Former FTX CEO Sam Bankman-Fried charged for allegedly bribing Chinese officials
U.S. prosecutors today filed a superseding indictment against former FTX CEO Sam Bankman-Fried alleging he bribed Chinese officials.
Read more
China
KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round
Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an offshore Chinese yuan-backed stablecoin project, CNHC. It’s hard to overlook the timing and strategic significance of the tie-up. In a matter of several years, stablecoins have grown from a fringe category into a more than $130 billion market. These digital coins […]
Read more
Founder of troubled crypto asset unicorn Babel launches new DeFi project, stablecoin
Flex Yang, the former CEO and founder of Babel Finance, is leading efforts to restructure the now embattled crypto asset unicorn while introducing a new decentralized project with hopes to avoid some of the flaws of his previous venture. In light of the downfall of centralized crypto services like FTX, Gemini and Babel itself, Yang […]
Read more
As tensions build, Silicon Valley’s Chinese affiliates invest in sensitive space tech
Chinese subsidiaries of U.S. venture capital firms invest in technology that could be sensitive to national security.
Read more
Balloon expert explains the challenges of shooting down China’s suspected spy balloon
Earlier this month, a suspected Chinese spy balloon drifted over much of the continental United States before an F-22 military fighter jet shot it down off the east coast. The event has put a massive strain on the already fragile U.S.-China relations, with China maintaining that the errant balloon was simply collecting weather data. Shooting […]
Read more
US House bans TikTok on lawmakers’ official phones
The U.S. House of Representatives has ordered its staff and lawmakers to delete TikTok from any government-issued mobile devices due to “security issues” with the popular video-sharing app. The order to delete the app was issued by Catherine Szpindor, the chief administrative officer of the House, whose office warned in August that the app represented […]
Read more
NSA says Chinese hackers are exploiting a zero-day bug in popular networking gear
The U.S. National Security Agency is warning that Chinese government-backed hackers are exploiting a zero-day vulnerability in two widely used Citrix networking products to gain access to targeted networks. The flaw, tracked as CVE-2022-27518, affects Citrix ADC, an application delivery controller, and Citrix Gateway, a remote access tool, and are both popular in enterprise networks. […]
Read more
Amnesty Canada says it was targeted by Chinese state-sponsored hackers
The Canadian branch of Amnesty International has confirmed it was the target of a “sophisticated” cyberattack carried out by Chinese state-sponsored hackers. The human rights organization said it first detected the breach on October 5, when suspicious activity was discovered on Amnesty’s IT infrastructure. An investigation by forensic investigators and cybersecurity experts was immediately launched, […]
Read more
US government bans Huawei, ZTE, and Hikvision tech over ‘unacceptable’ spying fears
The U.S. government said it is banning telecommunications and video surveillance equipment from several prominent Chinese brands in an effort to protect the nation’s communications network. The Federal Communications Commission (FCC) voted unanimously on Friday to expand its ban on the sale and import of Chinese technology from firms that pose an “unacceptable risk to […]
Read more
WeWork China’s former tech head introduces on-demand work pods for mental health
At a time when China’s zero-COVID policy continues to interrupt offline work and face-to-face interactions, Dominic Penaloza, the former head of innovation and technology at WeWork China, is introducing a bold idea — on-demand work booths placed in public locations — and has managed to quickly raise capital for the business. Penaloza named his new […]
Read more