The fund will invest in dapps, DeFi, and NFTs, as long as the blockchain startups aim to integrate with the Nervos ecosystem.
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Nervos and CMB International launch $50M blockchain, DeFi and NFT fund
A $50 million incubator fund has been set up to fund startups developing on China’s Nervos blockchain platform.
An open China a boon to global economy
Reform and opening-up is not only a recipe for China’s success, but has arguably become an indispensable driving force towards a more prosperous world.
China Merchants Bank launches $50 million fund focused on DeFi and NFTs
China Merchants Bank wholly-owned subsidiary CMB International has launched a joint investment fund with Nervos. The multi-million dollar fund will focus on investing in early to growth-stage startups …
China Cracks Down On Crypto Business, Saying ‘Speculative’ Trading ‘Seriously Infringing’ On Financial Order
Cryptocurrencies have “no real support value” and prices that are “extremely easy” to manipulate, three Chinese industry groups warned.
Shanghai Electric Wind Power Equipment’s IPO debut on SSE STAR Market today
Shanghai Electric Wind Power Equipment (688660) to start trading on the Shanghai Stock Exchange STAR Market Exchange. The IPO is priced at RMB 5.44 per share, raising RMB 3.106 bln. Its initial …
CMB International and Nervos Foundation Jointly Launch $50M Blockchain Ecosystem Fund
Nervos, China’s leading blockchain, today announced the launch of a $50 million fund with CMB International (CMBI), a wholly-owned …
China bans institutions from cryptocurrency activities
In its latest bout of crypto regulation, financial institutions have been banned from using digital assets in their businesses, either for trading or pricing. A Chinese journalist named Colin Wu made …
US exports to China grow at ‘expense’ of Australia after Beijing’s trade ban
Following Beijing’s ban on a range of Australian products last year, the US has been steadily ‘backfilling’ the void left by its ally, trade data shows.
Why China’s digital yuan is ‘largest threat to the West’ in past 30 or 40 years, according to Kyle Bass
Kyle Bass, chief investment officer of Hayman Capital Management, says that the biggest threat to the West is the advent of the digital yuan, which he …
Rubio dubs Apple’s business practices in China as ‘woke behavior at its worst’
Florida Republican Sen. Marco Rubio blasted tech giant Apple on Tuesday for allegedly bowing to pressure from Beijing in exchange for access to its vast customer base, following a New York Times …
Blockchain-as-a-Service Market is Booming Worldwide with IBM, Microsoft, SAP SE
Latest released the research study on Blockchain as a Service Market offers a detailed overview of the factors influencing the global business scope Blockchain as a Service Market research report …
Bitcoin dips to lowest since February amid China crypto warning
Bitcoin and other cryptocurrencies slumped after the People’s Bank of China reiterated that the digital tokens cannot be used as a form of payment.
