The day of reckoning has come for Huawei, as the U.S. Justice Department has unsealed a 13-count indictment against the world’s largest telecommunications equipment manager. Justice Department Charges Huawei The indictment alleges that Huawei, two affiliated companies, and its chief financial officer Meng Wanzhou committed fraud and conspiracy in connection with deals in Iran. Commerce Secretary Wilbur Ross stressed: These are law enforcement actions and are wholly separate from our trade negotiations with China. An indictment filed in Washington state accused the company of stealing trade secrets from T-Mobile USA Inc. and offering bonuses to employees who succeeded in getting technology from rivals, according
Huawei Cloud Announces Global Launch of its Blockchain Services
Huawei Cloud, the cloud services arm of Huawei Global, has announced the launch of its Blockchain Service (BCS), according to an official press release. The BCS was launched for commercial use in China earlier this year, and it is now available to a global audience on Huawei Cloud’s international website. The service allows global entrepreneurs
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Huawei Pre-Installing Bitcoin Wallets on New Phones
Buying bitcoin is about get a whole lot easier for a whole lot of people – particularly in China.
Did Somebody Say ‘Mass Adoption?’
Bitcoin is set to continue down the path towards mainstream adoption thanks, in no small part, to mobile phone giant Huawei Technologies Co. On Friday, the third largest mobile handset maker in the world will begin affording their users the ability to download Bitcoin wallets on their devices.
The announcement comes from BTC.com’s vice president of business operations, Alejandro de la Torre, as the BTC.com wallet is slated to become the first cryptocurrency app offered by Huawei’s AppGallery. Explained de la Torre in a phone interview with Bloomberg:
China’s Huawei Rumored to Partner with Cold Storage Smartphone Maker
Embattled Chinese smartphone maker, Huawei, is rumored to be in serious talks with Sirin Labs to bring its handset into the cryptoverse, possibly incorporating the Swiss company’s cold storage wallet along with its system to instantly convert fiat to crypto. This comes at a time when, in the US, at least one regulator is insisting carriers drop Huawei out of security concerns.
Also read: Bitcoiners Demand More Crypto CFDs and Spread-Betting in the UK