[Nov 11, 2023 5:30 PM] Economist Peter Schiff has warned that a complete separation of the Chinese and U.S. economies would be “a disaster for America, but a boon for China.” He explained: “Americans would be stuck with fewer goods and higher prices, while the…
[Nov 10, 2023 3:27 PM] Dtcpay, formerly Digital Treasures Center, is MAS-registered and already provides some point-of-sale and online crypto payment services.
[Nov 10, 2023 5:44 AM] The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data.
[Nov 9, 2023 7:50 AM] The U.S. imposed export restrictions of high-level AI chips to China last October, though Chinese companies are now finding new options to develop their technology.
[Nov 9, 2023 4:23 AM] Xi Jinping addressed the World Internet Conference Summit, saying there is a need to “deepen” exchanges and cooperation on an international level on AI challenges and cyberspace development.
[Nov 8, 2023 4:20 PM] Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.
[Nov 7, 2023 4:30 AM] The People’s Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, this would help…
[Nov 6, 2023 4:39 AM] The intent behind the tokenization of SFC-authorized investment products is tied to rising market demand and the government’s willingness to facilitate market development.
[Nov 3, 2023 5:07 AM] The second day of the U.K. AI summit featured a one-on-one talk between Prime Minister Rishi Sunak and Elon Musk, who discussed the future of the job market, China and AI as a “magic genie.”
[Nov 1, 2023 8:08 AM] The U.K. AI Safety Summit concluded its first day with a common declaration, the U.S. announcing an AI safety institute, China willing to communicate on AI safety, and comments from Elon Musk.
[Nov 1, 2023 7:18 AM] During the test, HSBC was connected to the blockchain platform developed by Ant Group and supported by Ant Group’s banking partners.
[Oct 31, 2023 2:15 PM] Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is.
[Oct 30, 2023 7:00 PM] Luke Bryoles, a Bitcoin advocate who thinks the world’s most valuable network will save people’s energy, is bullish. On October 30, Bryoles said the coin could rally to $3 million, and all it needs is to be “100X from…
[Oct 27, 2023 9:51 AM] When crypto mining is discussed in the U.S. Congress, it's often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this week to…
[Oct 23, 2023 10:30 PM] Petrochina, the largest Asian oil and gas producer, has completed a settlement using the Chinese central bank digital currency (CBDC), the digital yuan. The operation, which involved a purchase of 1 million crude barrels through the Shanghai Oil…
[Oct 23, 2023 11:50 AM] CBDC and de-dollarization saw major strides last week with the 1-million barrel deal on the Shanghai Petroleum and Natural Gas Exchange.
[Oct 23, 2023 1:30 AM] The new governor of China’s central bank has promised to stop speculation associated with cryptocurrency transactions in the country. Pan Gongsheng made the vow in a report detailing measures to maintain the stability of the Chinese financial…
[Oct 18, 2023 2:45 AM] The summit scheduled for Nov. 1–2 will place significant emphasis on the potential existential threat that AI represents, a concern shared by several legislators.
[Oct 17, 2023 4:00 PM] China developers are active and willing to build on leading blockchain platforms if statistics from Solana Hyperdrive Hackathon submission details are anything to go by. In an X post on October 17, Matty Taylor, the Head of Growth at the Solana…
[Oct 17, 2023 2:11 PM] The expanded export controls of AI semiconductor chips include a new performance threshold, licensing requirements expansions and a notification requirement, among others.
[Oct 16, 2023 5:30 PM] Several reports say that the major Chinese real estate developer Evergrande’s downfall triggered a bank run in northern China last week. The bank run began after rumors spread that the financial institution, Bank of Cangzhou, allegedly loaned…
[Oct 15, 2023 7:13 AM] The new system, FPA-1200NZ2C, can produce semiconductors matching a 5nm process and scale down to 2nm, surpassing the capabilities of the A17 Pro chip found in Apple's iPhone 15 Pro and Pro Max.
[Oct 14, 2023 3:30 PM] The government in Washington is reportedly considering further limiting China’s access to U.S. processors used in artificial intelligence (AI) applications. The current restrictions, which were introduced last year, allow Chinese companies to…
[Oct 13, 2023 4:30 PM] Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to…
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