Chinese Blockchain Startup Hires VC Exec to Lead North American Expansion

Blockchain startup Conflux has hired Eden Dhaliwal, the former head of crypto at Outlier Ventures, as a managing director to lead its expansion in North America.  The Beijing-based firm is set to open an office in Toronto within two weeks. It is assembling a ten-person team to conduct research and seek local investors and business […]

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Beijing Can’t Save China’s Stock Market from a Coronavirus Reckoning

Chinese financial markets will open on Monday with a massive capital injection. By spending 1.2 trillion yuan to prop up the stock market, Chinese authorities hope to prevent a massive crash when trading resumes. The government’s efforts will fail. Chinese stock markets are set to reopen on Monday morning after an extended Lunar holiday break. […]

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Dow Futures Swing Wildly with Trump’s Breakthrough Trade Deal Reveal

Dow Jones Industrial Average (DJIA) futures swung back and forth on Tuesday morning. Phase one trade deal reveals China’s commitment to purchasing $200 billion U.S. goods. But analysts are skeptical about whether the agreement can be enforced. After two years of excruciating talks, tit-for-tat exchanges, and political theatre, President Trump’s phase one trade deal with […]

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Guangdong Blockchain Financing Platform Aims to Help Small Business

The Guangdong government launched a blockchain-based financing platform Thursday that will help small companies in the region receive loans faster from commercial banks.  The government-led project is supported by Alibaba’s fintech arm Ant Financial and OneConnect, a subsidiary of one of the largest Chinese insurers, Ping An Insurance, according to a media report from Sina […]

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Chainalysis Report on PlusToken ‘Scammers’ Blamed for Monday’s Crypto Selloff

The slide began at 18:28 UTC on Monday. In just seven minutes, bitcoin slipped 4 percent, to $6,800 from $7,085 according to data from Coinbase. In that time, ether took a bigger hit, dropping 7 percent from $140 to $130. Neither had seen such lows since Nov. 25, when the crypto markets suffered a temporary […]

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Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push

OneConnect Financial Technology, the fintech arm of China’s largest insurance company, filed a prospectus on Wednesday for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The firm plans to list its shares on NASDAQ. OneConnect’s filing with the SEC today called for a target raise of $100 million, though that […]

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Who Trump’s Blaming for Today’s Ugly Stock Market Nosedive

Stocks plunged on Thursday, headlined by the Dow’s nearly 200 point setback. President Trump railed against the “Impeachment Hoax” and Federal Reserve. However, analysts say the stock market is reacting to weightier concerns. The stock market suffered a substantial setback on Thursday, priming the Dow, S&P 500, and Nasdaq for a disappointing end to a […]

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China’s Congress Passes Cryptography Law, Effective Jan. 1, 2020

The Standing Committee of the 13th National People’s Congress in China has passed the cryptography law on Saturday and it will be effective on January 1, 2020, according to a Chinese media report. The announcement came one day after Chinese President Xi Jinping’s call on the country to seize opportunities in blockchain technology. While China […]

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