Shanghai Plans to Cultivate $52B Metaverse Industry by 2025
Shanghai wants to create more than 100 companies in a plan that focuses on virtual reality and increased connectivity.
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Jul 12, 2022 at 1:28 p.m. UTC
Jul 12, 2022
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Shanghai Police Bust $16M Crypto Pyramid Scheme
It's the city's first cracked case of an online pyramid scheme that used cryptocurrencies, according to authorities.
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Mar 15, 2022 at 12:30 p.m. UTC
Mar 15, 2022
Bank of China Reveals Machine That Converts Foreign Currency to Digital Yuan: Report
The machine requires a passport, but not a bank account.
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Nov 8, 2021 at 7:46 p.m. UTC
Nov 8, 2021
Shanghai to Test Offshore Yuan Stablecoin on the Conflux Blockchain
China is using restricted-access blockchains in many industries, but the government use of a decentralized chain is rare.
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Sep 17, 2021 at 8:26 a.m. UTC
Sep 17, 2021
Shanghai-Backed Conflux Blockchain Wants to Bring DeFi to China
The company told CoinDesk that even though ICOs and fiat-to-crypto trading are not allowed in China, crypto-to-crypto trading is not banned.
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Mar 24, 2021 at 1:00 p.m. UTC
Mar 24, 2021
Shanghai Government Invests $5M in Blockchain Startup Conflux
The Shanghai government has invested over $5 million in Conflux while putting the project on a list of 57 companies that focus on emerging technologies.
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Jan 12, 2021 at 5:00 a.m. UTC
Jan 12, 2021
Hong Kong Blockchain VC Hires Former NEO Exec to Launch Shanghai Office
Former NEO general manager Zhao Chen joins Hong Kong-based venture capital firm CMCC Global to lead blockchain equity investments in mainland China at a new Shanghai office.
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Dec 17, 2019 at 8:38 p.m. UTC
Dec 17, 2019
Blockchain Startup Conflux to Get Shanghai Government Funding for Research Institute
Shanghai will open a blockchain research center by the end of December with substantial investment, even as China’s government continues to crack down on crypto-related businesses.
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Dec 17, 2019 at 9:00 a.m. UTC
Dec 17, 2019
Little-Known Crypto Exchange With Ties to a Shanghai Firm Halts Services, Says CEO 'Missing'
IDAX says its unnamed "global CEO has gone missing" and asked customers to stop using its services.
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Nov 29, 2019 at 10:38 a.m. UTC
Nov 29, 2019
Shanghai Stock Exchange: New Regulation 'Crucial' to Clear Way for DLT
Shanghai Stock Exchange sees potential for DLT in the securities market, but says the lack of a regulatory framework is a hurdle to be addressed.
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Jul 12, 2018 at 6:00 a.m. UTC
Jul 12, 2018