11 / 22 Relevant items tagged with #China

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Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges

[Oct 3, 2023 1:44 PM] The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, according to…

SEC continues to delay decisions on crypto ETFs: Law Decoded

[Oct 2, 2023 1:00 PM] The latest delays came two weeks before the second deadline for many applicants.

Chainalysis: Hong Kong and China’s OTC Markets Remain Active Despite Crypto Winter

[Oct 2, 2023 9:57 AM] East Asia represents almost 8.8% of all transactions globally, a report from the research firm says.

Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance

[Sep 28, 2023 1:30 PM] In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in the Chinese yuan. This shift, the economist…

China Allows Visitors to Top Up Digital Yuan Wallets with Visa, Mastercard, Cash

[Sep 28, 2023 5:30 AM] Trying to make the digital yuan more attractive for foreigners, China has added a “recharge before use” feature to its digital currency system. The upgrade will allow visitors from abroad to replenish a digital yuan wallet through the global…

Bitcoin gains legal recognition as digital currency in Shanghai China

[Sep 26, 2023 5:36 AM] A similar report from another Chinese court earlier in September recognized cryptocurrencies as virtual properties protected by law.

US Presidential Candidate Nikki Haley: China Preparing for War and Xi Jinping Intends to Win

[Sep 25, 2023 8:00 PM] U.S. presidential candidate Nikki Haley has warned that China is preparing for war and Chinese President Xi Jinping intends to win. “China is an existential threat. It has spent half a century plotting to defeat us,” she stressed, cautioning that…

mBridge CBDC project preparing for new members, launch of minimum viable product

[Sep 25, 2023 2:19 PM] The project now includes central and commercial banks from China, Hong Kong, Thailand and the UAE. Future new members were not identified.

Digital yuan app adds prepaid Mastercard Visa top-ups for tourists

[Sep 25, 2023 7:01 AM] The e-CNY app now allows tourists to top-up their wallets using Mastercard and Visa payments with a “recharge first and use later” option.

China to build giant AI chip factory to bypass US sanctions: Report

[Sep 25, 2023 6:16 AM] Chinese scientists are reportedly considering constructing massive facilities to manufacture the technology necessary to create AI semiconductor chips locally.

China suffers worst capital flight in years, but could it pump Bitcoin?

[Sep 21, 2023 10:07 PM] China’s capital outflows reached $49 billion in August, its highest in nearly eight years. Analysts are debating whether it could be a boon for Bitcoin and crypto.

Hong Kong politician responds to Vitalik's comments about crypto-friendliness

[Sep 15, 2023 3:43 AM] Johnny Ng of Hong Kong’s Legislative Council said he “sincerely invites” Vitalik Buterin to Hong Kong to better understand the situation regarding its crypto-friendliness.

Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China

[Sep 13, 2023 2:15 PM] The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems.

How senators plan on regulating AI: Law Decoded, Sept. 4–11

[Sep 11, 2023 3:30 PM] Senators Richard Blumenthal and Josh Hawley's framework emphasizes that technology companies cannot rely on liability protections to shield them from legal actions.

RFK Jr on China and Global Economic Battles; 88,200 Millionaires Got Rich With Crypto, Says Report — Week in Review

[Sep 10, 2023 6:00 AM] The first full week of September is in the bag, and there’s nary a shortage of crypto and economic news from across the globe. In this edition of the Bitcoin.com News Week in Review, RFK Jr. says China doesn’t want a war, but the…

AI usage on social media has potential to impact voter sentiment

[Sep 8, 2023 7:41 AM] The U.S. presidential election is nearing and with it comes the employment of technologies like AI on social media platforms to manipulate voter sentiment.

Ant Group launches new blockchain brand for Web3 developers

[Sep 8, 2023 1:45 AM] The new entity, ZAN, will help the parent company shake off its affiliations with Web3 and proceed to the IPO.

Tencent unveils ChatGPT rival in China amid continuing US AI chip ban

[Sep 7, 2023 12:13 PM] Despite heavy government regulations and ongoing struggles with hardware sourcing, Tencent’s large language model has been released for business use in China.

China Wants the Digital Yuan to Be Ubiquitous in Retail Payments Arena

[Sep 6, 2023 3:30 AM] China is pushing for universal national adoption of the digital yuan, with People’s Bank of China’s (PBOC) officials stating the currency should be available for all retail payment scenarios. The recent introduction of a standard for…

Report: Huawei’s Kirin Chip May Have Been Accelerated by Bitcoin Mining Orders

[Sep 5, 2023 11:30 PM] A recent report by The Miner Mag suggests bitcoin mining orders might have sped up Huawei’s development of its new Kirin smartphone chip. The chip, which powers Huawei’s new Mate 60 Pro smartphone, was produced by China’s…

80 Chinese crypto influencer accounts shut down in latest crackdown

[Sep 5, 2023 9:26 AM] The accounts had over 8 million in combined followers before they were removed.

Baidu CEO Robin Li says more than 70 AI models already released in China

[Sep 5, 2023 7:20 AM] The CEO of Chinese tech-giant Baidu said that, since China’s new AI regulations have been in place, over 70 AI models have been released in China with over 1 billion parameters.

Grayscale victory, SEC delays decision on Bitcoin ETFs: Law Decoded

[Sep 4, 2023 2:30 PM] Grayscale victory doesn't help Bitocoin spot ETF approval on first deadline as SEC postpones decison to next deadline.

Bank of China: Platforms must provide digital yuan retail payment option

[Sep 4, 2023 1:07 AM] In the short term, e-commerce platforms can integrate the CBDC through QR codes.

Robert Kennedy Jr: China Doesn’t Want War With US — They Want to ‘Bury’ Us Economically

[Sep 2, 2023 7:30 PM] U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has explained that China does not want a war with the U.S. However, he warned that China wants to “bury” the U.S. economically. “I’m not afraid of the United States competing with…

US regulators deny blocking AI chip exports to Middle East

[Sep 1, 2023 6:40 AM] The U.S. Department of Commerce denied blocking AI chip sales to the Middle East and remained silent about whether the requirements were only imposed on specific countries.

China court declares virtual assets legal properties protected by law: Report

[Sep 1, 2023 5:22 AM] Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights.

US officials extend export curbs on Nvidia AI chip to ‘some Middle Eastern countries’

[Aug 31, 2023 7:04 AM] U.S. regulators have told AI chip maker Nvidia and its rival AMD to curb exports of high-level semiconductor chips used to develop AI to certain Middle Eastern countries.

China’s Baidu and other tech companies release ChatGPT-like AI chatbots

[Aug 31, 2023 3:12 AM] Multiple Chinese tech companies launched their own ChatGPT-like AI chatbots for mass market use two weeks after China’s AI regulations came into force, which requires prior government approval.

Will Evergrande’s collapse have a silver lining for crypto?

[Aug 30, 2023 6:00 AM] This week, The Market Report discusses Grayscale’s victory against the SEC, the impact of Evergrande’s bankruptcy, and what happened to the 16 trillion PEPE tokens reportedly stolen.