A finance worker at a Hong Kong-based multinational reportedly lost HK$200 million ($25.6 million) of company money after fraudsters used deepfake AI technology to impersonate the firm’s chief financial officer in a video conference call. Police said the employee received
In a decisive move against fraudulent crypto trading platforms, Hong Kong’s Securities and Futures Commission (SFC) has declared its intent to publish a list of suspicious virtual asset trading platforms (VATPs). This announcement follows closely on the heels of the
Amid the rising global crypto fervor, China has made significant headlines by sentencing a former provincial official, Yi Xiao, to life imprisonment for corruption, which includes aiding cryptocurrency mining. This action has demonstrated China’s stringent stand on illegal financial activities
Students at Hong Kong University of Science and Technology (HKUST) are proving the metaverse is still alive and vibrant as the school pushes a metaverse campus, which is expected to improve its curriculum and connectivity across campuses. The students have
Financial giant JPMorgan has reportedly restricted its employees from using the popular AI chatbot, ChatGPT. Since its November launch, ChatGPT has not just gained massive popularity but also lead to bans and restrictions. The recent JPMorgan restriction is not the
The video games regulator in China has given a nod for release of 44 foreign video games as the country’s tough stance on the gaming industry starts to thaw. Since August 2021, China has been rigid on the gaming industry. The
Chinese metaverse entrepreneurs are turning to overseas markets as the strict regulatory landscape back home is pushing them away. World over, metaverse and Web3 have become the buzzwords with tech companies and entrepreneurs scrambling for exciting business opportunities. Parent firm
Adrian Cheng, CEO of Hong Kong real estate giant New World Development, is venturing into the metaverse with the development of virtual land on blockchain gaming platform the Sandbox. MetaNews. The Sandbox is a subsidiary of blockchain gaming unicorn Animoca
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