Blockchain development in China will see a compound annual growth rate of 65.7% from 2018 to 2023, according to new research by IDC. China’s spending on blockchain technology will exceed $2 billion in 2023, official state-run publication Xinhua reported on Nov. 10. The report claims that blockchain development in China will see a compound annual…
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Huobi Chain on schedule for Q2 2020 mainnet launch, encouraging regulators to participate in the innovation of financial services. Cryptocurrency exchange Huobi has open-sourced the development of its Huobi Chain blockchain, the company has confirmed. In a press release shared with Cointelegraph on Nov. 12, Huobi said that Huobi Chain, which it unveiled in June,…
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The financial technology subsidiary of Chinese e-commerce giant Alibaba, Ant Financial, started testing its enterprise blockchain platform. The financial technology subsidiary of Chinese e-commerce giant Alibaba, Ant Financial, started testing its enterprise blockchain platform. According to local news outlet Sina Finance on Nov. 12th, the senior director of technology and business innovation at Ant Financial,…
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The Abra crypto investment app is reportedly adding 60 new cryptocurrencies to its platform, effectively trebling the number of supported tokens. California-based cryptocurrency wallet and investment service Abra is adding a total of 60 new cryptocurrencies to its platform, reports suggest. According to CoinDesk on Nov. 12, the increasingly widespread payment gateway is planning to…
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Ho Chi Minh City plans to develop a regulatory framework for blockchain technology and how it is applied to smart city development. Ho Chi Minh City will develop a blockchain-oriented regulatory framework for the development of smart cities. Tran Vinh Tuyen, Vice Chairman of the Ho Chi Minh’s People’s Committee, announced the news during the…
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HTC’s Binance Edition Exodus 1 will support the Binance Chain blockchain and Binance’s decentralized counterpart Binance DEX. Taiwan-based smartphone maker HTC will launch a limited edition of the Exodus 1 featuring services by major global crypto exchange Binance. The Binance Edition Exodus 1 supports the Binance public blockchain, Binance Chain, as well as its decentralized…
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Can crypto and distributed ledger technology help improve the music industry? The music streaming industry has come a long way since the old days of Napster and the first-ever downloadable music. The new technology that was the internet, combined with faster download speeds, made music sharing possible. Since those early days, regulations and structure have…
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Cointelegraph takes an in-depth look into why Volvo is using blockchain to provide global traceability of cobalt that is used in its electric vehicle batteries. Volvo Cars announced last week that it is using Oracle’s blockchain platform to trace cobalt, one of the main components in electric car batteries. Following the unveiling of the company’s…
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Crypto analytics provider CoinMarketCap has announced a new metric for liquidity of crypto exchanges and token pairs, designed to replace volume as the principal metric. Leading crypto data site CoinMarketCap has announced the launch of its new metric to compare exchanges and token pairs based on liquidity. New gadget on the dashboard The announcement comes…
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Dutch police have arrested the founder of blockchain game development startup Komodore64 who allegedly raised 78 million euros ($86 million) from investors. Dutch police have arrested the founder of blockchain game development startup Komodore64 that allegedly raised 78 million euros ($86 million) from investors, business-focused news outlet Sprout reported on Nov. Komodore64 — which launched…
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