Bitmain Rival Ebang Launches New Line of Uber-Efficient Bitcoin Miners

One of Bitmain’s biggest rivals is ready to give the bitcoin mining giant a run for its money as both firms prepare to go public in Hong Kong. Upstart Bitcoin Mining Firm Unveils New 10nm Chip, Miner Series The China-based Ebang Communication, one of the world’s largest manufacturers of application-specific integrated circuit (ASIC) chips for The post Bitmain Rival Ebang Launches New Line of Uber-Efficient Bitcoin Miners appeared first on CCN

Read More

Alibaba Has Filed for over 10% of the World’s Blockchain Patents: Research

China’s ongoing drive to dominate the emerging global blockchain technology sector has been underlined by news that Alibaba Group Holding alone filed more than 10 percent of all blockchain patents worldwide in 2017. Intellectual Property Rights Arms Race Research by Thomson Reuters shows that 56 percent of all 406 blockchain patents issued around the world The post Alibaba Has Filed for over 10% of the World’s Blockchain Patents: Research appeared first on CCN

Read More

China’s ‘Dream City’ Taps Ethereum Dev. Studio ConsenSys for Blockchain Push

Government officials in Xiongan New Area have announced a partnership with Ethereum development studio ConsenSys to develop blockchain initiatives for China’s “dream city.” According to the South China Morning Post, the Xiongan government has signed a memorandum of understanding (MoU) with the U.S.-based ConsenSys to “establish Xiongan as a next-generation smart city and a leading … Continued The post China’s ‘Dream City’ Taps Ethereum Dev. Studio ConsenSys for Blockchain Push appeared first on CCN

Read More

Chinese City Starts a $1.5 Billion Fund to Promote Public Blockchain Projects

Nanjing, Jiangsu’s capital, is committed to investing in public blockchain projects and overall token economy. The capital of this Chinese province put together a 10 billion yuan ($1.5 billion) fund in a blockchain investment fund. A Beijing-based alliance, Zhongguancun Blockchain Industry Alliance, is teaming up with Nanjing City to launch this blockchain investment fund of The post Chinese City Starts a $1.5 Billion Fund to Promote Public Blockchain Projects appeared first on CCN

Read More

Flooding in Sichuan Province Reveals Hidden World of China’s Small-Time Bitcoin Miners

A special report on the recent floods across China’s Sichuan province has uncovered an extraordinary story of resilience, discomfort, tragedy, and rapidly changing economic circumstances experienced by the the people who make up the world’s largest concentration of small-time bitcoin miners. Originally reported by Chinese news resource Yiben Blockchain (一本区块链) via Jiemian, the report follows the The post Flooding in Sichuan Province Reveals Hidden World of China’s Small-Time Bitcoin Miners appeared first on CCN

Read More

Jack Ma Launches Blockchain Money Remittance to Philippines, Bashes Bitcoin [Again]

Alibaba Group’s affiliate, Ant Financial Services, is on the way to cutting the cost of remitting money to close to zero using blockchain technology. This is according to the online retail giant’s co-founder, Jack Ma, who said this during the launch of a blockchain-based money transfer service between Hong Kong and the Philippines. The remittance The post Jack Ma Launches Blockchain Money Remittance to Philippines, Bashes Bitcoin [Again] appeared first on CCN

Read More

Reality Shares Launches World’s First China Blockchain ETF

In an effort to take advantage of China’s innovation in the cryptocurrency sphere, asset management firm Reality Shares launched the first ever blockchain ETF for the country. The company says their goal is to “democratize the world’s best investing ideas.” According to a news release on June 20th, the Reality Shares Nasdaq NexGen Economy China The post Reality Shares Launches World’s First China Blockchain ETF appeared first on CCN

Read More

Cash Might Die but No Hurry to Develop Digital Currency: China Central Bank Chief

The governor of China’s central bank has admitted that physical cash may become obsolete one day but insists the authority isn’t rushing to release a cryptocurrency. Speaking during China’s annual Two Sessions conference in Beijing today, People’s Bank of China (PBoC) governor Zhou Xiaochuan claimed the authority is in no hurry to develop a digital The post Cash Might Die but No Hurry to Develop Digital Currency: China Central Bank Chief appeared first on CCN

Read More