China | ForkLog

ForkLog 32 25.09.2024

QCP Capital Sees Potential Cryptocurrency Surge Amid Chinese Stimulus

China is poised to introduce additional stimulus measures, which could bolster the growth of risk assets, including cryptocurrencies, according to QCP Capital. On September 24, the People’s Bank of China (PBOC) announced monetary policy easing, including rate cuts on several instruments and a reduction in reserve requirements. This latest move has freed up approximately 1 […]

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ForkLog 8 24.09.2024

Analysts Note Shift Towards Ethereum Calls Amid Chinese Central Bank Stimulus

The ETH/BTC exchange rate has risen from Friday’s 0.038 to the current 0.0415, with market interest shifting from puts to calls, according to QCP Capital. Experts highlighted that the implied volatility in contracts for the second-largest cryptocurrency by market capitalization exceeds that of Bitcoin by 9%. In their view, this indicates improved sentiment and potentially […]

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ForkLog 33 12.09.2024

China Trails the US in AI Development, Says Former Google China Chief

Chinese AI models lag behind their American counterparts by six to nine months, though their applications are expected to develop much more rapidly. This view was expressed by former Google China head Kai-Fu Lee, according to CNBC. The discussion centers on large language models (LLM), which are trained on vast amounts of data and capable […]

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ForkLog 26 30.08.2024

Chinese Authorities Investigate CoinGecko’s Counterpart Feixiaohao

Chinese police are investigating the cryptocurrency market data aggregator Feixiaohao, a platform akin to CoinGecko. This was reported by journalist Colin Wu. Feixiaohao, the largest simplified Chinese cryptocurrency market data website similar to coingecko, was suspected of being arrested by the Chinese police. The reason is currently unknown and the investigation has lasted for more […]

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ForkLog 14 23.08.2024

Founder of MBI Group Crypto Pyramid Extradited to China

On August 20, Thai law enforcement handed over Zhang Moumou, the founder of the cryptocurrency pyramid scheme MBI Group, to Chinese authorities. This was reported by Chinese media. According to journalists, this marks the first successful extradition of a suspect in economic crimes from Thailand to China. MBI Group had been operational since 2012. Victims […]

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ForkLog 24 21.08.2024

Kunlun Tech Launches AI Platform for Video Creation

Chinese online game publisher Kunlun Tech has introduced an AI-based tool for creating short dramas, according to SCMP. Skyreels, described as the “world’s first platform” for generating videos using artificial intelligence, is built on the company’s proprietary large language models. The platform can generate scripts, characters, plots, storyboards, dialogues, and music to create a short […]

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ForkLog 15 20.08.2024

China Equates Bitcoin Transactions with Money Laundering

China’s Supreme Court has classified transactions involving “virtual assets” as a method of money laundering, enshrining this in law, according to local media. The transfer and conversion of illicit proceeds through digital transactions now fall under provisions prohibiting the “concealment of the source and nature of criminal proceeds and other benefits.” Offenders face fines ranging […]

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ForkLog 17 14.08.2024

Mercedes-Benz Partners with ByteDance for AI Integration

The German automotive giant Mercedes-Benz has formed a partnership with ByteDance’s cloud division, Volcano Engine, to collaborate on artificial intelligence. This was reported by SCMP. The companies have signed a memorandum of strategic cooperation in the fields of big data, large language models (LLM), and artificial intelligence. The deal involves applying the AI technology underlying […]

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ForkLog 44 29.07.2024

Chinese AI Startup Zhipu Unveils Video Generation Model

Startup Zhipu has introduced an artificial intelligence-based model for video generation named Ying, as reported by SCMP. The platform can create six-second videos from prompts and uploaded images in just 30 seconds. Users have the option to adjust the video style and select emotional themes. Example of content generated with Ying. Source: X. At a […]

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ForkLog 17 25.07.2024

Russia Turns to Cryptocurrencies for Cross-Border Payment Solutions

Russian companies are increasingly encountering difficulties in international transactions due to the threat of secondary sanctions against their counterparts. Against this backdrop, cryptocurrencies and payments through intermediaries are gaining popularity, writes Bloomberg. The most significant challenge for Russia involves dealings with China, whose trade with Russia reached a record $240 billion in 2023. In many […]

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ForkLog 19 10.07.2024

China Emerges as Leader in AI Adoption, Study Reveals

China has taken the lead in the adoption of generative artificial intelligence, according to a study by SAS and Coleman Parkes, as reported by Reuters. SAS, a company focused on AI and analytical software development, collaborated with Coleman Parkes, a research firm, to survey 1,600 individuals in executive positions across various industries worldwide. Among Chinese […]

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ForkLog 30 03.07.2024

Chinese Scientists Develop Robot with Lab-Grown Brain

Chinese scientists have developed a robot equipped with an artificially grown brain, capable of learning various tasks. This was reported by SCMP. Researchers from Tianjin and Southern University of Science and Technology have devised a brain-on-chip technology that integrates a brain organoid with a neural interface chip to power the robot and teach it to […]

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