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After China’s new bans on ICOs and cryptocurrency exchanges, Chinese sites Baidu and Weibo have reportedly stopped allowing crypto-related ads.
Hyperledger announced that Baidu has joined the project. All Chinese giant tech companies have entered the Blockchain playground now.
Baidu, China’s largest search engine and web services company, has recently halted all Bitcoin and cryptocurrency-related advertising on its network.
Baidu invested into Zest, one of the fastest growing fintech startups in the US, to develop a credit scoring platform based on search data.
Chinese search engine Baidu.com has entered the financial revolution that is FinTech for the first time with an investment in an American Blockchain company.
Bitcoin prices have settled into the mid-$700 range over the weekend after substantial moves against the currency in China.
The Chinese digital market giant starts their cooperation with the crypto currency Bitcoin.
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