Asian digital currency custody firm raises $3M for settlement network
First Digital Trust has raised $3 million from a Taiwanese venture capital firm to build its rapid settlement and clearing network which launches in May.
First Digital Trust has raised $3 million from a Taiwanese venture capital firm to build its rapid settlement and clearing network which launches in May.
Beijing has joined Shenzhen in implementing blockchain invoicing as it seeks to increase transparency, reduce the associated costs and increase convenience.
MicroBT, has managed to increase its market share while industry leader Bitmain struggles with supply chain setbacks and internal strife.
Chinese exchange FCoin has shut down claiming to be under maintenance, but it appears the problems are bigger and could lose $125 million for its users.
Bitcoin development in China is happening at a rapid pace, with a growing number of startups focusing on developing apps for Bitcoin SV.
The closure of crypto mines is harmful to the crypto mining industry as China has always been one of cryptocurrency mining's largest markets.
China has always been at the forefront when it came to adopting Bitcoin, and now that they have discovered BSV, they are taking to it fast, Ella Qiang says.
The FastPay Button makes it easy for users to monetize their own data.
The Coronavirus continues to destroy and blockchain could help China in its response, enabling transparency in distribution of funds and better data management.
As China struggles to tackle the deadly Coronavirus, one expert at the University of Hong Kong believes blockchain could help the country respond better.
While many crypto enthusiasts are fixated on price swings, the BSV community in China has proven to be different, looking beyond the price to real applications.
Lawmakers in Japan are set to publish proposals this week which could pave the way for digital currency use in the country.