Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has lost 60% of its market cap, with the S&P 500 only about 15% from its all-time high.
Chinese city releases policy draft for metaverse industry development
The policies include a series of cash benefits to attract metaverse-related companies to set up shop in the city.
Chinese state media removes video on crypto after Binance CEO calls it ‘big deal’
Although China has maintained a hostile stance against crypto, the recent developments in Hong Kong got many to speculate about its impact on China.
China Central Television airs crypto segment in rare move
CCTV programming has an audience of over 1 billion within mainland China.
Black Market for Worldcoin Credentials Pops Up in China
The startup looking to create a global blockchain-based identification system using iris scans is getting duped by Chinese users.
Layer 1 Blockchain Tenet Partners With Conflux and Qtum for More Exposure in China
The partnerships are aimed at increasing the liquid staking industry’s presence in Chinese markets.
Chinese city launches gov’t-backed metaverse platform
The platform aims to consolidate the resources of academic institutions and enterprises in China, and bolster research efforts in areas related to the metaverse.
CBDCs on the horizon: The current state of CBDC initiatives around the world
Central bank digital currencies gain traction as countries worldwide engage in their development despite skepticism from the crypto community.
Stablecoin survival: Navigating the future amid global de-dollarization
The stablecoins with the largest market cap are pegged to the U.S. dollar, so what risk does de-dollarization pose to stablecoin users?
China state-owned Greenland to apply for Hong Kong virtual asset trading license
The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says.
China’s Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies.
Chinese prosecutors to crack down on ‘pseudo-innovation’ in NFT market
According to public prosecutor, marketing models such as rewards and dynamic rights and interests can easily evolve into illegal pyramid schemes.
China launches national blockchain center to train half a million specialists
The institution will reportedly train more than 500,000 specialists in distributed ledger technology.
State-sponsored Chinese AI firm launches bot service to ‘surpass’ ChatGPT
Chinese tech company iFlytek recently made waves with the launch of its “Spark Model,” an AI system it says will surpass ChatGPT by the end of the year.
China issues first arrest over fake news created with ChatGPT: Report
Alleged fake news poster becomes first person in China arrested for using artificial intelligence platform ChatGPT.
China is developing AI without US chips: Here’s how
U.S. sanctions have limited China’s access to the latest chip technology to develop AI, but local companies are not letting this stop them.
Hong Kong to step in as ‘options are dwindling’ globally — FinTech chair
Neil Tan, Chair of the FinTech Association of Hong Kong, said the opening of the financial industry to digital assets was “just a natural progression.”
BNP Paribas teams up with Bank of China to promote digital yuan usage
The partnership will enable BNP Paribas China’s corporate clients to make payments using the digital yuan through an e-CNY management system.
China’s crypto stance unchanged by moves in Hong Kong, says exec
Crypto developments in Hong Kong do not mean China has softened or will soften its approach to regulating Bitcoin.
BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report
BNP Paribas’ corporate clients will be able to connect to China’s e-CNY through a connection to the Bank of China’s system.