Fintech PR
To move China-U.S. relations on track of healthy, stable, sustainable development
BEIJING, Nov. 17, 2023 /PRNewswire/ — A report from People’s Daily: Chinese President Xi Jinping met with U.S. President Joe Biden at Filoli Estate, San Francisco on Nov. 15, local time. It was a strategically significant and far-reaching meeting of the two heads of state.
Xi and Biden had an exchange of views on strategic and overarching issues critical to the direction of China-U.S. relations and on major issues affecting world peace and development.
Xi gave a comprehensive and authoritative presentation on China’s position on stabilizing and improving China-U.S. relations, stressing the importance of making the right choice for history, finding the right way to get along and fostering a San Francisco vision for the relations.
The meeting is significant for enhancing trust, removing suspicion, managing differences and expanding cooperation between China and the United States. It is also significant for injecting certainty and stability into a world of turbulence and transformation.
China and the United States are the world’s top two economies. For China and the United States, turning their back on each other is not an option, Xi noted, stressing it is unrealistic for one side to remodel the other, and conflict and confrontation has unbearable consequences for both sides.
Major-country competition cannot solve the problems facing China and the United States or the world, he continued, noting that the world is big enough to accommodate both countries, and one country’s success is an opportunity for the other.
China hopes that the two countries could be partners, perceiving and envisioning China-U.S. relations from the perspective of the future of humanity and Planet Earth. This fully demonstrated China’s major country responsibility for history, people and the world.
The fundamental principles that China follows in handling China-U.S. relations are mutual respect, peaceful coexistence and win-win cooperation, which are the lessons learned from 50 years of China-U.S. relations and the conflicts between major countries in history. They should be the direction of joint efforts between the two countries.
Win-win cooperation is the trend of the times, and it is also an inherent property of China-U.S. relations.
China is pursuing high-quality development, and the United States is revitalizing its economy. There is plenty of room for their cooperation, and they are fully able to help each other succeed and achieve win-win outcomes. They should make the cooperation list longer and the pie of cooperation bigger.
Recently, the two countries have been actively implementing the consensus reached by the two heads of state in Bali, Indonesia, creating conditions for fostering a San Francisco vision for the relations.
During his meeting with Biden this time in San Francisco, Xi said that China and the United States should jointly develop a right perception, jointly manage disagreements effectively, jointly advance mutually beneficial cooperation, jointly shoulder responsibilities as major countries, and jointly promote people-to-people exchanges.
Through joint efforts in these five areas, five pillars can be put in place for China-U.S. relations to grow steadily and a new vision is fostered for China-U.S. relations going into the future.
The summit meeting reached more than 20 deliverables in such areas as political affairs and foreign policy, people-to-people exchange, global governance, and military and security.
On principles guiding the China-U.S. relations, the two presidents endorsed the efforts of their respective diplomatic teams to discuss principles related to China-U.S. relations since the Bali meeting and the common understandings arising from those discussions.
They stressed the importance of all countries treating each other with respect and finding a way to live alongside each other peacefully, and of maintaining open lines of communication, preventing conflict, upholding the United Nations Charter, cooperating in areas of shared interest, and responsibly managing competitive aspects of the relationship.
These seven points of common understanding are very important in that they provide a solid foundation for deeper discussions going forward. They are further proof of the broad common interests of China and the United States and the mutually beneficial nature of China-U.S. relations. They demonstrate that dialogue and cooperation is the only right choice for the two countries.
A stabilizing and improving China-U.S. relationship is in the fundamental interests of the two countries and the common aspiration of the international community. The journey from Bali to San Francisco has not been an easy one. However, San Francisco should not be the finish line; it should be a new starting point. From San Francisco onward, the two sides should foster a new vision, further consolidate the foundation of their relations, build pillars for peaceful coexistence, and move their relationship in the direction of healthy, stable and sustainable development.
View original content:https://www.prnewswire.co.uk/news-releases/to-move-china-us-relations-on-track-of-healthy-stable-sustainable-development-301992188.html
VILNIUS, Lithuania, Dec. 27, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the launch of ALTCOIN Index, the first futures trading pair involving top altcoins. This innovative trading product offers users a one-click solution to efficiently track and trade major cryptocurrency trends with ease.
Traditionally used in stock markets, a futures index is a financial derivative that tracks the performance of a group of assets, such as stocks of commodities. These instruments were first introduced to simplify trading by allowing investors to speculate on or hedge against the collective movements of selected market sectors. Instead of purchasing individual stocks, traders are able to access broad market exposure in a single transaction, saving time and reducing costs.
In the cryptocurrency market, this new ALTCOIN/USDT futures trading pair works similarly by bundling the performance of the top mainstream cryptocurrencies by market capitalization, excluding Bitcoin (BTC) and stablecoins. The current index includes ETH, XRP, SOL, BNB, DOGE, ADA, TRX, AVAX, and SHIB. This approach is more efficient compared to buying individual cryptocurrencies or ETFs as this allows for direct speculation using tiered leverage options without the need to manage multiple positions, effectively diversifying trading risks associated with individual asset volatility.
Vivien Lin, Chief Product Officer of BingX, commented on the new offering: “By aggregating a range of leading cryptocurrencies into a single trading instrument, we’re giving users a practical and efficient way to better capture market trends. This index trading pair should help our less experienced users with their trading goals more easily, particularly when they are unsure which asset to trade and just want to trade major altcoins in general with leverage.”
BingX users can take advantage of tiered leverage options and competitive rates consistent with the platform’s perpetual futures terms, simplifying open order management and enhancing trading efficiency. The platform also ensures that the index composition remains current, with regular quarterly adjustments and temporary updates in response to market conditions.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
Photo – https://mma.prnewswire.com/media/2587929/IMG_0649.jpg
Logo – https://mma.prnewswire.com/media/2310183/BingX_logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bingx-introduces-altcoin-index-futures-trading-one-click-countless-trends-302339486.html
SINGAPORE, Dec. 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.
The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.
Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).
Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”
Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.
Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”
With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.
Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.
About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.
Photo – https://mma.prnewswire.com/media/2587832/7M_Raised_Funds.jpg
Logo – https://mma.prnewswire.com/media/2587833/1080x1080_Black___Nodepay_2_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/nodepay-raises-7m-total-funding-to-power-ai-growth-with-real-time-data-infrastructure-302339478.html
PASAY CITY, Philippines, Dec. 26, 2024 /PRNewswire/ — The SM Group is approaching the coming year with cautious optimism, encouraged by the continued growth of the Philippine economy.
SM Investments President and Chief Executive Officer Frederic C. DyBuncio said that despite ongoing challenges of peso volatility and higher inflation, the business sector has adapted well.
Consistent demand sustained household spending in the third quarter, with Household Final Consumption Expenditure posting a year-on-year growth of 5.1%, maintaining the same level in the same quarter last year, data from the Philippine Statistics Authority showed.
“Any moderation in inflation should trigger a strong confidence rebound. This could create opportunities in consumer-focused sectors in the country and we are poised to cater to these evolving demands,” Mr. DyBuncio said.
To cater to growing demand, SM continues to expand into more underserved areas, contributing to sustainable economic development and collaborating with government stakeholders to enhance access to modern retail, financial services, and integrated property developments.
“By investing and expanding to more areas nationwide, SM creates new markets and improves access to these essential sectors, serving more communities and helping stimulate sustained economic activities,” he said.
Mr. DyBuncio also said SM continues to invest in promising ventures such as renewable energy and logistics, that foster economic activity.
SM has invested in the clean energy industry through Philippine Geothermal Production Company (PGPC) which produces 300 Megawatts of geothermal steam supply. SM aims to continue to develop geothermal concessions through PGPC in support of the Department of Energy’s goal of reaching 50% renewable energy supply by 2040.
To encourage circularity towards green energy production, SM’s property arm, SM Prime Holdings partnered with GUUN Co. Ltd. (GUUN) to implement the Japanese technique of reducing landfill impact. The technology converts non-recyclable and hard-to-recycle packaging into alternative fuel.
SM’s banking arm, BDO Unibank is one of the largest funders of renewable energy projects. BDO has funded PHP898 billion in sustainable finance, including loans to 59 renewable energy projects as of December 2023.
In logistics and tourism, the improvement of transport networks across the country’s archipelago connects tourist and industrial areas that will help create inclusive growth. SM though its subsidiary 2GO launched MV Masigla and MV Masikap in 2024 to help better connect goods to 19 ports across the country including Iloilo, Bacolod, Cagayan de Oro and Manila, further supporting the government’s push for medium term growth through an upgraded tourism infrastructure and ecosystem.
“Our focus for 2025 will be to drive purposeful growth, empowering communities and partners through our investments towards a sustainable future,” Mr. DyBuncio said.
Logo – https://mma.prnewswire.com/media/1880730/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/sm-approaches-2025-with-cautious-optimism-302339452.html
-
Fintech PR7 days agoAccording to Tickmill survey, 3 in 10 Britons in economic difficulty: Purchasing power down 41% since 2004
-
Fintech PR6 days agoPresident Emmerson Mnangagwa met this week with Zambia’s former Vice President and Special Envoy Enoch Kavindele to discuss SADC’s candidate for the AfDB
-
Fintech PR4 days agoGCL Energy Technology and Ant Digital Technologies Launch First Blockchain-Based RWA Project in Photovoltaic Industry
-
Fintech PR3 days agoBybit Champions Web3 Innovation and Strengthens Ties with Asia’s Crypto Community at Taipei Blockchain Week
-
Fintech PR3 days ago2025 Will See Increased QR Code Payments but Payment Card IC ASPs Will Not Return to Pre-Covid Levels
-
Fintech PR6 days agoStay Cyber Safe This Holiday Season: Heimdal’s Checklist for Business Security
-
Fintech PR7 days agoMedicilon Appoints Dr. Lilly Xu as Chief Technology Officer
-
Fintech PR7 days agoKFin Technologies joins BlackRock’s Aladdin Provider Network