Tencent Invests $70 Billion to Foster Digital Infrastructure
Tencent, one of China’s tech giants has allocated $70 billion to help the digital infrastructure growth of China as Beijing intensifies effort to digitize the economy. The company recently pledged about $70 billion in high tech digital zones as Beijing reaffirms commitment to the development of a robust digital economy. With China’s role in the development and integration of the 5G network, Tencent is set to invest over Yuan 500 billion ($70 billion) over the next 5 years covering areas such as cloud computing and artificial intelligence. In detailing the breakdown of the huge future investment, the company said it will focus on building new data centers, industrial parks, and investing in blockchain as well as other emerging technologies. The firm also said it will work with scientific research experts and laboratories, and invest in major technological research.
[ASEAN Blockchain Development New Opportunities·Social E-Commerce 3.0] BTC Halving "Risk" and "Oppor
On May 18th, "ASEAN Blockchain Development New Opportunities·Social E-Commerce 3.0" live forum was hosted by Block Tech, Huobi Indonesia and Jeff Jubi CEO, CMO of Renrenbit, and Cen Zi Hellopool founder shared their respective views on the halving of Bitcoin and the integration of social e-commerce in the future development trend in the theme of BTC Halving "Risk" and "Opportunity". Health Alliance Chain (HAC) is based on blockchain technology, with the token economy as the link, and the mission of "Building a New Value Chain for the Global Health Industry" to create a digital economy value-added service platform for the global great health industry.
[ASEAN Blockchain Development New Opportunities·Social E-Commerce 3.0] New Opportunities in 2020
On May 18th, "ASEAN Blockchain Development New Opportunities·Social E-Commerce 3.0" live forum was hosted by Block Tech, Huobi Indonesia and Lianyin Technology, Yongmin Li, Founder of Zhejiang Honglin Technology Group and HONGLIAN Capital, Jianwu Gao, CEO of GVC Gravity Capital, and Linyuan Yang, managing partner of Dfund, respectively explained their views on the integration of blockchain technology and social e-commerce in the theme of "New opportunities to cross the bull and bear market in 2020" HAC will build a universal underlying blockchain protocol to provide a fair and open value service platform. It will combine the resources of the world's top life sciences and the great health industry to fully empower the various links of the "R&D-Production-Sales-Consumption-Investment-Finance" of the great health industry, and use tokens to record and reward all industry participants and contributors to create a brand new token economy win-win ecology.
[ASEAN Blockchain New Opportunities·Social E-commerce 3.0] ASEAN-Blockchain Innovation Incubator
On May 18th, "ASEAN Blockchain Development New Opportunities·Social E-Commerce 3.0" live forum was hosted by Block Tech, Huobi Indonesia and Lianyin Technology, Dan Xiong President of Huobi Indonesia, Ke Zhang CEO of Lianyin Technology, HAC China Strategic Partner, Deputy Secretary General of Life Science Industry Association, Director of Asia International Financial Holdings, respectively shared their views on the integration of ASEAN blockchain with social e-commerce and the health industry in the theme of "ASEAN-Innovation Incubator". Dan Xiong from Huobi Indonesia said that Huobi Indonesia popularizes blockchain knowledge in Indonesia, supports blockchain enterprises, and optimistic about the development of social e-commerce and blockchain in ASEAN. Ke Zhang, CEO of Lianyin Technology, said that HAC skillfully applied blockchain technology to the great health industry to maximize the transparency of the blockchain. The Byzantine fault-tolerant algorithm was adopted to make the rewards fairer and more transparent, thereby improving the blockchain user activity of the great health application. Through decentralized technical means to help the health industry flourish.
[ASEAN Blockchain Development New Opportunities · Social E-Commerce 3.0] Whether the era of Token Ec
On May 18th, the "ASEAN Blockchain Development New Opportunities · Social E-Commerce 3.0" live forum hosted by Block Tech, Huobi Indonesia and Lianyin Tech, Yuanwen Wu, Executive Dean of Guangdong Qianhai Financial Technology Research Institute, co-founder of Jingtong Technology, Xiaoming Cheng, expert of New Third Board, deputy director of the China Communications Industry Association Blockchain Special Committee, blockchain economy expert, Xuezong Wang, reverse ICO theory and event initiator shared their opinions about the integration of blockchain and social e-commerce under the theme of "Whether the era of Token Economy Comes" The HAC ecological token e-commerce uses the underlying technology of the blockchain to bind the interests of consumers, promoters and platforms, and records the contribution to the ecological construction generated by all production, promotion, consumption and investment through the token to achieve everyone benefits from his contribution. Let all participants share the ownership and profitability of the platform, build a new type of e-commerce consumer ecosystem, and promote the e-commerce industry into the era of consumer sovereignty.
GameChain and Korea Mobile Game Association Reached Strategic Cooperation
According to the news, GameChain, a vertical public chain in the gaming field based on peer-to-peer blockchain technology, has reached a strategic cooperation with the Korea Mobile Game Association. The Korea Mobile Game Association is a non-profit organization composed of 670 develop companies and publishers, marketing, localization, quality inspection and servers. In the future, it will help GameChain obtain the support and assistance of the Korean government and jointly promote the development of the Korean game industry. GameChain is a vertical public chain in the game field based on peer-to-peer blockchain technology, which will cover the entire ecology of the game industry, using GC token as an ecological bridge to provide a more transparent and fair game environment, a more reasonable and competitive incentive system, and help game development companies quickly use the blockchain system to maximize the possibility of launching blockchain games.
BitMEX Hit with Another Lawsuit for Fraud, Market Manipulation
BitMEX, a leading crypto derivatives platform, has been slapped with a fresh lawsuit in the United States, accusing it of “racketeering”, “wire fraud”, and “money laundering”, among many others. The lawsuit was filed by BMA LLC in a California district court on May 16. Notably, BitMEX does have money transmission licenses in the US and is not allowed to offer any services in the country. Meanwhile, BitMEX and its co-founders are also facing another lawsuit by multiple initial investors of the exchange for $540 millionfor violation of their contract.
Visa Files Patent Application for Digital Currency
Visa has filed an application to create digital currency on a blockchain with the U.S. Patent and Trademark Office. According to the application published May 14 — but filed way back in November 2018 — inventors Simon J. Hurry and Alexander Pierre with the Visa International Service Association in San Francisco have sought a patent for a digital currency recorded on a blockchain and controlled by a central entity computer. While the U.S. dollar is specifically mentioned as one of the fiat currencies to be used, the patent could apply to other central bank digital currencies such as pounds, yen, and euros: “The physical currency of a central bank anywhere in the world could be digitized.”