Chinese state media: over 32,000 companies in China claim to use blockchain, but less than 10% actually do

There are 32,000 alleged blockchain companies in China but only less than 10 percent of them actually possess the technology, said one of China’s most high-profile news programs, “Focus Report.”  On Monday, “Focus Report” released a full episode on the prevalence of fraud in China’s blockchain and cryptocurrency space. Titled Read more…

Blockchain-based payment processor Radpay raises $1.2 million in series seed round

Radpay, a decentralized global payment processing company, announced today that it had raised $1.2 million in its series seed equity financing round. The round reflected a 20% oversubscription and gave the Phoenix-based startup a $10.2 million post-money valuation. Participants included Phoenix-based investment firms Resiliency Ventures and BlockLaunch as well as Read more…

Alibaba Uses Blockchain to Participate in China’s Single’s Day Celebration, Generates $30 Billion in Sales

As the blockchain technology continues to grow and expand in different markets, many individuals and companies have developed an interest in the market. The blockchain industry is well established in the Chinese market. From being china’s favorite technology, it has expanded into a world success. Recently, a giant Alibaba used Read more…

Blockchain just had a field day in China

E-tail giant Alibaba used blockchain technology to power a record-smashing $30 billion day of sales. And more—in this week’s da bing: A weekly wrap up of crypto in China The post Blockchain just had a field day in China appeared first on Decrypt. Source Author: Shuyao Kong

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