Chinese Crypto mining machine manufacturer Bitmain has reportedly suspended employee payments for September.
On May 8th, Taiwanese singer, songwriter, and record producer Jay Chou signed cooperation agreement with state-owned China Mobile in the field of metaverse.
On April 10th, Topnod, the digital collectibles issuance platform under Ant Group, launched the first variable digital collectible "NBA Playoffs Court Blind Box".
Bilibili, a Chinese company that specializes in video streaming and mobile gaming, has recently released a new app for its blockchain platform called Upowerchain. This app enables users to view digital collections, search for on-chain addresses and access asset information.
On March 28th Beijing time, the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against CZ, the founder of cryptocurrency exchange Binance, accusing the company of intentionally providing unregistered cryptocurrency derivative products in the United States in violation of federal laws.
On March 22, SEC filed a formal lawsuit against Justin Sun, the founder of Tron, as well as three of his wholly-owned companies. The charges against them include accusations of selling securities illegally, engaging in fraud, and manipulating the market.
Following along with the concepts of Metaverse and Web3, Xuzhou Construction Machinery Group (XCMG ) announced the Bored Ape NFT series number #3489 as its ambassador at the construction machinery exhibition at the Las Vegas Metaverse, and released its Web3 exploration linkage plan.
Tagging, a Chinese metaverse social application developer, released an app based on ChatGPT technology - Tagging X GPT-3, which combines tags and digital characters.
Candy Digital, the next-generation digital collectible company, and Getty Images, a preeminent global visual content creator and marketplace, announced on March 7 a partnership titled "Exposure: by Getty Images & Candy".
On February 20, the Hong Kong Securities and Futures Commission proposed new rules that would let retail investors trade certain "large-cap" cryptocurrencies on licensed exchanges. This move comes in contrast to mainland China's strict crackdown on crypto trading.
Damus, a social networking product based on decentralized protocol Nostr, announced via Twitter on February 3 that, according to the requirements of the Cyberspace Administration of China (CAC), it would be removed from domestic app stores.
On January 31, the Hong Kong Monetary Authority (HKMA) stated that it would give priority to the supervision of stablecoins. The major global financial centre is striving to become a virtual asset center.
With more than 200 million monthly active users, Xiaohongshu, a Chinese lifestyle-based social media platform, has integrated Conflux Network as a permissionless blockchain within the app.
Why does blockchain matter? People might have different answers to this question. To Kevin de Patoul, the co-founder of Keyrock, a digital-asset market maker, blockchain enables the market to provide liquidity on a broader scale of asset types.
Digital asset financial services group HashKey Digital Asset Group, along with its partners, public cloud IaaS service provider Alibaba Cloud and internet infrastructure protocol PlatON, will co-host HAPathon 2023, a Web3 global startup competition.
MultiMetaVerse, an animation and entertainment company serving young consumers in China, announced on January 12 that it has entered into a non-binding letter of intent with Orient TM Ruibo to acquire a 72.81% equity stake in Taomee, an interactive entertainment group.
Ma Jie, the vice president of Baidu, said on January 4 that the tech giant is set to unveil a metaverse solution called XiRang MetaStack. The solution enables the creation of an independent metaverse in only 40 days, which would have otherwise taken from six months to a year to complete.
Cryptocurrency exchange firm Huobi, which oversees a continuously running platform without a single security breach in 10 years of operations, has set a goal of reaching 100 million users by the end of 2023.
China's first national-level secondary trading platform for digital assets will be launched on January 1 of the new year, aimed at supporting the trade of intellectual property rights, digital copyright and digital collections.
Taobao, an e-commerce platform owned by Alibaba, is conducting final tests before launching its first metaverse livestreaming product.