China | ForkLog

ForkLog 16 26.09.2023

Chinese court recognises Bitcoin as digital currency

The Shanghai Second Intermediate People's Court recognised the first cryptocurrency as a 'unique and non-reproducible' digital asset, affirming its value under the law.

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ForkLog 11 25.09.2023

China to begin AI-chip production as it skirts U.S. sanctions

Chinese scientists are considering building large-scale facilities for designing semiconductor chips to create artificial intelligence systems.

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ForkLog 12 01.09.2023

Chinese Court Recognizes Cryptocurrency as Legally Protected Property

Under current norms, virtual assets possess economic properties and can be classified as property protected by law. Such a conclusion is contained in a report by the Supreme People's Court of China, writes ODaily.

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ForkLog 9 31.08.2023

Four Chinese Firms Launch ChatGPT-like AI Chatbots

On 30 August, Chinese companies — Baidu, Baichuan Intelligent Technology, SenseTime and Zhipu AI — launched their own AI-powered chatbots after government approval.

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ForkLog 15 22.08.2023

Former Jiangxi official Yi Xiao sentenced to life in prison for corruption and cryptocurrency mining

The court sentenced the former Jiangxi province official Yi Xiao to life imprisonment for corruption and supporting cryptocurrency mining operations.

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ForkLog 10 17.08.2023

Sichuan authorities estimate metaverse market at $34 billion

Authorities in Sichuan Province: by 2025 the metaverse industry could reach 250 billion yuan ($34 billion). The government announced the creation of industrial parks.

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ForkLog 30 16.08.2023

Distinguishing wife from cat: how Chinese AI began

Chapter from journalist Jeffrey Kane's book “The State of the Strict Regime” about how China developed its first AI systems for citizen surveillance.

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ForkLog 17 15.08.2023

Chinese citizen jailed for nine months over USDT purchase

A Chinese citizen was sentenced to nine months in prison for purchasing USDT worth 94,988 yuan (just over $13,000).

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ForkLog 24 15.08.2023

Chinese company accused of orchestrating a Filecoin mining pyramid scheme

The Chinese prosecutor's office accused the Shenzhen Shikongyun mining company, which mines Filecoin (FIL), and its four executives of creating a pyramid scheme, through which they earned 606.9 million yuan (~$83.3 million).

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ForkLog 10 04.08.2023

Hong Kong proposes linking local crypto exchanges with mainland China

Hong Kong legislator Johnny Ng Kit-chong proposed examining the idea of linking licensed digital-asset platforms to Shanghai's exchanges.

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ForkLog 46 02.08.2023

WSJ: Chinese market accounted for 20% of Binance’s trading volume

WSJ: Chinese traders' trading volume on Binance in May 2023 reached $90 billion, accounting for one-fifth of the exchange's total turnover.

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ForkLog 8 20.07.2023

Animoca sees China’s influence on Hong Kong’s crypto-industry decisions

The rapid adoption of cryptocurrencies and Web3 in Hong Kong is a sign of some 'big steps' emanating from mainland China.

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