Baidu, China’s search engine giant, has launched its very own blockchain-as-a-service (BaaS) offering. The new open platform intends to provide the “most user-friendly blockchain tool” to businesses. According to the dedicated webpage…
Chinese Bitcoin Exchanges Eye Friendlier Asian Countries As Crypto/CNY Trading Ban Comes Into Effect
A ban on cryptocurrency trading against the yuan has officially come into effect in China, forcing mainland bitcoin trading platform operators to turn to other Asian markets. Huobi, once one of the largest bitcoin trading platforms in the world, said i…
The price of bitcoin has fallen 38% since the beginning of this month as Chinese authorities are tightening their grip on cryptocurrencies. BTCChina, one of the biggest exchanges in China, announced on Thursday that it will close down its trading operations by September 30, while BitKan, a leading cryptocurrency trading app has already suspended over-the-counter […]
This post Down 38%: Bitcoin Stumbles Amid Regulatory Uncertainties In China first appeared on Coinjournal.
Initial coin offerings (ICOs) have raised over US$1.5 billion in 2017 with 65 launches in China totaling 2.6 billion CNY, or US$389 million. But a notice from a committee led by the People’s Bank of China released earlier this week brought the multimillion-dollar industry to a halt. On Monday, the central bank ordered an immediate […]
This post Blockchain Companies Executives Comment On China ICO Ban first appeared on Coinjournal.
Wanchain, a public blockchain project by Chinese firm Wanglu Tech, is building a distributed financial infrastructure on the Ethereum network that allows for the exchange of assets among different blockchain networks. The initiative aims to enable more organizations to easily develop their own services and innovate in the “distributed finance space.” Wanchain seeks to become […]
This post Wanchain To Enable Interoperability Between Blockchains first appeared on Coinjournal.