Hong Kong has set its sights on decentralized finance (DeFi) and metaverse technologies. Government-backed studies by the Hong Kong Institute for Monetary and Financial Research (HKIMR) highlight these areas as
China
China's biggest payments app, Alipay, is making waves with its newest feature: an AI-powered "hair loss detector." Nestled within Alipay's "Medical Assistant" mini-app, this tool leverages artificial intelligence to analyze
Nitin3 weeks ago
Hong Kong's pilot program for the digital yuan, China's central bank digital currency (e-CNY), has launched, marking a significant step in the international exploration of CBDCs. However, a key limitation
Nitin1 month ago
Chinese authorities have cracked down on a significant underground banking operation involving the popular stablecoin Tether (USDT), according to reports. The racket is estimated to have moved a staggering $1.9
Nitin2 months ago
The White House announced on May 13th, 2024, that President Biden has ordered the removal of a Chinese-owned cryptocurrency mining facility located near a sensitive military base in Wyoming. The
Nitin2 months ago
A pilot program in China is facing a hurdle: some workers paid in the country's Central Bank Digital Currency (CBDC) are converting it back to regular cash as soon as
Nitin2 months ago
A new generation of artificial intelligence (AI) companies is emerging in China, challenging the dominance of established players like OpenAI. These Chinese "AI unicorns," valued at over $1 billion, are
Nitin2 months ago
Fund issuers and industry experts are buzzing with the potential of Hong Kong's newly launched cryptocurrency exchange-traded funds (ETFs) to become a gateway for mainland Chinese investors. These innovative financial
Nitin2 months ago
Yao Qian is reportedly under investigation by the government for suspected violations of the law. Yao, known as the "Crypto Dad" for his pioneering role in developing China's Central Bank
Nitin2 months ago
Chinese universities and research institutes have managed to acquire high-end artificial intelligence (AI) chips from Nvidia despite the US expanding a ban on such technology sales to China last year.
Tanishka2 months ago
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