Blockchain Press Releases
SCO economic, trade cooperation continues to expand
BEIJING, July 4, 2023 /PRNewswire/ — A report from People’s Daily: The SCO Industrial and Supply Chains Forum and the 2023 SCO International Investment and Trade Expo kicked off recently in Qingdao, east China’s Shandong province.
A total of 330 enterprises and organizations from 34 countries and regions, including the Shanghai Cooperation Organization (SCO) member states and regions along the Belt and Road Initiative (BRI) routes, showcased more than 10,000 types of imported specialties at the expo. Deals for purchases of goods totaling a billion yuan ($140 million) were inked.
At present, the world is facing a sluggish economic recovery, while global industrial and supply chains are undergoing in-depth adjustments.
In the face of instability and uncertainties in the world economy, SCO countries have strengthened collaboration of industrial and supply chains and promoted effective aggregation of factors and resources, contributing to the resilience and stability of the global chains, said participants in the forum.
Stable and efficient industrial and supply chains are crucial to the SCO regions and the world, noted SCO Deputy Secretary-General Nurlan Yermekbayev.
At this year’s investment and trade expo, a rich array of characteristic food, consumer goods, handicrafts, and agricultural products from different countries were put on display, offering visitors a chance to shop while enjoying a glimpse into foreign customs and traditions.
The exhibition zone of Russia was designed to resemble an elegant and romantic avenue, with a large screen wall displaying the Russian State Historical Museum.
The exhibition area of Egypt was decorated with national elements, including pyramid models, pharaoh statues, as well as live-action scenes of dromedaries and cactuses in the desert, attracting many visitors to take pictures.
Honey, dairy products, jam, and other characteristic products from Kyrgyzstan were also showcased. According to a staff member of the Ministry of Economy and Commerce of the Kyrgyz Republic in China, Chinese consumers have shown a strong interest in products from Kyrgyzstan, but lacked purchasing channels.
A batch of agricultural products from Kyrgyzstan, including honey and cherries, has arrived in China recently, said the staff member, adding that Kyrgyzstan was ready to open an official online store on Chinese e-commerce platform JD.com and planned to open brick-and-mortar stores in Chinese cities including Qingdao and Urumqi, northwest China’s Xinjiang Uygur autonomous region.
Since the establishment of the SCO in 2001, China’s trade with other SCO member states has been climbing. The trade volume reached $343.3 billion in 2021, a 28-fold growth from 2001.
The China-SCO Local Economic and Trade Cooperation Demonstration Area (SCODA) in Qingdao saw its foreign trade volume hit 36 billion yuan in 2022, up 38.3 percent year-on-year.
The SCODA has launched 31 regular international railway routes connecting China and 54 cities in 23 countries, including SCO members and countries along the BRI routes. In 2022, a total of 279,000 twenty-foot equivalent units (TEUs) of containers were handled, up 5.4 percent from the previous year.
The forum witnessed the launch of the SCO Comprehensive Service Platform 2.0. As China’s first one-stop public service platform for local economic and trade cooperation among SCO countries, the platform has attracted nearly 5,000 enterprises since its launch.
The 2.0 version focuses on meeting the actual needs of SCO countries, such as import and export processes, local currency settlement, barter trade, and the reciprocal recognition of supervision.
It has innovatively incorporated a good number of systems for services covering SCO cross-border payment and settlement, new forms of cross-border barter trade, aviation logistics, used-car exports, and taxpayer information verification, effectively solving problems including poor cross-border settlement channels between SCO countries in the past.
As the largest regional cooperation organization in the Eurasian continent with the greatest potential, the SCO has made unique contributions to regional stability and development.
Efforts will be made to leverage platforms including the SCO Industrial and Supply Chains Forum to continuously motivate various parties to deepen pragmatic cooperation, according to Yermekbayev, who noted that regional economic cooperation among SCO countries will yield more fruitful results.
View original content:https://www.prnewswire.co.uk/news-releases/sco-economic-trade-cooperation-continues-to-expand-301869395.html
Blockchain Press Releases
Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.
What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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View original content:https://www.prnewswire.co.uk/news-releases/bitrue-expands-bitcoin-runes-offerings-with-gptv-listing-and-staking-options-302135402.html
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
Hong Kong has entered the cryptocurrency ETF market with the debut of its first spot cryptocurrency exchange-traded funds (ETFs) on Tuesday, signaling the city’s ambition to compete with the US in the rapidly growing sector.
The launch, led by the Hong Kong units of three mainland Chinese asset managers — Bosera Asset Management, Harvest Global Investments, and China Asset Management — saw the introduction of two ETFs each tracking bitcoin and ether prices. Bosera’s funds were launched in collaboration with HashKey Capital.
On their debut, the three bitcoin ETFs closed between 1.5% and 1.8% higher, while the ether ETFs experienced slight losses of between 0.5% and 0.8%. Despite this, total trading turnover for all six ETFs, which included trading in US dollars, Hong Kong dollars, and renminbi, reached approximately HK$99.5 million (US$12.7 million). In comparison, US-based funds saw turnover exceeding $4 billion on their first trading day.
The move marks Hong Kong’s commitment to becoming a significant player in the cryptocurrency space, following its announcement in 2022 amid pandemic restrictions and increased Chinese oversight. Joseph Chan, Hong Kong’s under-secretary for financial services and the treasury, emphasized the city’s leading position in Asia’s crypto asset development during the ETF listing ceremony.
Prior to this, CSOP Asset Management had launched Hong Kong’s first bitcoin and ether futures ETFs in late 2022, following the publication of rules for spot ETFs by the Securities and Futures Commission in December.
In January, the US Securities and Exchange Commission approved the country’s first spot bitcoin ETFs, which have since attracted significant assets under management and net inflows. Robert Zhan, director of risk consulting at KPMG China, remains optimistic about the potential of the Hong Kong funds, despite current market sentiments and relatively flat prices of bitcoin and ether leading up to the launch.
The launch of crypto-linked funds by major Chinese asset managers has generated excitement within the industry, despite China’s strict cryptocurrency regulations. Donald Day, COO of Hong Kong-based digital asset exchange VDX, believes the new funds will cater to active investors unable or unwilling to trade during US hours.
Source: ft.com
The post Hong Kong joins global crypto ETF race appeared first on HIPTHER Alerts.
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