World's 10th Largest Public Company, Ping An Insurance, Partners with SingularityNET

Major Chinese insurance firm Ping An is partnering with AI-focused blockchain startup SingularityNET, with goals that include Optical Character Recognition (OCR), Computer Vision (CV) and model training. SingularityNET made the announcement via a blog post on March 13, and the 2 companies are happy to be collaborating with and utilizing each other’s strengths for the…

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Chinese Political Leaders Propose Cryptocurrency Regulation

The subject of cryptocurrency during the two sessions of the National People’s Congress (NPC) in 2019 has augmented considerably. Numerous representatives said that “cryptocurrency illegally sets the currency” and suggested to reinforce their supervision. Several legislative delegates and political leaders call for efficient, clear and strict cryptocurrency regulations. As the capital market continues to heat…

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Samsung and Apple are losing ground to Huawei because their phones are too expensive

Research released by Gartner shows China’s Huawei is gaining ground over major rivals like Samsung and Apple. Apple’s iPhone suffered its worst quarterly year-on-year sales decline since the first quarter of 2016, Gartner says. Gartner’s Anshul Gupta says Samsung and Apple’s high price tags are putting consumers off. Samsung and Apple are increasingly losing their…

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Tencent says it will not scale back on investments this year

China’s Tencent Holdings will not scale back on investments this year after a record high of 16 companies it invested in launched IPOs last year, President Martin Lau said at a closed-door investor conference in Beijing. Tencent invested in more than 700 companies in the past 11 years, Lau said, and 63 of those are…

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Germany says it's not ready to bar Huawei in potential US snub

A spokesperson for Germany’s interior ministry told CNBC on Tuesday that the nation was not planning to shut any firm out of its 5G network. He said Germany was instead looking to amend existing laws to ensure all vendors could be included. Allowing Huawei into its 5G network would be a move against the U.S.,…

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Is US China Trade Dispute Behind Monday's Cryptocurrency Rally?

Two very separate markets in crypto and stocks are trending in the same direction on Monday. The first market is of Asian equities led by China. The mainland Chinese stocks today jumped more than 3 percent, its best since early November 2018. The CSI 300 Index (SHA: 000300), which lists China’s major stocks from technology,…

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Ripple Expands Blockchain University Initiative With Partners in US, China & Singapore

Ripple has announced the latest new partners in its global University Blockchain Research Initiative (UBRI), which include universities in the United States, China, Singapore and Brazil. The development was announced in a press release published Feb. 7. As reported, Ripple launched UBRI in June 2018  to support academic research, technical development and innovation in blockchain,…

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XRP Price Analysis: Ripple’s Plan for China, Hiring A Country Manager

XRP price technically bullish Ripple to hire a Country Manager, plans to open a physical office in Shanghai Transactional volumes are low, may rise if prices recover from 30 cents Ripple has grand plans. After funding the Fintech Research at Tsinghua University (THUIFR), the company plans to open a physical office in Shanghai. To that…

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ZB.Com User Accuses Crypto Exchange of Reporting Him to Police

A Chinese user of the cryptocurrency exchange ZB.com said that the exchange reported him to local police in a post on the 8btc forum, a major Chinese crypto community, on Jan. 21. In the post, which has been viewed over 12,000 times with 135 comments, the user claims that ZB.com froze his account containing a…

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US cancels trade planning meeting with China, source says

The White House has rejected a trade planning meeting with China this week due to outstanding disagreements over intellectual property rules. Should Beijing and Washington fail to agree on a permanent solution by March 1, President Donald Trump has said he will reinforce punitive tariffs. The White House tells CNBC that “the teams remain in…

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A US trade deal with China won't be perfect – it doesn't need to be

Whatever your take on the Trump administration’s economic agenda, we should all agree on one thing: contrary to President Trump’s assertion, trade wars are neither good nor easy to win. What started with the administration slapping tariffs on imported solar panels and washing machines eventually devolved into Trump levying steel tariffs on national security grounds….

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Fullerton Markets Launches Data Analytics Service for IBs

Retail broker Fullerton Markets (Fullerton) announced the launch of a new data analytics service for introducing brokers (IBs). The new service will be integrated into the company’s digital platform – Fullerton Suite. According to the broker, the new service will allow IBs working with Fullerton to get a better insight into how their business is…

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IBM, Ford Blockchain Pilot Targets Cobalt Supplies From Democratic Republic of Congo

Global technology giant IBM will use its blockchain platform to monitor and trace supplies of cobalt from the Democratic Republic of Congo, the company confirmed in a press release on Jan. 15. IBM, which has already used the in-house IBM Blockchain platform built on the Hyperledger Fabric in multiple use case environments, will now target…

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China Introduces New Anti-Anonymity Regulations for Blockchain-Related Companies

The Cyberspace Administration of China (CAC) has introduced new regulations for blockchain firms that are operating in the country. The announcement was published on the regulator’s website on Thursday, Jan. 10. According to the CAC, the guidelines, which will come into force on Feb. 15, were developed to contribute to the healthy development of the…

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EOS dApps Being Taken Over By China

Ever since the blockchain industry was developed, dApps have become a big topic within the industry. SV Insight Research analysed data from State of the dApps from 12th September – 18th October 2018 and it found that gambling dApps account for the majority of the dApps. The team picked out the top ten gambling decentralised…

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1 in 7 Chinese Have Invested in Cryptocurrency

A survey conducted by Panews has found that 14% of Chinese citizens have invested in cryptocurrencies. The survey also found that 98% of respondents indicated familiarity with the concepts of cryptocurrency and bitcoin – 3% more than those who stated that they had heard of blockchain technology. Also Read: Skeptical Payoneer CEO Dismisses Idea of Single…

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Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with three of its clients.  Also read: Former Mt. Gox CEO Could Face 10 Years in Jail…

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Democratic Values: EOS Node Openly Offers Money for Votes

Starteos, a block producer for the EOS blockchain, has openly offered to share part of its income with users. This is significant because it suggests that the EOS network, which is one of the most valuable blockchains in the world, is not in fact decentralised or democratic at all, contrary to its own claims. It…

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Researchers Say Bitcoin Mining Is Far More Green Than Reported

A new report from CoinShares says that Bitcoin mining is much more environmentally-friendly than is normally reported. The usual narrative applied to cryptocurrency mining is that it’s very energy-intensive and damaging to the natural environment. Critics say that the increasing power consumed by mining outfits will lead to disastrous consequences in the future. It is…

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Chatter Report: Buy Walls, Miner Anonymity and Bitcoin vs. the State

In today’s edition of Chatter Report, crypto influencers debate the importance of buy walls to support crypto prices, reason for and against miner anonymity and ponder the outcome of governments attacking bitcoin. Hodlers of Last Resort and Buy Walls Early bitcoin adopter and investor in Kraken, Trace Mayer, argues that crypto market capitalizations are important,…

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