Latest Crypto News on Asia— May 9th

To get the latest alerts on China and Asia Cryptocurrency happenings, subscribe to our newsletter below. It’ll be a quick, hassle-free update to your inbox daily.

Wechat’s first blockchain applet suspended service due to violation

On May 9, earlier today in China, WeChat’s first blockchain widget dubbed “Small Agreement” went live. The applet could write in the contract confirmed by Party A and B to Ethereum, and use a WeChat ID and other information to generate a digital signature. This would ensure the authenticity of the contract. However, shortly afterwards, the applet announced a suspension of service due to the unopened service scope. See a Google translated note here: More to come in a bit

– Canaan Creative, China’s second-largest bitcoin mining hardware maker, is planning to seek an initial public offering in Hong Kong instead of the US, which if successful would make it the first blockchain-related company to list on the city’s bourse

– China’s Ant Mining Pool is looking to participate in EOS Superpool and extend beyond its current mining focus and create a diversified, decentralized, democratized and more inclusive platform for the community. Interview with the cofounder Tian Xin. Google translated here : contact us if you’d like this to be translated manually

The Ministry of Industry and Information Technology to direct the second China Blockchain Development Contest

Today, China’s blockchain technology and industry development forum issued a message in its official public account, saying that in order to actively nurture blockchain application solutions and foster China’s blockchain technology and industrial development ecological environment, the forum will be managed by the Ministry of Industry and Information Technology.

– The Ministry of Public Security develops blockchain system to ensure data storage security-

According to the data released by the China Intellectual Property Office on Tuesday, the Third Research Institute of the Ministry of Public Security submitted a blockchain-based system patent application in November 2017. The system will timestamp data submitted to cloud space and provide a more transparent and tamper-proof data retention process.

-EOS Gravitational Area will hold EOS Global Node Gravity Summit on May 19

On May 19, EOS Gravitational Area will hold the EOS Global Node Gravity Summit in Shanghai, with nearly 50 domestic and foreign nodes such as HuobiPool, EOS Beijing, EOS New York and EOS Silicon Valley.

Leave a Reply

More from GCR


GCR Community Report

Introduction Global Coin Research (GCR) is a research and investment DAO focused on Web3. Our mission is to pioneer the future of community-driven investing. At


What’s the Difference Between a...

by Carlos Solana Why own an NFT when you could just download the image depicted on it, save it, and look at it as many


How Web3 is Disrupting Traditional...

The application of blockchain technology is catching the attention of the nonprofit community. By Bleu Blakslee To survive the pandemic, nonprofits have had to navigate