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On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five new mining rig batches that … Read more
People’s Bank of China has announced the realization of the top-layer design and joint testing of the planned digital yuan Go to Source Powered by WPeMatico
Alibaba affiliate Ant Financial has been ranked the fifth most valuable private firm in China Go to Source Powered by WPeMatico
The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically low interest rates this time might not be sufficient to avoid the next meltdown. Also read: … Read more
China is continuing its blockchain-positive, anti-anonymity course with the new Cryptography Law — it requires private firms to reveal their encryption services and more Go to Source Powered by WPeMatico
China’s nationwide blockchain network, the BSN, will be fully launched in April 2020, following a six-month beta testing period Go to Source Powered by WPeMatico
Alibaba affiliate Ant Financial is reportedly launching the full version of its enterprise “Ant Blockchain Open Alliance” platform this month Go to Source Powered by WPeMatico
Ousted Bitmain co-founder Micree Zahn took to Weibo on Monday to speak out against a reported Bitmain “personnel optimization plan” which could purportedly see around 500 Bitmain workers dismissed by January 17. Chinese media broke the story last week citing inside sources at the bitcoin mining colossus, one of which claimed poor financial performance of … Read more
The global blockchain tech race still has no leader, but China could win this blockchain war, leaving the U.S. far behind Go to Source Powered by WPeMatico
In this roundup, we cover several crypto-related actions by the U.S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar. … Read more