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Chinese Cryptocurrencies Soar Following Government Push

Sying Tien

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The Chinese government announced last Thursday that it will be ramping up efforts to promote the research and development (R&D) of blockchain technology and make it a core focus for innovative endeavors in the future.

Chinese president Xi Jinping said Beijing will increase investment in blockchain technology. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses.

Following Xi’s conclusive remarks, most of the Chinese based cryptocurrencies had a massive price spike such as TomoChain that gained 27% , WaltonChain gained 24%, Tron 18% and Qtum 12% in the last 24 hours.

Chinese based coins. A screenshot from CoinmarketCap

Due to the potential economic and social benefits that China could see through the adoption of blockchain, most likey USA and Europe will follow .

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at [email protected] and i will get back to you shortly.

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Blockchain

Video: Bloomberg – Blockchain Industry Should Thank Facebook

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Blockchain Industry Should Thank Facebook

During an interview held by Bloomberg Markets with Yuval Rooz, he said: This entire industry should thank Facebook for their effort.

He added: I think that those that were skeptic have gotten a wake-up call and that’s a good thing because at the end of the day this technology will happen and will shape the next generation of technology so from that perspective I think the industry owes a lot of thanks to Facebook.

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Enjin Goes Live

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Enjin-Goes-Live

Enjin (ENJ) , the blockchain gaming platform is now live on Ethereum Mainnet. Enjin project is a robust, all-in-one blockchain game development platform that helps developers crowdfund, grow, monetize, and design the digital world of their dreams.

To celebrate the public launch of the new Enjin Platform, Enjin will be giving away limited-edition collectibles, ENJ based gaming assets and 50,000 Enjin coins.

Enjin has its own marketplace EnjinX, where users can buy/trade any ERC-1155 assets to used in Enjin based games. The market is currently charging 2.5% trading fees.

Last year, Enjin announced a partnership with Samsung that integrated ENJ technology with Samsung Galaxy S10 models. This announcement sent the price skyrocketing and created a major media buzz for Enjin Coin (ENJ).

All assets/items created using Enjin’s development platform are backed by a nominal amount of Enjin Coin (ENJ) to certify their authenticity. The Enjin Coin ICO was held in 2017, raising approximately $22 million worth of ETH.

Enjin (ENJ) Coin Price Chart

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Blockchain

Video: TEDx – A Blockchain-based Decentralized university

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TEDx - A Blockchain-based decentralised university

Professor John Domingue, Director of the OU’s Knowledge Media Institute, discusses developments in technology at TedX

I believe that with blockchain technology we can create a radically new type of university: a DAO University. A DAO is a Decentralised Autonomous Organisation which operates with no central control and no humans in the loop and are based on Smart Contracts: pieces of computer code on a blockchain which can represent and enact financial and legal contracts.

In a DAO University value and reputation associated with teaching and learning would be accounted for through a blockchain with no central control. Instead the whole learning community would agree how the educational elements, for example, learning materials, teaching resources and teaching delivery are shared and recompensed.

A DAO University is a next step evolution in higher education. A born digital community owned educational institution for the 21st Century. Open University Professor. Director of the Knowledge Media Institute and President of STI International. Published over 270 articles in the areas of semantics, the Web, distributed ledgers and eLearning. Instrumental role in the EU-funded project, QualiChain, which aims to revolutionise public education and its relationship to policy making and the labour market.

*Video Courtesy Of TEDx.

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