Chinese Cyber Security and Solana Billionaire Takes Shine To New Social Scori...
In the fast-paced world of cryptocurrency, both established players like Solana (SOL) and emerging projects like GoodEgg (GEGG) are vying for the attention of investors. Recently, a prominent Chinese cyber security billionaire known for his investments in Solana (SOL) has turned his focus to the innovative social scoring meme coin, GoodEgg. As Solana faces increased […]
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The Chinese government is to use blockchain technology for social security payments such as unemployment benefits and pensions. According to China Daily, Wang Zhongmin, vice-chairman of the National Council for Social Security Fund states: “There’s no doubt that blockchain technology will be used in the social security system because of its valuable applications in the investment and management of social security funds.” The National Council for Social Security manages almost $300 billion with a budget increasing yearly by 24.6 percent. Due to blockchain’s ability to cut out middle men,....
The following are the 6 countries, written in descending order, which rank among the most targeted by cybercriminals. Cyber security has become the latest ‘in-word’ around the globe. Putting the verbal fashion aside, organizations and individuals are struggling to protect themselves against online attacks and threats from left, right and center. With the rate of information growing exponentially in value and in volume, cyber risks are increasingly posing serious threat to governments, businesses and economies around the world. Fortunately, experts have found that the growing awareness....
China’s Ministry of Industry and Information Technology (MIIT) has published the country’s first official guiding document on blockchain technology and its applications in the country. China, which sees a significant majority of the world’s bitcoin trading, is a notable example of a major government’s foray into understanding cryptocurrencies like bitcoin, and its underlying technology, the blockchain. Just a month ago in September, the Chinese government was revealed to be working on developing and eventually using blockchain-based solutions for social security payments. Talking about the....
The cyber security market is growing at a rapid pace. According to research firms like Cybersecurity Ventures and Markets and Markets, the cyber security market will be worth over US$200 billion within the next five years. Former Facebook and Coinbase Director of Security Ryan McGeehan believes bitcoin companies will lead defensive innovation and the....
The SEC has taken action against three companies owned by Chinese Billionaire Guo Wengui for commingling the proceeds from two unregistered securities offerings. The United States Securities and Exchange Commission (SEC) has charged three of Chinese billionaire Guo Wengui’s companies over an initial coin offering (ICO) and initial public offering (IPO) that fetched around $487 million combined. The infamous Wengui, also known as Miles Kwok or Miles Guo, is an exiled Chinese businessman who currently resides in New York. Wengui is known for his controversial political takes and his ties to....