China’s Office of the Central Cyberspace Affairs Commission (OCCAC) has announced its third round of blockchain projects to receive approval from the country's regulators. 224 distributed ledger technology (DLT) ventures have been added to the commission’s registry, which includes major tech firms Alibaba, Baidu and China Mobile. The news appears to have been broken by Twitter user ‘AliceolaCrypto’, who posted a screenshot of the OCCAC’s announcement on April 27. She wrote that of the 224 approved projects, approximately 40% hail from Beijing. Roughly one-quarter of projects will target the fintech sector. The list of approved projects includes ventures from several …
China’s Bitcoin (BTC) trading volumes have continued to drop, hitting a two-year low on peer-to-peer exchange LocalBitcoins. According to Bitcoin statistics website Coin Dance, China’s BTC trading volumes have been gradually dropping from late 2019 to the present, touching to their lowest weekly volume in more than two years. During the week ending on Jan. 25, China traded just about 4.5 million yuan ($648,000) on LocalBitcoins, down over 90% from the intra-year weekly high of more than 45 million yuan ($6.4 million). The all-time high of China’s weekly Bitcoin trading on LocalBitcoins was hit in January 2018, and accounts for …
Chinese e-commerce giant JD.com has applied for over 200 blockchain patents, according to a report by Securities Daily News on May 20. The report also notes that major e-commerce competitor Alibaba has applied for 262 blockchain patents, and Chinese internet titans Tencent and Baidu have applied for 80 and 50 such patents, respectively, as recorded by the Intellectual Property Center of China Information and Communication. According to interpretation of the data provided by Intellectual Property Center of China Information and Communication, JD.com was in first place for “global blockchain patent strength,” with Alibaba, Tencent, and Baidu coming it at second, …
China’s cyberspace administration has released the first list — 197 companies long — of registered blockchain service providers, according to their March 30 notice. Chinese initiatives by internet giants such as Baidu Blockchain Engine, Alibaba Cloud Blockchain-as-a-Service (BaaS), Tencent BaaS (TBaaS) and the BaaS platform owned by e-commerce giant JD.com appear on the list. Financial institutions such as the China Zheshang Bank and Ping An Insurance Company are also included. Some less-known companies such as blockchain-enabled supply chain management service VeChain and parcel delivery service ParcelX are present on the list as well. The article also notes that no institution …
Chinese search engine Baidu has created a blockchain-based game called “Du Yuzhou” (The Universe) where users will receive “elements” to build their own planets while using blockchain features, Coindesk reports Friday, June 8. The website announces an “open blockchain interplanetary journey,” describing the game as “a magical world made up of all kinds of rare elements” with each user having a “unique planet” that can be explored. The site notes that each user will receive 100 random elements in an air drop when the game launches -- the more elements a user has, the larger the planet grows, thus increasing …