Huawei statement dismisses US concerns about security
Huawei is being shunned by the US because of the perception that its hardware could be compromised and used by the Chinese government for espionage. The FCC has blocked US mobile carriers from using federal money to purchase products or services from the company on security grounds, and Huawei is understandably unhappy about this.
The smartphone maker has dismissed security claims as "simply not true" and says that it is "no security threat in any country". The Chinese company says that it is disappointed with the FCC's proposal, pointing out that it would give rural operators -- and, in turn, customers -- fewer options to choose from.
China manipulates vulnerability data to hide intelligence service involvement
It's long been known that the Chinese government has links to hacker groups, but new research into the country's national vulnerability database (CNNVD) reveals evidence of data being changed to hide influence by the country’s intelligence service.
Research by security intelligence specialist Recorded Future back in November finds that CNNVD is faster than the US national vulnerability database (NVD) in reporting vulnerabilities -- NVD trails CNNVD in average time between initial disclosure and database inclusion (33 days versus 13 days).
Apple to store iCloud keys in China, sparking privacy fears
There are only days until Apple begins storing the data of Chinese iCloud users within China, and concern is mounting about the human rights and privacy implications.
A new data center is due to open in China at the end of this month as Apple moves to comply with Chinese authorities. It means that iCloud data such as text messages, photos and emails will be stored in China -- as will the cryptographic keys required to access the data. These keys had previously been stored in the US.
Qualcomm wants to ban iPhone sales in China
In an effort to continue to charge Apple for the use of its patents in mainland China, Qualcomm has filed lawsuits against the company with the end goal of stopping the production and sale of iPhones in China.
The suits were filed by the mobile chip manufacturer in an intellectual property court in Beijing. Qualcomm claims that Apple has violated its patents and the company is seeking injunctive relief over the misuse of its IP.
China's ICO ban will not derail the cryptocurrency movement
There is a boom in initial coin offerings (ICOs) in 2017, where firms are mainly offering in-app tokens for investors. These arrangements only work in a given ecosystem and represent companies that are trying hard to not offer "securities" due to the SEC, regulations, etc.
Many firms have taken in funds through ICOs that are far more than their true value and with such a supply of offerings, the quality of the typical ICO event has dropped precipitously. ICOs work as a crowdfunding tool where a percentage of the newly issued currency is provided to new investors in exchange for traditional money or a different cryptocurrency such as Bitcoin. In response to this unregulated and seemingly out of control market, the Chinese authorities recently banned ICOs to slow down the market while regulations can be enacted.
Chinese investment firm buys Imagination Technologies
Leading UK technology company Imagination Technologies is being acquired by a Chinese investment firm in a multi-million pound deal.
CBFI Investment Limited (owned by Canyon Bridge) is shelling out £550m to acquire the hardware maker, based in Kings Langley just outside of London, the parties confirmed late last week.
Cryptocurrency market recovers: Bitcoin back over $4,000, Ethereum rebounds to $290
The cryptocurrency market is recovering well after shedding over $75 billion last week in what was a major post-rally correction. News that China banned ICOs and a rumored ban on Bitcoin exchanges in the country have not brought the market to its knees, as its capitalization is now up by around $40 billion since the low reached only a few days ago.
Many "experts" have linked the correction to the bad news from China, claiming that it will be very hard for the major coins to recover. Ethereum was expected to be hit the most, as the ICO ban means its appeal in China would be severely limited, but it posts the second-largest growth post-correction of the top 10 coins.
How to tackle ICOs to avoid regulatory issues
In an alarming but long-feared move, Chinese authorities announced on September 4, 2017, that from then on fundraising Initial Coin Offerings (ICOs) will not be allowed to take place on the domestic market. ICO technology can be used as a tool to collect funds from backers to launch new blockchain projects.
The Chinese regulators instructed companies that have already completed their fundraising ICOs to refund the payments to their backers, and the public and financial institutions are asked to report to the authorities all suspicious fundraising activities involving ICOs and cryptocurrencies. Naturally, this development threw the Chinese blockchain community into disarray.
Trump blocks Chinese purchase of chip-maker Lattice over national security concerns
President Trump has blocked a Chinese investment firm from buying US company Lattice Semiconductor. The acquisition was stopped because of national security concerns.
Following a recommendation by the Committee on Foreign Investment in the United States (CFIUS), the Trump administration said that the potential buyer, Canyon Bridge, "might take action that threatens to impair the national security of the United States."
Bitcoin drops to $3,500 after China ban rumors
The cryptocurrency market is now in a massive correction which has wiped out over $50 billion from its market cap high reached at the beginning of the month. The downward pressure seems to center on rumors that China wants to ban Bitcoin, the most valuable cryptocurrency.
I say rumors because there seems to be no official information from China that a ban is, indeed, in the cards. That has not stopped various websites from giving them too much credence, which adds to the instability that we have seen recently.
Putin bans VPNs and proxies in Russia as Apple explains pulling VPNs from Chinese App Store
VPNs and proxies are now illegal in Russia after Vladimir Putin signed a new law which prohibits technology that can be used to access websites that are banned in the country. The law also prevents people from using tools to stay anonymous online, and a second law requires users of messaging tools to be identifiable through their phone numbers.
As Russia hardens it implementation of government-imposed censorship, Apple has explained the sudden disappearance of around 60 VPN tools from the Chinese version of its App Store. The actions of both countries are seen as attempts to further thwart freedom of speech.
Chinese government forces Xinjiang residents to install spyware on their mobiles
China's control of the internet is no secret and the government's latest encroachment into people's lives sees residents of the north-west Xinjiang -- a largely Muslim area -- being forced to install surveillance software on their phones, sparking privacy concerns.
Notifications were sent out recently informing mobile users that they had just 10 days to download and install the Jingwang spyware. Random checks are now being carried out on the street to ensure that citizens have the app installed. Anyone found without the software faces up to 10 days in jail.
Auditors to check all audiovisual content uploaded to Chinese sites to ensure 'core socialist values'
China's control of the internet is no secret, and the Chinese government has just introduced new regulations that require all audio and video content to be vetted by officials before it can be posted online.
The aim is to check that content adheres to the government's "core socialist values" and don’t stray into out-of-bounds topics such as homosexuality and drug-taking. The new regulations take immediate effect, and bloggers, media outlets, and filmmakers are concerned that they will be either censored or shut down.
China bets on AI to boost productivity and empower employees
China is reportedly set to beef up its AI capabilities as it looks to boost and improve its tech talent.
According to a Reuters report, this is all part of a soon-to-be-announced national Artificial Intelligence plan, which was allegedly confirmed by a senior Chinese official speaking to China Daily.
Chinese company Rafotech believed to be behind millions of malware infections
According to extensive research from the Israeli cyber-security firm Check Point, a Chinese digital marketing company called Rafotech has infected millions of computers worldwide with adware that redirects user traffic to fake search engines.
The fake search engines then divert their search queries through Google and Yahoo's affiliate programs to earn a commission for the company behind the adware. So far Rafotech has infected over 250 million computers according to a rough estimation from Check Point.
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