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Bitcoin Crashed After Another Crypto Exchange Got Hacked

June 11, 2018 FROM NEXTGOV arrow Bitcoin fell more than 10% Monday to its lowest price in two months, after a relatively small crypto exchange in South Korea reported a hack. The crash widens bitcoin’s year-to-date losses to as much as 50%, wiping about $120 billion off its market value this year. Coinrail, which is among...

Chinese Police Are Wearing Sunglasses That Can Recognize Faces

February 10, 2018 FROM NEXTGOV arrow In the Matrix series, Keanu Reeves wears futuristic sunglasses to look cool when fighting against machines. But in China, police are now wearing sunglasses equipped with facial-recognition technology to catch criminal suspects. Railway police in Zhengzhou, a central Chinese city, are the first in the country to use facial-recognition eyewear...

Chinese Police Are Wearing Sunglasses That Can Recognize Faces

February 9, 2018 In the Matrix series, Keanu Reeves wears futuristic sunglasses to look cool when fighting against machines. But in China, police are now wearing sunglasses equipped with facial-recognition technology to catch criminal suspects. Railway police in Zhengzhou, a central Chinese city, are the first in the country to use facial-recognition eyewear...

All the Things You Can—and Can’t—Do with Your WeChat Account in China

December 29, 2017 FROM NEXTGOV arrow In China, people will soon be able to bring nothing but their smartphones (and clothes, perhaps) when going out, and the one and only app they’ll need to download is WeChat. Owned by tech giant Tencent, WeChat has evolved from China’s answer to WhatsApp to an all-in-one app that let...

China Aims to Build a Supersonic “Flying Train” That Would Put Elon Musk’s Hyperloop to Shame

September 1, 2017 FROM NEXTGOV arrow The Hyperloop is getting some Chinese competition. The country’s state-run space contractor, China Aerospace Science and Industry Corporation (CASIC), announced yesterday (Aug. 30) that it has started research on a “high-speed flying train” that it says will be able to reach top speeds of 4,000 km per hour (2,485 miles...

After Sanctioning Pyongyang, China Says the Ball’s in Everyone Else’s Court

August 7, 2017 The question of whether Beijing would go along with much harsher sanctions against North Korea was answered this weekend. China voted in favor of sanctions that promise to cut North Korea’s annual export revenue by a third, going along with the other members of the UN Security Council. But now,...

'Invest $500,000 and Immigrate to the U.S.': Trump’s Latest Conflict of Interest in China

May 8, 2017 Donald Trump’s administration has made it harder for foreigners to get US work visas. But the sister of Jared Kushner—Trump’s son-in-law and senior adviser—is using her White House connections to lure Chinese investors to help fund a real estate project via a controversial visa program that in essence sells US...

China’s Twitter Clone Will Soon Have More Users Than Twitter

February 28, 2017 FROM NEXTGOV arrow Sina Weibo started as China’s Twitter clone in 2009. Like other internet services in China, it filled the vacuum left by foreign offerings being driven out by government censorship. There’s basically no rivalry between the counterparts. They tap user bases that have zero overlap. The red-eyed creature of Sina Weibo’s...

Donald Trump and China’s President Finally Broke the Ice — By Snail Mail

February 9, 2017 Donald Trump and China’s president Xi Jinping have made progress in their relationship. The two heads of state finally made contact for the first time since Trump became president. In a letter “provided” to Xi yesterday (Feb. 8), Trump said he looked forward to working with Xi to “develop a...

China Returned the U.S. Underwater Drone it Seized in the South China Sea

December 20, 2016 Days after taking an American unmanned underwater vehicle (UUV) in the contested waters of the South China Sea, China finally returned the drone to the US, according to officials from the two sides. The Chinese navy returned the drone to the US near the location where it had been “unlawfully...