Category: China

Walmart China Will Track Food in Supply Chain with Vechain's Thor Blockchain

Walmart China plans to track food through its supply chain with VeChain’s Thor blockchain, reveals a VeChain press release published on June 25. Per the release, the Walmart China Blockchain Traceability Platform (WCBTP) will be a joint venture by Walmart China, VeChain, PricewaterhouseCoopers (PwC), cattle company Inner Mongolia Kerchin, and […]

TrustToken Inc. Launches Hong Kong Dollar-Pegged Stablecoin TrueHKD

TrustToken Inc., the company behind the TrueUSD (TUSD) stablecoin has launched a new digital token pegged one-to-one with the Hong Kong dollar, reports Crowdfund Insider, June 24, 2019. TrustToken Enters the Asian Waters In a bid to tap into the lucrative Asian digital currencies space, TrustToken has launched the world’s […]

VeChain Inks Landmark Partnership with Walmart China to Ensure Food Safety via Blockchain

Supply chain-focused blockchain project VeChain (VET) has inked a significant partnership with Walmart China to ensure the safety of perishable food products. VeChain announced the development through a Medium post published June 25, 2019. VeChain Lands the Big Fish Emerging technologies like artificial intelligence (AI), machine learning, Internet of Things […]

Iran: Cryptocurrency miners on the brink of supply shock; power cut warning sounded

Cryptocurrency mining could soon be phased out of another Asian giant, Iran. An official from Tavanir, the Iranian state-run company responsible for the supply and distribution of power within the country, has sounded a warning for crypto-miners. According to an Iranian news outlet, Iran Front Page [IFP], Tavanir’s Mostafa Rajabi […]

Hong Kong: SFC Regulation Mandates Crypto Exchanges to Have their Funds Insured

A new diktat by Hong Kong’s financial watchdog has put the global financial hub’s cryptocurrency exchanges and custodians in a spot of bother as they are now required to fully insure the risks of hacking and theft associated with digital currencies, South China Morning Post reports, June 23, 2019. Crypto […]

Wanxiang City Partners with Blockchain Privacy Startup on Tracking Infrastructure

Wianxiang, prominent Chinese car manufacturer, has partnered with PlatON, a blockchain privacy startup, to develop the underlying infrastructure for China’s largest smart city project, slated for completion by 2025. His eponymous Wanxiang Innova City, in progress since 2015, will convert 8.3 square kilometers premium riverfront real-estate in Hangzhou into an […]

Bitmain Shifting IPO Plans to the US on Growing Bitcoin Optimism

Chinese cryptocurrency mining giant Bitmain is revisiting plans for an initial public offering (IPO,) Bloomberg reported on June 21. The company had filed to list an IPO on the Hong Kong Stock Exchange, but the application expired on March 26. Now, Bitmain is reportedly planning to file listing documents with the United States Security and […]

Wanxiang and PlatON Join Forces for Blockchain Infrastructure of New Smart City in China

Automotive giant China Wanxiang Holding Co., Ltd has partnered with blockchain-based tech firm PlatOn to develop a “smart city” in Hangzhou, according to a report by CryptoNinjas on June 20. According to the report, the smart city—dubbed “Innova City”—will be built with tech using PlatON’s blockchain infrastructure, for purposes like […]

Why Are China’s Tech Tycoons Excited About Facebook’s Crypto & Blockchain?

Libra Elicits Support from Crypto Diehards to Chinese Businessmen Facebook’s Libra, a to-be-launched crypto asset to be backed by a blockchain, has drawn support from all across the globe. Everyone from mainstream media and Bitcoin (BTC) pundits to technology all-stars have expressed excitement for the project. Most interestingly, however, tycoons […]