Tech Tic Technologies

A leading Chinese marketing and management behemoth, ChinaNet, has announced that vibrant and pro-blockchain Mr. Yingguo Guo is now the new Chief Technology Official (CTO) of the company, according to a press release today. ChinaNet Hires Pro-Blockchain Executive ChinaNet is a NASDAQ-listed company (Nasdaq-CNET). According to the company’s website, ChinaNet is “integrated online advertising, precision marketing, and data analysis and management services platform” that is focused on providing comprehensive data analysis for its clients to help improve their business outcomes as well as create efficient enterprises. In the announcement, the company said that Yingguo will use his leadership capabilities and wealth of experience in technological innovation to help ChinaNet to expand its interest in the development of blockchain technology. Speaking about the new development, Mr. Handong Cheng, Chairman, President, and CEO of the company, shared his gratitude for having su...

Litecoin, one of the most popular cryptocurrencies aside from Bitcoin, is noting a recent severe crash in its hash, almost reaching the 2017 levels. This decline comes just months following the 2019 Litecoin halving event. It raises the question among the community if Litecoin’s network can be jeopardized more easily if the hash rate continues to drop. Litecoin Hash Rate Plunging Litecoin’s hash rate is declining violently over the past six months. The all-time high was reached during the recent July 2019, approximately 523 TH/s. Ever since then, it has been decreasing continuously, and a few days ago, it noted its lowest value for 2019 at 149 TH/s. These numbers represent a total plunge of over 70% in just four months. The hash rate is an essential part of the cryptocurrency mechanism. It shows the amount of hash calculated each second over the network. It’s safe to assume that when more miners are mining Litecoin, it would mean more calculations performed per sec...

The CEO of Bakkt, Kelly Loeffler, is reportedly going to take the seat in the U.S. Senate for the state of Georgia. Governor Brian Kemp is set to choose the businesswoman rather than President Trump’s choice – U.S. Rep. Doug Collins. Bakkt CEO In U.S. Senate Governor Brian Kemp appears to be clear with his choice for the U.S. Senate seat after months of anticipation and discussions. The state of Georgia will reportedly have the CEO of Bakkt, Kelly Loeffler, taking the hot seat. While this might sound like a surprising pick to some, Gov. Kemp is attempting to expand the Georgia GOP’s appeal to women with Loeffler. It should be officially announced at a press conference early next week, and this will make Bakkt’s CEO the second woman in the history of the state to serve in the U.S. senate. U.S. Rep. Doug Collins seemed to be the more sensible choice due to his experience. He has served as congressman four terms already. Moreover, Collins is one of the most vocal defende...