Chinese Hackers Use Fake Skype App in New Crypto Phishing Scam
In China, crypto security firm SlowMist has discovered several wallet addresses linked to a phishing scam defrauding unsuspecting crypto users through a fake Skype app. A new phishing scheme has emerged in China that targets cryptocurrency users with a fake Skype video app. The Chinese hackers responsible for the phishing scam, according to a report […]
China Criminalizes Stealing NFTs, Digital Collections
China’s recent proclamation, issued on Nov. 10, heralds a transformative shift in the legal landscape surrounding digital assets. The formal announcement by the Chinese government that the theft of digital collections, including NFTs, will be regarded as property theft is a major change in the country’s policy regarding the regulation of digital assets. Regarding the […]
Ant Group’s Bailing AI Model Gets Green Light from China
Ant Group, the fintech arm of Alibaba, has received approval from the Chinese government to launch products based on its Bailing AI model, a large language model that can generate natural language and images. Ant Group, the fintech affiliate of Alibaba, has announced that it has received approval from the Chinese government to launch products […]
Chinese BTC Digital Acquires 220 New Bitcoin Mining Units
BTC Digital of China announced the acquisition of 220 additional Bitcoin mining units, bringing its total machine count to 2,174, each with more than 230PH/s of processing capacity. The transaction reportedly involved “two unaffiliated third parties” and Bitmain Antminer S19j Pro units. In return, the parties exchanged 276,572 common company stock units worth $968,800, according […]
Chinese Digital Yuan Debut Usage in Cross-border Oil Deal
Chinese digital yuan CBDC has been used to trade in an oil transaction for the first time as PetroChina International purchased one million barrels of petroleum using it, as reported by the Shanghai Petroleum and Natural Gas Exchange (SHPGX). According to the exchange, the transaction was a response to a request by the Shanghai Municipal […]