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World Blockchain Roadshow 2018 – Asia and Europe • June 28 - August 18, 2018

That is the story of wbrshow.idacb.com — where you will find best investors from most popular areas. We picked up…

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Tag: China

Ex-Triad Gangster Raises $750 Million in Five Minutes to Supposedly Launch Chess and Poker Tournaments

Category: Altcoins, Bitcoin, Business, Finance, ICO News, News

Ex-Triad Gangster Raises $750 Million in Five Minutes to Supposedly Launch Chess and Poker Tournaments

A gangster based out of Macau in China, Wan Kuok-koi “Broken Tooth,” raised $750 Million in an Initial Coin Offering (ICO) has partnered with an undisclosed Beijing-based firm to back chess and poker tournaments. The token called is called “HB,” and the ICO was launched in Cambodia with high-ranking military and government officials, celebrities, entrepreneurs from Hong Kong and mainland…

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Chinese Authorities Clampdown on Billion Dollar Bitcoin Gambling Ring

Category: Bitcoin, Crime, News, Regulation

Chinese Authorities Clampdown on Billion Dollar Bitcoin Gambling Ring

On July 11, 2018, the Chinese police apprehended over 540 people for organizing an online soccer gambling game which involved the exchange of bitcoins. The illegal betting places were conducted in south China’s Guangdong Province. Squashing Gambling Rings in China The police in Guangdong Province said that the total amount involved was over 10 billion yuan (1.5 billion U.S. dollars)….

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Chinese Yuan’s Usage in Bitcoin Transactions Falls Dramatically After Regulatory Crackdown

Category: Bitcoin, News, Regulation

Chinese Yuan’s Usage in Bitcoin Transactions Falls Dramatically After Regulatory Crackdown

A report from the Chinese news agency, Xinhua, has revealed that the Chinese Yuan’s share of bitcoin transactions has fallen dramatically following the Chinese government’s decision to impose a series of bans and restrictions on cryptocurrency trading and ICO fundraising in the world’s second largest economy. Crypto Trading Shutdown in China Since September 2017, Chinese authorities have engaged in a…

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China Maintains Tight Stance on Cryptocurrencies: Official States ICOs Will be “Crushed”

Category: Blockchain, News

China Maintains Tight Stance on Cryptocurrencies: Official States ICOs Will be “Crushed”

After announcing a blanket ban on cryptocurrencies in September 2017, China’s central bank publicly called the move a success on July 7, 2018. Unauthorized Financial Products Will be “Crushed” On July 9, 2018, Yicai reported the statements of Pan Gongsheng, head of the Internet Finance Rectification Working Group, who noted that the country still holds a pessimistic view of ICOs,…

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One Million PCs “Cryptojacked” in China as Hackers Make $2 Million Worth of Digibyte, Siacoin, and Decred

Category: Altcoins, Crime, News

One Million PCs “Cryptojacked” in China as Hackers Make $2 Million Worth of Digibyte, Siacoin, and Decred

The largest cryptojacking breach, in terms of sheer scale, came to light in China after local authorities identified a group of hackers who ran an illicit mining operation for over two years. Largest Cryptojacking Breach On July 9, 2018, local news Legal Daily reported a massive cryptojacking spree of a group in China’s Dalian city after suspicious activities pointed to…

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Binance Labs Leads Investment in Zhidian and Ccloud to Receive HK$50m From China Parenting Network

Category: Altcoins, Bitcoin, Business, Finance, Investment, News

Binance Labs Leads Investment in Zhidian and Ccloud to Receive HK$50m From China Parenting Network

The blockchain startup scene is China continues to experience a period of steady growth and investment with the news that two blockchain-based startups Zhidian and Ccloud have received funding from local and international investors including Binance Labs and China Parenting Network. Binance Investment in Zhidian Leading a seed round for an undisclosed sum alongside LD Capital and INBlockchain, Binance Labs…

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Leaked Recording Shows Chinese Bitcoin Billionaire Ripping into Crypto Big Hitters in Profanity-Laced Rant

Category: Business, Commentary, News

Leaked Recording Shows Chinese Bitcoin Billionaire Ripping into Crypto Big Hitters in Profanity-Laced Rant

Li Xiaolai is one of China’s most popular crypto figures and the so-called most affluent bitcoin billionaire in China. Recently, he has aimed at several front line crypto trading names in the country, labeling them ‘cheats’ in an extraordinary recording that was leaked to social media. Uncensored Rant The South China Morning Post reports that the expletive-ridden, 50-minute recording of…

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Baidu to Introduce Totem Rewards and Reveal Its Blockchain Layout to World

Category: Adoption, Blockchain, Business, Development, News, Tech

Baidu to Introduce Totem Rewards and Reveal Its Blockchain Layout to World

Baidu, the owner of blockchain-based image managing service Totem, will hold a launch conference for its Totem Rewards on July 18, 2018. At the conference, Baidu will also reveal its blockchain layout to the world, the company announced on its website. Totem Rewards At the conference, vice-president of Baidu’s search division Wu Hailong, Baidu’s search chief architect and director of…

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THEKEY Launches $20 Million Research Fund as it Enters Blockchain Partnership with Chinese Government

Category: Adoption, Altcoins, Business, Finance, News, Tech

THEKEY Launches $20 Million Research Fund as it Enters Blockchain Partnership with Chinese Government

Chinese blockchain identity verification startup THEKEY has announced that it has entered into a partnership with the Chinese government to develop social insurance blockchain applications. On Medium, CEO and Chairwoman Catherine Li also revealed that the company is launching a $20 million research fund to support the development and application of blockchain technologies in social insurance services. Chinese Blockchain Ambitions…

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China: Courts Regard Blockchain as Credible Evidence in Cases

Category: Altcoins, Bitcoin, Blockchain, News, Regulation

China: Courts Regard Blockchain as Credible Evidence in Cases

As the societal applications of blockchain technology continue to grow, the world is now seeing the once conservative field of law being infiltrated with this innovative technology. Infiltrated may not be the proper term as the Internet Court of Hangzhou in China ruled blockchain-derived evidence is now admissible in Chinese courts on a case-by-case basis. Chinese Courts Rule Blockchain a…

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