Norway Royalty Observes Signing of New DNV GL-VeChain Ecosystem

Norway Royalty Observes Signing of New DNV GL-VeChain Ecosystem

In a state visit to China, Norway’s King Harald V and Queen Sonja witnessed the signing of DNV GL-VeChain Digital Low Carbon Ecosystem

The signing signaled the conception of a new partnership between DNV GL, a Norwegian assurance company, and the Thirteenth Chinese Five-Year Plan: VeChain, BYD, PICC, Shanghai Xiandao Food, and the Sino US Relations Research Center. This happened at the Norway-China Business Summit 2018, an event co-sponsored by Innovation Norway and the Chinese Council for the Promotion of International Trade.

The partnership aims to build a network, through combing blockchain technology with business forces, to build a network of joint development and mutual benefit.

The Digital Low Carbon Ecosystem

The reduction of carbon emission will be recorded by leveraging the VeChainThor Blockchain and IoT devices. Businesses and individuals who succeed in lessening their carbon emission will be rewarded with carbon credits.

VeChain (VET) is currently priced at $0.01172/0.00000179 BTC and VeChainThor (VTHO) is at $0.001321/0.00000020 BTC.

VeChainThor

VTHO
Price
0.000687 USD -2.98%
0.00000008 BTC -4.18%
Volume, 24h
8,711 USD
0.00%
Marketcap
0 USD
0%
Emission

Related news

China’s iPhone 11 Love Affair Could Send Apple Stock to New Highs

Analysts have expressed concerns towards declining sales of Apple products since early 2019, particularly after AAPL’s $44 billion sell-off last month. Its flagship iPhone 11, however, is selling unexpectedly well in China, which may be the catalyst Apple stock needed. Pinched by the U.S.-China Trade War, as well as shifting tastes among Chinese consumers towards […] The post China’s iPhone 11 Love Affair Could Send Apple Stock to New Highs appeared first on CCN.com
CCN

China’s Inner Mongolia to Drive Out Cryptocurrency Miners

Authorities in China’s autonomous region of Inner Mongolia released a notice requiring local cryptocurrency mining firms to stop their operations, according to ChainNews. Is Inner Mongolia Starting a Trend Among China’s Authorities? China has enjoyed that status of the world’s hub for cryptocurrency mining since it hosts a good share of crypto miners who’re looking for cheap electricity. Inner Mongolia has been among the Chinese regions where many mining firms chose to establish their operations. The coal-rich area allows miners to benefit from inexpensive electricity. Other regions, like Sichuan and Yunnan, are also attractive for miners as they have cheap hydroelectric power. However, now Inner Mongolia’s authorities are backpedaling on crypto mining. Five local departments, including the Financial Office, the Office of the Ministry of Industry, Development and Reform Commission, the Big Data Bureau, and the Public Security Department released a notice stating that cryptocurrency mining wasn’t helping the local economy at all, calling it a pseudo-financial innovation. The authorities decided to cease support for crypto miners even though some companies managed to reach exclusive agreements with municipalities. For example, Bitmain has an agreement with the authorities of Ordos to get even cheaper electricity. The decision of Inner Mongolia’s departments might point to the general attitude of China’s government towards mining operations. In April of this year, we reported that China’s National Development and Reform Commission (NDRC) had revealed its plan to eliminate Bitcoin mining within the country. The chances are that the process starts with Inner Mongolia. Mining Crackdown to Be Carried Out in 2 Phases The strategy to drive out crypto miners will have two separate phases. The first phase, planned for the period from September 3 to September 25, 2019, the region’s cities will examine the situation and will self-report. They will provide feedback to the region’s Ministry of Industry and Information Technology before September 30. The second phase starts on October 10 and continues until the end of the month. Inner Mongolia’s departments will form a joint inspection team to conduct supervision and report on the rectification. Do you think Inner Mongolia’s decision will have a serious impact on crypto mining in China? Share your thoughts in the comments section!  Images via Shutterstock The post China’s Inner Mongolia to Drive Out Cryptocurrency Miners appeared first on Bitcoinist.com.
Bitcoinist

New iPhone 11 Could Become Apple’s Next Best-Selling Product in China

Coinspeaker New iPhone 11 Could Become Apple’s Next Best-Selling Product in ChinaIt seems that this year will be a boom period for Apple Inc. as both high end and low-end spectrums of its phones are having a great reception albeit in two different continents and markets. Feelers coming in from Apples’ preorders in China indicate that the iPhone 11 might just become just the device that Apple needs to drive sales this year. The Chinese market has already chosen the iPhone 11 as the most popular Apple product this year.Natural Attraction or Business Gimmick?Usually, the Chinese market has to pay a premium on all iPhones sold within China. However, the California tech giant had to cut such premiums down. That may have spurred the interest of those who just had to buy an iPhone but couldn’t afford to do so previously.Chinese customers still have to pay between 10.5% and 12.5% which is around 5,499 Yuan ($777). This, of course, is cheaper than last years’ iPhone XR which still had a hefty premium of 28%. These premiums come amidst criticism that prices are way too high because most of the manufacturing activities of the iPhones occur in China.According to CNBC, major e-commerce retailer Fenquile reports that 40% ordered the 128 GB iPhone 11 while 20% ordered the 64GB version indicating the massive demand for it.A Sudden Reversal of FortunesCome December, the US markets for the iPhone and other high-end products are going to face issues. These issues will come from the tariffs that are as a result of the fallout of the US-China trade war. How these tariffs will affect iPhone prices in the US remains yet to be seen.While the Chinese are already implementing 5g technologies and Apple is yet to catch up. This, of course, gives no indication that the innovators won’t be able to introduce a 5G phone next year which is what exactly they are already planning.Notable research analyst for TF Securities, Ming Chi-Kuo believes that both the iPhone 11 and iPhone 11 pro’s sales will reach 75 million units this year. He gave his views in a research note that Apple Insider had ad access to, revising his estimations upwards to 70 to 75 million units from 65 to 70 million units previously.He further gave indications as to the preferences of the American market for the iPhone 11 pro and the cheaper iPhone 11 for the Chinese. He identified the various flexible payment options for the Americans and the reduction of market premiums for the Chinese which will spur demand upwards.He further expected the Chinese to take the practical choice of using the iPhone 11 as a suitable upgrade rather than the iPhone 11 pro due to higher prices. As for the trade war tariffs which will come into effect on December 15th, he didn’t expect Apple to increase the prices of its products but rather the absorption of the tariffs will be a likely scenario.This goes in tandem with the technology giant’s decision to keep prices of its watch phones the same earlier this year.The iPhone 11 vs. iPhone 11 ProApple seems to have made things interesting for its fans this time with slight differences between the iPhone 11 and iPhone 11 pro. The iPhone 11 is a little slower than the iPhone 11 pro due to differences in the CPU and GPU. The iPhone 11 has a 6. Inch liquid retina display while the iPhone 11 pro has a super retina display with a 2 million to 1 contrast OLED.In terms of GPU, the iPhone 11 has an A13 Bionic chip with a neural engine while the iPhone 11 pro has an A13 7nm bionic chip which is sensitive to battery use and only takes what it needs from the battery as per tasks executed.Whichever of the versions you choose, you can be sure of a great piece of engineering which Apple is always known for globally.At the time of writing, AAPL stock is down by 0,69% making $217.25 per share.New iPhone 11 Could Become Apple’s Next Best-Selling Product in China
Coinspeaker

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.