China

January 27, 2025

China’s DeepSeek R1 AI Model Shakes Up Global AI Competition, Challenging Silicon Valley’s Dominance

The unexpected release of DeepSeek R1, an open-source artificial intelligence large-language model developed in China, has upended long-standing assumptions about the global landscape of AI development. […]
December 31, 2024

Chinese Government Denies Involvement in U.S. Treasury Cyberattack Amid Rising Security Threats

The Chinese government has denied any involvement in a cyberattack that breached employee workstations at the U.S. Treasury Department earlier this month. The attack, which allowed […]
December 12, 2024

Bitcoin Ads on Alipay: A Glimpse into China’s Shifting Crypto Landscape

Alipay, China’s largest payment platform with over 1 billion users, has recently made headlines by featuring cryptocurrency-related advertisements on its homepage for users in mainland China. […]
July 15, 2024

China’s Bitcoin Ban: Recent Speculations and Industry Reactions

Recent social media chatter has sparked renewed speculation about China potentially lifting its longstanding Bitcoin ban. As the cryptocurrency community digests these developments, opinions remain divided, […]
May 17, 2024

Hong Kong digital yuan pilot lacks P2P capabilities

Hong Kong has initiated a pilot program for the digital yuan, the central bank digital currency (CBDC) issued by the People’s Bank of China (PBoC).   […]
May 13, 2024

Chinese workers paid in CBDC are cashing it out for real money: Report

China’s digital currency project encounters hurdles as reports suggest that some state employees receiving “e-CNY” or digital yuan are converting it to physical cash due to […]
April 12, 2024

Fraud victims want China to recover $4.3B worth of Bitcoin seized by UK police

Victims of an investment fraud scheme orchestrated by an electronics company in China are seeking to recover $4.3 billion worth of Bitcoin with the assistance of […]
April 01, 2024

Chinese gov’t launches public blockchain infrastructure platform with Conflux Network

The Chinese government has initiated a new public blockchain infrastructure platform spearheaded by Conflux Network. This platform, named the “Ultra-Large Scale Blockchain Infrastructure Platform for the […]
February 27, 2024

Chinese ministry posts warning about fake digital yuan app

An allegedly fake digital yuan app has been uncovered, as reported in a post on WeChat attributed to the Chinese Ministry of Industry and Information Technology. […]

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