Blockchain
V1 Group Formal Entry Into Sanya To Seize New Opportunities of Hainan Free Trade Port Policy and To Capture New Development
One of China’s top 100 internet companies, V1 Group Limited (“V1 Group” or the “Company”, together with its subsidiaries, the “Group“; stock code: 00082.HK) today announced that Mr. Peng Xitao, Joint Chief Operations Officer of V1 Group Limited and Chief Executive Officer of Crazy Sports, has participated in the Hainan Free Trade Port (”Free Trade Port”) Key Projects Signing Ceremony in Haikou on 13 August 2020. Crazy Sports, a subsidiary of the Group, will kick-start a project integrating the information technology and sports industries in Sanya. The project is of great significance to the Group in the development of its internet sports-related business.
Hainan is China’s largest special economic zone, and the announcement of the Free Trade Port project indicated the development of the Free Trade Port has entered the full implementation phase. The Hainan Free Trade Zone has unique advantages in terms of policy support. The State Council of the PRC put forward in the “Overall Plan for the Construction of Hainan Free Trade Port”, a document issued on June 1, 2020, that with regard to the high-tech innovation industry, “focusing on platforms as vehicles to upgrade industrial efficiency, and to take IoT, artificial intelligence, blockchain, digital trade, etc. as key development sectors in the information technology industry”. Hainan Free Trade Zone also brought up the idea of “promoting the in-depth integration of tourism, sports and culture as well as medical industries” for the tourism industry.
The signing ceremony unveiled a total of 59 major projects, of which 12 are foreign funded and 47 are domestically funded, covering tourism, modern services, industries high-tech industries and livelihood and public services, with an estimated total investment size of RMB14.2 billion. Hainan Free Trade Port will continue to introduce a series of key development projects and unleash the potential of the city through the implementation of preferential policies and the investment opportunities brought by the free trade port.
Mr. Peng Xitao, Joint Chief Operations Officer of V1 Group Limited and Chief Executive Officer of Crazy Sports, said, “V1 Group is a well-known internet company with relevant technical capabilities in the internet, sports and media industries. As a leader of this Crazy Sports project in Sanya, I aspire to develop quality projects by leveraging the Group’s advantages in technology and resources.”
Dr. Zhang Lijun, Chairman of the Board of Directors of V1 Group Limited, said, “The Group proactively adheres to the direction of national development and formulates development plans in line with market trends. Hainan Free Trade Port brings new opportunities, by formal entry into Sanya, we will enjoy the advantages brought by the preferential policies. I believe that under the leadership of our professional operation and management teams, the Group’s businesses will be able to develop rapidly with the supportive policy. While bringing better development prospects to our shareholders and investors, we also hope to contribute to the construction of the Free Trade Port, and jointly seek new development opportunities.”
The Signing Ceremony of Hainan Free Trade Port Key Projects. The event was hosted by the People’s Government of Hainan Province, and undertaken by the Hainan Provincial Department of Commerce and the Haikou Municipal People’s Government. Attending government officials including Liu Cigui, the Secretary of the CPC Hainan Provincial Committee and the Chairman of the Standing Committee of the Hainan Provincial People’s Congress; Mao Chaofeng, Member of the Standing Committee of the CPC Hainan Provincial Committee and Vice Governor of Hainan Provincial Government; He Zhongyou, Member of the Standing Committee of the CPC Hainan Provincial Committee and the Secretary of the CPC Haikou Municipal Committee; and Tong Daochi, Member of the Standing Committee of the CPC Hainan Provincial Committee and the Secretary of the CPC Sanya Municipal Committee.
bybit lucky
Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
-
Blockchain6 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain7 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain Press Releases6 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain6 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain3 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain7 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain5 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
