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Chinese President Advises the Government to Use Blockchain and Artificial Intelligence for Epidemic Prevention

During a recent inspection in Zhejiang, Chinese President Xi Jinping emphasized the necessity for the various decisions and arrangements of the government to plan for prevention and control of the coronavirus outbreak and economic and social development work. He pointed out the importance of the implementation of epidemic prevention and control as well as the … Continue reading Chinese President Advises the Government to Use Blockchain and Artificial Intelligence for Epidemic Prevention

Buy Us Out: Majority of Chinese Blockchain Companies Don't Develop or Even Use Blockchain Technology

Blockchain companies have become a hot property in China over the years, and the rise in company registrations surged following Chinese Leader Xi Jinping announcement last October that the country must strive to become the global blockchain leader. According to a report from China Finance, many larger businesses across China are blockchain companies in name only and in fact have little … Continue reading Buy Us Out: Majority of Chinese Blockchain Companies Don't Develop or Even Use Blockchain Technology

How Blockchain Technology is Helping to Fight the Novel COVID-19 Pandemic

As the world battles with the Covid-19 pandemic, and it’s consequent economic and social effects: several world governments, agencies, and institutions are joining the fight to help reduce the spread of the virus while assiduously working to create a cure and a vaccine. For each country, the coronavirus pandemic has caused a major state of … Continue reading How Blockchain Technology is Helping to Fight the Novel COVID-19 Pandemic

Alibaba to Bring Blockchain Technology to Chinese Shipping Ports

China is tapping into the potential of blockchain technology like none other; the country’s entrepreneurs and local governments alike have already started implementing blockchain-based projects while most of the globe grapples with legality issues. China looks to blockchain In the latest push, the China Merchants Port announced last week its implementation of blockchain technology in … Continue reading Alibaba to Bring Blockchain Technology to Chinese Shipping Ports

China’s Supreme Court Decides to Strengthen the Protection of Cryptocurrency Property Rights

The Chinese Supreme Court has decided to strengthen cryptocurrency property rights. The Supreme Court is looking to further protect property rights, including economic property rights through different ownership systems in accordance with the law. According to the official document, China’s Supreme Court is looking to: “Strengthen the protection of new rights and interests such as … Continue reading China’s Supreme Court Decides to Strengthen the Protection of Cryptocurrency Property Rights

China Clarifies its Stance on Bitcoin: Legal if the Crypto Does Not Act as Alternative to Fiat

China has not always been friendly towards cryptocurrencies, however, the country has not completely banned Bitcoin, according to the Beijing Arbitration Commission. In 2017, China completely banned Bitcoin exchanges in the country but this did not stop initial coin offerings and virtual currency trading. Without Bitcoin exchanges operating in China, traders turned to foreign exchanges … Continue reading China Clarifies its Stance on Bitcoin: Legal if the Crypto Does Not Act as Alternative to Fiat

Tech Adoption Fueled by COVID-19, Will Global Blockchain Adoption Be Accelerated Too?

Coronavirus has driven global economies and businesses to the ground, but one industry that has benefitted from the pandemic appears to be the tech sector. With the coronavirus pandemic, China and US tech giants have boomed in business, with social distancing being emphasized globally. Although the future is uncertain for every business industry, digital trends … Continue reading Tech Adoption Fueled by COVID-19, Will Global Blockchain Adoption Be Accelerated Too?

China’s Ethereum Mining Pool Sparkpool To Stop Offering Services Following PBOC’s Clampdown on Crypto

Sparkpool, one of the world’s largest Ethereum mining pools, is shutting down its shop amid China’s move to ban crypto assets within its jurisdiction. On Monday, September 27, the China-based Sparkpool, the second-largest Ethereum mining pool in the world, announced that it had stopped offering services to new users in China as of September 24 … Continue reading China’s Ethereum Mining Pool Sparkpool To Stop Offering Services Following PBOC’s Clampdown on Crypto

CBDC Activity Subsidizes Consumption During Lunar New Year

Over the course of the Lunar New Year holiday, the Chinese central bank distributed an amount of its digital currency (CBDC) worth millions of dollars around the nation in an effort to encourage more people to use it. A story that was published on February 6 in the Global Times, an English-language subsidiary of the … Continue reading CBDC Activity Subsidizes Consumption During Lunar New Year

Beijing Releases Web 3.0 Innovation and Development White Paper (2023) at Zhongguancun Forum

On May 27, 2023, the Beijing Municipal Science and Technology Commission and the Zhongguancun Science and Technology Park Management Committee unveiled the “Beijing Web 3.0 Innovation and Development White Paper (2023)” at the parallel forum of the Zhongguancun Forum titled “Web 3.0: Future Development of the Internet Industry.” The release of the White Paper aims … Continue reading Beijing Releases Web 3.0 Innovation and Development White Paper (2023) at Zhongguancun Forum