China | ForkLog

ForkLog 13 18.01.2022

Eight people arrested in China over cryptocurrency fraud case worth nearly $8 million

Chinese police arrested eight people and froze digital assets worth nearly 6 million yuan ($944,643 at current rate) in connection with a fraud case. This is reported by Nikkei Asia.

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ForkLog 19 17.01.2022

China approves rules governing recommendation algorithms

The authorities in the PRC have completed work on a document regulating the use of recommendation algorithms by tech companies. The rules will take effect on 1 March 2022, CNBC reports.

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ForkLog 17 14.01.2022

Media: China to build NFT industry on state-backed BSN blockchain platform

The state-backed Chinese blockchain platform Blockchain Services Network (BSN) plans to deploy infrastructure to support NFT not tied to cryptocurrencies by the end of January 2022, according to SCMP.

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ForkLog 14 12.01.2022

Media: China curbs rivals to the digital yuan in the Olympic Village

China restricted payments using the Alipay and WeChat payment systems in the Olympic Village, where the digital yuan is being tested.

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ForkLog 19 10.01.2022

Media: Mobile wallet for the digital yuan tops app-store charts

In the first week after launch, the pilot version of the mobile wallet for using the digital yuan topped the rankings of mobile apps in China.

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ForkLog 22 05.01.2022

Media: App Store and Google Play add mobile wallet for the digital yuan

China's authorities launched a pilot version of a mobile wallet for the digital yuan. The app is already available in the App Store and Google Play app stores.

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ForkLog 13 28.12.2021

Media: Chinese investors have not abandoned Bitcoin after tougher regulation

Chinese investors have not abandoned cryptocurrencies despite tighter regulation and the exit of two major platforms—Binance and Huobi—from the country. The South China Morning Post (SCMP) reports this.

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ForkLog 27 27.12.2021

China develops the world’s first AI prosecutor

Chinese researchers have developed an algorithm that can indict people for offenses using artificial intelligence. The AI prosecutor can press charges with 97% accuracy based on an oral description of the case.

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ForkLog 9 21.12.2021

Media: 20% of Bitcoin mining capacity remains in China

After the mining ban in China, local Bitcoin miners still generate up to 20% of the network's total hashrate. CNBC reports, citing experts.

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ForkLog 10 17.12.2021

China bars video platforms from posting videos about cryptocurrencies and mining

The China Netcasting Services Association (CNSA) banned its members from posting content promoting the trading of cryptocurrencies and mining. The restrictions primarily affect short-video services such as Douyin (the Chinese equivalent of TikTok).

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ForkLog 19 16.12.2021

Chinese court rejects claim for 278 BTC over ‘anti-social’ contract

A Beijing court found the bitcoin mining contract invalid and rejected the plaintiff's request for the defendant to pay 278 BTC, according to the court ruling.

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ForkLog 15 15.12.2021

Media: Alibaba and Huawei plan to enter the metaverse market

Alibaba registered in Beijing a subsidiary Yuanjing Shengsheng, which will test the gaming potential of the metaverse.

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