Cryptocurrency Analysis and News Portal
China is sparing no efforts to accelerate its blockchain development, with a growing number of patents related to the emerging technology. Wang Jianwei, a deputy head of the information technology development division at China’s Ministry of Industry and Information Technology, said on Monday at a forum that China currently has over
Read More
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Much like last week, China’s minor COVID flareups dominated the headlines as the country seeks to avoid more serious
Read More
Participation in the digital yuan test will provide MyBank and WeBank with new opportunities.Tencent’s WeBank and Ant Group’s MyBank have reached a deal with Chinese regulators to pilot test the China digital yuan. The two join a list of six state-owned banks already enrolled to test the CBDC.China keeps pushing
Read More
Bitcoin (BTC) returned to $40,000 on Jan. 8 as another price consolidation period ended characteristically briefly.Cryptocurrency market overview. Source: Coin360Data from Cryptox Markets, Coin360 and TradingView showed BTC/USD quickly rise to recapture the psycholigically significant price level during trading on Friday.After a 9% fall following runs to all-time highs the
Read More
Baidu is demanding a payment of $20 billion for its stake in the video streaming platform as it controls approximately 56% of iQIYI.Shares of Chinese online video streaming platform iQIYI Inc (NASDAQ: IQ) are down approximately 4% during Friday’s pre-market to trade around $21.55. The fall in iQIYI stock price
Read More
Tencent Cloud, the cloud computing arm of Shenzhen-based tech giant Tencent, launched a blockchain infrastructure engine and a blockchain-based trusted computing platform at its recent Global Digital Ecosystem Summit, further expanding Tencent’s foothold in the blockchain sector. The Blockchain Base Level Engine (区块链底层引擎) and its Blockchain Trusted Computing Platform (区块链可信计算平台), are
Read More
With an increase of 43% in 2020, Tencent has added $197.74 billion to its market value on Tuesday, pushing its market cap higher than that of Facebook.Tencent Holdings Ltd (HKG: 0700) has become more valuable than Facebook Inc (NASDAQ: FB), shooting past the American social media giant. After a huge
Read More
[sociallocker id="55298"] Tencent Cloud, the cloud computing arm of the Chinese internet giant Tencent, is preparing to bring together 100 organizations this year to establish the Industry Blockchain League.On June 4, China Banking News reported that the blockchain association will include members from various sectors including enterprises, industry associations, industry
Read More
Chinese internet giant Tencent is looking to invest heavily in new technologies like blockchain as it looks to move past the effects of the coronavirus epidemic. The creator of popular messaging service WeChat, Tencent is investing 500 billion yuan ($70 billion) into “new infrastructure” based on emerging technologies over the
Read More
OtherSide Entertainment recently announced that Chinese company Tencent would be “moving forward” with the troubled System Shock 3. Right now, the tweet is not particularly clear on what that actually means. If developing this game has been this hard, is it even worth continuing? System Shock 3 is a
Read More