The “Zhejiang” public withdrawal test net is scheduled to be live on February 1 at 15:00 UTC, as stated in a post authored by an Ethereum Foundation developer named Parithosh Jayanthi on January 31. Six days after the Zhejiang testnet is activated, the Shanghai and Capella testnets will both be activated at the same time, … Continue reading Ethereum to Launch Zhejiang Public Withdrawal Testnet
A report published on the Global Times on Nov. 7 stated that the Shanghai Municipal Commission of Commerce had signed a written proposal giving the Shanghai government departments and six financial companies an opportunity to establish an E-port area blockchain alliance with the sole aim of fostering international trade and financial services. This proposal was signed … Continue reading Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance
Amid the coronavirus epidemic that has been ravaging China, there have been concerns raised about how this would affect the growth of technology within the region. The country has since turned to the use of blockchain technology to keep track of the supply of virus prevention materials, manage medical data, and in getting public opinion. … Continue reading Blockchain Increasingly Leveraged by China to Combat Coronavirus Outbreak
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
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
An interactive map published by the University of Cambridge’s Alternative Finance Center (CCAF) revealed Chinese miners accounted for 65 percent for the global hashing power used by Bitcoin. China dominates Bitcoin mining The CCAF tracked mining data for over a year from websites like BTC.com, ViaBTC, and Poolin, with the premier university claiming the map … Continue reading China Accounts for 65 Percent of Bitcoin’s Hash Power, New Research Reveals
China Zheshang Bank, based in Zhejiang province has leveraged blockchain technology to issue the country’s first asset-backed commercial paper in the Chinese financial market. China Zheshang Bank successfully issued the “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper,” which was worth 120 billion yuan ($16.93 billion). The asset-backed commercial paper (ABCP) was issued as a … Continue reading Chinese Bank Issues the First Asset-Backed Commercial Paper in China on Blockchain
The China Securities Regulatory Commission (CSRC) has kickstarted the experimentation of a blockchain pilot for the equity trading industry in the country. The China Securities Regulatory Commission issued a letter on July 7, approving five regional equity markets, including centers in Beijing, Shanghai, Jiangsu, Zhejiang, and Shenzhen. Announced by the Beijing Local Financial Supervision and … Continue reading China Has Kickstarted the Experimentation of a Blockchain Pilot in its Equity Trading Industry
Blowout On the evening of October 29, Ant Group and China’s Shanghai Stock Exchange issued an announcement on the subscription status of the online issuance of A shares and the success rate. The announcement shows the subscription amount of Ant Group exceeded 19.05 trillion RMB (around $3 trillion US dollars), a new A-share record. The … Continue reading Over $3 Trillion USD Subscribed, Largest IPO Ant Group Blowout is Ready
Chinese fintech giant Ant Group was expected to go public on Nov. 5, until founder Jack Ma provoked regulators in Beijing, prompting China’s President Xi Jinping to personally pull the plug on the record-breaking $37 billion initial public offering (IPO). After the Ant Group IPO was suspended, founder and China’s second-richest man Ma disappeared from … Continue reading Can Jack Ma's ANT Group meet China's Regulators Requirements?