Tag Archives: China

Tencent to Use the Blockchain to Derail China’s Counterfeit Invoice Industry

Tencent to Use the Blockchain to Derail China’s Counterfeit Invoice Industry

Sellers of counterfeit, illegally-made receipts help businesses take advantage of tax loopholes in China, but that’s set to change with the application of blockchain technology in the handling of digital invoices. Disrupting China’s Counterfeit Invoice Market Faked official invoices are big business in China. One person who creates these legal proof of payments — “fapiao” […]

Bitcoin Price Struggles After Blockchain Week, Possible New Regulatory Pressure

Bitcoin Price Struggles After Blockchain Week, Possible New Regulatory Pressure

Cryptocurrencies continue to slow down today as all major coins are in the red on Tuesday. Bitcoin (BTC) is struggling for gains above $8,500 following concerns over increased regulation according to Naeem Aslam, chief market analyst at Think Markets: “The recent selloff has come from the news out of China that the ICO [initial coin offering] market is still very […]

Hodler’s Digest, May 14-20: Crypto Ban FUD And Blockchain Adoption Galore

Hodler’s Digest, May 14-20: Crypto Ban FUD And Blockchain Adoption Galore

Top Stories This Week Circle Partners With Bitmain For Planned Release Of USD-Backed Stable Coin Circle Internet Financial Ltd. has finished a $110 mln investment round with led by Chinese mining hardware manufacturer Bitmain as part of their project to create a US-dollar backed stable coin. The Circle USD Coin, which will function as an ERC-20 token on […]

China National Radio Alleges OKEx Illegally Trading Crypto Futures In China

China National Radio Alleges OKEx Illegally Trading Crypto Futures In China

China National Radio’s (CNR) “Voice of China” program has alleged that the crypto exchange OKEx is illegally working in China with Chinese clients, CNR reports Thursday, May 3. Chinese crypto exchanges have been banned from operating in the country by the government last fall. As of press time, OKEx is the third ranked exchange by 24 hour trading volume […]

Hong Kong and Singapore Welcome Chinese and South Korean ICOs

Hong Kong and Singapore Welcome Chinese and South Korean ICOs

As China continues on the path of restrictive and ambiguous regulation over their growing fintech industry, tech companies are leaving in droves for the more welcoming shores of Hong Kong and Singapore. Hong Kong And Singapore Benefit from China’s Crypto Phobia Singapore and Hong Kong are experiencing an explosion in the number of companies launching ICO’s in […]

RBI Considers Central Bank Digital Currency But Bans Regulated Entities from Dealing in Cryptocurrencies

RBI Considers Central Bank Digital Currency But Bans Regulated Entities from Dealing in Cryptocurrencies

India’s central bank is reportedly considering the introduction of a ‘central bank digital currency’ as it bans regulated entities such as banks from dealing in cryptocurrencies with individuals or businesses. In a statement released today, BP Kanungo, the Deputy Governor for the Reserve Bank of India (RBI), said at a media conference that evolving changes within the […]

Cryptocurrency and Equity Markets: Weekly Performance Overview

Cryptocurrency and Equity Markets: Weekly Performance Overview

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Global Equity Markets: fear and uncertainty returns Stocks took a […]

Ripple ‘Very Confident’ of Hitting China’s Market This Year with Blockchain Payments Solution

Ripple ‘Very Confident’ of Hitting China’s Market This Year with Blockchain Payments Solution

Ripple is ‘very confident’ that it will hit China’s market this year with its blockchain-based payments solution, according to reports. Sagar Sarbhai, Ripple’s head of government and regulatory relations for Asia Pacific, explained that while it was ‘still very early days,’ the team were discussing how it can enter the Chinese industry with regulators, payment providers, […]

Huawei’s Patent For Blockchain-Based System To Protect Intellectual Property Unveiled

Huawei’s Patent For Blockchain-Based System To Protect Intellectual Property Unveiled

A Blockchain-based patent application filed by the telecom and networking giant Huawei was published by China’s State Intellectual Property Office on Tuesday, March 6. Shenzhen-based Huawei initially filed its patent application on Aug. 15, 2016. The document describes a Blockchain-based verification system for protection of intellectual property rights for digital content within a peer-to-peer (P2P) network. The Blockchain network, as described by […]