Chinese Bank Trials Blockchain Loan System
One of China's "big four" banks has trialled a loan issuing system using blockchain. ABC - The Agricultural Bank of China - issued a $300,000 loan using agricultural land as collateral,…
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China’s Popular Social Network Plans to Launch its Own Crypto Token
Tianya, founded in 1999, is famously known as the Reddit of China. It entertains more than 130 million users, with over 250 million monthly hits.
Chinese City Launches $1 Billion Blockchain Fund
There is no doubt that the holders of China's purse strings are willing to put a lot of money into blockchain development at the moment. The latest municipal government to get behind the…
People’s Bank of China Promises to ‘Crush’ Foreign ICOs Targeting Chinese Investors
ICOs targeting Chinese investors have received a warning from the governor of the People’s Bank of China. A report has also been released, stipulating strategies to curb the situation.
Crypto Tycoon Li Xiaolai Steps Down From Blockchain Fund, Citing Defamatory Remarks
It has been a war of words between Li Xiaolai and Chen Weixing. The two noted crypto investors have been at it for months and now Li has announced his resignation from the Xiong’An…
Bitmain Sets its Sights on Switzerland as its Next Global Hub
Chinese Bitcoin mining company Bitmain has announced that it is opening up a branch in Switzerland. This is seen as a move to escape the regulations currently being exerted on crypto…