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With 245 Investments and Financing Deals in Blockchain, Will China Carry on Its Expenditure in the Future?

According to a study from Xinhua, a Chinese government-run financial media, and Rhino Data, revealed that the total amount spent in investment deals pertaining to blockchain is responsible for 24 billion yuan ($3.6 billion). On Jan. 15, an official figure has been released by Xinhua, showing that the figures mentioned earlier have declined by 40.8%, within one year. … Continue reading With 245 Investments and Financing Deals in Blockchain, Will China Carry on Its Expenditure in the Future?

Coronavirus Measures in China Delay Crypto Hardware for MicroBT and Bitmain Customers

The coronavirus is causing mass disruption throughout Asia and has now been declared a ‘global health emergency’ by the World Health Organisation. The Chinese government has taken drastic isolation measures, and over 40 million people are effectively on lockdown. One of the leading manufacturers of crypto mining hardware, MicroBT recently notified customers via WeChat that their shipments would be delayed at … Continue reading Coronavirus Measures in China Delay Crypto Hardware for MicroBT and Bitmain Customers

What Solutions Can Blockchain Bring in Response to the Deadly Coronavirus Outbreak?

The Wuhan coronavirus death toll hit a daily high, with 565 deaths, and 3694 confirmed cases, a slightly lower number than the day earlier. 28,261 cases of infection have been reported worldwide, with most cases confirmed in Hubei province in China. Syren Johnstone, the Executive Director of the Masters of Law (Compliance and Regulation) Program the … Continue reading What Solutions Can Blockchain Bring in Response to the Deadly Coronavirus Outbreak?

Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak

With 27 mainland Chinese cities on lockdown, insurance providers have been relying on blockchain technology to fast track claims payouts during the coronavirus outbreak,which has taken over 800 lives, surpassing the death toll of the severe acute respiratory syndrome (SARS) in 2003. Xiang Hu Bao, an online mutual aid platform, a subsidiary of Ant Financial, is … Continue reading Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak

The Birth of the Coronavirus-Backed CoronaCoin Amid Quarantining Banknotes in China

The novel coronavirus, also known as COVID-19 has spread to at least 25 other countries and caused 5 deaths outside of mainland China. Restrictions in Hubei, of the epicenter province of the outbreak, have been imposed further on its citizens. In Wuhan, the city where the coronavirus originated, has been banning its citizens from leaving their homes. The World Health Organization … Continue reading The Birth of the Coronavirus-Backed CoronaCoin Amid Quarantining Banknotes in China

Nations Around the World Urged to Learn From China in Fighting Coronavirus Using Blockchain

As the number of people contracting coronavirus (COVID-19) continues to rise at an alarming rate has clocked more than 900,000 cases, governments are being pushed to the wall to tackle this pandemic. As reported by the Global Times on April 1, different stakeholders are urging other nations to embrace China’s effective model in fighting this … Continue reading Nations Around the World Urged to Learn From China in Fighting Coronavirus Using Blockchain

First Chinese State-Backed Blockchain Firm "Tainted" the Nation's Image Due to the Export of Faulty COVID-19 Medical Supplies

Tus Data Asset, a blockchain firm based in Beijing, has been banned by the Chinese government from exporting medical supplies to other countries during the coronavirus pandemic. As the first blockchain technology-based firm backed by the state capital, the company has been accused of tainting the nation’s image by selling poor-quality products. Controlled by the … Continue reading First Chinese State-Backed Blockchain Firm "Tainted" the Nation's Image Due to the Export of Faulty COVID-19 Medical Supplies

China's Central Bank Says Digital Yuan Will Not Raise Inflation

China’s central bank has been secretive and silent when it comes to the testing of its national digital currency, which has piqued the curiousity of its citizens. A bank representative recently appeared at a state-owned television company responding to such public curiosities and gave an explanation of how the digital yuan would function. Race to … Continue reading China's Central Bank Says Digital Yuan Will Not Raise Inflation

China Unveils Blockchain Services Network Aimed to Build Ecosystem Along with Hyperledger, Ethereum and EOS

China’s Blockchain Services Network (BSN), ChinaChain has been opened for commercial use after six months of internal testing. As large gatherings are banned during the coronavirus pandemic, a virtual press conference was held on Saturday in Beijing for the unveiling of the BSN project. Blockchain.News previously reported that the Chinese government’s State Information Center revealed … Continue reading China Unveils Blockchain Services Network Aimed to Build Ecosystem Along with Hyperledger, Ethereum and EOS

Justin Sun's TRON to Receive $2 Million from US Government Aid Coronavirus Relief

Justin Sun’s Tron platform has reportedly obtained US government aid of more than $2 million in coronavirus relief. The ongoing coronavirus crisis has wreaked havoc in the US financial markets. Particularly small-sized businesses are suffering from the economic shutdown meant to slow down the spread of coronavirus. With hundreds of thousands of employees in danger … Continue reading Justin Sun's TRON to Receive $2 Million from US Government Aid Coronavirus Relief