Web3 Archives - Pandaily

Bitmain Temporarily Halts Employee Salary Payments

Chinese Crypto mining machine manufacturer Bitmain has reportedly suspended employee payments for September.

Pop Star Jay Chou and China Mobile Ink Collaboration for Development of Metaverse

On May 8th, Taiwanese singer, songwriter, and record producer Jay Chou signed cooperation agreement with state-owned China Mobile in the field of metaverse.

The NBA Playoffs Court Blind Box Releases on Topnod

On April 10th, Topnod, the digital collectibles issuance platform under Ant Group, launched the first variable digital collectible "NBA Playoffs Court Blind Box".

Bilibili Launches An App for Blockchain Platform Upowerchain

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.

The U.S. Commodity Futures Trading Commission Sues Binance Founder CZ

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.

SEC Sues Justin Sun and His Companies Over Crypto Violations

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.

XCMG Group Releases Web3 Exploration Plan

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.

Shenzhen-Based Tagging Launches Social Product Integrating Digital Characters with ChatGPT

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 and Getty Images Partner to Release First Digital Archival Collectibles

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".

Hong Kong Plans to Allow Retail Investors to Trade Cryptocurrencies

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.

Decentralized Social Networking App Damus Removed From Chinese App Store

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.

Hong Kong Monetary Authority Plans to Bring Stablecoins into Scope of Supervision

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.

Chinese Social Media App Xiaohongshu Integrates Conflux as Permissionless Blockchain

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.

Keyrock: Liquidity Makes Blockchain Matter

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.

Alibaba Cloud, HashKey and PlatON to Bring Web3 Global Startup Competition to Four Major Cities

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 to Acquire Majority Stake in “Mole’s World” Developer Taomee

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.

Baidu to Launch XiRang MetaStack, Enabling Metaverse Construction in 40 Days

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.