Blockchain AI Startup SingularityNET Partners with China’s Insurance Giant Ping An

SingularityNET, a startup developing a decentralized artificial intelligence (AI) network, has announced a partnership with Ping An, the world’s largest and most valuable insurer and one of the biggest investment and asset management companies. The partnership will begin with a focus on three main areas: optical character recognition (OCR), cross validation (CV), and model training,…

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EOS Price Tries to Climb as China’s CCID Gives The Technology Top Marks

It is safe to say very few crypto markets will see any form of positive momentum as long as Bitcoin remains bearish. While this applies to virtually all other markets, it appears the EOS price is trying to buck this overall trend, and is even mildly successful at doing so as well. Everything needs to…

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China’s Guangdong gets blockchain-based tax invoice for e-commerce

The Guangdong Municipal Taxation Bureau announced its intents to implement an electronic invoice platform for the e-commerce industry based on the blockchain. According to reports by a local news outlet, the South News Network, this is the first blockchain electronic invoice service for customers and merchants in the region. However, it’s already available on the…

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China’s new framework helps blockchain adoption in agriculture

Authorities in China recently announced the release of a new regulatory framework dubbed “Guiding Opinions on Rural Service Revitalization of Financial Services.” According to the official announcement made on Feb. 11, the new framework is aimed to help improve the efficiency of financial services for rural revitalization programs. Five authorities in China came together to…

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Bitcoin Price Analysis: BTC Losses Coincide with China’s New Policies

Bitcoin Price slow down after sinking 10 percent China introduces new privacy quashing blockchain rules Trading volumes steady but bearish Even though today’s losses are low, there is hope for traders as long as Bitcoin prices are oscillating above $3,700. Drops below this minor support line could trigger sells towards $3,220 or lower in the…

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BTC/USD Bitcoin Price Analysis: China’s support of BTC Very bullish

China is important. It is home to the largest Bitcoin mining companies and their citizens are fast adopters. Therefore, the recent court ruling is bullish and could fast-track Bitcoin loss reversal driving prices back above $7,000 in the process strengthening market confidence. So far, BTC/USD pair is stable and down one percent in the last…

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China’s Bitcoin Mining Dominance Threatens Network

China is, by some separation, the undisputed world pioneer in Bitcoin mining — with Chinese mining pools controlling over 70% of the bitcoin system’s aggregated hash rate, a higher hash rate is better when mining digital forms of money as it expands your possibility of finding the following block on the chain and accepting bitcoin….

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Ethereum Price Analysis: China’s Blockchain Assault Continue, ETH Hold Steady

Even though transacting over blockchain platforms is legal, fresh efforts by Chinese regulators and agencies to further bog down privacy is of great concern. Proposals by the Cyberspace Administration of China may be conflicting with laws. Even if they are still consulting with the public, its implementation might adversely affect price. On to the charts…

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Nebulas selected by China’s MIIT in Global Public Chain Evaluation

SAN FRANCISCO, June 19, 2018 – Last week, the CCID Blockchain Research Institute under the Ministry of Industry and Information Technology (MIIT) in China released the initial list blockchain projects included in its Global Public Chain Technology Evaluation. Nebulas is selected as one of the projects on the list. The Global Public Chain Technology Evaluation aims to provide an…

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China’s State-Run Newspaper Globaltimes Calls for Crypto Regulations

Regulations around cryptocurrencies are growing everywhere around the world. They can be more crypto-friendly or totally ban virtual currencies – as it happened in China. But it is not possible to discuss that there is not a clear trend towards regulations. This time, the Chinese government may be looking into a new way to control…

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