Taxes on Crypto Mining Power Use to Spike Next Year in US, Plan Outlined

Taxes on Crypto Mining Power Use to Spike Next Year in US, Plan Outlined

The US government is considering several ways to balance its destabilised economy by reeling-in more funds into its financial systems. The crypto mining community in the US could face the burn of these tax hikes as the US government has proposed to raise the taxes on the electricity requirement for…

New Bill Could Ban TikTok, Other Foreign Technology Products in US Over Data Collection Concerns

New Bill Could Ban TikTok, Other Foreign Technology Products in US Over Data Collection Concerns

Two US senators plan to introduce legislation this week aimed at letting the government “ban or prohibit” foreign technology products such as Chinese-owned TikTok, Senator Mark Warner said on Sunday. Warner, the chairman of the Senate Intelligence Committee, said TikTok would be “one of the potentials” for review under the bill….

China to Invest .9 Billion in YMTC After US Restrictions Over Security Concerns: Report

China to Invest $1.9 Billion in YMTC After US Restrictions Over Security Concerns: Report

China is pumping $1.9 billion into its top memory chipmaker, according to media reports, as US restrictions on semiconductor exports threaten Beijing’s tech ambitions. Semiconductor manufacturer Yangtze Memory Technologies Co (YMTC) is set to receive 12.9 billion yuan from the state-owned National Integrated Circuit Industry Investment Fund, Bloomberg reported on…

FM Nirmala Sitharaman, US Treasury Secretary Janey Yellen Discuss Debt, Crypto at G20 Meet

FM Nirmala Sitharaman, US Treasury Secretary Janey Yellen Discuss Debt, Crypto at G20 Meet

Indian Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen discussed strengthening multilateral development banks, global debt vulnerabilities and crypto assets on the sidelines of the G20 finance chiefs meeting on Thursday, the finance ministry said. Yellen is expected to brief reporters later in the day and take part in…

TikTok Banned From Government Devices in Two US States Over Security Concerns; Huawei, Tencent Also Barred

TikTok Banned From Government Devices in Two US States Over Security Concerns; Huawei, Tencent Also Barred

The governors of Wisconsin and North Carolina on Thursday signed orders banning TikTok on government devices due to cyber security concerns, joining other US states and the federal government in prohibiting the use of the popular video app. In addition to banning Chinese-owned TikTok from state devices, Wisconsin Governor Tony…

YouTube to Certify Health Care Providers’ Channels to Curb Misinformation Among 2 Billion Users

YouTube to Certify Health Care Providers’ Channels to Curb Misinformation Among 2 Billion Users

YouTube said on Thursday that doctors, nurses and other health care professionals can apply to have their YouTube channels certified, in a push to limit misinformation on the site. The change will allow viewers to more easily access videos containing “high-quality health information,” YouTube said. “This is a big step…

Chainalysis Launches Subsidiary to Assist US Government Agencies in Investigating Crypto Crimes

Chainalysis Launches Subsidiary to Assist US Government Agencies in Investigating Crypto Crimes

Chainalysis, a blockchain analytics firm, has launched its subsidiary dubbed Chainalysis Government Solutions, which aims to aid US government agencies in investigating crimes related to crypto. The firm has already dealt with US government agencies in the past on a number of separate probes and a new study by the…

Thai Minister Backtracks on Spyware Admission as Government Denies Pegasus Use

Thai Minister Backtracks on Spyware Admission as Government Denies Pegasus Use

A Thai minister on Friday sought to walk back remarks before parliament that authorities had used spyware to monitor individuals, taking a U-turn on his admission just days earlier that surveillance software was actively being used. Under questioning on Tuesday from opposition lawmakers alleging use of Israeli-made Pegasus spyware, Digital…

Huawei Said to Be Under Probe in US Over Concerns of Capturing Sensitive Information From Military Bases

Huawei Said to Be Under Probe in US Over Concerns of Capturing Sensitive Information From Military Bases

The Biden administration is investigating Chinese telecoms equipment maker Huawei over concerns that the US cell towers fitted with its gear could capture sensitive information from military bases and missile silos that the company could then transmit to China, two people familiar with the matter said. Authorities are concerned Huawei…