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China’s security agency warned that biometric data collection by crypto firms, including iris scans, may endanger personal privacy and be exploited for espionage. China warned of the increasing use of biometric data by crypto-linked projects, cautioning that iris-scanning programs operating under the guise of digital asset distribution may threaten personal privacy and even national security….
Three months into its full Bitcoin mining pivot, Chinese company Cango mined 450 BTC in July. Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped up crypto production, indicating that its acquisition of Bitmain mining rigs is enhancing its capacity amid intensifying industry competition….
China’s plan to liquidate confiscated crypto through Hong Kong exchanges isn’t simply a policy — it’s to control global digital asset markets and outmaneuver the US. Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association Last week’s announcement of Hong Kong’s LEAP Digital Assets Policy Statement 2.0 was made with much anticipation and…
ETH price corrected at the weekly open, but futures data pinpoints the possibility of a breakout to $5,000. Key takeaways: ETH futures and options data show no signs of defensive positioning despite Ether’s 7-month price high. Ether ETF inflows and corporate holdings signal growing conviction from institutional investors. Read more If you liked the article,…
Security researchers say hackers have breached at least 400 organizations by exploiting a zero-day vulnerability in Microsoft SharePoint, signalling a sharp rise in the number of detected compromises since the bug was discovered last week. Eye Security, a Dutch cybersecurity firm that first identified the vulnerability in SharePoint, a popular server software that companies use…
Security researchers say Chinese authorities are using a new type of malware to extract data from seized phones, allowing them to obtain text messages — including from chat apps such as Signal — images, location histories, audio recordings, contacts, and more. On Wednesday, mobile cybersecurity company Lookout published a new report — shared exclusively with…
The Shanghai Grand Opera House, designed by Snøhetta in collaboration with ECADI, is poised to become a striking new landmark along the banks of the Huangpu River in the Expo Houtan neighborhood. This forward-thinking venue embraces an ecological, low-carbon ethos at every turn, making it not only a marvel of architectural design but also a…
Kanye “Ye” West’s return to live performance is off to a rocky start. The errant rapper, producer and mogul’s concert in Shanghai, China on Friday night was beset by technical problems, terrible weather and thousands of people chanting for a refund after he began the show over 40 minutes late. Ye, who rarely plays live…
Hong Kong prepares third batch of tokenized bonds and unveils a sweeping digital asset strategy to solidify its role as Asia’s crypto finance leader. Hong Kong plans to expand its tokenized bond program, as the government prepares a third batch of tokenized green bonds and signals intentions to make such issuances a regular feature of…
JD.com and Ant Group are reportedly lobbying Chinese regulators to launch yuan-based stablecoins to boost the currency’s global role and counter US dollar-pegged tokens. China’s e-commerce heavyweight JD.com and Ant Group, the fintech arm of Alibaba, are lobbying the People’s Bank of China (PBOC) to greenlight Chinese yuan-based stablecoins to counter the global rise of…