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“#Solar energy push relies on region in China linked to Uyghur genocide” Companies and governments pushing for solar energy are confronting a previously overlooked roadblock, according to a new report. The industry’s solar energy supply chains are heavily reliant on Xinjiang, a Chinese region the US government and others say is the scene of genocide…
“#Alibaba shares rise 6% in premarket trading after $2.8B fine” Shares of Alibaba rose 6 percent in premarket trading in the US after the e-commerce giant was fined $2.8 billion by Chinese regulators as a result of an anti-monopoly investigation. Alibaba’s Hong Kong-listed shares closed 6.5 percent higher on Monday. Chinese regulators launched an anti-monopoly…
“# Blockchain provides major boost to speed of China-Europe rail trade ” The China-Europe rail trade route has been subject to a major speed upgrade thanks to the application of blockchain technology, reports China’s People’s Daily Online. The Chengdu International Railway Port in Sichuan province was installed with the blockchain-powered Sino-Europe Trade Link 2.0 platform…
“#Chinese COVID-19 has low effectivness: official” BEIJING — In a rare admission of the weakness of Chinese coronavirus vaccines, the country’s top disease control official says their effectiveness is low and the government is considering mixing them to give them a boost. Chinese vaccines “don’t have very high protection rates,” said the director of the…
“# How the digital yuan stablecoin impacts crypto in China: Experts answer ” This is part one of a multipart series on blockchain and crypto in China. China has been discussing the possibilities of national digital currency for half a decade, and the Chinese digital yuan project — referred to as the Digital Currency Electronic…
“# FIL on the rise: Filecoin’s upcoming production cut alters tokenomics ” Filecoin (FIL) is one of the most prominent coins in the storage sector of cryptocurrencies. In the past month, the price and market capitalization of FIL has rocketed to new highs. On April 1, the coin reached $233.68 along with breaking into the…
“# Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20% ” The share price of Chinese Bitcoin (BTC) mining company Ebang continues to fall, while the firm refutes claims made in a Hindenburg Research report which alleged it was pilfering American investors’ cash. The Hindenburg Research report, published April 6, described Ebang as…
“# Meitu now holds $100 million in BTC and Ether after latest Bitcoin purchase ” Hong-Kong tech company Meitu has taken the total value of its cryptocurrency holdings to approximately $100 million, after the firm disclosed the purchase of an additional $10 million worth of Bitcoin (BTC) on April 8. Meitu HK, the wholly-owned Hong-Kong…
“# Our Man in Shanghai: Scandal as $45M of stolen government funds allegedly lost on 100X leverage ” Blockchain security company Beosin has been the focus of a major scandal after its Chief Marketing Officer Gao Ziyang was taken into custody and charged with embezzlement of state-owned assets. He is alleged to have been using…
“# US must embrace Bitcoin to counter Chinese ‘financial attack’ — Pomp ” Bitcoin (BTC) can undermine the U.S. dollar if the United States does not take a lead role in accepting it, argues Anthony Pompliano. Speaking to CNBC on April 8, the Morgan Creek Digital co-founder followed up on a warning from investor Peter…