G7finance.com - Crypto Currency Updates logo G7finance.com - Crypto Currency Updates logo
Cryptopolitan 2020-01-20 23:07:27

Chinese blockchain investments dropped by 40% in 2019

Despite China’s highly favorable attitude towards blockchain, statistics record a 40 percent drop in Chinese blockchain investments. The drop in Chinese blockchain investments Chinese blockchain investments saw a record high spending in 2018 while the number declined again in 2019. Meanwhile, the number of deals and ventures decreased by 60 percent from the previous year. As per the data collected by Rhino Data and Xinhua, a Chinese state-run media firm, the total amount of blockchain investment accounted for 24.4 billion Chinese yuan (approximately 3.6 billion dollars). The research published by Xinhua Finance reveals that the number was 40.8 percent less

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer