Chinese cryptocurrency mining hardware producer Ebang conducted two fundraising rounds in February alone, raking in $170 million, even after a previous offering in November, which followed its Nasdaq listing in June. “Ebang’s growth story is very attractive to institutional investors,” said Guo Yi, COO of Univest Securities. "Fundraising by all industry players is getting busier thanks to the Bitcoin bull.”
ConsenSys snags key partnership with China’s national blockchain project
The deal between the Ethereum development firm and the government-controlled Blockchain-based Service Network puts Quorum front and center with Chinese DApp developers
Five months after ConsenSys acquired the Quorum blockchain from creator JPMorgan bank, the Brooklyn-based Ethereum development firm has announced a major coup: a partnership with China’s national blockchain project.
China launches second lottery to test digital yuan
China’s central bank will repeat its $1.5 million “red envelope” central bank digital currency program in Suzhou, following the successful run in Shenzhen
The Shenzhen test acted as both a stress test and a marketing initiative. The City government gave away $1.5 million to 50,000 randomly selected citizens, who each received 200 yuan—about $30—usable at any of the 4,000 merchants who accept the digital yuan. The Suzhou test will include important new features that did not factor into the Shenzhen trials, most notably the ability to pay while offline.
Ripple’s Garlinghouse: U.S. regulators ‘advantaging’ Chinese crypto technologies
The international payments firm’s CEO repeated warnings that regulatory uncertainty is driving the company to consider leaving the U.S.
“If the U.S. government's doing things to advantage Chinese technology at the disadvantage to a company like Ripple and others like Ripple, then that's a really frustrating place to be,” Ripple CEO Brad Garlinghouse said. “And that's why we have taken the step to look at, should we relocate the company to a country where it is clear?”