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WM Motor’s struggle highlights the challenges smaller companies and new startups face in China’s fiercely competitive EV market. China’s electric vehicle (EV) landscape is witnessing a significant development as WM Motor, a notable player in the industry, officially filed for bankruptcy protection in a Shanghai court. The announcement came through a
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Still, centralization by any entity or protocol creates risks for Ethereum as a “concentrated number of liquidity providers or node operators could act as a single point of failure or become targets for attacks or collude to create an oligopoly that would promote their own interests at the expense of
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Enflame, a company that was founded in March 2018, has already made significant strides in AI chip manufacturing. The company’s cloud chips have found applications in diverse sectors, including education, smart cities, and scientific research. Enflame Technology, a Chinese tech company specializing in artificial intelligence (AI) chip development, has announced the
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Shanghai has unveiled a comprehensive action plan designed to accelerate blockchain’s technical development within the city by 2025. This initiative is part of Shanghai’s broader push to advance web3 technologies and aligns with China’s ongoing support for domestic blockchain solutions, despite the crypto ban implemented last year. According to a Sep.
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Daily transactions, daily active addresses and total value locked on the blockchain have all fallen since the upgrade, the report said. Source
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The Shanghai upgrade was one of the most anticipated blockchain events of 2023, expected to introduce a higher level of speed and
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Shanghai, China’s biggest city and financial center, plans to build a blockchain infrastructure by the end of 2025 and establish links with Hong Kong and Singapore for application in fields such as digital assets, transportation, industrial internet-of-things, supply chain finance, and carbon management, according to a government report issued on
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Shanghai’s government unveiled an implementation plan on July 31 aimed at propelling the growth of its urban blockchain digital infrastructure system from 2023 to 2025. The plan is designed to drive the city’s digital transformation and bolster
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied China’s Shanghai has released guidelines for integrating and promoting innovative technologies like blockchain, the metaverse, and digital yuan. The Chinese government has outlawed bitcoin (BTC) and other digital assets. Still, it recognizes the potential of blockchain technology.
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The government of Shanghai on Tuesday published a set of guidelines to promote blockchain technologies, the digital yuan, and the metaverse in the city’s industries, including auto production, commodity trading and e-commerce platforms. The move by China’s biggest city is in line with the country’s stated goal to focus on
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