BYD news

Chinese automobile manufacturer. Its principal activity is the design, development, manufacture and distribution of automobiles, buses, electric bicycles, forklifts, rechargeable batteries and trucks sold under the BYD brand.

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Tesla Rival BYD is Absolutely Killing It – But There’s an Enormous Catch

By CCN: On the heels of a rather disappointing Tesla earnings call, Chinese electric car maker BYD Auto reported a stunning 632 percent increase in Q1 net profit. The company, backed by Warren Buffet, saw profits jump from 102.4 million yuan (~$16.2 million at that time) to 749.73 million yuan (~$111.4 million), Reuters reports. Remarkably, BYD stock seems unaffected by the news. China Is Falling in Love with Electric Vehicles We can credit the booming sales figures to the massive (and growing) electric vehicle (EV) market in China. According to China’s Association of Automobile Manufacturers, Chinese citizens will buy at The post Tesla Rival BYD is Absolutely Killing It – But There’s an Enormous Catch appeared first on CCN

VeChain Partners with China’s BYD for Carbon Credit App

VeChain (VET) investors have been expecting a major announcement in September, and now that the time has come, a market sell-off has spoiled the party. Given today’s 7% decline, you wouldn’t know that VeChain has just unveiled a groundbreaking partnership with the Tesla of China — BYD — for a carbon credit app that uses the VeChainThor […] The post VeChain Partners with China’s BYD for Carbon Credit App appeared first on Hacked: Hacking Finance.

VeChain To Partner With Chinese Electric Car Company BYD Along With DNV GL

One of China’s largest car manufacturers BYD, creator of electric cars, is now partnering with DNV GL for carbon banking solutions on a public blockchain platform. It will be the first of its kind from a business standpoint, designed to help millions of drivers store data on a public blockchain network. The new carbon bank software provides drivers with carbon credits based on their performance on the road. Drivers who show excellent driving behavior are rewarded with the newly developed credits, partially designed to eliminate carbon footprints left by cars. Every car provides its own vehicular footprint of sorts that is recorded on the platform by VeChain. Data stored on the company’s blockchain will be used for easy access to analytics and data sourcing. Anyone interested in sharing their data will be able to use the system to do so with ease. One point of the process is to create a new system that ends the constant stream of broken, fractured data looked upon as being inaccurate. Data that isn’t reliable or trustworthy isn’t suitable for use by analysts or anyone other parties concerned. New technology on the platform is guaranteed to improve the offering and allow companies involved to hit new groups. VeChain is the first blockchain based technology that provides so much trackability for a cars carbon footprint. It will help to improve eco-sustainability by encouraging people to pay attention to their car’s emissions. BYD is one of the leaders in electric cars, considered a leading innovator in change for green driving. They are benefiting from the new platforms data storage service by gaining a better understanding of driver behavior and car emission data. The effect is going to provide them with yet one more way to improve the way drivers operate their cars and at the same time, how to develop green solutions for them. Also, drivers now have better access to personal information through the platform, which creates healthy self-awareness for them to focus on and stay green. The world needs green solutions for car manufacturers as well as well as a better way to track driver data. With the new platform, drivers, companies and the government will be able to see reliable information on current emissions among other pieces of data to better respond to the what is needed for greener driving. Drivers who display better driving habits will be rewarded with all sorts of perks by the companies and governing bodies to entice them to keep up or even improve their driving. One of the first bodies to get involved in the People’s Insurance Company of China, who believes the company ads a new depth to their own. Improved green driving is an excellent solution according to every party involved. As for DNV GL, they are a completely independent third party who is working closely with VeChain to develop the required data checks on the vehicles involved. They will be using various services to meet the needs of the new platform, including the KYC or Know Your Customer protocol. What do you think of car manufacturers using blockchain technology for controlling green driving? Leave your responses in the comment section below.
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Chinese electric car manufacturer BYD partnering with DNV GL and VeChain

BYD, one of the largest Chinese car brands and world’s top selling plug-in electric car manufacturer has debuted its carbon banking solution as co-developed with DNV GL and VeChain on the VeChainThor public blockchain... Chinese electric car manufacturer BYD partnering with DNV GL and VeChain
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Real Use Case of Blockchains

Matthew Di Ferrante, a developer at Ethereum Foundation, talks about the real use case of blockchains. To give our readers a perspective on this matter, Finrazor further provides an overview of current adoption of blockchains at enterprise level.

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Opera Brings BTC to Android; Now Looking to Add TRON

Who would have known Opera and bitcoin could go so well together? We’re not necessarily talking about classically trained singers that wear Viking horns and hit high notes, but rather the Norwegian financial platform that’s been touting the addition of bitcoin to its Android app since July of 2018. Opera and BTC: A Perfect Match? The app was launched privately and was later available to the public in December. Opera inherently became one of the first browsers to support bitcoin directly, and customers did not need any extensions or follow-up downloads to engage in crypto transactions. From there, bitcoin support came to the Opera iPhone app. Opera presently has about 350 million users, and many enthusiasts see this as a prime movement in the fight to make bitcoin mainstream. In a blog post, the company writes: With this release, Opera opens its crypto wallet to the world’s most popular blockchain, making it possible to send and receive BTC directly from the browser the way one would with an image or a music file. This means anyone can now not only send bitcoin and Ethereum to another person but can also use it while interacting with websites to pay for goods or services. Up to this stage, Opera only provided support for Ethereum, the world’s second-largest cryptocurrency and a primary competitor to bitcoin. However, the company is also introducing plans to support Tron in the coming months. The last few weeks have marked by a whole new list of platforms or companies showing support for cryptocurrencies they otherwise were ignoring. One such example comes in the form of the new HTC smartphone known as Exodus 1s, which can allegedly support a full bitcoin node. This means that the phone can hold the entire blockchain ledger. Other examples include Electrum, a new bitcoin wallet which has recently added the Lightning Network to its platform. The Lightning Network is designed to assist with scalability on the bitcoin blockchain. While bitcoin is the oldest, largest and arguably the most popular of the world’s cryptocurrencies, it often lacks the up-to-date technology of its newer altcoin counterparts. Thus, it suffers from slow transaction times and smaller blocks. How Lightning Is Making Things Simpler The Lightning Network initiates micropayments that occur off-chain to ensure that they are pushed through quickly. Electrum’s addition of Lightning is likely to enable faster speeds for customers and ensure that payments are pushed through with ease. We’ve also received word of a new startup called Moon, which allows Amazon customers to purchase goods and services from the online retailer with crypto. The application also works through Lightning-based technology and appears to recognize the Amazon page once you log in. When you’re ready to check out, it provides you with a crypto pay option that shows how many available funds you can spend. The post Opera Brings BTC to Android; Now Looking to Add TRON appeared first on Live Bitcoin News.
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Opera Continues Bullish Crypto Mainstream Drive With Bitcoin Payments

Browser minnow Opera is ramping up cryptocurrency support for Android users in version 54, which has just been released on Tuesday. Among a host of other cosmetic improvements and a new UI, this latest release improves upon the current crypto wallet with support for both Bitcoin and Tron payments. Ethereum has been the staple payment […] The post Opera Continues Bullish Crypto Mainstream Drive With Bitcoin Payments appeared first on

Carson Wentz Gossip Turns Eagles Into Daytime Soap Opera

After the beating the Dallas Cowboys gave the Philadelphia Eagles Sunday night, fans were probably wondering how things could get worse. When they woke up Monday morning, they found out. It appears that at least one fool decided to burn his Carson Wentz jersey following the loss, and – more significantly – Alshon Jeffery is […] The post Carson Wentz Gossip Turns Eagles Into Daytime Soap Opera appeared first on

The Ethereum Ecosystem: Still Relevant After All These Years

Ethereum first went live in 2015, and since then, it’s become one of the market’s top coins. And while four years may not be a lot in most markets, in crypto it’s a lifetime. For Ethereum, it has been quite a ride. With a market cap of $19 billion, Ethereum is the second largest cryptocurrency in existence, and recent reports show that it provides a benchmark for the market. Of course, there’s much more to its success: the Ethereum ecosystem is thriving in its own right. In short, Ethereum is one of the most extensible blockchains. It offers developers the opportunity to create tokens, dApps, collectibles, financial applications, and more. Plus, Ethereum itself will soon be better than ever. Here’s what the Ethereum community is up to right now—and what the Ethereum ecosystem has to offer. Dominance Over dApps and Tokens Ethereum currently leads the dApp market with its sheer number of listings. Right now, it has a total of 2000 dApps—four times more than TRON or EOS, its closest competitors. Ethereum also closely matches those blockchains in terms of dApp volume—each platform handles about $10 million of crypto through its apps in a typical day.   Daily dApp transaction volumes in dollars, via DAppReview   To be fair, EOS and TRON dominate in terms of dApp users and transactions (although many of these are simple gambling apps). Still, Ethereum has a few notable apps in those measures: MakerDAO attracted 2200 users on Monday, making it the third largest dApp by user count. Meanwhile, dYdX, a derivatives platform, handled $371,000 on Monday—making it the 9th largest app by that metric. Ethereum’s token standards are also incredibly influential. Of the top 50 cryptocurrencies by market cap, at least 20 are based on Ethereum’s ERC-20 token standard—including big names like BAT and LINK. Plus, Ethereum’s non-fungible ERC-721 standard has begat collectible items like Decentraland properties and CryptoKitties. New Opportunities For Investment As Ethereum matures, there might be new ways to invest. Recently, the CFTC declared that Ethereum is a commodity, meaning that ETH futures may become an option for institutional investors in the future. It’s conceivable that Bakkt might add ETH futures alongside its BTC futures—though it hasn’t said so explicitly. Additionally, there are some retail platforms that already trade Ethereum futures, such as BitMEX and Kraken. These options attract speculative investors who might not trade on the crypto market itself. Even though futures don’t affect Ethereum’s value directly, they bring value into the crypto ecosystem and facilitate price discovery. There are other investment opportunities as well. MakerDAO, for example, allows you to lock up your Ether as collateral and create Dai stablecoins in return. Meanwhile, peer lending platforms like ETHLend allow you to earn interest by lending out Ether. Suffice to say, there’s a lot you can do with your Ether holdings. Preparing For Ethereum 2.0 Ethereum’s next big milestone will be Ethereum 2.0, which will introduce staking, which allows coinholders to earn rewards. It will also improve scalability through features like sharding, which will allow the blockchain to handle many more transactions. Though Ethereum 2.0 is a multi-year effort, staking should be available in the next few months. At the moment, different Ethereum development groups are running separate testnets. These became interoperable in early September, and according to Ethereum’s creator, Vitalik Buterin, a public network is rapidly approaching. This will be the “last major milestone [before] the network,” Buterin stated during a recent event in Hong Kong. Buterin has also suggested that the upgrade will be seamless. In a post on, Buterin suggested that app developers will need to migrate, but coinholders won’t need to do anything at all: “You may want to move your funds into [an ETH2] wallet eventually, but you do not strictly have to and there is no time limit,” he wrote. Can Ethereum Stay Relevant? Of course, not everyone is happy with Ethereum. Some dApps, such as Ethermon, have moved to blockchains like Zilliqa due to the promise of faster transaction speeds. Meanwhile, some projects with ERC-20 tokens have migrated to other platforms like Binance Chain. Finally, some critics believe that sharding is not secure. But despite criticism, Ethereum probably won’t go away. Its brand, market standing, its dominance over dApps, and its ability to drive hype for version 2.0 seem to be a winning combination. Though it has many competitors, Ethereum has first mover advantage and the biggest developer community in crypto —giving it a head start and making it the favorite to continue to tower over the competition.     The post The Ethereum Ecosystem: Still Relevant After All These Years appeared first on Crypto Briefing.
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