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“# Baidu metaverse app would take 6 years for a full launch, VP says ” The Chinese internet giant Baidu doesn’t expect to fully launch its XiRang metaverse app soon despite the app’s initial would debut on Monday, according to a senior executive. Baidu vice president Ma Jie believes that it is still “negative six”…
“#Biden quietly signs import ban targeting China Uyghur abuses into law” President Biden signed a major bill targeting China over Beijing’s abuses of Uyghur Muslims off-camera and without media in the room Thursday, forcing press secretary Jen Psaki to deny he did so in order to spare the Chinese government’s feelings. “He signs bills on…
“#Intel apologizes for Xinjiang ban over Muslim abuse complaints” Intel apologized Thursday for asking suppliers to avoid sourcing goods from Xinjiang after the world’s biggest chipmaker joined other foreign brands that face the fury of state media over complaints of abuses by the ruling Communist Party in the mostly Muslim region. Intel’s request was “arrogant…
“# China’s state-run news agency to launch NFT collection ” In an announcement made on Wednesday, China’s official Xinhua News Agency will issue its first series of NFT collectibles. The move is a thumbs up to blockchain technology previously shunned by the People’s Republic of China (PRC). In an official notice, Xinhua plans to publish…
“#Satellite photos reveal worrying antennas in South China Sea” Forests of antennas are popping up across the South China Sea. And they’re further evidence of Beijing’s determination to dominate the strategic international waterway. Metal poles with wires strung between them seem harmless enough. Even a cluster of big satellite dishes isn’t all that uncommon anymore….
“# Chinese companies embark on a metaverse trademark race ” Despite the People’s Bank of China’s (PBOC) warning on metaverse and nonfungible tokens (NFTs) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related trademark applications. In a summit back in November, Gou Wenjun, the PBOC’s AML and Analysis Center Director, warned…
“# The biggest winners and losers of the crypto industry in 2021 ” The cryptocurrency and blockchain industry experienced explosive growth in 2021, particularly in its decentralized finance (DeFi) and nonfungible token (NFT) sectors. The year was also marked by continued price volatility, baffling behavior from China, a grand experiment in Central America, escalating institutional…
“# Beijing court rejects monetary compensation in Bitcoin mining contract plea ” A district court in Beijing has rejected monetary compensation in a Bitcoin (BTC) mining contract plea against a blockchain company. The Chaoyang District People’s Court on Wednesday deemed the Bitcoin mining contract between the plaintiff and the blockchain firm “invalid,” the South China…
“# Data suggests traders view $46,000 as Bitcoin’s final line in the sand ” Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments. When the move occurred, analysts quickly reasoned that Bitcoin’s…
“#WH cut video feed of Taiwanese minister at Biden summit: report” The White House abruptly shut off the video feed of a Taiwanese minister during last week’s Summit for Democracy when she displayed a map indicating Taiwan was independent of China, according to a report on Monday. The image of the presentation by Taiwanese Digital…