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Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China
13.9.2023
The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems
More Chinese Firms Paying Workers in Digital Yuan
13.9.2023
More Chinese companies are using the digital yuan to pay their workers, as Beijing looks to spur the adoption of its CBDC.
Per the Huizhou Daily, the latest firm to trial paying staff in CBDC is a state-run bureau, a body that overseas finances at the Zhongkai High-tech Industrial Development...
How senators plan on regulating AI: Law Decoded, Sept. 4–11
11.9.2023
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
10.9.2023
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 government wants to “bury” the United States...
Indonesia Expands De-Dollarization Efforts With National Task Force Formation
9.9.2023
Indonesia’s central bank has established a national task force to expand the use of local currency with partner countries. Malaysia, Thailand, Japan, and China are already trading with Indonesia using local currencies. In addition, Singapore and South Korea have signed cooperation agreements...
AI usage on social media has potential to impact voter sentiment
8.9.2023
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
Hong Kong Widens Testing of China's Digital Yuan to Additional Banks
8.9.2023
Hong Kong has entered the second phase of technical testing for China's digital yuan, expanding the trial to include more Hong Kong banks.
The Hong Kong Monetary Authority (HKMA) and the People's Bank of China have completed initial technical tests for cross-border payments using the digital yuan...
Tencent’s AI leviathan, $83M scam busted, China’s influencer ban: Asia Express
8.9.2023
Tencent builds the largest AI LLM model ever, South Korean authorities bust $83M crypto scam
Ant Group launches a new blockchain brand for Web3 developers
8.9.2023
The new entity, ZAN, will help the mother company shake off its affiliations with Web3 and proceed to the IPO
China’s Social Media Giant Weibo Purges Crypto Content, Bans Users
8.9.2023
The Chinese social media titan Weibo has deleted 80 popular crypto-related accounts and removed “17,000 illegal profit-making-related posts” from its platform.
The firm’s operator Sina says Weibo has some 258 million daily active users.
It thrives in a nation where popular international social...
China Looks to Make ASEAN Digital Yuan Move – CBDC ‘Breakthrough’ Imminent?
8.9.2023
China is planning to showcase its digital yuan to the ASEAN nations, and could seek to make “cross-regional use” of its CBDC in the bloc.
Some of the ASEAN (the Association of Southeast Asian Nations) members are politically aligned with China.
But others are have closer ties...
Tencent unveils ChatGPT rival in China amid continuing US AI chip ban
7.9.2023
Despite heavy government regulations and ongoing struggles with hardware sourcing, Tencent’s large language model has been released for business use in China
Today in Crypto: 80 Massive Crypto Influencers Removed From Weibo, IMF and FSB Jointly Publish Crypto Policy Recommendations, DFINITY Foundation Partners with Lugano
7.9.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: 80 Massive Crypto Influencers Removed From Weibo, IMF and FSB Jointly Publish Crypto Policy...
Peter Schiff Says US Can’t Afford to Decouple From China — Warns of Dollar Collapse
7.9.2023
Economist Peter Schiff has warned that the U.S. cannot afford to decouple from China. “Our entire standard of living rests on the support of China,” he stressed, adding that “If we lose that support, it’s going to collapse.” He also predicted the collapse of the U.S. dollar as the USD loses...
Today in Crypto: SOMA Finance to Offer 'Legally Issued and Compliantly Structured Digital Security', Microsoft Unveils 'Heavy-Metal Quartet' of AI Compilers
6.9.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: SOMA Finance to Offer 'Legally Issued and Compliantly Structured Digital Security', Microsoft Unveils...
China Wants the Digital Yuan to Be Ubiquitous in Retail Payments Arena
6.9.2023
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 QR-based payment codes is part of this move, which...
Report: Huawei’s Kirin Chip May Have Been Accelerated by Bitcoin Mining Orders
6.9.2023
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 Semiconductor Manufacturing International Corp. (SMIC)...
Digital Yuan Will Revolutionize Chinese Retail Payments – Central Bank Exec
6.9.2023
A Chinese central bank chief has claimed the digital yuan will revolutionize the way the nation makes retail payments, and suggested the CBDC could one day “completely replace” cash.
Per Yicai, Mu Changchun, Head of the Digital Currency Research Institute at the People’s Bank of China (PBoC), made...
80 Chinese crypto influencer accounts shut down in latest crackdown
5.9.2023
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
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