China | ForkLog

ForkLog 17 27.06.2022

Co-founder of Chinese blockchain platform calls Bitcoin a Ponzi scheme

Unregulated cryptocurrencies, including Bitcoin, are 'the largest Ponzi scheme in human history'. This view was expressed by Red Date Technology CEO and BSN co-founder He Yifan in his article for The People’s Daily.

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ForkLog 15 21.06.2022

WeChat to block accounts linked to promoting cryptocurrencies and selling NFTs

WeChat, the communications platform owned by the Chinese tech giant Tencent, has banned secondary NFT trading and said it would punish accounts involved in cryptocurrency trading, according to the South China Morning Post.

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ForkLog 10 15.06.2022

China used anti-COVID infrastructure to thwart a protest

The Chinese authorities used the coronavirus-tracking infrastructure to disrupt a protest by bank depositors by turning their health code red.

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ForkLog 14 30.05.2022

Shenzhen to distribute ‘red envelopes’ as part of digital yuan testing

The Shenzhen authorities will conduct another test of the digital yuan (e-CNY). Local media report this.

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ForkLog 20 27.05.2022

STEPN to discontinue service for users in mainland China

The STEPN team said it would close the earning feature for users in mainland China via its Move-to-Earn app.

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ForkLog 15 12.05.2022

Shanghai court recognises Bitcoin as property protected by law

The High Court of Shanghai classified Bitcoin as a virtual asset with economic value protected by law.

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ForkLog 44 28.04.2022

How the social credit system works — China’s digital dystopia

We explain the Chinese social rating system, which provides moral and material benefits to people with a good reputation and turns 'low-ranked' citizens into outcasts.

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ForkLog 11 27.04.2022

Chinese NFT marketplace found liable for issuing a stolen token

A Hangzhou court ruled in favour of the copyright infringement claim against BigVerse, the operator behind the NFTCN platform, according to SCMP.

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ForkLog 14 11.04.2022

China regulator to scrutinise recommendation algorithms of tech giants

The Cyberspace Administration of China will review the operation of recommendation algorithms of tech giants such as ByteDance and Tencent.

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ForkLog 27 08.04.2022

The Paper Dragon: Can the digital yuan become the world’s leading reserve currency

Against the backdrop of dollar inflation and sanctions against Russia, experts are discussing more actively possible changes to the global monetary system. ForkLog has analysed how justified the talk of the 'death' of the dollar is and whether the Chinese yuan, specifically its digital version, could take the place of the main reserve currency.

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ForkLog 12 07.04.2022

WeChat joins the e-CNY testing programme.

The WeChat communication system, owned by the Chinese tech giant Tencent, has joined the testing of the digital yuan. Users of the app in the pilot programme regions can use the instrument as a payment method.

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ForkLog 20 03.04.2022

China to expand digital yuan testing program

The People's Bank of China will expand pilot testing of the digital yuan to an even larger number of cities. The regulator noted the rise in CBDC transactions and the success of the experiment during the 2022 Winter Olympics.

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