China | ForkLog

ForkLog 13 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 8 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 26 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 16 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 18 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 7 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 33 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 5 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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ForkLog 20 12.07.2023

Chinese bank begins testing offline payments for the digital yuan

One of China's largest state-owned banks, Bank of China, is testing a new offline method for paying with the digital yuan (e-CNY) linked to SIM cards.

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ForkLog 7 11.07.2023

Circle CEO doubts China’s embrace of cryptocurrencies

Circle CEO Jeremy Allaire, who runs the USDC issuer, harbours no illusions about the emergence of a crypto market in China, but is optimistic about Hong Kong.

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ForkLog 7 11.07.2023

Senator urges DOJ and SEC to probe Prometheum, the crypto broker

American Republican Senator Tom Tuberville urged the Department of Justice and the SEC to study Prometheum’s activities — a broker in the digital-asset space.

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ForkLog 9 05.07.2023

Jinan Adopts Digital Yuan for Transit Fares

Authorities in the Chinese city of Jinan implemented digital yuan fare payments on all bus routes and launched a CBDC incentive program.

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