How do I remove the "Posted on August 1, 2013 by admin"?
One way to remove that would be to use the following custom CSS:
As well, how do I edit the line that says "This entry was posted in Stone Carvings and tagged Cheng Nai, teapots. Bookmark the permalink"
I checked http://dynastyorientarts.com/ and I found that site is setup using WordPress software, but it is not hosted here at WordPress.com. See http://support.wordpress.com/com-vs-org/ to learn about the differences.
Since you have a self-hosted WordPress.org blog, you can make a change to the underlying HTML for theme files by using what is called a child theme. Here is a support page where you can learn more:
If you have questions about child themes, ask at http://wordpress.org/support/
If you have questions about the PinBlack theme specifically, try asking at
If you need to hire help with customizations, we recommend contacting a consulting company via http://en.support.wordpress.com/customize-my-site/request-theme-customization/