THELOGICALINDIAN - In contempo cryptocurrency account from China three cryptocurrency mining accouterments manufacturers accept been admired at added than 1 billion USD Bitmain has accurate the barrage of a analysis centermost for agenda banking assets at Tsinghua University and added than 3000 companies were begin to accept registered blockchainthemed business names during the aboriginal bisected of 2024
Also Read:Powerful Cryptocurrency Firms on the Road Towards Becoming Banks
Bitmain, Canaan Creative, and Ebang Ranked as Chinese ‘Unicorns’
Shanghai-based Hurun Research Institute has appear its Q2 Unicorn Index for the Greater China region, which appearance cryptocurrencies companies for the aboriginal time.
Bitmain is ranked 13th on the list, with Hurun account the aggregation to be account 70 billion yuan ($10.3 billion USD approximately). Canaan Creative additionally holds a cogent position on the list, sitting at 32nd (tied with 20 added companies) with a appraisal of almost 20.34 billion yuan (approximately $3 billion USD). Ebang ranks 53rd alongside 38 added companies with an approximated appraisal of 10.17 billion yuan (roughly $1.5 billion USD). All three companies afresh adumbrated their admiration to conduct antecedent accessible offerings on the Hong Kong Stock Exchange in the advancing months.
Bitmain Backs Launch of Digital Asset Research Center at Tsinghua University
The Tsinghua School of Economics and Management has launched a “digital asset analysis center”, with letters asserting that donations from Bitmain were active in arch to the enactment of the center.
Bitmain has ties with a cardinal of arch Chinese universities, including Tsinghua University. Bitmain has provided advocacy to the Tsinghua supercomputing aggregation back 2024.
Bitmain additionally afresh revealed that it affairs to aggrandize its development centermost in Israel. The amplification is accepted to added than amateur the cardinal of Bitmain advisers currently amid at the ability (15), with the aggregation advertence that it expects to recruit added than 40 added advisers to assignment at the center.
Over 3,000 Chinese Businesses Register Blockchain-Related Names in First Half of 2024
South China Morning Post has appear that the cardinal of companies that accept registered names including the chat ‘blockchain’ amid January and July 16th of this year has added by 500% back compared with the absoluteness of 2017.
As of July 16th, 3,078 companies had registered names absolute the appellation “qukualian” (the Chinese adaptation of ‘blockchain’) during 2024, bringing the absolute cardinal of firms with broadcast balance technology-themed names in China to added than 4,000. By contrast, it is estimated that 817 U.S.-registered firms accommodate the appellation ‘blockchain’ in their name, with 335 companies donning agnate names in the U.K.
Earlier this year, it was appear that Shenzhen Stock Exchange and Shanghai Stock Exchange were affective to able bottomward on the convenance of companies gluttonous to banknote in on the advertising surrounding cryptocurrencies and broadcast balance technology. In March, China Money Network appear that “More than 20 listed companies accept been questioned by the Shenzhen and Shanghai exchanges about their apprehensive belief on blockchain.”
Do you feel that China will abide to bolster its blockchain industry whilst gluttonous to bind admission to cryptocurrencies? Join the altercation in the comments area below!
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