Chinese Bitcoin Tycoon-Backed GXChain Halted Amidst Police Crackdown

The Chinese authority has clamped down another domestic cryptocurrency project, shutting down the office of the popular and once well-funded "GXChain," which counts Chinese bitcoin tycoon Li Xiaolai and early-stage investment firm ZhenFund among its shareholders. Hangzhou Cunxin Data Technology, the parent company of GXChain, had its office in eastern China’s Hangzhou city sealed by […]

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