Blockchain Institute launched by Huobi China in Hainan

Huobi labs and the Tianya community stated a partnership i order to build a "Global Cultural and Creative Blockchain Lab" in Hainan
16 May 2018   898

The information about Huobi to complete the creation of Hainan’s headquarters in 2018 and initiates a billion-dollar global blockchain industry fund has been confirmed by the Huobi official.

This time Huobi set Hainan in a cooperative way and had in-depth collaboration with the old Tianya community. Huobi hopes on the influence of the Tianya community in Hainan to develop the Huobi business there.

Also, Huobi aims to complete its 5 constructive plans correspondingly with the mission of the Hainan Special Administrative Region:
1. The Chinese headquarters of the Huobi will be replaced to Hainan and placed in Hainan Ecological Software Park.
2. Organize a $1 billion fund for the global blockchain industry.
3. Establish a global top blockchain research institute together with the world's top universities.
4. Cooperate with the world's major industry firms to found 10 global blockchains + laboratories.
5. Construct a 40,000 square meter blockchain incubator.

Hainan is as well going to arrange and develop the first non-profit cutting-edge research institute concentrated on blockchain technology. After being established, the institute will have a global blockchain innovation fund, a blockchain laboratory, and a blockchain innovation talent-preparing center, an incubation park and industry summit forum.

Binance to Add WeChat and Alipay Support

According to the anonymous sources of The Block, the feature is in the testing stage for Android users
10 October 2019   114

Binance Exchange will add support for the largest Chinese payment systems WeChat and Alipay.

Referring to informed sources, The Block reported that this option is currently being tested for Android users, and will soon become available for iOS and the desktop version of the trading platform.

Note that in China, the activities of cryptocurrency exchanges were officially banned at the end of 2017. However, residents of the country are actively using P2P and OTC platforms to buy bitcoin.