Nearly 490,000 vendors in China’s Changsha now accept digital yuan payments, the city’s government has claimed as the nation’s CBDC pilot continues. Per the Changsha Evening News (via Huasheng Online), this year has seen Changsha expand its digital yuan use-case scenarios “into key areas such as government services, public transportation, inclusive finance, and rural revitalization…
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Shenzhen, China, is readying a new digital yuan giveaway as the city looks to showcase the CBDC at a range of upcoming sporting events. Per Shanghai Securities News, the city is set to hand out e-CNY tokens to some 50,000 citizens as part of its latest adoption drive. The coins will be distributed via airdrops…
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The Chinese fintech giant Ant Group is in the process of withdrawing its investment from the $100 million A&T Capital fund that was set up to invest in offshore crypto projects, Bloomberg reported today. A&T played a central role in Ant Group’s foray into crypto space. A&T Capital has invested in several crypto startups, including…
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The Chinese central bank has updated its digital yuan app, adding new CBDC-powered features, “service” options, and utilities bill payment functions. The central People’s Bank of China (PBoC) released its mobile app in early 2022. It followed up with a major update at the end of last year. Per Shanghai Securities News, the bank’s latest…
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Beijing is getting bullish about the cross-border use of the digital yuan – with Chinese experts now talking about BRI/“new Silk Road” CBDC integration. Per the Chinese Securities Journal, Li Jianjun, the Vice President of the Central University of Finance and Economics, spoke about the e-CNY’s role in BRI “financial cooperation” this week. Li said…
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The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems. Alibaba announced that its proprietary large language model, an artificial intelligence system called Tongyi Qianwen, will be available for public and enterprise access throughout China starting Sept. 13. Tongyi Qianwen is a ChatGPT-like large language model trained on a corpus…
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Senators Richard Blumenthal and Josh Hawley’s framework emphasizes that technology companies cannot rely on liability protections to shield them from legal actions. Last week, two United States senators unveiled a bipartisan blueprint for artificial intelligence (AI) legislation. The framework put forward by Senators Richard Blumenthal and Josh Hawley advocates for mandatory licensing for AI firms…
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The first full week of September is in the bag, and there’s nary a shortage of crypto and economic news from across the globe. In this edition of the Bitcoin.com News Week in Review, RFK Jr. says China doesn’t want a war, but the government wants to “bury” the United States economically. In other news,…
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The U.S. presidential election is nearing, and with it comes the use of tech like AI on social media platforms to manipulate voter sentiment. The use of artificial intelligence (AI) in social media has been targeted as a potential threat to impact or sway voter sentiment in the upcoming 2024 presidential elections in the United…
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The Chinese social media titan Weibo has deleted 80 popular crypto-related accounts and removed “17,000 illegal profit-making-related posts” from its platform. The firm’s operator Sina says Weibo has some 258 million daily active users. It thrives in a nation where popular international social media platforms like Twitter, Facebook, Reddit, and Instagram have been blocked…. Read…
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