All models of DJI’s drones grounded by U.S. Department of Interior

Only those DJI drones that are used for critical operations and public safety have survived the ban. On Thursday, Chinese drone maker DJI stated, the U.S. Department of Interior has grounded all non-emergency Chinese-made or part-made drones as part of a review of its entire drone program. Shenzhen-based DJI has confirmed that that the department…

Cyber attack on Asian ports could cost $110 billion: Lloyd’s of London

A report prepared by University of Cambridge Centre for Risk Studies, on behalf of the Cyber Risk Management (CyRiM) project, in partnership with Lloyd’s, a cyber insurer. On Wednesday, a report backed by Lloyd’s of London stated, a cyber attack on Asian ports could cost a whopping $110 billion equivalent to half of the total…

Huawei increases domestic marketshare at the cost of its domestic rivals

Oppo, Vivo, Xiaomi and Apple, together, controlled 50% of the Chinese market. On Wednesday, according to market data released today, China’s Huawei Technologies has increased its footprint in its domestic smartphone market, with shipments rising by 66% in the third quarter. Although the Chinese smartphone market contracted by 3% in the third quarter in comparison…

Commercial banks should adopt blockchain technology: China central bank official

Chinese President Xi Jinping has placed blockchain technology as a foundational layer for future development of platforms. On Monday, a Chinese central bank official stated, commercial banks will have to step up their application of blockchain technology in order to deepen their commitments towards digital finance. The comments were made by Li Wei, head of…

China to pass cryptography law in preparation for launching digital currency

China is treating blockchain technology as a foundational building block for future science and technology innovations. Late on Saturday, in a development that marks China gearing up to launch its own digital currency, the country’s rubber stamp parliament passed a new law on cryptography, reported state media late on Saturday. In 2014, China’s central bank…

Boris Johnson set to grant Huawei access to UK’s future 5G telecom networks

The move is likely to have ramifications with the sharing of intelligence with the United States. On Sunday, as per a report from the Sunday Times, British Prime Minister Boris Johnson is set to grant China’s Huawei technologies Co Ltd access to the UK’s future 5G telecoms network. According to senior government and security services…