Bitcoin rebounds past $ 20K; China’s blockchain revolution is missing data on the chain

This is especially true if they can take advantage of this with investors to juice a round of financing. At one point, China was home to nearly 35,000 blockchain companies, according to publicly available business registration data. Of course, many companies jumped in by adding blockchain to their name to gain access to development grants, as well as out and out scams. According to the SCMP’s report, this number is down to around 1800, so the herd has been thinned out.