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IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo on Nov. 27. According to the company, this marks the arrival of the first “utility-scale” quantum system in the region.[Article] The University of Tokyo Completes Installation of 127-Qubit IBM Quantum Eagle Processorhttps://t.co/TrFAnEQ3wq— UTokyo |
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Nvidia is also working on two other chips, the L20 and L2, for the Chinese market. According to the Reuters report, one of the chips, L20, is not facing delays and is expected to launch according to the original schedule. Nvidia Corp (NASDAQ: NVDA), the California-based AI chip giant, has notified
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Hot week for Hong Kong exchanges Hashkey Exchange — one of the first regulated crypto exchanges in Hong Kong — has announced insurance coverage for clients
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Dairy Queen is partnering with local nonfungible token project Weirdo Ghost Gang (WGG) to create a pop-up NFT store in Chengdu, China.According to a press release seen by Cryptox, the “Ice and Snow Season” themed pop-up store is scheduled to run from Nov. 15 to Dec. 31 and will feature
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The Chinese government has officially declared that the theft of digital collections, including NFTs, will be legally treated as property theft, signifying a significant shift in the nation’s approach to digital asset regulation. On Nov. 10, the Chinese government issued a significant statement regarding the legal status of digital collections, including
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The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences.It outlines three views on the type of crime that theft of digital collections falls under, the first two classifying it as either data or
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The Chinese artificial intelligence (AI) chip market has been subject to ongoing export restrictions which imposed by the United States from October 2022, which prohibited the sale of certain U.S. products to China. The U.S. initially blocked the export of the highest level of chips produced by companies like Nvidia and
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China-based BTC Digital announced the purchase of 220 new Bitcoin (BTC) mining units on Nov. 3, bringing its total number of machines to 2,174, with over 230PH/s of computing power. The new acquisitions are expected to become operational by the end of the month.The deal was made with “two unaffiliated
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Chinese official reveals details of its blockchain system for Currency Bridge, enabling atomic and cross-border payments with simultaneous forex settlement. During a key session at the FinTech Symposium in Hong Kong’s Science and Technology Week, the lead of the Digital Currency Institute of the People’s Bank of China Mu Changchun detailed
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