Read More

China’s Chengdu Future City Among Major Global Metaverse-Inspired Projects

Aug 4, 2022

The Metaverse is a growing phenomenon with many new entrants adopting the technology as the days go by. Creating metaverse projects cuts across different categories of developers, especially since the exponential growth in the awareness of virtual reality that was encouraged by the Covid-19 pand...

Read More

Huawei Cloud: Building the Innovative Infrastructure for Web3 | GWEI 2022 – Singapore

Aug 1, 2022

On July 14, the first “GWEI 2022 – Global Web3 Eco Innovation Summit – Singapore” was held at the Marina Bay Sands Convention and Exhibition Centre in Singapore, co-organized by Singapore’s Singapore University of Social Sciences (SUSS) and SUSS Node for Inclus...

Read More

Insiders Hint on Digital Yuan’s Anonymity to Protect User’s Privacy

Jul 28, 2022

The head of the digital currency research institute (DCRI) the arm of the People’s Bank of China (PBoC) responsible for the development of the digital yuan (e-CNY), has disclosed that China plans to tighten legislation around the digital currency to protect user privacy. Mu Changc...

Read More

Tencent Plans to Completely Shutdown It’s NFT Platform This Week

Jul 20, 2022

The largest internet company in China, Tencent is on the verge of shutting down its NFT platform prematurely. According to sources, the main reason behind this inevitable action is due to the unprofitability of the entity. So far, the platform has suffered from the lingering ban on secondary...

Read More

Metaverse Development to Receive Support From Shanghai as China Targets Economic Recovery

Jul 12, 2022

There are plans in Shanghai to support the Metaverse and other industries within the Chinese technological ecosystem. This deliberate act is aimed at enhancing the revitalization of the Chinese economy which has been ravaged by various factors that include the Covid-19 pandemic, and other eve...

Read More

Alibaba, Tencent and Other Chinese Tech Giants Now Require ID Checks for NFT Purchases

Jul 5, 2022

The NFT space in China is in constant evolution. While users await a proper operational framework that will guide participation in the sector, stakeholders are taking measures that could promote favorable conditions when the final rules are rolled out. On several occasions, tech giants in Ch...

Read More

Yuan’s Global Reserve Currency Push Gains Strength as e-CNY Pilot Continues Across China

Jul 1, 2022

The adoption drive for digital yuan (e-CNY) within China is continuing even as the People's Bank of China (PBoC) steps up its effort to develop a yuan reserve with the Bank for International Settlements (BIS) and five other countries. China says it is teaming up with Indonesia,...

Read More

Huobi Exchange to Layoff Staff Due to Drop in Revenue As a Result of Removing Chinese Users

Jun 28, 2022

Leading cryptocurrency exchange, Huobi is reported to be embarking on a massive layoff exercise that could see it cut down its staff strength by as much as 30%. In an exclusive report by top Chinese crypto journalist, Colin Wu, the layoff exercise is caused by a significant drop in generated r...

Read More

Drug Money Now Flowing Into Crypto, Chinese Anti-Drug Agency Says

Jun 27, 2022

Drug money has started flowing into the cryptocurrency market as trading in these illegal substances expands over the internet, a new Chinese government agency report has said. Attributed to the China Anti-Drug Network, the report says the new phenomenon took off in 2021 and has seen illic...

Read More

Tencent Dives Deeper Into Metaverse by Forming ‘Extended Reality’ Unit

Jun 22, 2022

Tencent, one of China’s leading metaverse campaigners has added a new dimension to its development and propagation of the emerging technology. In a recent development, the establishment announced to its staff an official formation of an “extended reality” (XR) unit. This represents formal s...