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Our Man in Shanghai: Filecoin the talk of the town, Polkadot and NFTs gain attention

Retail investors are flocking to buy Filecoin on exchanges with predominately Chinese user bases and the head of the PBOC thinks the digital yuan has an uphill battle to take on Alipay and WeChat Pay. Distributed storage network project Filecoin is the talk of the town as FIL was the most highly traded token on Huobi, OKEx and Gate on Thursday. These three exchanges have a predominantly Chinese user base and represent a large part of the Tier One trading volume for major pairs. On Thursday afternoon, Huobi trading volumes of FIL were more than three times that of BTC…

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China’s digital yuan os backup to AliPay and WeChat Pay, says official

Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China. China’s central bank digital currency, or CBDC, will provide backup for major retail payment services like AliPay and WeChat Pay as its key objective, according to an official at the People’s Bank of China. Mu Changchun, head of the People’s Bank of China’s digital currency research institute, claimed that China’s digital yuan is needed to ensure financial stability in case “something happens” to AliPay or WeChat Pay, the South China Morning Post reports. Speaking at an online panel discussion on Thursday, Mu stated…

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China’s Ant Group launches cross-border trade platform to support SMEs

Trusple platform promises to apply blockchain, AI and IoT technology to streamline cross-border trading processes for SMEs. Ant Group, the parent company of Chinese payments giant Alipay, unveiled its new Antchain-based global trade platform for small to medium-sized enterprises, or SMEs on Sep. 25. Going by the moniker of Trusple, the platform is based around a concept of “Trust Made Simple”, and aims to streamline the process of cross-border trading. According to Guofei Jiang, President of Ant Group’s Advanced Technology Business Group: “Trusple was designed to solve problems for SMEs and financial institutions involved in cross-border trading.” The claimed problems…

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Jack Ma’s Ant Group files $30B IPO in Hong Kong and Shanghai

China’s Ant Group is prepping for the largest IPO in history. Ant Group, the financial affiliate of China’s e-commerce giant Alibaba, has filed an Initial Public Offering, or IPO, in Hong Kong and Shanghai.Managed by Alibaba co-founder Jack Ma, Ant Group is targeting a valuation of about $226 billion, based on a target IPO raise of nearly $30 billion, people familiar with the matter told Bloomberg on Aug. 25.As reported, the new IPO could become the largest deal in history, potentially overtaking the record set by Saudi Arabian multinational oil and gas giant, Saudi Aramco — which raised around $29.4B…

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China’s Digital Yuan to Reportedly Target Dominance of Alibaba and Tencent

China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector. The People’s Bank of China is purportedly planning to use its digital currency electronic system (DCEP) — another moniker for its central bank digital currency — to target the dominance of technology giants like Alibaba and Tencent in the digital payments sector.The report comes only a few days after claims of the central bank prompting a top antitrust agency to launch a probe against Alipay and WeChat Pay for using their dominance to suppress competition.According to…

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Az AntChain meghódítja Kínát és utána és az egész világot

A 200 milliárd dollár értékkel rendelkező Ant Group az egyik legfontosabb szereplő jelenleg a kínai blokklánc ökoszisztémában. Sok éven át a Nasdaq harangjának megkongatása volt a kínai vállalkozók és cégek legfőbb álma. Azonban manapság Kína és az USA szinte semmiben nem ért egyet, ezért sok kínai vállalat fontolgatja – vagy végre is hajtott – egy „homecoming” másodlagos jegyzést Hongkongban, az elsődleges new york-i tőzsdei jegyzés mellett. A cél természetesen az, hogy kedvezzünk annak az oldalnak, aki alacsonyabb kockázatot jelent, és üzleti szempontjából fontosabb. Az Ant Group, az Alibaba Group Holdings leányvállalata, azonban egyből kettőt lépett előre. Kihagyta a tőzsdei jegyzést az…

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How Blockchain and AI Are Being Used in the Fight Against Covid19

In a world radically altered by the COVID-19 pandemic, people around the globe are doing what they can to help. In particular, several organizations are using blockchain technology to aid in the fight against the coronavirus pandemic. We present an overview of a number of these blockchain projects here. Alipay Alipay, a third-party online and... The post How Blockchain and AI Are Being Used in the Fight Against Covid19 appeared first on .

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