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

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

Big data, Blockchain

Alibaba outlines 10 technology trends for 2019

(Source & Photo:  China Daily) DAMO Academy, e-commerce giant Alibaba's in-house technology and science research arm, released its view on the top 10 technology trends for 2019 on Tuesday. It said artificial intelligence would continue to be the hottest sector with more comprehensive application expected. The top 10 trends include: 1. Real-time urban simulation to… Continue reading Alibaba outlines 10 technology trends for 2019

Cryptocurrency, Fintech

Coining a catastrophe bit by bit

(Source: China Daily HK) After a four-year feverish streak, 2018 has seen the worst year for cryptocurrencies as the bitcoin craze comes home to roost, leaving investors high and dry. Experts say rationality has prevailed, but blockchain technology will not be worth zero. Luo Weiteng reports. Wu Tao seemed to be walking on air last… Continue reading Coining a catastrophe bit by bit

News

Ofo: Sharing economy rides into bumpy future

(Source: People's Daily) Thousands of angry users of bike-sharing giant Ofo have been lining up at its Beijing headquarters over the past few days to seek refunds for deposits paid, as the company faces accusations from netizens and the media that it is dragging its feet on the paybacks. Once touted as a symbol of… Continue reading Ofo: Sharing economy rides into bumpy future