Xi to Endore Blockchain As 'Breakthrough' in Economy

Chinese leader Xi Jinping publicly supported the blockchain technology for the first time

30 May 2018 763

Chairman of the People's Republic of China Xi Jinping on Monday delivered a speech in which he acknowledged that the blockchain has potential, for the first time publicly supported the developing technology. This is reported by CoinDesk.

Speaking at the annual scientific conference organized by the Chinese Academy of Sciences, Xi said that the blockchain is a critical part of the technological revolution of the 21st century, and China should use it to make progress in the economy.

Ever since the start of the 21st century, a new generation of industrial revolution is substantially reshaping the global economic structure ... with artificial intelligence, internet of things and blockchain constantly making application breakthroughs.

Xi Jinping

President, People's Republic of China

Xi also said that China, in order to succeed in a global economic competition, should establish national laboratories that will comply with high standards and encourage research and development of technological infrastructure.

The head of China did not go into the details of how the blockchain should be used, but shortly before his speech, the State Council of the People's Republic of China ordered the free trade zone in Guangdong to accelerate the development and use of blockchain - among other things, in financial technology.

ICO Blockchain

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram

04 July 2019 878

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”