Archive | china

China’s Bitcoin Rich Desert China for Overseas Real Estate

China’s Bitcoin nouveau riche are taking their profits overseas in search of the perfect real estate opportunity, according to Coindesk. It appears that California and the UK, notably London, are on top of successful Chinese entrepreneurs’ hit list of favorite locations for an investment in property or second residence. This choice is reported to be […]

New Chinese-Swiss Partnership in Global Restaurant Loyalty Program Announced

Swiss loyalty token protocol qiibee has announced a partnership with Chinese loyalty rewards solution, foodchains, according to Global Banking and Finance Review. The Swiss company, based in the Crypto Valley city of Zug, known for working with global brands, is to link with foodchains in order to enhance the customer’s overall experience in the Chinese-owned restaurant […]

Omni Layer Fork Called ‘Wormhole’ Debuts for Bitcoin Cash

According to a report on the social media platform Yours.org, software developers associated with the mining giant Bitmain plan on launching a smart contract protocol for the Bitcoin Cash (BCH) network. The project called ‘Wormhole’ will utilize the increased data-carrier-size and OP_Return transactions alongside a protocol based on the Omni Layer project. Also read: Group or […]

7 Banks to Form Trade Finance Blockchain Platform in Hong Kong

Seven banks including Hong Kong’s banking regulator are to launch a trade finance platform this September using blockchain. The platform is reported to be one of the largest government-led cross-bank cooperation globally. It will include UK banking giant HSBC and Standard Chartered PLC. HSBC is the seventh largest bank globally by assets and the largest […]

China Sees 500% Spike in Blockchain-Named Companies

Blockchain (qukualian in Chinese) is fast becoming a byword in Chinese business circles according to the South China Morning Post, as the word now appears in company names with a six-fold frequency compared to last year. Figures reportedly show that most of this flurry of activity inciting companies to squeeze the word qukualian into company names […]