Tag: Ping

Bitcoin Plays Ping Pong As Price Continues In A Range, Where Is Price Headed?

BTC prices continue to trend downwards as prices remain bearish, with price trading on critical support.  BTC trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs.  The price of BTC needs to break and hold above the key resistance of $20,500 to initiate recovery signs for the price.  The price of Bitcoin (BTC) continues to struggle to discover its bullish trend as the price fails to break the key resistance of $20,500 against tether (USDT). Bitcoin (BTC) and other crypto assets enjoyed a relief…

Chinese holding firm Ping An overtakes Tencent in blockchain patents race

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Chinese holding conglomerate Ping An Group filed the largest number of blockchain-related patents in 2020, according to a new report. Intellectual property-focused magazine Intellectual Asset Management has released a report on the rankings of the world’s foremost blockchain patentees. Based on data from the Derwent World Patents Index, the rankings show that Ping An filed 1,215 blockchain patent families last year, more than Tencent and Ant Group combined.  Owning a total of 1,749 blockchain patent families, Ping An sharply increased its number of patent applications last year, up from just…

Bitcoin Price Ping Pong Within Tighter Range Hinting at $8.5K Next

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The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has seen a spike towards $10,500 before the halving took place on May 11. However, the price of Bitcoin has been having problems since the halving and is currently showing more signs of weakness. On the other hand, altcoins have been starting to show signs of life with the BTC market dominance index sliding from 67% to 65% after the halving. Is the momentum now shifting towards altcoins from Bitcoin as the most anticipated event is behind us?  Crypto…

Chinese Insurance Giant Ping An Partners With Decentralized AI Startup SingularityNET

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Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14. Per the release, the collaboration will at first focus on Optical Character Recognition (OCR), Computer Vision (CV) and model training. SingularityNET notes that the scope of the partnership is expected to expand to multiple industries and initiatives in the future. The announcement has been made shortly after SingularityNET officially launched a beta version of its Ethereum-based decentralized marketplace…

Insurance Giant Ping An Subsidiary to Create Boutique Bank Supported by Blockchain

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Ping An Bank, a subsidiary of China’s Ping An Insurance Group, will launch a boutique bank using blockchain, cloud services, and the Internet of Things (IoT). Ping An Insurance Group is one of the world’s leading financial and insurance corporations, and their subsidiary’s announcement was reported on Nov. 20 by People’s Daily, China’s official state run press service. A boutique bank is defined as a non-full service investment bank that supports more individualized services than larger firms. The new boutique bank will rely on Ping An Group’s scientific and technological…

Insurance Giant Ping An, Sanya City Gov’t to Build ‘Smart City’ with Blockchain

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China’s Ping An Insurance Group, one of the world’s largest insurance corporations, and the Sanya municipal government signed a strategic cooperation agreement for “Smart City” construction. The new project will be backed with blockchain tech, artificial intelligence (AI), big data, and cloud computing, the official state run press People’s Daily reported Nov. 14. Ping An Group signed a strategic agreement with the Sanya Municipal People’s Government to carry out comprehensive cooperation on financial investment and “Smart City” construction as a part of a major strategic urban development in China. The…

Insurance Giant Ping An Releases ‘White Paper on Smart Cities,’ Advocates for Blockchain

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China’s Ping An Insurance, one of the world’s largest insurance company groups, has released a “White Paper on Smart Cities,” advocating for blockchain tech, AI, big data, and cloud computing, People’s Daily reports August 22. Ping An Insurance, a Chinese conglomerate with operations in insurance, banking, and financial services, was ranked the third most valuable global financial services company in the world as of May 2018. According to People’s Daily, the company released its “White Paper on Smart Cities” on August 21. The reported goal is to “help the government…