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Barbarians at the Gate? Chinese Banks Ramp up Fintech Spending Amid Growing Competition From Internet Firms
It looks like the Chinese fintech arms race is starting to get interesting. According to the South China Morning Post, Chinese commercial banks have ramped up their fintech investments as the likes of Tencent and JD.com slowly “chip away at their businesses.” China Construction Bank reportedly increased fintech development to 2.2% of operating income in 2018 – a 22% climb
Japan Is Getting Serious About Cryptocurrency
After a disastrous 2018, the cryptocurrency market is bouncing back in 2019. Japan is one of the global hubs for cryptocurrency trading, and the Asian nation has been making plenty of cryptocurrency headlines in recent weeks. Two New Players YAHOO JAPAN COR/ADR YAHOY is set to launch a new cryptocurrency exchange, Taotao, starting in May. Read more at Benzinga. Photo: Melv_L
Livingston Joins TradeLens Blockchain Shipping Platform
Blockchain
Livingston International has joined TradeLens, the blockchain shipping initiative developed by Maersk and IBM. The Canadian customs broker and Blockchain in Transport Alliance (BiTA) member will take part in a pilot program involving the Canada Border Services Agency (CBSA). Livingston will be responsible for inputting and accessing shipment information, and streamlining procedures. "We are excited to work with Maersk, IBM,
China Green-Lights 197 Blockchain Companies, Including Giants Baidu, Alibaba, and Tencent
The Chinese Cyberspace Administration has officially unveiled its first group of registered blockchain service providers, the Cointelegraph reports. The list comprises of 197 companies, from startups like supply chain management firm VeChain and parcel delivery service ParcelX, to collossal initiatives such as Baidu Blockchain Engine and Alibaba Cloud Blockchain-as-a-Service (BaaS). Tencent’s BaaS (TBaaS) platform also made the list, and so
Crypto Market Surge Takes Experts By Surprise: What It Means
Following the crypto market surge to multi-month highs over the past 48 hours, a number of crypto executives have provided their insights on what could be behind the rally and the implications on the market. vjkombajn / Pixabay Coinmarketcap also showed more than $ 78 billion had been traded in the cryptocurrency space over the last 24 hours, with Bitcoin
Video: Nexyst Co-Founder Dimitri Sogoloff at Hong Kong Blockchain Week
Hong Kong’s largest blockchain event – Hong Kong Blockchain Week – played host to a multitude of noteworthy speakers, including Nexyst co-founder Dimitri Sogoloff. Sogoloff, a former fund manager, shared his thoughts on the current digital asset market and showed the crowd the crowd the ins and outs of making a nuanced investment, from due diligence all the way to
Bitcoin Price Gains 25% YTD Brushing $5,000 Briefly
vjkombajn / Pixabay Bitcoin is once again in the news in spite of critics saying that the crypto-currency was about to go the way of bell bottom pants and 80s hairstyles. The Bitcoin price shot up over $5,000 for the first time since November of 2018, making some people very happy they had held on to their investment. Bitcoin Trading
Video: G8C’s Juliet Adelstein at Hong Kong Blockchain Week
Blockchain
Hosted by NexChange, Hong Kong Blockchain Week gathered over 4000 delegates and more than 175 speakers from around the globe to explore the latest developments and insights in the ever-evolving, real-world applications of blockchain. Among the event’s many, illustrious speakers was Juliet Adelstein, Chief Operating Officer of GanaEight Coin. Adelstein spoke about the evolution of gaming into blockchain, saying that
Blockchain Can Help Reduce Large-Scale Food Recalls Due To Contamination Fears
Blockchain
Henry Avocado Corporation, a California-based avocado company, recalled shipments early this week that it had sent out to six states in the U.S., after fears of its avocados being contaminated with bacteria that could cause major health risks. The bacterium under the scanner is Listeria monocytogenes, a microorganism that can cause severe infections in children, those who are immunity-deficient and
Line, Japan’s Most Popular Messaging App, Is Setting Its Sights on Fintech
In an effort to remain disruptive, Japan’s most popular messaging app is branching onto the fintech space, according to PYMNTS: In an interview with the The Financial Times, Shin Jung-ho, the founder of the company said Line is expanding into cashless payments and FinTech in an effort to not remain complacent or stagnant. “My biggest priority is to ensure that the company