Residents of Shanghai are using the blockchain space to preserve the memories of the latest Covid-19 lockdown. By deploying NFTs, they are minting videos, photos, and digital artworks and storing them on immutable blockchain networks to prevent them from being deleted. The Covid-19 exper...
Over ten people have been arrested in Shanghai, China for their involvement in a pyramid scheme operated using cryptocurrencies. The arrest was the end product of an investigation carried out by the Shanghai Public Security Bureau and the Yangpu Public Security Bureau. According to repo...
There is a clear objective across some major cities in China towards the adoption of the Metaverse. Down to the grassroots, local governments are taking the initiative and launching into the emerging tech space mainly for economic development. These efforts are shooting China into the forefron...
Two Chinese top banks have made it possible for two local department stores and one food caterer to become Shanghai’s first retailers to accept China’s digital yuan on a limited scale over the weekend. According to Li Wei, the Brand Director of Shanghai New World, one of the three r...
China has been pushing hard to bring blockchain technology into as many industries as it can. Both state and local governments have been introducing long-term plans to further develop blockchain technology and facilitate the creation of new businesses in the industry. One of the largest fina...
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