China | ForkLog

ForkLog 16 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.

AI translated

ForkLog 10 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.

AI translated

ForkLog 26 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.

AI translated

ForkLog 15 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.

AI translated

ForkLog 41 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.

AI translated

ForkLog 18 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).

AI translated

ForkLog 28 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).

AI translated

ForkLog 17 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.

AI translated

ForkLog 59 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.

AI translated

ForkLog 16 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.

AI translated

ForkLog 32 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.

AI translated

ForkLog 9 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.

AI translated

#China