China: Shenzhen Issues Country’s First Subway Electronic Invoices Backed With Blockchain

China‘s first blockchain-based electronic invoice for a subway ride was issued at the Futian Station of the Shenzhen Metro, local finance publication Securities Daily reports on March 18. Shenzhen is the first economic special zone in China. The e-invoice function is the jointly developed project of the Shenzhen Municipal Taxation […]

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Will China Soon Pass Crypto Regulations?

China’s regulatory environment surrounding the cryptocurrency industry has been very harsh in the past, with outright bans on crypto exchanges, crypto trading, ICOs, and more. However, the Communist country just introduced new anti-anonymity regulations to enable “orderly development” in its blockchain industry. While regulatory developments are being made, they appear to […]

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Data Suggests That the US and China are Caught in a Blockchain Arms Race

Much to the ire of cryptocurrency advocates, the general public tends to conflate blockchain – which is the tech underlying cryptocurrencies – and the digital assets themselves. Despite their strong connections, the two technologies are separate in many ways, and many analysts believe that as the general public becomes more […]

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Larry Kudlow says the weak jobs report is 'very fluky,' and he wouldn't pay attention to it

White House economic advisor Larry Kudlow says Friday’s weak jobs report is “very fluky.” “I wouldn’t pay any attention to it to be honest with you,” he adds. Nonfarm payrolls increased by just 20,000 in February, the lowest monthly increase since September 2017. That was well below the 180,000 added […]

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Enterprise Ethereum Alliance Opens Regional Office in China; Forms “Token Task Force”

Enterprise Ethereum Alliance (EEA), a member-led industry organization focusing on the use of the Ethereum blockchain technology in enterprise, has opened a regional office in China. The new office will provide local support to China EEA members, leveraging the organization’s standards, working groups, and resources to help them achieve business […]

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Bitcoin Improves In China’s 2019 Crypto Ranking Opener

Bitcoin has improved its position by three steps in China’s latest Global Public Chain Technology Evaluation Index. Bitcoin (BTC), which had dropped to 18th place from No.13 in December, is ranked 15th on Chinese government’s latest official cryptocurrency rankings. China’s Center for Information Industry Development (CCID), under the Ministry of […]

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