The Shenzhen Stock Exchange announced it has added an index of 50 blockchain companies.
According to the official press release, the companies are ranked according to their average daily market value. The index is updating twice a year.
By selecting the components of the index, the exchange reportedly checks whether the technology "is actually used and if the company does not use the term “blockchain” only to create a hype."
Meanwhile, a Chinese conglomerate that listed among the world's largest gaming, tech and investment corporations Tencent Holdings Limited is planning to open a cryptocurrency-focused research arm.
Earlier iHodl reported that the authorities of the Asian giant have confiscated around 7,000 crypto mining devices that were illegally consuming electricity.
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