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Hong Kong co-working startup Campfire pulls in $18M ahead of global expansion – TechCrunch

Hong Kong co-working startup Campfire pulls in $18M ahead of global expansion – TechCrunch WeWork may be doubling down on Asia, having initially focused its efforts on China, but that isn’t stopping local players from hatching ambitious expansion plans of their own. One of those eying new markets is Hong …

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Chinese Region to Shut Down ‘Illegal’ Bitcoin Miners By September

Chinese Region to Shut Down ‘Illegal’ Bitcoin Miners By September China’s Xinjiang Uyghur autonomous region is set to eliminate “illegal” bitcoin mining operations by the end of August, a government agency has confirmed to CoinDesk. Rumors first emerged online over the weekend after the leak of a government notice issued by …

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SoftBank’s move into new services continues with plan for a payment service in Japan – TechCrunch

SoftBank’s move into new services continues with plan for a payment service in Japan – TechCrunch SoftBank is best known in Japan as a mobile operator but the company, which is behind the near-$100 billion Vision Fund, is increasingly getting into other types of consumer services in its homeland. The …

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China’s Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad

China’s Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad The chives growing in one crypto tycoon’s California mansion carry a hidden message. Guo Hongcai, a beef salesman turned early bitcoin adopter from China’s Shanxi province, is one of many freshly minted millionaires funneling parts of their wealth out …

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Financial Exchange Patent Explores Tamper-Proof Blockchain Bidding

Financial Exchange Patent Explores Tamper-Proof Blockchain Bidding A state-backed financial asset exchange in China’s Chongqing city is turning to blockchain to make online auctions tamper-proof and transparent. According to a patent application filed in December and revealed on Friday by the China State Intellectual Property Office, the Chongqing Financial Asset …

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EBay paid $573M to buy Japanese e-commerce platform Qoo10, filing reveals – TechCrunch

EBay paid $573M to buy Japanese e-commerce platform Qoo10, filing reveals – TechCrunch EBay is a very distant second behind Amazon when it comes to e-commerce sales in the U.S., but abroad — and in particular in Asia — it is willing to invest to grow its footprint in a …

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Credit Rating Firm Backs $8 Million Fundraise for Crypto Alternative

Credit Rating Firm Backs $8 Million Fundraise for Crypto Alternative A startup looking to build a credit scoring protocol on top of the recently-launched Ontology blockchain has raised $8 million in seed funding. POINTS, founded in 2017, said it drew funding from a mix of traditional venture capitalists including Danhua …

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