Tag: Newspaper

Chinese government-owned newspaper to launch NFT platform

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China Daily, an English-language newspaper owned by the Publicity Department of the Chinese Communist Party, wants to create its very own metaverse and nonfungible tokens (NFTs) platform. According to a recent announcement, China Daily is awarding 2.813 million Yuan ($390,000) to a third-party contractor that can design the NFT platform within its budget specifications. The contractor can be “either a Chinese or foreign” firm specializing in blockchain, China Daily wrote. In addition, the mainnet of the blockchain firm that wins the contract must be capable of handling upwards of 10,000…

German newspaper giant to axe old-school editorial staff for AI

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German tabloid company Bild is planning to replace a swath of its editorial staff with artificial intelligence and “automated processes” — the latest example of AI deployment at the cost of human workers. According to a June 21 report from The Guardian, Bild’s parent publishing firm Axel Springer SE said the move is part of a pivot from print towards digital journalism, paired with a $109 million (100 million Euros) earnings-boosting plan. The newspaper would “unfortunately be parting ways with colleagues who have tasks that in the digital world are performed by…

Irish newspaper apologizes for misleading AI-generated article

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An Irish daily newspaper apologized to its readers after it unknowingly published an article by a guest writer who had used artificial intelligence (AI) to pen the piece and their identity. In a statement from the Irish Times on May 14, the publication said it was a victim of “a deliberate and coordinated deception.” The editor of the publication, Ruadhán Mac Cormaic, acknowledged the need for stronger pre-publication controls and that: “It has also underlined one of the challenges raised by generative AI for news organisations.” The piece was initially…

Criticism Against the New York Times Mounts as Newspaper Is Accused of Killing 59 Million Trees Annually – Bitcoin News

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After the New York Times (NYT) published an editorial about bitcoin mining, claiming the industry is harmful to the environment, an organization called Stop the Presses took issue with the Times’ paper usage. Stop the Presses launched a social media campaign against the NYT’s newspaper production. The organization’s website, nytimesup.org, alleges that the company “kills approximately 59 million trees per year.” Activists Blast New York Times Over Physical Newspaper Print Production On April 10, 2023, the New York Times faced criticism for publishing a one-sided “hit piece” on bitcoin mining.…

State-Run Chinese Newspaper Economic Daily Warns Against ‘Betting Big’ on the Metaverse – Metaverse Bitcoin News

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Economic Daily, an economic newspaper run by the Chinese state, has published an article noting problems with investing in the metaverse. The article says that metaverse investments might not be suitable for all regions of the country, comparing the trend to the explosion of new green energies not long ago. Economic Daily Warns of Metaverse Euphoria While the metaverse has become a hot topic after the Covid-19 pandemic, some have been criticizing the euphoria surrounding it. Economic Daily, a state-run newspaper in China, has dedicated a whole article to warning…

Soaring Crypto Investment Calls for Regulation: India’s Top Finance Newspaper

The Economic Times, one of India’s top finance newspaper, dedicated its entire front page to call on the government to provide regulatory guidance to the crypto industry. The Indian government has been sitting on a crypto regulation bill for at least a year. Meanwhile, since the Supreme Court lifted the Reserve Bank of India’s two-year banking ban on crypto exchanges in March 2020, investment in crypto has soared. Tens of millions of Indians have invested $80 billion (INR 6 trillion) in crypto, the newspaper wrote. Given…

A major Chinese bitcoin mining hub is shutting down its cryptocurrency

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io GUANGZHOU, China — China’s Inner Mongolia region plans to ban new cryptocurrency mining projects and shut down existing activity in a bid to cut down on energy-consumption. Bitcoin is based on a decentralized network, which means it’s not issued by a single entity like a central bank. Transactions, recorded on a public ledger called the blockchain, need to be “verified” by miners. These miners run purpose-built computers to solve complex mathematical puzzles that effectively allow a bitcoin transaction to happen. The miners…

‘Bitcoin Will Never Ditch You’ Ad Dominates Front Page of Major Hong Kong Newspaper

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The number of bitcoin ads appearing in major newspapers is growing. The front page of Apple Daily, a major newspaper in Hong Kong, featured a “Bitcoin will never ditch you” ad this week. Bitcoin ads also recently appeared in leading Indian newspaper The Economic Times, the Financial Times, as well as on TV. Bitcoin Ads in Major Newspapers Bitcoin appeared on the entire front page of the Apple Daily newspaper in Hong Kong on Monday. Apple Daily was founded in 1995 by media tycoon Jimmy Lai, who was arrested on…

China’s Military Newspaper Suggests Soldiers to be Rewarded in Cryptocurrency

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Thanks to President Xi Jinping’s recent game-changing comments about blockchain, the official newspaper of the People’s Liberation Army (PLA), PLA Daily, appears to be poised to see military personnel paid and encouraged in cryptocurrencies as opposed to the Yuan. According to a pro-crypto write-up published by the PLA’s paper, the technology should not be exclusive to civilians. There are a ton of use cases that the technology can offer the military sector. The article opines: “Just as the civilian logistics industry has adopted blockchain to trace and track food supply…

VeChain Price Surges 120% After Chinese Newspaper Mentions the Crypto

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China’s largest newspaper refers to crypto asset VeChain as integral in the “From French Farms to Chinese Plates” food safety initiative. In a continuation of pro-blockchain sentiment, the People’s Daily publicize how blockchain is helping to restore consumer confidence in China’s food industry. Food Scandals In China The Chinese food industry is suffering a crisis of confidence. And scandal after scandal continues to highlight the weak controls in place that fail to protect the public. Perhaps the most internationally recognized story relates to melamine found in baby milk powders in…