Shanghai Man: China declares victory over crypto — Is this the end of the crackdown?

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Victory for the regulators After a tumultuous summer of crackdowns, the Chinese regulators are declaring their victory in eliminating illegal cryptocurrency trading activities… Continue reading Shanghai Man: China declares victory over crypto — Is this the end of the crackdown?

Asian Shares Mixed Ahead Of U.S. Jobs Report

Asian stocks ended mixed on Friday as investors awaited the release of U.S. jobs data for clues about the Federal Reserve’s timelines for asset purchase tapering and interest rate hikes. China’s Shanghai Composite Index ended down 15.31 points, or 0.4 percent, at 3,581.73 after the latest survey from Caixin revealed that the services sector in… Continue reading Asian Shares Mixed Ahead Of U.S. Jobs Report

Shanghai Man: Hack of little-known Poly Network highlights East-West crypto divide

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. After ThorCHAIN and Chainswap were exploited, it’s safe to say that hacking cross-chain bridges seems to be the style of the season. This… Continue reading Shanghai Man: Hack of little-known Poly Network highlights East-West crypto divide

Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. This week, following a tumultuous few weeks of regulation, the Bitcoin world’s focus shifted to Miami and Latin America. Searches for Bitcoin on… Continue reading Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners

Shanghai Man: 'Green-light' for miners? CZ not responsible for BSC, Uniswap frauds on TV

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Could green miners get a pass? Last week’s column had a look at the recent crackdown on cryptocurrency miners as China heads towards… Continue reading Shanghai Man: 'Green-light' for miners? CZ not responsible for BSC, Uniswap frauds on TV

Our Man in Shanghai: Scandal as $45M of stolen government funds allegedly lost on 100X leverage

Blockchain security company Beosin has been the focus of a major scandal after its Chief Marketing Officer Gao Ziyang was taken into custody and charged with embezzlement of state-owned assets. He is alleged to have been using government funds to unsuccessfully short BTC, resulting in a massive liquidation of over 300 million renminbi, or $45… Continue reading Our Man in Shanghai: Scandal as $45M of stolen government funds allegedly lost on 100X leverage

Asian Shares Rise On Economic Recovery Hopes

Asian stocks rose broadly on Thursday amid expectations that a coronavirus vaccine rollout will serve as a catalyst for faster a global economic recovery. Optimism over U.S. stimulus talks and data showing that the services sector in China expanded at a faster rate also boosted sentiment. The China Caixin services Purchasing Managers’ Index rose to… Continue reading Asian Shares Rise On Economic Recovery Hopes

Asian Shares Rise On Upbeat Data

Asian stocks advanced on Monday as upbeat GDP data from Japan and industrial output figures from China helped investors shrug off worries about rising coronavirus cases. Chinese shares rose sharply after factory output data beat forecasts and investors saw the RCEP as an extension of China’s influence in the region. The benchmark Shanghai Composite index… Continue reading Asian Shares Rise On Upbeat Data

Asian Shares Dip On Economic Recovery Concerns

Asian stocks fell broadly on Thursday, with concerns over rising coronavirus infections and a cautious outlook from the U.S. Federal Reserve weighing on sentiment. Chinese shares fell as the U.S. suspended its extradition treaty with Hong Kong in a series of measures that escalate tensions between Washington and Beijing. Meanwhile, China’s central bank today kept… Continue reading Asian Shares Dip On Economic Recovery Concerns

Two Chinese Patients Test Positive Months After Virus Recovery

Two patients in China that recovered from Covid-19 months ago tested positive for the coronavirus again, raising concern of the virus’s ability to linger and reappear in people who it previously infected. A 68-year-old woman in the central Chinese province of Hubei, where the novel coronavirus first surfaced in December, tested positive on Sunday, six… Continue reading Two Chinese Patients Test Positive Months After Virus Recovery

Asian Shares Mostly Lower As Trump Warns On Crisis

Asian shares ended mostly lower on Wednesday after U.S. President Donald Trump warned the U.S. coronavirus crisis will probably worsen before improving. However, the downside was capped by vaccine hopes and an agreement among European Union leaders on a 750 billion euro ($859 billion) fund to prop up their coronavirus-hit economies. Chinses shares extended gains… Continue reading Asian Shares Mostly Lower As Trump Warns On Crisis

VeChain (VET) and Shanghai Gas Group Complete LNG Blockchain Project | BTCMANAGER

According to March 30, 2020, report by Chinese media outlet Shine, the Shanghai Gas Group – with aid from VeChain (VET) – has successfully completed the first phase of a liquefied natural gas (LNG) blockchain project that aims to foster data sharing and intelligent cooperating in the energy industry. Shanghai Gas Group and VeChain Conclude… Continue reading VeChain (VET) and Shanghai Gas Group Complete LNG Blockchain Project | BTCMANAGER

Asian Shares Rise On Trade Optimism

Asian stocks rose on Thursday after Bloomberg reported U.S. and Chinese negotiators are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase one trade deal. Chinese shares ended higher after U.S. President Donald Trump said talks with China were going “very well.” The benchmark Shanghai Composite Index… Continue reading Asian Shares Rise On Trade Optimism

Asian Shares End Mixed Amid Growth Concerns

Asian stocks ended mixed on Thursday as worries over the U.S.-China trade war lingered and weak data from China and Japan stoked worries that a global slowdown is deepening. Chinese stocks ended on a positive note as weak data, reflecting a sharper slowdown in industrial activity in October, bolstered expectations that policymakers will ramp up… Continue reading Asian Shares End Mixed Amid Growth Concerns

Shanghai Looking to Close Down Crypto Businesses | Live Bitcoin News

You better watch out. You better not cry… If you use crypto and live in Shanghai… Shanghai Seeks to Shut Down Crypto Businesses As we get ready for the upcoming holiday season and familiar carols roll through our heads, so do thoughts of crypto, and in China, the digital currency industry is taking another blow… Continue reading Shanghai Looking to Close Down Crypto Businesses | Live Bitcoin News

Ontology (ONT) To Work on Green Finance, Announcing Partnership With Chinese NGO Shanghai Qinguye

Many crypto companies have invested in society and sustainable development, and Ontology (ONT) is now one of them. Looking at Binance’s philanthropic arms, many other companies took the initiative to push for social causes and give back to the society. Ontology has just announced that they will collaborate with Shanghai Qinguye, a Chinese NGO. In… Continue reading Ontology (ONT) To Work on Green Finance, Announcing Partnership With Chinese NGO Shanghai Qinguye

Asian Shares Mixed As Investors Await Chinese Data

Asian stocks turned in a mixed performance on Monday as mixed corporate earnings results and falling oil prices offset upbeat U.S. GDP data as well as growing optimism over a possible U.S.-China trade deal. The markets in Japan were closed for the Golden Week holidays. Chinese stocks fluctuated before ending notably lower as investors awaited… Continue reading Asian Shares Mixed As Investors Await Chinese Data

Shanghai Hotel Suffers Data Breach, Attackers Sell Information on Dark Web for Eight Bitcoin | BTCMANAGER

Huazhu Hotels Group, a hotel management company in China with more than 10 hotels brands and over 3,800 hotels, reported a data breach on Tuesday, August 28, 2018, after discovering that its clients’ personal information was sold on the dark web forum. According to the South China Morning Post, the Shanghai police are currently investigating… Continue reading Shanghai Hotel Suffers Data Breach, Attackers Sell Information on Dark Web for Eight Bitcoin | BTCMANAGER

VeChain (VEN) Partners With Lingang, Now Close To Shanghai Government

VeChain and Liangang, an International Intelligent Manufacturing Exhibition Trading Center have signed a collaboration as an aftermath of the 2018 Blockchain & Industry Convergence Development Forum and the National Eastern Tech-Transfer Center Blockchain Research Lab Establishment Conference that were held in Shanghai on May 25th, 2018. The exhibition trade center which is owned and operated… Continue reading VeChain (VEN) Partners With Lingang, Now Close To Shanghai Government

Shanghai Startup to Use Blockchain to Verify Wine Origin, Fight Counterfeits

VeChain, a Shanghai-based blockchain startup, is testing a blockchain application to verify of the wine supply chain and fight counterfeits, South China Morning Post reported May 24. The Chinese wine industry is worth $2.8 bln, but according to the South China Morning Post, aphorisms such as “the Chinese gulp down more ‘French’ wines than France… Continue reading Shanghai Startup to Use Blockchain to Verify Wine Origin, Fight Counterfeits