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China Pushes Metaverse Standardization Group to Establish the Rules of the Yuanverse
23.1.2024
The government of China has announced the creation of a metaverse standardization working group to establish different rules to govern the Chinese Yuanverse platform. The standardization group will be integrated by Chinese universities, government institutions, and companies like Tencent, Huawei...
China AI chip market finds expansion paths despite US export restrictions
9.11.2023
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
Baidu unveils Ernie 4.0 AI system, says overall performance ‘on par with ChatGPT’
17.10.2023
The Chinese megacorporation claims its newest model rivals OpenAI’s popular model in generating text, images, and video
Baidu CEO Robin Li says more than 70 AI models already released in China
5.9.2023
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
Bitcoin Miner Iris Energy Dives into Generative AI, Investing $10M in Nvidia GPUs Amidst Soaring Demand
31.8.2023
On August 29, the publicly traded bitcoin mining entity, Iris Energy, revealed its acquisition of 248 Nvidia H100 graphics processing units (GPUs) at a cost of $10 million. While the company emphasized that its primary focus remains on BTC mining, it views generative artificial intelligence (AI)...
China's Baidu and other tech companies release ChatGPT-like AI chatbots
31.8.2023
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
Report: Nearly 13,000 Chinese Social Media Accounts Promoting Virtual Currency Closed
10.8.2022
Nearly 13,000 Chinese social media accounts that allegedly promoted virtual currency investments were closed, the Cyberspace Administration of China recently revealed. In addition, some 51,000 social media posts with content relating to the marketing or promotion of investments in virtual...
Singapore Mulls New Crypto Rules, KuCoin Denies Rumors, Meta Closes Novi + More News
4.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Singapore Mulls New Crypto Rules, KuCoin Denies Rumors, Meta Closes Novi + More News
Chinese Indexes Company Launches Hang Seng Metaverse Index
26.5.2022
A Chinese indexes company, Hang Seng Indexes, has launched a new index which tracks the performance of metaverse-related companies in mainland China. The index is calculated and disseminated in real-time at two-second intervals, the company said. Rising Popularity of the Metaverse Hang Seng Indexes...
Near Foundation Raises $150 Million to Bolster Web3 Adoption
14.1.2022
On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than...
Baidu metaverse app would take 6 years for a full launch, VP says
24.12.2021
Baidu’s metaverse app will not support digital currencies or NFTs despite its focus on digital infrastructure, VP said
Chinese Tech Giants Ready Metaverse, NFT Moves Despite Regulatory Scrutiny
21.12.2021
China’s tech giants are hopeful of launching metaverse and non-fungible token (NFT) businesses despite suffering a torrid year at the hands of the country’s vehemently anti-crypto government. Heavy-hitters including JD.com and Alibaba have laid out plans that involve metaverse and NFTs, although...
Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners
11.6.2021
Xinjiang crypto miners forced to shut down, Antpool hash rates drop by 30%, and Baidu and Weibo try to scrub crypto players from their platforms
Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars
10.2.2021
Baidu is reportedly planning to commercialize its chip technology by setting up a dedicated subsidiary backed by crypto-friendly venture capital firms
China's Cyberspace Regulators Approve 224 Blockchain Ventures
29.4.2020
Over 200 blockchain projects have been approved by China’s cyberspace regulators
Baidu-Owned Video Streaming Giant iQiyi Taps Public Blockchain for Performance Boost
14.4.2020
iQiyi hopes the new deal will bring improved video buffering speeds through NKN's distributed blockchain infrastructure
‘Buy Bitcoin’ Searches Skyrocket, Exchange Volumes Spike, Crypto Account Signups Swell 83% As Coronavirus Fears Heighten
22.3.2020
Exchange data and statistics from Google Trends, Twitter, and Baidu show that despite the recent price drop people are looking to buy bitcoin. During the week of the crypto market massacre that started on March 12, Coinbase broke traffic records and witnessed considerable trade volumes. Similarly...
Baidu Employee Jailed for Mining Monero Worth $14K on Company Servers
16.3.2020
A Baidu employee who mined Monero on company servers is jailed for three years
Baidu Employee Jailed for Mining Crypto on 200 Company Servers
16.3.2020
The search engine developer downloaded monero mining scripts onto 200 of Baidu's servers
Blockchain, not Bitcoin: China’s BTC Volume on LocalBitcoins Hits 2-Year Low
27.1.2020
China’s Bitcoin trading volumes hit a two-year low despite president’s call to open doors to blockchain technology