ByteDance's 'god credential’ let Chinese spy on and track down Hong Kong's civil rights activists, lawsuit says

fortune.com Chinese Communist Party members used a “god credential” at TikTok parent ByteDance to examine the personal data of civil rights activists and protesters in Hong Kong, and…

Half of the biggest global companies plan to cut office space. US cities will suffer most

cnn.com Around 50% of major global companies will need less real estate in the next three years, with American cities — led by San Francisco — most exposed to empty offices, new…

Ukraine latest: Ukraine, Russia trade accusations at U.N. over dam breach

asia.nikkei.com The war that began with Russia's invasion of Ukraine in February 2022 has passed a grim one-year milestone, with mounting military and civilian deaths. As fighting rages in…

Dow Jones Newswires seeks a reporter in Singapore

talkingbiznews.com Dow Jones Newswires is looking for a digitally proficient financial journalist to join our Singapore-based team of journalists who help fuel our real-time news and analysis…

IOHK’s Charles Hoskinson Warns of CBDC Agenda and Potential Dystopian Future Amid Binance Lawsuit

news.bitcoin.com Following the lawsuit filing by the U.S. Securities and Exchange Commission (SEC) against Binance, encompassing 13 allegations of “operating unregistered trading platforms”…

Blinken to embark on high-stakes trip to China

nbcnews.com WASHINGTON — Secretary of State Antony Blinken is expected to travel to China in the coming weeks for talks, two U.S. officials told NBC News on Tuesday. The news comes…

Françoise Gilot, Artist in the Shadow of Picasso, Is Dead at 101

nytimes.com Françoise Gilot and Picasso in 1948. Her 1964 memoir about her life with him — the relationship ended in 1953 — was an international best seller. An accomplished painter…

Crypto Wilts in Summer Heat as SEC Charges Both Binance and Coinbase

pymnts.com The Securities and Exchange Commission (SEC) is on a tear this week. After a brutal crypto winter, the summer of 2023 isn’t shaping up to be any better or more forgiving of…

US sanctions group of people and firms from Iran, China and Hong Kong tied to Iran ballistic program

apnews.com The U.S. said Tuesday it is sanctioning a group of people and firms from Iran, China and Hong Kong associated with the alleged development of Iran’s ballistic missile…

Sequoia to split off China, India/SE Asia businesses amid geopolitical tension

reuters.com U.S venture capital giant Sequoia plans to split off its Chinese and Indian/Southeast Asian businesses into two independent firms, it said on Tuesday, as it tries to better…

SEC sues Coinbase for violating securities rules a day after Binance lawsuit

forkast.news The U.S. Securities and Exchange Commission (SEC) has sued Coinbase, the largest cryptocurrency exchange in the U.S., for allegedly breaching securities rules, less than 24…

PBOC Cuts Deposit Rates, Reserve Requirement Cuts Likely In 2nd Half

forbes.com Asian equities were broadly higher overnight, though South Korea was closed for the Memorial Day holiday. Hong Kong and Mainland China gave back mid-morning gains to close…

Crypto industry reacts to SEC’s lawsuit against Binance

forkast.news The cryptocurrency industry faced another jolt as the U.S. Securities and Exchange Commission (SEC) launched its latest enforcement action against the world’s largest…

Hong Kong’s Legal Bid to Ban Protest Song Challenges Google

wsj.com Hong Kong’s High Court, seen on the right, will hear a request for an injunction against disseminating a pro-democracy song online. HONG KONG—Government officials in the…

Hong Kong to allow lenders from Qatar, UAE to advise on local banking sector in a boost to financial ties with Middle East

scmp.com Hong Kong is set to allow banks from Qatar, the UAE and Liechtenstein to advise on industry issues in the city, a step that will enhance collaboration especially between…

Stock market today: Global stocks mixed on concern about US economy weakening

aol.com Global stock markets were mixed Tuesday after a report that showed growth in service industries is slowing stoked concern the U.S. economy is weakening. London, Shanghai,…

A Pitfall of Global Economic Policy Uncertainty Index

en.econreporter.com Wall Street Journal published an article “Financial Markets Face Fresh Wave of Political Uncertainty: There’s Literally Nowhere to Hide” , saying, “The U.S.-China trade war,…

Launch of ChatGPT Significantly Enhanced AI-Related Crypto Assets YTD

coinspeaker.com Coinspeaker Launch of ChatGPT Significantly Enhanced AI-Related Crypto Assets YTD The recent Artificial Intelligence (AI) boom has propelled related companies to huge…

China’s CCTV airs Binance lawsuit in rare crypto coverage

theblock.co China's state broadcaster, CCTV, aired the news that the United States Securities and Exchange Commission sued crypto exchange Binance, its co-founder and CEO Changpeng Zhao…

Cathay Pacific to pay deferred dividend to HK govt as operations return to normal

reuters.com Cathay Pacific Airways Ltd (0293.HK) said on Tuesday it would pay the deferred dividend of HK$1,524.1 million ($194.35 million) on the preference shares held by the Hong…

China's data securities laws pose costly challenge for JPMorgan

asia.nikkei.com HONG KONG -- JPMorgan Chase's fund management arm in China is devoting "more and more" time and money to complying with data security laws as Beijing tightens regulations,…

Nikkei Extends Record Run, Hang Seng Dips on China Recovery

asiafinancial.com Asian stocks wobbled on Tuesday as investors struggled to maintain recent momentum with uncertainty over the US Fed’s next rates move dampening the mood. China’s sluggish…

OKX and Komainu to Boost Institutional Crypto Trading

financemagnates.com OKX, the world's second-largest crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other…

Explainer: How Hong Kong plans to test its digital dollar in $229 bln mortgage market?

reuters.com Hong Kong 's central bank plans to test the use of its digital currency under a pilot project in its HK$1.8 trillion ($229 billion) mortgage market, with an aim to slash a…

‘Owlish’ Is a Darkly Fantastical Parable About Totalitarianism

nytimes.com In the fictional city of Nevers, a stand-in for Hong Kong, an adulterous university professor is oblivious to the civic decay around him. Dorothy Tse’s “Owlish” is set in…

Ukraine latest: Russia's Belgorod region under shelling, authorities tell residents

asia.nikkei.com The war that began with Russia's invasion of Ukraine in February 2022 has passed a grim one-year milestone, with mounting military and civilian deaths. As fighting rages in…

Stock market today: Asian stocks mixed after Wall St retreats on concern economy weakening

aol.com Asian stock markets were mixed Tuesday after Wall Street fell on concern the U.S. economy may be weakening following a report that showed growth in service industries…

Ukraine latest: Dam in southern Ukraine is blown, flooding war zone

asia.nikkei.com The war that began with Russia's invasion of Ukraine in February 2022 has passed a grim one-year milestone, with mounting military and civilian deaths. As fighting rages in…

Bitcoin, Ether skid; BNB drops more than 10% after U.S. securities regulator sues Binance

finance.yahoo.com Bitcoin fell almost 6% and Ether lost 5% in a broad market fall by all top 10 non-stablecoin cryptocurrencies on Tuesday morning in Asia after the U.S. Securities and…

SEC targets US$115 billion of crypto following lawsuit against Binance: Bloomberg

forkast.news The U.S. Securities and Exchange Commission (SEC) has extended the list of cryptocurrencies it considers unregistered securities to cover US$115 billion worth of tokens…

The prospect of fresh support measures has caused a rise in Chinese building

financialjuice.com The Australian currency rose after the country's central bank startled markets by boosting interest rates above expectations to battle inflation. Asian markets climbed on…

Australia stocks fall as central bank hikes again; Asia markets mixed

cnbc.com A pedestrian and jogger pass the Reserve Bank of Australia (RBA) building, during a partial lockdown imposed due to the coronavirus, in Sydney, Australia, on Monday, May 18,…

Morning Bid: Nervy markets back on central bank watch

reuters.com [1/2] Pedestrians walk past the Reserve Bank of Australia building in central Sydney, Australia, February 10, 2017. REUTERS/Steven Saphore/File Photo A look at the day ahead…

Stock market today: Asian stocks rise after Wall St retreats on concern economy weakening

bostonherald.com Asian stock markets rose Tuesday after Wall Street fell on concern the U.S. economy may be weakening following a report that showed growth in service industries slowing.…

Longfor leads surge in property developers as Hong Kong stocks hit 2-week high on China stimulus bets

scmp.com Chinese developers led a rally in Hong Kong stocks as investors pushed the local market benchmark to a two-week high on speculation Beijing will inject stimulus to revive…

China's top VCs warn dollar fundraising will only get tighter

asia.nikkei.com HONG KONG -- China-focused venture funds are finding it increasingly difficult to raise funds from Western investors due to rising geopolitical tensions and a lackluster…

Ex-ByteDance Employee: Chinese Communist Party Accessed TikTok Data Of Hong Kong Protesters

forbes.com A former executive at TikTok’s parent company ByteDance alleged in a court filing that Chinese Communist Party officials accessed data of Hong Kong civil rights activists…

Ukraine latest: Wagner chief calls Moscow's claim of huge Ukraine losses 'fiction'

asia.nikkei.com The war that began with Russia's invasion of Ukraine in February 2022 has passed a grim one-year milestone, with mounting military and civilian deaths. As fighting rages in…

Hong Kong’s SFC ‘happy to discuss’ tokenisation with industry, conference told

scmp.com A general view of Hong Kong’s Victoria Harbour. The SFC says it will be continuously amending and evolving its policy to give retail investors better access to…

Former ByteDance Executive Claims Chinese Communist Party Accessed TikTok’s Hong Kong User Data

wsj.com TikTok, which is owned by China’s ByteDance, is available only outside mainland China. A former executive at ByteDance, the parent company of the hit video-sharing app…

There’s a New Leader in Asia Sales

institutionalinvestor.com Because of this, investment in the region and market turnover has remained fairly subdued, said Sara Perring, head of Asia Pacific equities distribution at JPMorgan Chase.…

Blinken’s Tiananmen Square Anniversary Statement Omits References to Massacre, Ongoing Chinese Atrocities as Biden Reportedly Seeks Détente

mediaite.com Stefani Reynolds/Pool Photo via AP, File China watchers picked up on the numerous differences between Secretary of State Antony Blinken’s searing statement about Tiananmen…

Binance, US platform, CEO face SEC lawsuit over alleged securities violations

forkast.news The United States Securities and Exchange Commission (SEC) has initiated legal action against cryptocurrency exchange Binance, its U.S. platform, and Chief Executive Officer…

This Week in Coins: XRP, Litecoin and Solana Outpace Bitcoin in Week of Small Gains

decrypt.co Markets managed to finally overcome four weeks of inertia and grow a little this week, but perennial leaders Bitcoin and Ethereum remained virtually flat, with only nominal…

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decrypt.co In May 2023, Tether’s USDT stablecoin hit an all-time high in market capitalization, surpassing its previous peak level of $83.355 billion in May 2022, according to…

Google Bard Now Can Use Device's Precise Location For Local Results

mediapost.com Google Bard’s recent updates now can use a device’s “precise” location to serve up more relevant local results to questions through location settings. Granting Bard access…

JPMorgan teams up with six Indian banks to build a blockchain-based platform

coinjournal.net The blockchain-based platform is aimed at settling interbank dollar transactions. The move is part of the Indian government’s strategy to elevate GIFT City to the League of…

UK has just 18 months to become global crypto leader, parliament report urges

protos.com The UK first announced plans to become a global crypto hub in April last year — but a new report by an independent, cross-party group within parliament has warned that time…

Las Vegas Competitor Reports Very Merry Month of May

thestreet.com It's been said that all things seem possible in May and that was certainly the story in Macau last month. Tourists from Mainland China came flocking back to the country's…

Services PMI Beats Expectations, Goes Unreported

forbes.com Asian equities were largely higher overnight as Japan outperformed while South Korea was closed for their Memorial Day holiday. It was a quiet night overnight as Hong Kong…

Congress Introduces A Game-Changing Crypto Bill Amid $350 Billion Bitcoin, Ethereum, BNB And XRP Price Pump

forbes.com 06/05 update below. This post was originally published on June 3 Bitcoin and ethereum—as well as rival top five cryptocurrencies Ripple's XRP and Binance's BNB —have…

Chanel Signs Largest Retail Lease Agreement Since the Pandemic in Hong Kong

pymnts.com Chanel has signed one of the largest lease agreements since the onset of the pandemic — a prominent retail space in the bustling shopping district of Causeway Bay in Hong…

Hong Kong’s regulatory lead sets it up to be major crypto hub

cointelegraph.com Hong Kong — officially the Hong Kong Special Administrative Region of the People’s Republic of China — is a city of over seven million residents on the eastern Pearl River…

Taiwan carries the torch of Tiananmen as Hong Kong is silenced

asia.nikkei.com TAIPEI/HONG KONG -- Leading Taiwanese politicians have commemorated China's bloody 1989 Tiananmen student crackdown, in sharp contrast to the clampdown in Hong Kong on the…

Chris Licht, Chuck Todd, and a tale of two Sunday shows

cjr.org About a year ago—shortly after Chris Licht took over as chairman and CEO of CNN following the dramatic ouster of Jeff Zucker—I wrote in this newsletter that early signs…