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WeBank Blockchain Patents Filings Rank Third Highest Globally for 2019

China’s WeBank is leading the global banking community in banking technology patents jumping ahead of US giants JP Morgan Chase and Bank of America with 632 filed patents in 2019. The majority of patents filed by WeBank focused on ABCD technologies (AI, Blockchain, Cloud, Computing, Big Data). According to a release on 24 April, WeBank also … Continue reading WeBank Blockchain Patents Filings Rank Third Highest Globally for 2019

Alibaba to Bring Blockchain Technology to Chinese Shipping Ports

China is tapping into the potential of blockchain technology like none other; the country’s entrepreneurs and local governments alike have already started implementing blockchain-based projects while most of the globe grapples with legality issues.  China looks to blockchain In the latest push, the China Merchants Port announced last week its implementation of blockchain technology in … Continue reading Alibaba to Bring Blockchain Technology to Chinese Shipping Ports

Chinese Bank Issues the First Asset-Backed Commercial Paper in China on Blockchain

China Zheshang Bank, based in Zhejiang province has leveraged blockchain technology to issue the country’s first asset-backed commercial paper in the Chinese financial market.  China Zheshang Bank successfully issued the “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper,” which was worth 120 billion yuan ($16.93 billion).  The asset-backed commercial paper (ABCP) was issued as a … Continue reading Chinese Bank Issues the First Asset-Backed Commercial Paper in China on Blockchain

Banking on Blockchain: FinTech and Digitalization Will Play a Significant Role for the Chinese Banking Industry

China’s banking industry for small to medium-sized enterprises (SMEs) will rely on digitization and financial technology to build a “new infrastructure” for the entire industry.  Highly endorsed by the country’s president, Xi Jinping, blockchain technology has seen a surge in popularity in the past year. Xi pointed out that it is necessary to strengthen the … Continue reading Banking on Blockchain: FinTech and Digitalization Will Play a Significant Role for the Chinese Banking Industry

Bitcoin Cash Network Upgrade Will Continue as Planned Despite Tensions Within the BCH Community

The Bitcoin Cash (BCH) network’s planned upgrade has been scheduled for November 15, 2020, which includes improvements to the Bitcoin ABC node software. According to Amaury Séchet, the lead developer of Bitcoin Cash (BCH), the upgrade in November will involve two primary improvements to the Bitcoin ABC full node software implementation. The Bitcoin ABC network … Continue reading Bitcoin Cash Network Upgrade Will Continue as Planned Despite Tensions Within the BCH Community

Power Ledger Wikipedia Page Removed By Biased Crypto-Hating Wiki Editor David Gerard

Power Ledger recently became the target of anti-crypto zealot and Senior Wikipedia Editor David Gerard—who emotionally attacked crypto news sources on the Australian blockchain firm’s Wiki page to have it removed. Senior Wikipedia Editor David Gerard argued to remove the Power Ledger blockchain firm’s Wiki page while summarily dismissing the reputation of all media sources … Continue reading Power Ledger Wikipedia Page Removed By Biased Crypto-Hating Wiki Editor David Gerard

Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads

Australian electronics entrepreneur Dick Smith is threatening The Guardian with legal action after the media outlet hosted ads linked to fake news pieces indicating the Aussie icon supports a fake Bitcoin and crypto investment scam. The legal team for Dick Smith is threatening The Guardian Australia with a defamation suit after they became aware of … Continue reading Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads

Bitcoin Cash (BCH) Hard Forks into Two New Blockchains Following Disagreement on Miner Tax

Bitcoin Cash (BCH), a hard fork from Bitcoin, has once again split and created two new blockchains after a disagreement between two BCH clients. Bitcoin Cash ABC and Bitcoin Cash Node blockchains were created following the split, with Binance being the last one to mine a block on Bitcoin Cash blockchain, block #661647.   The … Continue reading Bitcoin Cash (BCH) Hard Forks into Two New Blockchains Following Disagreement on Miner Tax

Former US CFTC Chairman Christopher Giancarlo Quits BlockFi’s Board of Directors

Former Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo, also popularly known as “Crypto Dad,” has reassigned from crypto lending firm BlockFi’s board of directors after taking the job four months ago.  BlockFi has announced a press release stating that Giancarlo has been replaced by Ellen-Blair Chube, a managing director at investment banking firm William … Continue reading Former US CFTC Chairman Christopher Giancarlo Quits BlockFi’s Board of Directors

Russian Official Advocates Legalization of Bitcoin Mining

In a dramatic twist, the Russian Deputy Minister of Energy Evgeny Grabchak is pushing for the regulation of Bitcoin (BTC) mining, given the current realities in the country. As reported by the Russian News Agency, the deputy minister wants a legal framework to be floated as soon as possible with advocacy for the mining activities … Continue reading Russian Official Advocates Legalization of Bitcoin Mining

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