China | ForkLog

ForkLog 22 09.04.2024

STFIL Protocol Developers Detained in China, Project Reports

Chinese authorities are investigating the Filecoin-based STFIL protocol, with some of its technical team members currently in custody, according to project representatives. We believe that the STFIL core technical team is under investigation by local Chinese police, and we understand lawyers have been hired to understand the current situation and provide legal assistance to the […]

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ForkLog 27 15.03.2024

China Integrates AI into High-Speed Rail Network

Chinese scientists have integrated artificial intelligence into the high-speed rail network. This was reported by the South China Morning Post. Based in Beijing, the AI system actively processes extensive real-time data from the country’s 45,000 km high-speed rail network. This system can promptly alert maintenance crews to any irregularities within 40 minutes, boasting an accuracy […]

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ForkLog 20 04.03.2024

Chinese Investors Warned Against Bitcoin Investments

The Chinese state newspaper Jingji Ribao cautioned local residents about the risks of investing in the leading cryptocurrency. The article was published amid an ongoing rally in the crypto market. The publication mentioned the approval of Bitcoin ETFs in the United States and reiterated that trading digital assets remains prohibited in China. The article includes […]

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ForkLog 27 14.02.2024

Allegations of SEC’s Covert Ties with Ethereum and China Emerge

The U.S. Securities and Exchange Commission (SEC), under the leadership of Gary Gensler, is allegedly secretly supporting Ethereum and is heavily influenced by the Chinese Communist Party, according to Web3 lawyer Steven Nerayoff. With growing speculation around an Ethereum ETF, it’s evident that the SEC, led by Gary Gensler, is more involved in ETH than […]

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ForkLog 12 31.01.2024

Chinese Woman in UK Accused of Laundering $6 Billion in Bitcoin

A Chinese woman residing in London has been accused of laundering $6.3 billion in bitcoin, allegedly obtained by her acquaintance through investment fraud. This was reported by Law360. According to British prosecutors, 42-year-old Jian Wen converted cryptocurrency into cash, real estate, jewelry, and other luxury items. The transactions were conducted for Zhimin Qian, who allegedly […]

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ForkLog 44 25.01.2024

Bitcoin Emerges as a Safe Haven for Chinese Investors Amid Economic Turmoil

Reuters confirms the existence of a thriving underground crypto market in China. Investor interest in digital assets is growing amid economic challenges. Hong Kong has become a gateway for Chinese investors to access cryptocurrencies. Amid the challenges facing China’s economy, local investors are seeking opportunities to purchase cryptocurrency as traditional value preservation tools falter, according […]

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ForkLog 52 22.01.2024

China’s Crypto Traders Evade Ban with Innovative Tactics

Despite Beijing’s 2021 ban on cryptocurrency trading, a thriving underground market for digital assets persists in the country, reports the WSJ. According to the publication, investors are using VPN services, social networks, and in-person transactions. China’s Crypto Market Survives Crackdown Measures taken by authorities throughout 2021 to tighten policies on cryptocurrencies and mining effectively banned […]

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ForkLog 23 29.12.2023

China’s authorities warn against using USDT

The Supreme People's Procuratorate of China issued a notification in which it deemed the use of USDT in cross-border currency operations illegal.

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ForkLog 10 29.12.2023

Baidu’s Ernie Bot Surpasses 100 Million Users in China

Since its launch in August, Baidu's Ernie Bot has attracted more than 100 million users.

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ForkLog 22 12.12.2023

China to roll out digital identification via blockchain platform

The launch of RealDID — a digital identification service from the Blockchain Service Network to provide 'external anonymity' based on blockchain.

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ForkLog 39 13.11.2023

Chinese hackers create a fake Skype app to steal cryptocurrencies

SlowMist researchers uncovered a counterfeit Skype app used by Chinese hackers to steal hundreds of thousands of dollars across various cryptocurrencies.

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ForkLog 11 18.10.2023

Shanghai schoolteacher funds scammer’s Bitcoin purchase with $546,000

A 38-year-old Shanghai schoolteacher fell for a scammer and funded his purchase of the first cryptocurrency to 4 million yuan ($546,000).

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