Cryptocurrency

International project launched to use blockchain to track DRC Cobalt

US-based automobile manufacturer Ford, US technology major IBM, South Korean cathode manufacturer LG Chem and China-based Huayou Cobalt have teamed up to launch a pilot blockchain project to track supplies of cobalt from the Democratic Republic of Congo (DRC). Overseen by sourcing group RCS Global, the project aims to aid manufacturers in ensuring that the… Continue reading International project launched to use blockchain to track DRC Cobalt

Cryptocurrency

How blockchain can save Chinese bike-sharing firms from the pitfalls of selfishness

(South China Morning Post) The fall of China’s bicycle-sharing sector, culminating in the December debacle of industry giant Ofo, is symptomatic of a bigger problem. It indicates that the wider sharing economy has plateaued, unable to meaningfully progress beyond cars and homes to realise its vast potential.  The solution could be blockchain, the technology behind bitcoin. Born 10 years ago,… Continue reading How blockchain can save Chinese bike-sharing firms from the pitfalls of selfishness

Cryptocurrency

99EX attends at China-Japan Blockchain Summit, marking its market presence in Japan

On Jan 14th, China-Japan Blockchain-ChainUP Unicorn Summit was held in Tokyo, Japan. 99EX was invited as a distinguished judge to attend this event together with many Japanese professionals engaged in blockchain project and media to discuss blockchain development in both countries. During the summit, 99EX was highlighted in several Japanese media reports, which sparked broad discussion and drew… Continue reading 99EX attends at China-Japan Blockchain Summit, marking its market presence in Japan

Digital Currency

Ant Financial backs Pakistani payment tool

(Source: China Daily) Ant Financial Services Group, which operates mobile payment tool Alipay, is powering Pakistan's first cross-border remittance service using blockchain technologies, marking a major milestone in the country's journey to promote financial inclusion. Pakistan's Telenor Microfinance Bank announced on Tuesday the introduction of the service through its Easypaisa mobile wallet. The virtual wallet… Continue reading Ant Financial backs Pakistani payment tool

Big data, Blockchain, Regulations

China enforces censorship regulations for blockchain projects

China has announced new regulation aimed at censoring blockchain related projects. The new regulation will help the Chinese Government to have better control of any blockchain project, website or app and have the laws needed to request information whenever they desire. This new increased censorship is trying to gain control of a decentralized technology, yet… Continue reading China enforces censorship regulations for blockchain projects

Cryptocurrency, Digital Currency, Regulations

Tighter monetary regulation targets risks from crypto-assets

(Source: China Daily) When a geek's game turns into an investment tool for the public, it is time for the regulators to walk in. Financial regulators across the world are watching with bated breath every time investors in crypto-assets incur sharp losses or post unreal profits. The year 2017 saw more than $4 billion being… Continue reading Tighter monetary regulation targets risks from crypto-assets