China

China Launches Blockchain-Based Internet Court in Hangzhou

Report: China Sees 37% Drop in Blockchain Salaries in FY 2019

Though blockchain sills have been rising in the global market, some countries like China have seen reduced salaries offered to blockchain professionals in FY 2019. The new report released with the title “2020 China Blockchain Professional Development Report” says. Per the report, the average salary offered to any blockchain industry employee in China has dropped […]

China Everbright Bank Uses Ant Financial DLT for Supply Chain

A Major Chinese Commercial Bank Uses Blockchain-based Supply Chain Finance

Popular as a major commercial bank in China and one of the largest public companies in the world, China Everbright Bank (CEB) is working on introducing a blockchain-based supply chain finance solution in partnership with Ant Financial. Ant Financial, which is widely recognized as the financial arm of the Chinese e-commerce giant, Alibaba, teams up […]

Alibaba's Import E-commerce Platform adopts Blockchain traceability system

Alibaba’s Import E-Commerce Platform Adopts Blockchain Traceability System

Chinese e-commerce giant Alibaba announced its import e-commerce platform Koala has updated its products to include a full-link traceability blockchain system on March 16, according to a Sina Finance report from March 17. Blockchain Increases Logistics Transparency The report revealed that the integration of Ant Financial’s blockchain in the Koala platform allows online buyers to […]

China implements blockchain invoicing in Beijing for more transparent governance

China Implements Blockchain Invoicing in Beijing for More Transparent Governance

The tax bureau of Beijing has officially announced that it will start implementing blockchain invoicing within the city on 2nd March onwards. Beijing hopes blockchain invoicing can bring more transparency to taxpayers Beijing aims to bring blockchain’s unique transparency, traceability and immutability to its future governance with the usage of blockchain invoicing. The official announcement […]

fcoin shuts down

Chinese Exchange FCoin Closes Down, Still Owes Users $125 Million

Zhang Jian, the founder of Chinese crypto exchange FCoin, revealed in a post earlier today that FCoin may not be able to pay the 7,000-13,000 BTC (that’s $67 million to $125 million) that it owes users. According to Zhang, the exchange hasn’t been hacked and isn’t an exit scam. But evidence suggests it might be […]

crypto scam and ponzi scheme

Over $117M Bitcoin in Crypto Scam PlusToken Moves to New Addresses

Over 12,000 bitcoins (currently worth over $117M) associated with the alleged crypto scam PlusToken, have just moved to two new blockchain addresses. The two addresses are 1st address, 2nd address. The revelation was made public by the VP of research at Chinese blockchain security firm PeckShield, Chiachih Wu, through a tweet. As you can see, […]

japanese official calls for urgent development of digital yen

Japanese Official Calls for Urgent Development of Digital Yen

Another Japanese lawmaker has publicly called for the swift development of the digital yen. The head of the banking and finance systems research commission at Japan’s Liberal Democratic Party, Kozo Yamamoto, said that the country should create a digital yen in two-to-three years. As per the report by Reuters, Yamamoto said Japan should plan for […]

blockchain charity platform

Blockchain Charity Platform to Fight Against Coronavirus Epidemic

What could be a better way to support hospitals in central China than doing a charity? Absolutely, none! Recently, something like this has happened. Hyperchain release a press release on 4th Feb. 2020, stating that it has launched a blockchain charity platform to fight against the coronavirus outbreak. It will serve as a medical supply […]

PBOC injects entire bitcoin market cap into its system

Central Bank of China Injects Entire Bitcoin Market Cap Into Its Economy

There is no denying that the economies of the world are slowing down. However, central banks are flooding their markets with more money to prevent a complete collapse. Due to this, China has just injected the entire bitcoin market cap into its system. Banking Bailouts The People’s Bank of China is planning to pump 1.2 […]

Deutsche Bank

Deutsche Bank: Cryptocurrencies Won’t Replace Cash Anytime Soon

Germany’s largest bank, Deutsche Bank, unveils that cryptocurrencies won’t replace fiat anytime soon. The bank says cash is unlikely to disappear anytime soon despite declining use as a payment method and the surge of digital currencies. The German multinational investment bank, Deutsche Bank, predicts previously that cryptocurrencies will replace fiat by 2030. But now claims […]