Press Release

Industry Insights from ChainUP, CoinTube and CoinTelegraph China Amidst COVID-19

19th March, 2020, Singapore ChainUP, CoinTube and Cointelegraph China gathered together on March 12th to discuss the latest blockchain developments as well as the impact of COVID-19 on the industry, including cooperation possibilities. Titled ‘Three-Way Talks’, the distinguished panel consisted of ChainUP Founder and CEO Zhong Gengfa, Co-founder and CEO of Cointelegraph China, Vadim Krekotin, and CoinTube CEO Shatt. 

The following is a summary of the key takeaways.

ChainUP Founder and CEO Zhong Gengfa

ChainUP has been globalizing and localizing, under the current market conditions, while simultaneously cultivating skills internally.

In light of the current COVID-19 epidemic, ChainUP has been strengthening its online branding activities, promoting in-depth cooperation with media besides also launching an ‘Enterprise Epidemic Support Plan’. For now, Zhong believed that spending time to cultivate skills internally was the way to  prepare for the next market breakout.

In terms of future plans, Zhong Gengfa said that ChainUP objectives included accomplishing goals in the areas of compliance, enterprise group strategies, and globalization. 

For compliance, ChainUP will continue to promote cooperation with regulators and licensed institutions in order to strengthen monitoring and increase compliance. 

For structuring brand groupings, ChainUP will focus on the development of 1 main brand, 3 sub-brands (financial derivatives service platform EXUP, wallet technology service provider HiCoin and exchange liquidity service provider BitWind), and 5 business lines to create a full technology ecosystem. 

With respect to globalization, besides its Singapore headquarters, Japanese branch, and Hong Kong branch, ChainUP has been expanding into more than ten key markets in various countries and regions, establishing deep ties and connections. In future, ChainUP will continue to expand its blueprint to realize goals of globalization and localization.

CoinTube CEO Shatt:

To focus more on providing quality financial products to customers.

While the sudden onset of the COVID-19 epidemic had impacted enterprise business developments, Shatt stated that it was still within control. Developing enterprises during this epidemic will be a challenge and a new opportunity. 

With the restriction on events, the company has begun to plan and design strategies for online business exhibitions. Shatt revealed that CoinTube had already contacted some family offices, wealth management companies, financial planners and insurers to jointly launch digital asset financial products this year to provide high-quality financial products to more customers. 

Shatt believed that a market breakout was imminent after the epidemic. Hence, the down time during the epidemic was actually very valuable for companies to calmly prepare for the future and fine-tune to improve their products. 

Co-founder and CEO of Cointelegraph China, Vadim Krekotin:

Cointelegraph China aims to be the bridge between markets in the East and in the West.

In spite of the epidemic, the Cointelegraph China team still conducted local interviews, while at the same time, translating overseas news and online interviews. The first ‘Focus’ online interview was conducted just the day before (11th March), an interview of early Bitcoin investor Jeffrey Wernick. ‘Focus’ is receiving extensive industry attention domestically and overseas, and CTC has plans to continue inviting international trendsetters to participate, in a bid to bring more international professional voices to the Chinese market.

Cointelegraph China aims to be a bridge between the eastern and western markets – on one hand, it can bring accurate and timely overseas information to the domestic Chinese market and introduce high-quality Chinese start-ups to the world; while on another hand, it can attract premium overseas projects domestically, which overall develops the global blockchain market.

Three-Way Talks

‘Three-Way Talks’ received support and coverage from the following media outlets: Cointelegraph China, Jinse Finance, DeepChain, PANews,, Bitwires, ChainDDFinance, LianTuan, Blocklike, GuoWei and over 10 more other well-known media.

About ChainUP

ChainUP is a leading blockchain technology solution provider in the world. It owns eight well-developed product lines: digital currency trading (financial derivatives), wallet, situational awareness, public chain and consortium blockchain, mining pool, blockchain cloud media, liquidity, broker, and has constructed an industrial closed-loop from technology service to traffic and traffic commercialization. So far, it has served 300+ exchange clients, 100+ digital wallet clients, 150+ liquidity service clients, which include 50+ million users in over 20 countries from Asia, Europe, America and Oceania. The team members behind ChainUP have worked in top blockchain or internet companies and institutions in technological development and operation management, and are highly experienced in the blockchain industry. It has obtained several rounds of investments from well-known top institutions in the  industry, such as Morningside Venture Capital, Joy Capital, Node Capital, Albatross Venture, Taoshi capital, amongst others.

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