China’s Top Angel Investor Believes Blockchain Will Not Create a New World Blockchain

China’s Top Angel Investor Believes Blockchain Will Not Create a New World

Wang Qiang, co-founder of the language training company New Oriental and a famous Chinese angel investor, shared his insights into the hot topic of bitcoin and blockchain at a forum on Monday. He believes blockchain technology is impossible to create a new world. Many people across the globe believe that bitcoin and the technology underpinning it, called blockchain, will gain tremendous popularity in the future and create a new world. But the co-founder of China’s leading investment firm, Zhen Fund, goes against it by giving two reasons: First, every community must have a center. If the community is decentralized, it means deregulation...
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China Sets to Launch a Government-Backed  Blockchain Investment Center Blockchain

China Sets to Launch a Government-Backed Blockchain Investment Center

Blockchain fever has been getting hotter in China recently as the government is stepping up its support for the development of the industry. A government-led investment association, known as the Investment Association of China(IAC), is reported to set up “the Global Blockchain Investment and Development Center ( GBIDC)”, a blockchain founding center , according to a report from the local media, The Paper. The news first emerged when an official document started circulating online, saying that in order to vigorously promote R&D, application, investment and innovation of blockchain in China and to improve international cooperation, the GBIDC is agreed to be established...
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Alibaba’s Taobao Removes ICO White Paper Copywriting Service Amid Regulation Concerns Blockchain

Alibaba’s Taobao Removes ICO White Paper Copywriting Service Amid Regulation Concerns

Alibaba’s Taobao, one of the world’s largest online shopping platform, has removed all  copywriting services of blockchain or ICO white papers in recent days, according to a report from the Chinese tech media 36kr. The move comes after Chinese authorities escalates their crackdown on illegal ICO activities. Taobao is arguably best known for being dominated by unimagined cheap commodities and all sorts of services. China’s Beijing News reported in mid February that Taobao services for drafting blockchain white papers and ICO design and fund raising consultancy were welcomed by many Chinese blockchain entrepreneurs who wanted to get rich quickly several months...
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JD Outline 10 Scenarios Based On Consortium Blockchain Blockchain

JD Outline 10 Scenarios Based On Consortium Blockchain

2 April Beijing-The “Whitepaper on Blockchain Finance Applications” (hereinafter referred to as the Whitepaper), jointly composed by the Jingdong(JD) Financial Research Institute and the Cloud Computing and Big Data Institute of the China Information Technology Institute under the Ministry of Industry and Information Technology, was officially released in Beijing. Credits is given to Deloitte for some of the international application cases. According to Wei Kai, Director of the Cloud Computing and Big Data Institute of China Information Technology Institute and Vice Chairman of the Distributed Accounting Standards Group of the International Telecommunication Union, the whitepaper comprehensively and systematically applied the...
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Netease Launch Blockchain Games Channel With 3 Categories Blockchain

Netease Launch Blockchain Games Channel With 3 Categories

22 March, Netease launch a navigation for blockchain-based games on its game channel.  The page categorized and evaluated existing blockchain games, allowing players to choose games according to their interests. Since blockchain games do not focus on playability, players are more concerned about whether they can make money through games. However, many blockchain games are more like proof of concept. Netease ranks blockchain games based on market data, media reports and other info so that new players can to quickly find their favorite games. In January 2018, Netease rolled its own blockchain game, Lucky Cat. NetEase pioneered  to deploy blockchain...
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Bytom Global Meetup Tour in Seoul Concluded Perfectly Blockchain

Bytom Global Meetup Tour in Seoul Concluded Perfectly

SEOUL, March 18, 2018 (8BTC News) – Bytom Global Meetup Tour – Seoul Meetup was held at Pentarium in Seoul, South Korea. Bytom CEO Duan Xinxing, CEO assistant of Bitmain Zhang Yuan, and Zeniex CEO Choi Kyung-joon, together with 200+ blockchain investors and bitcoiners, attended the meetup. Blockchain development as well as its future trend are under heated and in-depth discussion during the meetup. It was the joint debut of China’s leading blockchain influences including Bitmain (world’s foremost producer of bitcoin mining hardware), Bytom (one of the most potential blockchain projects in China) and 8BTC (a leading Chinese bitcoin & blockchain news site) in...
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Fancy a Career Change? 100,000 Yuan Monthly Pay for a Blockchain Developer in China Blockchain

Fancy a Career Change? 100,000 Yuan Monthly Pay for a Blockchain Developer in China

It is recently reported that blockchain talents are urgently wanted by China’s high-profile tech giants as Alibaba, Tencent, Jingdong, Mi, etc, and a blockchain developer will be paid as much as 100,000 CNY (equivalent to $16,000) a month, according to positions posted on Lagou.com, an online recruitment dotcom. A list of most high-paid blockchain positions by Lagou.com (Top 5 are from Tencent, Mi, Suning, Xunlei, Ali) Blockchain has been a nowadays buzzword, drawing increasing interest from the public. Blockchain startups and media are springing up in the unabated blockchain fever, offering numerous blockchain-related posts. 60,000 Chinese yuan monthly pay for a...
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Most Mainstream Investors In China is Taking a Wait-and-See Approach on Blockchain and ICOs Blockchain

Most Mainstream Investors In China is Taking a Wait-and-See Approach on Blockchain and ICOs

Now, blockchain has become a hot topic in both internet sectors and venture capital( VC) circles in China. From a long-term investment perspective, what is the real value of this technology? 95% of Blockchain Projects are “Pipe Dreams” In 2017, a group of blockchain-focused investment institutions were founded in China, such as INBlockchain and Viking Capital. In addition, some small and medium-sized funds like Fountain VC also rushed headlong into the blockchain world. Fountain VC set up a blockchain incubator last October and have invested in 6 projects. As a newcomer, the firm’s CEO George voiced his concern about the...
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CSRC Official Comments at “Two Sessions” Conference: A Fully Decentralized Blockchain Has No Solid Ground Blockchain

CSRC Official Comments at “Two Sessions” Conference: A Fully Decentralized Blockchain Has No Solid Ground

Zhang Ye, member of the CPPCC National Committee and director of the Information Center of the China Securities Regulatory Commission (CSRC), said at the “Two Sessions” conference that the blockchain has some very prominent characters but it cannot be fully decentralized. Zhang Ye emphasized that both the principle of this technique and its technological means deserve high attention from Chinese government. However, there are still some issues need to be further clarification. First of all, from a technical point of view, Zhang Ye argued that, an absolute decentralization of the blockchain is invalid: blockchain itself is a software which needs to be developed in a centralized way. On the other hand,...
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Bitmain Has Its Eyes on Private Central Bank Powered by Blockchain Blockchain

Bitmain Has Its Eyes on Private Central Bank Powered by Blockchain

Jihan Wu, co-founder of bitcoin mining hardware giant Bitmain, discussed the idea of private central bank issued cryptocurrencies and announced Bitmain intends to invest private central bank startups that plan to issue private currencies by using blockchain technology at DC Summit on Wednesday. Wu demonstrated the importance of private central banks and cryptocurrencies to the future economic ecosystem. He said that, if there is a market for private central banks, there will be too many currencies. He also quoted from Hayek in his speech, “instead of entertaining an unmanageable number of currencies, markets would converge on a limited number of...
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