Internet Security

China Cracks Down on ‘Chaotic’ Celebrity Fan Culture After Scandals

(Reuters) China cracked down on what it described as a “chaotic” celebrity fan culture on Friday, barring platforms from publishing popularity lists and regulating the sale of fan merchandise after a series of controversies involving artists.The country’s top internet watchdog said it would take action against the dissemination of “harmful information” in celebrity fan groups…

(Reuters) China cracked down on what it described as a “chaotic” celebrity fan culture on Friday, barring platforms from publishing popularity lists and regulating the sale of fan merchandise after a series of controversies involving artists.The country’s top internet watchdog said it would take action against the dissemination of “harmful information” in celebrity fan groups and close down discussion channels that spread celebrity scandals or “provoke trouble”.Platforms will no longer be able to publish lists of popular celebrity individuals and fan groups must be regulated, the watchdog said.The internet regulator is also barring variety shows from charging fans to vote online for their favorite acts and has spoken out against enticing netizens to buy celebrity merchandise.Regulators need to “increase their sense of responsibility, mission and urgency to maintain online political and ideological security,” the Cyberspace Administration of China (CAC) said in a statement.China has stringent rules on content ranging from video games to movies to music, and censors anything it believes violates core socialist values. The crackdown on celebrity fan culture also comes amid a wider regulatory campaign against the country’s Internet giants.CELEBRITY MISBEHAVIOROnline celebrity fan clubs have become a widespread phenomenon in China with local newspaper The Paper projecting the country’s “idol economy” could be worth 140 billion yuan ($21.59 billion) by 2022.But they have also been criticized for their influence over minors and for causing social disorder, as competing fan clubs have been seen trading verbal abuse online or spending large amounts of money to vote for their favorite stars on idol competition programs.When Canadian-Chinese pop star Kris Wu was detained by Beijing police last month on suspicion of sexual assault, his fan groups come to his defense on social media. Most of these fan accounts, along with Wu’s online accounts, were later shut down.China’s Netflix equivalent, iQiyi, also drew fire earlier this year after fans of one of its talent shows were filmed wasting milk in their bid to qualify to vote. On Thursday iQiyi said it would no longer broadcast idol competition shows.Chinese authorities have also been targeting domestic celebrities after a number of controversies.In January, actor Zheng Shuang became engulfed in a surrogacy controversy and she was later probed by tax authorities. On Friday, Shanghai tax authorities said they had decided to fine her 299 million yuan for tax evasion.Separately, Chinese video platforms on Friday took down films starred or directed by Zhao Wei, one of China’s biggest stars, citing “relevant laws and regulations” which prompted widespread online speculation over the reason. Her name was also removed from online casting lists.Chinese celebrities have been subjected to such treatment in the past when they have fallen foul of the authorities or public sentiment. Zhao’s management agency, Pulin Saisi, told Reuters it had no knowledge of the situation.$1=6.4849 Chinese yuanSource: Reuters; Reporting by David Stanway and Brenda Goh; Aditional reporting by Sophie Yu; Editing by Gerry Doyle, Ana Nicolaci da Costa and Tomasz Janowski Aug. 26, 2021, at 10:42 p.m.
Read More

Be the first to write a comment.

Leave a Reply

Internet Security

US probe into Binance reportedly expands to investigate insider trading

Binance is apparently facing more pressure from regulators over possible abuses at its cryptocurrency exchange. Bloombergsources said US officials have expanded their probe of Binance to include possible insider trading and market manipulation. The company hasn’t been accused of wrongdoing, but Commodity Futures Trading Commission investigators have reportedly inquired with potential witnesses about issues like…

Binance is apparently facing more pressure from regulators over possible abuses at its cryptocurrency exchange. Bloombergsources said US officials have expanded their probe of Binance to include possible insider trading and market manipulation. The company hasn’t been accused of wrongdoing, but Commodity Futures Trading Commission investigators have reportedly inquired with potential witnesses about issues like the location of Binance servers (and thus whether the US can pursue any cases).The commission had previously launched an investigation into the sales of derivatives tied to cryptocurrencies. It’s reportedly looking for internal Binance data that might show sales of those derivatives to American customers, breaking regulations that forbid those sales without registrations. The Internal Revenue Service and Justice Department are also probing possible money laundering on the exchange.There are no guarantees of action. The CFTC and Justice Department have supposedly been investigating Binance for months, and any decisions might take a while longer.Not surprisingly, Binance said it was above-board. A spokesperson told Bloomberg the exchange had a “zero-tolerance” approach to insider trades as well as ethical codes and security guidelines to prevent those actions. The company added that it fires offenders at a bare minimum. The CFTC has declined to comment.The heightened scrutiny of Binance, if accurate, would come as part of a larger US crackdown on cryptocurrencies. Officials are concerned the lack of consumer protections (including regulation) might hurt customers who sign up for services expecting the same safeguards they have with conventional money. In this case, the focus is on accountability — insider trading could wreck valuable investments and erode trust in Binance and other crypto exchanges.
Read More

Continue Reading
Internet Security

How to Use Arbitrum Bridge to Transfer Tokens From the Ethereum Network to Arbitrum

Arbitrum was built by Off-chain Labs, which is considered a layer two solution for Ethereum dApps. Arbitrum bridge was designed to improve the limitations of the Ethereum network. It offers high-throughput and low-cost fees transactions along with maintaining high-security standards. The platform is backed up by a world-class team of researchers, engineers, and Ethereum enthusiasts.…

Arbitrum was built by Off-chain Labs, which is considered a layer two solution for Ethereum dApps. Arbitrum bridge was designed to improve the limitations of the Ethereum network. It offers high-throughput and low-cost fees transactions along with maintaining high-security standards. The platform is backed up by a world-class team of researchers, engineers, and Ethereum enthusiasts. […]
The post How to Use Arbitrum Bridge to Transfer Tokens From the Ethereum Network to Arbitrum appeared first on Altcoin Buzz.
Read More

Continue Reading
Internet Security

Cyber arms dealer exploits new Apple iPhone software vulnerability; affects most versions – researchers

A cyber surveillance company based in Israel has developed a tool than can break into Apple iPhones with a never-before-seen technique for at least six months, internet security watchdog group Citizen Lab said on Monday. The discovery is important because of the critical nature of the vulnerability, which affects all versions of Apple’s iOS, OSX,…

A cyber surveillance company based in Israel has developed a tool than can break into Apple iPhones with a never-before-seen technique for at least six months, internet security watchdog group Citizen Lab said on Monday. The discovery is important because of the critical nature of the vulnerability, which affects all versions of Apple’s iOS, OSX, […]
Read More

Continue Reading
Internet Security

Authorities To Imprison A Man From Ohio For Defrauding $30 Million In A Cryptocurrency Scam

An Ohio man will be getting 20 years in prison for carrying out a cryptocurrency scam. Michael Ackerman has pleaded guilty to the crime and might be spending a long time in prison. According to the US Justice Department, the man pleaded guilty to the multi-million dollar cryptocurrency scam last week. A Cryptocurrency Scam Worth…

An Ohio man will be getting 20 years in prison for carrying out a cryptocurrency scam. Michael Ackerman has pleaded guilty to the crime and might be spending a long time in prison. According to the US Justice Department, the man pleaded guilty to the multi-million dollar cryptocurrency scam last week. A Cryptocurrency Scam Worth Of Millions Michael Ackerman planned and executed a cryptocurrency scam in 2017. This scheme promised to pay investors 15% on their investments every month. Even though the benefits were too dubious and impossible, many investors rushed in to utilize the opportunity. The scam was called the “Q3 Trading Club,” a fund that used investor’s money to make the supposed profits to be shared as returns. On September 8, 2021, a US attorney, Audrey Strauss from the New York Southern District, announced that Ackerman had pleaded guilty to the charges. According to Strauss, the man agreed to have caused the victims to lose above $30 million in cryptocurrency assets. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course In the announcement, the attorney stressed that Arkerman agreed to have used his fake crypto scheme to steal millions from investors with the promise of 15% monthly returns. In addition, Strauss also disclosed that Michael Ackerman used fake documents to deceive the investors. His balances showed more than $315 million in the fund. But the reality was just a little above $5 million from the DoJ’s discoveries. The attorney also revealed that Ackerman stole investors’ money amounting to $9 million just to continue his lavish lifestyle. The man spent a lot of money on vehicles, real estate, personal security, traveling, and jewelry. Michael Ackerman Agrees To Pay The announcement also stated that Michael Ackerman has pleaded guilty to wire fraud. He agreed to pay back $30 million and forfeit at least $36 million in real estate, jewelry, cash which he acquired fraudulently. As for now, the sentencing will take place on January 5th, 2022. The first charges came from the SEC in 2020. The crime was the violation of securities laws by Michael Ackerman. Related Reading | Bitfinex To Roll Out Security Token Offerings (STOs) Platform In Kazakhstan The reports then showed that he used a private group that he created on Facebook to target physicians. The group was called “Physicians Dad’s Group,” and the SEC discovered his fraudulent intent. Michael Ackerman has never worked as an institutional broker in the New York Stock Exchange. Instead, he was operating as one of three scammers, including James, a Wells Fargo financial advisor, and another member, a surgeon called Quan Tran. In 2020 April, the victims of the incident sued Fargo for not investigating its employee. Featured Image From Pixabay
Read More

Continue Reading