Tag Archive : Digital

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Shenzhen, known for its maker community and manufacturing resources, is taking the lead in trialing China’s digital yuan.

Last week, the city issued 10 million yuan worth of digital currency to 50,000 randomly selected residents who applied. The government doled out the money through mobile “red envelopes,” a tool designed to digitize the custom of gifting money in red packets and first popularized by WeChat’s e-wallet.

“Red packets are a common way we’ve seen in China Internet companies to spur adoption like what we’ve seen with Tencent WeChat and Alibaba’s Alipay in the early days, when these products were first launched,” Flex Yang, CEO of crypto finance firm Babel Finance, told TechCrunch.

The digital yuan is not to be mistaken as a form of cryptocurrency. Rather, it is issued and managed by the central bank, serving as the statutory, digital version of China’s physical currency and giving Beijing a better

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The Chinese city of Shenzhen will become a testing ground for a new sovereign cryptocurrency with residents issued millions in the digital coin for free. 

As reported by the South China Morning Post, citizens have been able to enter a lottery to receive the digital funds, of which coins worth 10 million yuan ($1.47 million) will be awarded to promote their use in roughly 3,400 designated stores in the Luohu district. 

The 50,000 “red packets” will each contain roughly $30 in cryptocurrency. Chinese citizens living in Shenzhen have been able to apply via iShenzhen, a blockchain-based and government-operated network that backs the new sovereign asset. 

See also: IRS offers grants for software to trace privacy-focused cryptocurrency trades

Digital Renminbi, an official state app, can be used to create an e-wallet to store and exchange the cryptocurrency. The gift amounts can only be used until October 18 and cannot be transferred

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  • Last week, the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the digital currency.
  • The winners can now download a digital renminbi app to receive the digital yuan and spend it at over 3,000 merchants in a particular district of Shenzhen.
  • The digital yuan is not a cryptocurrency like bitcoin. Instead, it is issued and controlled by the People’s Bank of China, the country’s central bank.



a close up of Mao Zedong holding a piece of paper: A Chinese clerk counts renminbi yuan banknotes at a bank in China on December 2015.


© Provided by CNBC
A Chinese clerk counts renminbi yuan banknotes at a bank in China on December 2015.

GUANGZHOU, China — China has started one of the biggest real-world trials for its digital currency as it pushes closer toward creating a cashless future.

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Last week, the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the

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Chromebooks, web-based devices that run on software from Google and are made by an array of companies, are in particular demand because they cost less than regular laptops. That has put huge pressure on a supply chain that cobbles laptop parts from all over the world, usually assembling them in Asian factories, Mr. Boreham said.

While that supply chain has slowly geared up, the spike in demand is “so far over and above what has historically been the case,” said Stephen Baker, a consumer electronics analyst at the NPD Group. “The fact that we’ve been able to do that and there’s still more demand out there, it’s something you can’t plan for.”

Adding to the problem, many manufacturers are putting a priority on producing expensive electronics that net greater profits, like gaming hardware and higher-end computers for at-home employees, said Erez Pikar, the chief executive of Trox, a company that

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DigiCol

DigiCol
DigiCol
DigiCol

VICTORIA, Seychelles, Oct. 11, 2020 (GLOBE NEWSWIRE) — The hype in Decentralized Finance (DeFi) quickly dissipated as DeFi-related assets recorded sharp reversals in their price. DeFi users that were overleveraged observed their wealth evaporate as the value of their collateral diminished. As DeFi interest subsides, NFT interest has been piqued.

Non-fungible tokens (NFTs) are distinct token types that derive their utility from being diverse and unique from other tokens. Data is suggesting that we are approaching the next wave of NFT adoption.

NFTs can be considered to be digital collectables which are traded and secured on a blockchain infrastructure. They are commonly tied to non-fungible ERC721 tokens on the Ethereum blockchain. Google data shows record-high search volume for the term “NFT”.

DigiCol will provide the infrastructure for the next wave of NFT adoption. NFT users have previously faced stiff technical barriers to creating and using NFTs. It

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Business success in the post-pandemic world means reprioritizing to account for major, long-term changes to the way people and businesses make purchases.

Paper boxes in a shopping cart.

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Gartner has identified five areas of digital commerce that are being changed due to COVID-19’s effects not only on customer behaviors, but also due to rapidly accelerated adoption of online and digital alternatives by businesses.

The five areas highlighted could affect myriad types of businesses, with Gartner saying IT leaders will need to keep up with changes to remain competitive in the new normal.

“Digital commerce has played an important role during the pandemic by enabling organizations to continue serving customers. Measures implemented by organizations during the pandemic, such as enabling new go-to-market (GTM) models and new types of customer engagement are likely to remain, thus evolving digital commerce,” said Gartner senior research director Sandy Shen.

SEE: COVID-19 workplace policy (TechRepublic Premium)

Contactless purchasing is here

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Three new, innovative, high-performance SSD storage solutions purpose-built to equip gamers with the tools they need to optimize their gaming setup

Story Highlights

  • Western Digital unveils upcoming NVMe™ SSD with next-gen PCIe® Gen4 technology touting up to 7000 MB/s1 sequential read speeds and up to 1M IOPs1 performance (1TB and 2TB models)

  • New additions to WD_BLACK™ portfolio include one of the fastest Gen3 x8 add-in-cards in the market with SSD performance and a sleek Thunderbolt™ 3-powered NVMe SSD gaming dock

  • New WD_BLACK lineup includes products with customizable RGB lighting controlled through the WD_BLACK dashboard (Windows® only)

Western Digital Corp. (NASDAQ: WDC) is helping gamers enhance their setups and adapt to the evolving gaming landscape heralded by the next generation of games with today’s introduction of three new and upcoming products for its WD_BLACK portfolio of storage solutions. These include its first NVMe solid-state drive (SSD) with next-gen PCIe®

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Stephen Ritter is Chief Technology Officer at Mitek, a global leader in mobile deposit and digital identity verification solutions.

If future civilizations wanted to study 2020, surely one “historical artifact” they would examine would be the viral supercut of Covid-19 commercials. As most of us have heard repeated ad nauseam, the phrase “these unprecedented times” highlights just how unpredictable the events of 2020 have been.

Among the many unforeseen challenges was the need to provide urgent, widescale access to services via digital channels. Millions faced a dire and immediate need for government assistance and the ability to quickly open new bank accounts or to find new employment virtually. At the same time, companies and municipalities were often delayed in providing for those needs due to a lack of quick onboarding solutions.

As we look back on the year, we must prepare for the next unprecedented moment in history,

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ROCHESTER, N.Y., Oct. 6, 2020 /PRNewswire/ — Orthopreneur Internet Marketing https://orthopreneur.com is proud to receive dual distinctions from SEOlium for being a top digital marketing agency in the United States providing Search Engine Optimization (SEO) as well as multiple digital marketing services for the orthodontic profession.

Orthopreneur has been at the forefront of orthodontic web design and SEO since 2008, providing clients with leading-edge orthodontic websites and online marketing services to improve rankings in local search. Orthopreneur takes an approach centered on “Expertise Without Extra Fees” that enables clients to attract more new patients and increase exposure on search engines such as Google and Bing to attract new patients without decimating their marketing budget.

“While the rankings are somewhat comprehensive, they only include a handful of orthodontic web agency specialists on the list and none of the top providers which dominate the field,” says Mary Kay Miller, Founder

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