China

Chinese City Causes Confusion with Digital Asset Exchange Proposal
A city government in China is mulling the creation of a "blockchain digital asset exchange," but no one is quite sure what it means.

Crypto Tycoons Spar Over Alleged 30,000 Bitcoin Debt
Li Xiaolai, a noted Chinese bitcoin investor, has said he may take legal action against another Chinese entrepreneur over claims about a bitcoin fund.

China Has Built a Blockchain System That Could Replace Paper Checks
China's central bank has completed a blockchain-based system that digitizes checks in a move to counter fraud in the country.

Telecoms Giant Wants to Move Mobile Data Top-Ups to a Blockchain
China Mobile, one of China's three state-owned telecoms giants, is exploring moving part of its mobile data business to a distributed ledger.

Hyperchain Blockchain Creator Completes $234 Million Funding Round
Blockchain platform developer Qulian Technology has closed one of the biggest blockchain-focused VC rounds ever.

Chinese Firm Reportedly Nets $18 Million in 'Questionable' Token Sale
Despite China's 2017 ban on ICOs, a Chinese firm still appears to have openly promoted a token sale that reportedly raised $18 million.

China State TV: Blockchain Is '10 Times More Valuable Than the Internet'
China Central Television aired an hour-long program on Sunday aimed to educate the public about the concept, potential and risks of blockchain.

Bitmain's New Miner Is Drawing Criticism from Early Users
Bitmain has been criticized over one of its mining products, the AntMiner B3, with users making allegations about its marketing and quality control.

Stock Trading App Removes Crypto Price Tracking After Debut
A new service for tracking cryptocurrency prices on a popular stock trading app has become unavailable, possibly due to regulatory rumblings.

China's President Endorses Blockchain as Economic 'Breakthrough'
Chinese president Xi Jinping acknowledged the potential of blockchain in a speech this week, endorsing the nascent tech for the first time.

