The Industrial and Commercial Bank of China Has Launched the Country’s First Digital Yuan Hard Wallet Based on an Account Model
At the 12th China (Guangzhou) International Financial Transactions Expo (hereinafter referred to as the "Gold Fair"), the country's first account model commercial digital RMB hard wallet was successfully issued.
OpenAI CEO backs China to lead AI regulations
OpenAI CEO Sam Altman has stated that China should take a leading role in shaping the regulations around artificial intelligence (AI) to ensure the safety of new systems.
Hong Kong's Greenlight for Digital Asset Trading Not a Sign of China's Crypto Reversal, Says Expert
Hong Kong has approved digital asset trading for retail investors, but this does not necessarily mean that China is opening up to crypto. Despite being a special administrative region of China, the world's second largest economy is not yet ready to embrace crypto.
Blockchain Industry Executives Argue for American Leadership and Better Regulations in House Hearing
Executives from the blockchain industry testified before the U.S. House Energy and Commerce Committee, advocating for the sector to flourish despite recent crackdowns by federal agencies and the White House. The hearing focused on the importance of better regulations to protect consumers and the U.S. markets, and highlighted a report predicting four million blockchain-related jobs in the U.S. by 2030. Republican leaders of the House panel expressed their support for blockchain applications and warned against ceding leadership in emerging technologies to countries like China.
Former Goldman Sachs Chairman: China and India Could Hasten US Dollar Demise
Lord Jim O'Neill, former chairman of Goldman Sachs Asset Management, has stated in an interview with Russian government-funded RT that China and India have the potential to dislodge the US dollar's world reserve currency status. He believes that eventually, the world's most actively used currency will be that of the world's most important economies.
Sequoia Capital to Split into Three Separate Entities for US and Europe, China, and India and Southeast Asia
Sequoia, the largest global brand in venture capital, will be splitting up into three separate firms: Sequoia Capital for the US and Europe, HongShan for China, and Peak XV Partners for India and Southeast Asia.
China's National Blockchain Technology (Energy Field) Innovation Center Established
China's National Blockchain Technology (Energy Field) Innovation Center was officially established at the "Blockchain + Privacy Computing Development Forum" on May 29. This innovation center is the first national industry innovation center established in a key area of the national economy after the National Blockchain Technology Innovation Center was put into operation.
What are the future development trends of China Web 3.0? This whitepaper provides the answer.
On the morning of May 27, 2023, the Beijing Municipal Science and Technology Commission and the Zhongguancun Science and Technology Park Management Committee released the "White Paper on Innovative Development of Beijing's Web 3.0 (2023)" (hereinafter referred to as the "White Paper") during the parallel forum on "Web 3.0: Future Development of the Web Industry" at the Zhongguancun Forum.
Binance CEO Comments on China's White Paper on Web 3.0 Innovation and Development Ahead of Crypto Licensing Launch in Hong Kong; Beijing Municipal Science and Technology Commission to Support Web 3.0 Developments and Research
Binance CEO Changpeng "CZ" Zhao has commented on China's release of a white paper on Web 3.0 innovation and development, which comes just ahead of Hong Kong's launch of the crypto licensing regime on June 1.
China Unveils New 256-Core Blockchain Acceleration Processor with 5x Computing Power
A new 256-core blockchain acceleration processor was unveiled at the 2023 Zhongguancun Forum in China, with performance four to five times better than its predecessor. The processor has the potential to be used in extensive blockchain computing power clusters, facilitating the smooth functioning of the national blockchain computing power network and advancing the country's digital economy. The latest processor generation has notably expedited the blockchain transaction process, incorporating a top-notch streaming data encryption and decryption engine, rendering it the most secure chip currently obtainable. The National Blockchain Technology Innovation Center is set to be launched this month, with the goal of establishing a nationwide blockchain computing power network and developing an accessible and comprehensive national blockchain infrastructure.
