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China’s Cashless Society: What It Means For The Future of Payments

Mobile Payments In China China’s booming mobile payment market is well-documented. SCMP reported 81 trillion yuan (US$12.8 trillion) of mobile transactions between January to October 2017, surpassing the 58.8 trillion yuan transacted in 2016 alone. And the trend has held fast – even red packets are being given in digital formats during Chinese New Year. […]

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Binance, the world’s largest crypto exchange, plans $1 billion investment fund

Original Article on: https://techcrunch.com/2018/06/01/binance-1-billion-investment-fund/?guccounter=1 The upstarts of crypto aren’t just aiming to disrupt the startup status quo, some are rivaling traditional venture capital investors, too. That’s particularly evident today after Binance, the world’s largest crypto exchange based on daily trade volumes, announced a $1 billion fund to back blockchain and crypto startups. The ‘Community Influence’ fund, which […]

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CHINA BANNED ICO, THE ICO BUBBLE EXPLAINED

After superpower China announced earlier this week that it has banned Initial Coin Offerings (ICO), the value of bitcoin fell 11.4% immediately after. Circulating speculations claim the ban will impact the large amounts of capital raised from ICO, a total of more than $1.7 billion from January to early September 2017. What is ICO and bitcoin? What impact does […]

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