China

China's central bank has announced that all transactions of cryptocurrencies are illegal. "Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning they "seriously endanger the safety of people's assets." Continue Reading →

This morning, the AP is reporting that the Biden administration is blaming China for the massive hack of Microsoft's Exchange server software earlier this year. Continue Reading →

Bitcoin crashed hard this weekend, and the selloff doesn't seem to be turning around too quickly this morning. The crypto markets have been unusually volatile recently, and a contributing factor may be the Chinese government's serious crackdown on bitcoin mining operations. Continue Reading →

President Biden has issued Executive Order on Protecting Americans’ Sensitive Data from Foreign Adversaries, rescinding the previous administration's Executive Orders, which banned TikTok, WeChat, and other Chinese apps including Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Office. Continue Reading →

China's latest bitcoin ban is not a particularly new policy. The country banned bitcoin in 2013 and made ICOs illegal in 2017. This new warning is different because some of China's biggest bitcoin mining operations were immediately impacted. Continue Reading →

Microsoft has confirmed that Chinese hackers were responsible for the attacks it announced on March 2 that exploited vulnerabilities in the standalone version of its Exchange Server mail and calendar software. Continue Reading →

Scaring people may get you ratings, but this piece was pure xenophobic fear-mongering. Shame on you, 60 Minutes. You can now count yourselves as an amplifier of false narratives. Continue Reading →

Earlier this month, a second federal judge blocked the Trump administration's efforts to ban TikTok. On Monday, the Department of Justice appealed the injunction, citing national security concerns and arguing that the video-sharing app could supply personal data from TikTok's 100 million U.S. users to the Chinese government. Continue Reading →

There are many interesting things about the Chinese government investigating "suspected monopolistic conduct." What it tells me is that no matter the political system, big tech scares big government. Continue Reading →

Last week, the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of digital currency. The winners can now download a digital renminbi app to receive the digital yuan and spend it at more than 3,000 merchants in a particular district of Shenzhen. The digital yuan is not a cryptocurrency like bitcoin. Instead, it is issued and controlled by the People’s Bank of China, the country’s central bank. Continue Reading →