Chinese Army’s Blockchain Provider Approved for New Hyperledger Certification Program
Hyperledger green-lit a Beijing-based firm that serves the Chinese army to join its new certification program, as military blockchain use expands. Source
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Binance’s ‘Chinese Twitter’ Gets Blocked for Unknown Violations
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 China Times reported on Nov. 15.At press time, Binance’s Weibo page is blocked, displaying
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VeChain Price Surges 120% After Chinese Newspaper Mentions the Crypto
China’s largest newspaper refers to crypto asset VeChain as integral in the “From French Farms to Chinese Plates” food safety initiative. In a continuation of pro-blockchain sentiment, the People’s Daily publicize how blockchain is helping to restore consumer confidence in China’s food industry.Food Scandals In ChinaThe Chinese food industry is
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Chinese Blockchain Spending to Exceed $2B by 2023
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 growth rate of 65.7% from 2018 to 2023.China’s banking sector responsible for the bulk of blockchain spending
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Chinese State Media Organization Prints Bitcoin Overview Article
A Chinese media agency recently published a detailed article on Bitcoin on the front page of its newspaper on November 11, 2019. This development is in line with China’s latest positive stance towards cryptocurrency and blockchain technology. Some observers, however, believe that the new trend is a build-up to the
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Chinese Forex Regulator SAFE Expands Blockchain Cross-Border Pilot
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 at the end of October SAFE deputy head Lu
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Bitcoin Making Headlines in Chinese State Newspaper Xinhua
The last Sunday afternoon, some people began reporting that a Chinese state-owned newspaper Xinhua features Bitcoin on its first page. In the People’s Republic of China, there is a newspaper that everyone knows and respects – Xinhua. Founded on 7 November 1931 with headquarters in Beijing, nowadays – it serves as
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CEO of Chinese Mining Firm MicroBT Is Arrested After Bitmain’s Infringement Allegations
China’s Shenzhen Police has arrested Zuoxing Yang, known as the CEO and founder of MicroBT, a Bitcoin(BTC)trade mining equipment manufacturer based in China. According to the city police, Mr. Yang has been held to assist the investigators regarding a dispute between MicroBT and Bitmain in which the latter accuses the
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Chinese Police Hold MicroBT CEO Allegedly Over Dispute With Bitmain
The founder of Bitcoin mining rig manufacturer MicroBT is being held as of Nov. 8 by Shenzhen Police to assist in an investigation, according to a local news source. Police are likely to be questioning Zuoxing Yang over allegations of intellectual property infringement regarding the technology of Beijing-based Bitmain.Previous
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Chinese are Not Coming to Bag Bitcoin: Analyst
The bitcoin price climbed by more than 40 percent after China’s President Xi Jinping endorsed blockchain technology in his speech on October 25. Global outlets were quick to correlate the two events, stating that investors [probably] increased their holdings in bitcoin, hoping that the Chinese people would also do the
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