Day: December 7, 2020

dCloud Storage Platform SINOVATE & Blockchain Marketing Agency Bitcoin PR Buzz Announce Partnership 

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7th December 2020, Turkey – dCloud storage platform SINOVATE and veteran crypto marketing agency Bitcoin PR Buzz announce a key partnership to highlight the increasing need for a more viable long-term dCloud data solution, and reinforce the importance of industry partnerships for the adoption of dCloud worldwide. What is SINOVATE?  SINOVATE (SIN) is open-source state of the art community-driven digital cryptocurrency, and  decentralized cloud data storage platform. Voted ‘Most Exciting Data Protocol’ at HackerNoon Noonies 2020, SINOVATE has developed its in-house DIN technology with the aid of Incorruptible Data Storage…

Bitcoin is Likely to Remain Rangebound Until It Breaks This Key Level

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Bitcoin has been caught within an intense consolidation phase throughout the past few days The selling pressure in the mid-$19,000 region is intense, and it remains unclear as to whether it will break above this anytime soon The fact that it has been consolidating above $19,000 is an incredibly positive sign, and forming this into a base of support could lead it to see some serious upside The coming few days and weeks should provide some insights into this possibility One trader is now noting that he expects BTC to…

Biden team will boost crypto’s role in US infrastructure, says Circle CEO Allaire

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One of the leaders in U.S. crypto is optimistic that the space will grow under the administration of Joe Biden governing from the middle.  Jeremy Allaire, CEO of Circle, took to CNBC’s Squawk Box on Monday to argue that the Biden administration will push crypto forward as part of a broad effort to update infrastructure: “I think that they will ultimately be supportive because this is an infrastructure change as big as the initial commercial internet, and they’re going to be focused on infrastructure changes that make America more competitive.”…

Biden team will boost crypto’s role in US infrastructure, says Circle CEO Allaire

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One of the leaders in U.S. crypto is optimistic that the space will grow under the administration of Joe Biden governing from the middle.  Jeremy Allaire, CEO of Circle, took to CNBC’s Squawk Box on Monday to argue that the Biden administration will push crypto forward as part of a broad effort to update infrastructure: “I think that they will ultimately be supportive because this is an infrastructure change as big as the initial commercial internet, and they’re going to be focused on infrastructure changes that make America more competitive.”…

StanChart and UnionBank of the Philippines Collaborate on PoC of $187 Million Blockchain-Powered Bond

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The UnionBank of the Philippines and Standard Chartered (StanChart) have created a proof of concept required in the issuance of a blockchain-powered retail bond. The blockchain platform intended for bond tokenization was co-developed by SC Ventures, StanChart’s innovation and ventures arm, and UnionBank. Bond tokenization The tokenized retail bond worth $187 million (9 billion pesos) was mirrored on the blockchain platform and involved a three and 5.25-year dual issuance. According to the announcement: “Orders received were tokenized and stayed within existing retail bond guidelines. The tokens issued mirrored the…

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AstraZeneca in Partnership with King of Vaccines in China Despite Previous Scandals

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Moreover, the world’s largest producer of vaccines by volume, Serum Institute of India requested authorization for emergency use of the AstraZeneca vaccine in the country.  The Chinese King of Vaccines has been able to secure a deal to manufacture the AstraZeneca COVID-19 vaccines in mainland China despite being linked to many scandals. AstraZeneca Plc (NASDAQ: AZN) has been said to prioritize efficacy, quality, and safety as they seek to ensure equitable global access to its vaccine at no profit. Concerning the speculations that they have partnered with a company with…

China to Test Tap Payments for Its CBDC This Friday

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The decision to conduct the trial this weekend is strategic as it coincides with Double 12 (December 12th), a day when retailers offer steep discounts. China will test tap payments for its CBDC, digital yuan, this Friday, December 11. The new feature allows users to send digital currency without an internet connection. China’s central bank digital currency (CBDC) trials have heated up in recent months as the country seeks to be ready for launch before the 2022 Beijing Winter Olympics. The People’s Bank of China has conducted test trials in…