exchanges wash trade to fake trade volume and engage in underhanded tactics
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The central Chinese province of Hunan has approved the establishment of the Wanbao blockchain zone in the city of Loudi. It is the first provincial blockchain zone in Hunan province, according to a local news report from March 4.Hunan punches above its weight among Chinese provinces housing blockchain workAccording
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