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BCB Blockchain partners with Huawei to accelerate support initiatives for tech startups in Asia

The Singapore-based smart city solution provider is among of handful of top project collaborations to be featured in Huawei’s AI Lab Singapore, 22 October 2020 – Building Cities Beyond (BCB) Blockchain today announced their collaboration with Huawei, a global leader in cloud computing and artificial intelligence. The partnership will strive to co-develop smart city solutions…

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The Singapore-based smart city solution provider is among of handful of top project collaborations to be featured in Huawei’s AI Lab

Singapore, 22 October 2020 – Building Cities Beyond (BCB) Blockchain today announced their collaboration with Huawei, a global leader in cloud computing and artificial intelligence. The partnership will strive to co-develop smart city solutions through decentralised technology – and support artificial intelligence (AI) and blockchain projects that are developed using the BCB protocol. Using decentralised technology, the companies look to spearhead robust smart city solutions and support growth-stage projects in the region.

As part of its commitment to the collaboration, Huawei will be sponsoring projects developing on the BCB ecosystem by offering an innovative and secure cloud server solution to store and transmit data more efficiently. The migration to Huawei cloud will bring about higher efficiency in terms of data transfer, information synchronization and cloud storage, resulting in a more reliable and secure platform for developers.

The collaboration with Huawei provides BCB with the opportunity to join a handful of top project collaborations that will be featured in Huawei’s Singapore-based AI Lab – as the company seeks to extend previous efforts to explore and power more real-use cases of smart city solutions in the region.

Having previously announced a USD 15m innovation grant and plans to incubate up to 1,000 tech startups in the region, BCB’s partnership with Huawei focuses on developing blockchain and AI projects. To further boost its efforts on supporting the tech community in the region, the smart city solution providers are working together with key players in the tech and educational sector who share the same passion of fronting next-gen technological solutions. The Huawei union will accelerate the company’s efforts to attract and groom the future leaders of the industry.

Nicole Lu, General Manager of Huawei Cloud Partner Ecosystem, APAC shared, “Through our support for the tech startup space in the region, both BCB and Huawei are essentially working towards the same goal. This partnership brings together our combined expertise and resources to solve real-life problems and bridge the gap in the smart city ecosystem by empowering innovative developments”.

To date, BCB’s collaboration with Huawei has already reduced its server costs by 20 percent. With one click, BCB developers can now deploy nodes that run decentralised applications.

“The pandemic has proven to be a ”black swan” for the tech sector by driving digitalization and innovative solutions. Moving forward, the BCB team understands the need for a multi-layered ecosystem for future cutting-edge solutions”, said Vanessa Koh, Chief Technology Officer of BCB Blockchain who further explained that the “partnership with Huawei is in line with BCB efforts to encourage upcoming technopreneurs to develop ideas into scalable smart city solutions by providing a holistic support system that extends beyond funding”.

About BCB Blockchain

BCB is a leading blockchain protocol which integrates Artificial Intelligence, Cloud Computing, Big Data, Virtual Reality, Robotics and hardware to create smart city solutions that interconnects cities across distances and improves the quality of life for people, businesses and governments. BCB has been growing steadily in the past year through vertical and horizontal market expansions. With more than 100 staff and seven offices across seven countries, BCB aims to create and support the economies of 1000 smart cities of the future. For more information on the grant, kindly visit https://www.bcbchain.io .

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 194,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people around the world. Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will drive ubiquitous connectivity and promote equal access to networks; bring cloud and artificial intelligence to all four corners of the earth to provide superior computing power where you need it, when you need it; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; redefine user experience with AI, making it more personalized for people in all aspects of their life, whether they’re at home, in the office, or on the go. For more information, please visit Huawei online at www.huawei.com

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Source: https://cryptoverze.com/bcb-blockchain-partners-with-huawei-to-accelerate-support-initiatives-for-tech-startups-in-asia/

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Steve Forbes Thinks Bitcoin Is Yet To Qualify As A Store Of Value, Roots For Gold

Bitcoin Is Digital Gold And The Upcoming Halving Will Make It More Potent As A Store Of Value – Coinbase

Bitcoin is not viable as a store of value. That’s according to Steve Forbes, Editor-in-Chief of the Forbes Magazine. Apparently, Steve is all for Gold as a long-term store of value. However, he agrees that Bitcoin’s major success stems from the actions of central banks by printing a lot of money and causing inflation. Steve […]

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Bitcoin Is Digital Gold And The Upcoming Halving Will Make It More Potent As A Store Of Value – Coinbase

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Bitcoin is not viable as a store of value.

That’s according to Steve Forbes, Editor-in-Chief of the Forbes Magazine. Apparently, Steve is all for Gold as a long-term store of value. However, he agrees that Bitcoin’s major success stems from the actions of central banks by printing a lot of money and causing inflation. Steve Forbes was sharing his thoughts via his YouTube channel named “What’s Ahead.”

Steve Forbes is the son of Malcolm Forbes who was the publisher of the Forbes magazine, founded by his father B. C. Forbes. As such, Steve grew up in a well-off family and now runs the magazine. Steve Forbes is not an economist, so his beliefs are just personal opinions not backed by any professional analysis.

Too Volatile

In Steve’s opinion, Bitcoin’s volatility makes it not suitable for long-term wealth holding. In that sense, Steve thinks the top coin is not the right choice of an asset to maintain family wealth.

Indeed, Bitcoin’s price has seen quite a few ups and downs over the years, but a look at the larger projections reveal that the crypto has always been increasing in value.

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Bitcoin’s current value is way higher than it was 5 years ago. In fact, Bitcoin’s rise in value has made some people billionaires. A case in point is the Winklevoss twins.

BTC’s Supply Limit Hinders Its Future Growth

Steve went on to argue that one of the huge obstacles preventing Bitcoin from becoming a good store of value is its supply limit.

BTC’s supply limit is capped at just 21 million coins. On the other hand, Gold’s global supply increases at a rate of 2% every year.

However, Steve didn’t mention that, just like Bitcoin, Gold’s supply in the world isn’t really as infinite as usually claimed. At one point, its supply will diminish as well.

Steve Forbes wasn’t entirely dismissive of Bitcoin as a store of value. He agrees that the crypto could iron out its quandaries and come out on top at some point in the future, “but that day is not yet here.” Bitcoin could very well evolve into the new Gold.


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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/steve-forbes-thinks-bitcoin-is-yet-to-qualify-as-a-store-of-value-roots-for-gold/

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Crypto Market Intel: How did the Top 3 crypto holders respond to recent price gains?

Investors and Traders in Bitcoin, Ethereum & Ripple are behaving differently when it comes to profit-taking

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CRYPTO TRADING

Investors and Traders in Bitcoin, Ethereum & Ripple are behaving differently when it comes to profit-taking

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Source: https://medium.com/technicity/crypto-market-intel-how-did-the-top-3-crypto-holders-respond-to-recent-price-gains-4ca14416dfd6?source=rss——-8—————–cryptocurrency

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Grayscale: Ethereum Is Getting More Attention Beyond The Software Developers’ Realm

Grayscale: Ethereum Is Getting More Attention Beyond The Software Developers’ Realm

For years, Ethereum has largely been viewed as a platform for software programs to showcase their prowess in developing dApps for the blockchain industry. Not much attention was paid to the crypto’s price especially before the bull run of late 2017. Now, Grayscale says that Ethereum is garnering more attention even as Bitcoin graces the […]

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Grayscale: Ethereum Is Getting More Attention Beyond The Software Developers’ Realm

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For years, Ethereum has largely been viewed as a platform for software programs to showcase their prowess in developing dApps for the blockchain industry. Not much attention was paid to the crypto’s price especially before the bull run of late 2017. Now, Grayscale says that Ethereum is garnering more attention even as Bitcoin graces the spotlight for its recent price gains.

Grayscale Investments LLC is a crypto investments fund managing crypto assets for customers. It mainly focuses on Bitcoin and Ethereum investments. According to Grayscale’s managing director, Michael Sonnenshein, Ethereum is getting more attention despite the fact that Bitcoin has long been the favored investment option for investors. Notably, Ethereum is the most active blockchain network in the industry.

Growing Conviction

While expressing his views during an interview, Michael pointed out that the crypto industry is currently seeing new investors who have a particular fixation on Ethereum. A lot of these investors either take ETH as the first investment option or go all-in with it as their only crypto investment. This is a sign that people are now beginning to look at Ethereum just like Bitcoin maximalists have a basic attraction to BTC. This has accorded Ethereum stronger support as a viable asset class.

Also, the fact that the network was successful in getting users to pool enough currency to support an upgrade means that it still maintains a good and respectable status as a leader. A recent spike in DeFi has greatly contributed to this goal.

Bitcoin’s 170% Vs Ethereum’s 360%

Bitcoin is up 170% since the start of 2020, and that’s what has been causing a lot of buzz in the market. However, Ethereum has performed way better, having locked in a cool 360% gain since the beginning of the year. The rise of DeFi platforms running on the Ethereum blockchain has powered this hike.

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The crypto space has been known to be volatile, and that explains why ETH is currently trading at around $595, a figure less than the $937 high of February 2018. Still, the fact that the network has remained one of the top in the industry means that its power is comparable to that of Bitcoin. As Michael puts it, ”Ethereum has along the same lines of the staying power than Bitcoin has.”


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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/grayscale-ethereum-is-getting-more-attention-beyond-the-software-developers-realm/

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