Bitcoin grows over South Korean Won by the $1trillion mark earlier on March 12. Bitcoin’s market cap rose to $1trillion in late February. It happened right after Tesla’s announcement of investing $1.5 billion in BTC, which played as a major factor in pumping the BTC’s price. Eventually, Bitcoin reached an ATH at more than $57,000 on Feb. 20. Source: Coinmarketcap According to data from AssetDash, Bitcoin’s (BTC) market cap reached $1.057 trillion at the time of publication.

Tencent, the Chinese tech giant, has revealed that it will build a blockchain-based wine traceability platform in collaboration with Changyu, China’s biggest and oldest wine producer. On July 31, it has been reported that it is said to be a nationwide first for the country’s domestic wine industry. However, according to Changyu, the platform is designed to trace every step of the wine-making and sales processes, including planting, brewing, distribution, and management. Chine

Chinese multinational conglomerate company Tencent is launching a blockchain accelerator. On April 29 Tencent announced that that the “Tencent Industrial Accelerator” is open to both early-stage and mature blockchain startups, with a total of 30 places available. Applications are being accepted until June 6. #Tencent Industrial Accelerator is launching a Blockchain-specific session. Open for applications from startup or established companies with at least one round funding i

WeBank, ranks third place for the number of Blockchain patents filed globally in 2019. Alibaba and Tencent took the first and second places respectively. WeBank is China’s first digital bank initiated by Tencent. On April 24. a report was published stating that the bank rose from fifth place to third after filing nearly 632 patents in 2019. 80% of them were related to technologies such as blockchain, AI, cloud computing, and big data. WeBank’s patents have focused on open sou

Tencent, a Chinese Internet-based platform company is planning to create a digital currency research group for the further advancement of blockchain technology research projects. On Dec. 23, local Chinese outlet iFeng reported that the Chinese internet giant released a statement to its employees saying that the company is currently on the lookout for the new head of the research group. The research group will focus on Tencent’s further advancement in the digital payment indus

Alrosa, the world’s largest diamond mining firm from Russia, has partnered with Tencent, the operator of Chinese social media app WeChat, on a new blockchain-based e-commerce project. https://t.co/qHMm03i2tQ — Cryptosombrero (@cryptogotham) December 19, 2019 Together with Everledger, a blockchain platform,  Tencent and Alrosa will launch a new diamond-focused retail mini-program targeted at WeChat’s one billion active users. On December 16, it has been reported that in a joi

Chinese tech company, Tencent has been granted a blockchain bank license from the Hong Kong Monetary Authority indicating that regulators in Hong Kong are now ready for more blockchain and cryptocurrency in its market. Blockchain-Enabled Banking Services Hong Kong’s Monetary Authority is the main agency oversees the stability of the banking and monetary system in the jurisdiction. Weige Cai, Tencent’s General Manager for blockchain stated: “Tencent Virtual Bank has obtained a

China’s Tech Capital Shenzhen, issues over 10 million blockchain based invoices according to the Shenzhen Tax Service. On Nov. 1 local English Xinhuanet reported the news. Tagged as ‘Shenzhen Speed’ the blockchain invoices are being used on-demand without any need for purchasing physical tax invoices from authorities. A Tencent Developed Platform The Tech Capital is actively promoting blockchain-enabled electric billing according to the tax agency. The blockchain invoice sys

Tencent, the Chinese Internet Giant, and WeChat, parent of messaging app, said that the proposed launch of Facebook’s Libra cryptocurrency would pose serious risks to existing digital payment systems. In a blockchain whitepaper published in Chinese this week, Tencent said that Facebook’s Libra initiative seems “bold and radical” but is actually a “prudent and rational” move for the Silicon Valley giant. However, the Libra coin could quickly win market share in countries that