Submit Blog Home » Cryptocurrency News » Cryptocurrency News » More Than 10,000 New Blockchain Companies Established in China in 2020 More Than 10,000 New Blockchain Companies Established in China in 2020 August 9, 2020 LongHash said China’s blockchain companies have increased substantially and recorded an all-time high in 2020 despite Covid-19.
280 Total views
7 Total shares Blockchain and crypto data platform LongHash revealed on August 8 in a tweet that China’s blockchain sector has grown substantially despite the pandemic this year.It stated that over 10,000 blockchain companies were established between January and July.The report also shows the current number of blockchain-related companies in China is on track to surpass 2017’s total figure.LongHash said 2020 could also pass 2018’s total of 18,500 and for a new all-time high.Source: LongHash Tweet The figures show that there are 84,410 registered companies and, of these, 29,340 are in operation.The Guangdong Province in Southeast China has the highest number of blockchain startups with Yunnan Province in the southwest coming in second.However, the majority of the blockchain companies registered with only a small capital.
It shows the maximum registered capital was 5,000 yuan, which is about $717.
Meanwhile, only a few of them registered with over 50,000 yuan, about $7,175.
As Cointelegraph previously reported, the Chinese government is implementing blockchain for trying to bring more efficient government services.China’s central bank also got $4.7 million in funding for its blockchain trade platform in the next three years.The country approved 224 blockchain projects from major companies, including JD, Walmart, China, and Baidu.Share this: XBT Provider Admits Knowledge Gaps as It Postpones Launch Of Cryptocurrency Basket Swedish Bitcoin (BTC) exchange-traded note (ETN) operator XBT Provider has shelved plans to offer altcoin products due to market volatility, Bloomberg reported on Feb.
13.Speaking to the publication, XBT’s CEO Laurent Kssis revealed the company did not have an understanding of Bitcoin hard forks and related phenomena when Swedish regulators greenlighted its plans in May… Justin Sun Riles Community With $1 Million Donation to Greta Thunburg Tron (TRX) founder Justin Sun has publicly pledged to donate $1 million to efforts by the young Swedish activist Great Thunberg to raise global awareness of the climate crisis.Responding to the watered-down results of last week’s COP25 UN climate conference in Madrid, Sun tweeted on Dec.18:“As a young entrepreneur, I share @GretaThunberg’s passion to change… Lawyer Asks Whether KYC Is Worth Exposing Users to Hacking and ID Theft In the aftermath of the recent BitMEX data leak, lawyer and general counsel at decentralized finance startup Compound Finance Jake Chervinsky raised the question of whether exposing the public to data risks that Know Your Client (KYC) requirements entail is worth it.It is about time we reconsider KYCIn a tweet posted on Nov.1, Chervinsky… US Congressman: Facebook Should Add Bitcoin, Not Create Libra United States Rep.Warren Davidson (R) has said that Facebook adding Bitcoin (BTC) to its Calibra wallet would be a “way better idea” than creating its new currency, Libra.In an interview for the Noded Bitcoin podcast on Oct.11, the Congressman said that “part of the beauty” of Facebook’s unveiling its proposed Libra stablecoin is… Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows The start of 2020 has seen considerable gains in the cryptocurrency market as a whole.
Recently, Bitcoin (BTC) price reached a 2-month record high crossing above the $9,000 mark as well as other cryptocurrencies such as Litecoin (LTC) reaching $62.80 which is the highest price seen since mid-November 2018.Cryptocurrency market weekly overview.Source: Coin360Cryptocurrencies’ volatile… BUSD — Binance and Paxos Stablecoin Latest to Get US Regulator Consent Over the course of the past few weeks, the global cryptocurrency community bore witness to two major announcements related to stablecoins — with the first being the launch of Paxos’s gold-backed Ethereum token, PAX Gold (PAXG), and the other being the release of Binance’s cryptocoin backed by the United States dollar (BUSD).Paxos, a global digital… Precious Commodities: CFTC Shows Force Against Crypto Scammers, but Maintains ‘Do No Harm’ Approach This week, a United States federal district judge ruled that an allegedly fraudulent crypto token meets the definition of a commodity.That brought the case under the Commodity Futures Trading Commission’s (CFTC) purview, which has long argued that virtual currencies constitute commodities.Here what it means — and how the watchdog has been supporting its… Bitfinex to Delist Nearly 50 Cryptocurrency Trading Pairs on March 6 Bitfinex, the 11th largest cryptocurrency exchange by daily trading volume, will remove dozens of cryptocurrency trading pairs later this week.According to a March 2 blog post, Bitfinex will remove 46 crypto trading pairs on Friday, March 6 due to low liquidity on the platform.The cryptocurrency exchange noted that the delisting of the trading pairs is… US Federal Court Denies Motion to Remand Against Ripple The U.S.District Court, Northern District of California has ruled to deny a motion to remand against Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, according to an official document issued Aug.
10.The original lawsuit was first initiated by XRP investor Ryan Coffey in a San Francisco court on May 3, 2018,… Leave a Reply You must be logged in to post a comment.Search.
