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Chinese University to Launch Shanghai Blockchain Research Center

Chinese University to Launch Shanghai Blockchain Research Center

Fudan University in China has decided to setup a blockchain research center in Shanghai. The said university is one of the top-ranked institutes in the country. According to the announcement, Shanghai Zhongren Information Technology Co, Ltd and Zhongan Online Property Insurance Co, Ltd will collaborate with Fudan University in order to establish the Shanghai Blockchain Engineering Technology Research Center. The …


Africa, China Mobile Tech Market and Cryptocurrency Revolution

Africa, China Mobile Tech Market and Cryptocurrency Revolution

Africa may have contributed a great deal to Bitcoin transactions, according to peer-to-peer crypto exchange Paxful. This has been partly due to the increased inflation rate in some countries and the fact that cryptocurrencies appeal to a large number of underbanked and unbanked individuals on the continent. The quest to venture into cryptocurrency related business relation as the opportunity in …


Binance Embraces Visa, Mastercard for Crypto Purchases

Binance Embraces Visa, Mastercard for Crypto Purchases

The world’s largest cryptocurrency exchange by volume, Binance, is to enable the purchase of cryptocurrency using both Visa and Mastercard credit cards. The announcement yesterday that users would now be able to Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Ripple (XRP) using their credit cards has come as a boon to regular users of the exchange. The new facility has …


Bitmain Targets Development in Revamped 2019 Business Model

Bitmain Targets Development in Revamped 2019 Business Model

Bitmain appears to be in the process of repositioning itself towards development to make 2019 a far more successful year after the disappointments and layoffs of 2018 as cryptocurrency mining came under pressure. The Beijing mining giant recently referred to last year’s negatives and positives in its latest roundup, but now seems more focused on how to turn things around after …


Mongolian Mining Takes a Leap Forward with Japanese Investment

Mongolian Mining Takes a Leap Forward with Japanese Investment

With the announcement that Japanese company Ginco is expanding its mining capacity, Mongolia is set to experience a surge in crypto mining in 2019, despite the downturn in Chinese mining activity. The company best known for its Japanese crypto wallet is tripling its output this year from 600 to 1600 miners in the Chinese province. The news was unexpected given recent …


Beijing to Enforce New Blockchain Laws to Monitor Internet Content

Beijing to Enforce New Blockchain Laws to Monitor Internet Content

Cyberspace Administration of China (CAC), the state body for internet censorship, has announced new guidelines for controlling the blockchain space in the country. The plan for tighter control over blockchain service providers was introduced in October of last year. Beijing’s Blockchain Information Service Management Regulations will take effect from 15 February, showing how urgently the government wants to curb content …


Etisalat Contracts Tech Firms to Develop Blockchain, AI Solutions

Etisalat Contracts Tech Firms to Develop Blockchain and AI Solutions

In a press release yesterday, Middle East telecom carrier giant Etisalat, through its innovation program Future Now, has signed agreements with four tech companies to develop solutions using blockchain and Artificial Intelligence (AI) technologies. The signing of the contract happened after the success of Dubai’s Future Accelerator’s Program, which led to the launch of the Future Now project. The four …


Coinfloor to Launch Derivative Crypto Futures Amid Tough Market

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Top UK cryptocurrency exchange Coinfloor has told Bloomberg, that it is venturing into the derivatives market despite the seemingly poor market outlook and fierce competition in the futures market, with physically-delivered Bitcoin futures the new emerging derivatives for the asset class. The CoinfloorEX spinoff of the Coinfloor cryptocurrency exchange will be offering the new physical Bitcoin futures services to sophisticated Asian …


Anti-Crypto Chinese State Media Says Bear Market Not Over Soon

Anti-Crypto Chinese State Media Says Bear Market Not Over Soon

The Chinese state-run media organization Beijing News reported that the cryptocurrency bear market is expected to continue into 2019. Perhaps an unsurprisingly negative outlook is influenced by the country’s condemnation of Bitcoin and other digital currencies. Beijing News claims Bitcoin investments became a ”black hole” in 2018 with the coming year showing ”no obvious rebound” for the market. 2017’s bull run …


Overstock, First to Pay Tax in Ohio Using Bitcoin

Overstock, First to Pay Tax in Ohio Using Bitcoin

As the tax season approaches, popular US-based online retailer Overstock has said in a press release on 3 January that it will be the first US company to pay some of its Commercial Activities Tax (CAT) to the Ohio State in Bitcoin. According to the press release, the payment will be done through the “state’s new cryptocurrency taxpayer platform, OhioCrypto.com,” …


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