According to the latest information coming from U.S subsidiary of Huobi exchange, the company behind the Chinese-founded Huobi is in the crypto news today for creating a Communist Party branch in order to be compliant with the Chinese law.
Huobi has shown massive expansion over the past year and showed really close relations with the government. Local news South China Morning Post notes that the company is forming the Communist Party branch at a subsidiary Beijing Lianhuo Information Service.
According to Chinese law, any company that has more than three Communist Party member employees must set up its own branch which was a practice recently confined only to state enterprises.
Now Huobi is the first cryptocurrency company and industry business to start this tradition in the crypto world following major retailers Baidu and Alibaba.
A Huobi official said at the opening:
“Today is a milestone for our company.“Under the cordial care of the Party Working Committee of Haidian Park, the party branch of the Beijing Lianhuo Information Service Co., Ltd. has been gloriously established.”
China still remains, however, a difficult place for cryptocurrency businesses since it is a very complex jurisdiction. They already banned trading and ‘’propaganda’’, created this cautious atmosphere and investors got spooked while many other crypto outputs lived to their slow exodus to Hong Kong.
Huobi is now at number three of the world’s largest crypto exchange by trade volumes, daily seeing more than $754 million in trades.
Telecom Giant AT&T Interested In A Blockchain-Based Social Media ‘Mapping’ System
“The social media history map platforms described herein may take advantage of the immutable and permanent nature of blockchain records to store, and provide access to, data representing online transactions that occur on multiple social media applications.”According to the filing, content creators would keep the ownership of their data on the "mapping" platform:
“However, instead of passing ownership of blocks or data between users, a social media account owner maintains primary ownership of his or her online transaction data. What passes from the social media account owner to other users of the social media history map service, such as followers of the social media account owner, is a notion of elevated visibility rights.”This is just one more patent application in the series that were submitted by companies such as Xerox, American Express, IBM and others - and a new milestone for AT&T overlooking its expansion in the field of blockchain.
Binance Labs Introduces Us To The ‘First Batch’ Of (Final) Blockchain Projects
TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week. We have seen significant increases in both indexes […]”One of the most interesting projects built on Tron is Seedit which is a decentralized platform that lets users contribute funds to the content creators that they most appreciate. Project Atlas is also a well-known project which incentivizes people to seed content on the BitTorrent protocol, which was acquired by Tron back in July this year.
LinkedIn’s Largest Growing Job Sector Is Blockchain Development
“It’s no surprise that we’re seeing an explosion of machine learning roles and continuing growth of data science roles. In fact, we started to see glimmers of this in last year’s report; however, both fields are starting to see more specialized roles emerge. It also may not shock you that Blockchain Developer is topping the list following this year’s surge in interest around blockchain and cryptocurrency.”The great news for all of the people interested in a career in this sector is that there are plenty of universities now that adopt blockchain-related courses which help to boost the blockchain expertise in the following years.
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- Telecom Giant AT&T Interested In A Blockchain-Based Social Media ‘Mapping’ System
- Binance Labs Introduces Us To The ‘First Batch’ Of (Final) Blockchain Projects
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