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Evidence suggests that crematoriums are running 24×7 and burning thousands of infected dead bodies in a day. Data has suggested a massive amount of sulfur dioxide is being released into the air. Sulfur concentration is especially high around Wuhan and Chongquing, the cities most affected by the Wuhan coronavirus. The massive release
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Another Japanese lawmaker has publicly called for the swift development of the digital yen.The head of the banking and finance systems research commission at Japan's Liberal Democratic Party, Kozo Yamamoto, said today that the country should create a digital yen in two to three years.Reuters reported on Feb. 10
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Two leading manufacturers of crypto mining hardware notified customers their shipments would be delayed at least a week because of the coronavirus quarantine in China.This week MicroBT, Bitmain and Canaan notified customers the application-specific integrated circuits (ASICs) they ordered would not be immediately sent, as the Chinese government extended New
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China’s nationwide blockchain network is due to be launched in the upcoming months. The blockchain-based service network (BSN) will contribute to improving the infrastructure of the blockchain sector in the country to develop the layout for newer blockchain projects and accelerate the growth of smart cities and the virtual economy.The
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Fintech and blockchain developer Ant Financial, an affiliate of e-commerce giant Alibaba, has been ranked the fifth most valuable private firm in China.In an inaugural rankings report by Hurun, which is best known for compiling a rich list for China, Ant Financial is the top firm in its field
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On Jan. 1, China’s law governing cryptographic password management came into power. Essentially, the act aims to set standards for the application of cryptography and the management of passwords, and, therefore, ultimately reduces China’s cyber vulnerabilities on a nationwide scale. Some local media outlets rumor that the law is paving
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This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Flex Yang is co-founder and CEO of Babel Finance. Babel Finance is one of China’s largest financial service providers. The firm works with crypto mining companies
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China’s central bank, the People’s Bank of China (PBoC), reports that it is “progressing smoothly” with its development of a government-backed digital currency.The bank issued its statement during a working conference held in Beijing from Jan. 2–3, according to an official news release published yesterday, Jan. 5. Five years in
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The National Intellectual Property Administration (NIPA) in China continues to clarify the guidelines for blockchain patent applications, which are set to become effective as of Feb. 1.At the end of December 2019, the NIPA announced the revised guidelines to patent applications for new emerging technologies such as blockchain, artificial
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