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“# China’s blockchain service network announces Cosmos integration ” Tweeting on Monday, the Blockchain-based Service Network — China’s blockchain infrastructure project — announced that it had adapted Cosmos (ATOM) to its Chinese network. The Chinese BSN, unlike the international version, only supports permissioned enterprise blockchains. Thus, the Cosmos integrated to the Chinese-only BSN is an…
“#Biden’s team faces the ugly facts on China” Secretary of State Antony Blinken’s recent rebukes of China give hope that the Biden administration recognizes the truth about this vicious regime. On NBC’s “Today,” Blinken called Beijing’s coronavirus coverup a “profound problem” that continues “even today,” accusing the Communist country of failing to live up to…
“#Ant Group reportedly reaches deal with regulators on restructuring” Ant Group has agreed on a restructuring plan with Chinese regulators under which the fintech giant will become a financial holding company, a person with direct knowledge of the matter said, potentially easing founder Jack Ma’s regulatory woes. The plan calls for putting all of Ant’s…
“# China could shut down Bitcoin for $7B a year, says Logica Capital chief strategist ” Michael Green, chief strategist and partner at investment advisory firm Logica Capital, sounded the alarm about China’s Bitcoin (BTC) mining dominance during a debate with crypto proponent Anthony Pompliano. The discussion between the Bitcoin skeptic and the Bitcoin bull…
“# Report: Ant Group to overhaul structure per agreement with China authorities ” Ant Group, the financial affiliate of China’s e-commerce giant Alibaba, has reportedly reached an agreement with Chinese regulators over the company’s status. According to a Feb. 3 report by Bloomberg, Chinese regulators have agreed on a restructuring plan that will turn Jack…
“#WHO scientists visit Wuhan lab where COVID-19 may have begun” A fact-finding team of World Health Organization scientists on Wednesday visited the Chinese lab that US officials have suggested could be the source of the coronavirus pandemic. The WHO’S team spent about 3-1/2 hours at the heavily-guarded Wuhan Institute of Virology in the city where…
“# Interoperability will determine CBDC winners and losers ” China has opened testing for its digital yuan. The excitement surrounding this project has electrified several major Chinese cities, as well as onlookers throughout the world. Most recently, Shenzhen launched its “iShenzhen” lottery, wherein the city government will distribute 20 million digital yuan among 100,000 central…
“#Jack Ma snubbed by Chinese newspaper from business leaders list” Billionaire Jack Ma still appears to be on the outs with Beijing. The Alibaba Group founder — who made international headlines last month when he vanished from the public eye after running afoul of the Chinese government — was left off a list of Chinese…
“# Former Bank of China exec joins BitMEX operator as non-executive board director ” BitMEX’s parent company 100x Group has hired a financial veteran with a professional background including the Bank of China. According to a Feb. 1 blog post on BitMEX, 100x has appointed former Chinese banker Wai Kin Chim as its new independent…
“#Biden brood already cashing in on Joe’s presidency: Goodwin” They can’t quit the grift. No sooner had Joe Biden won the White House than his family went back to trying to make a buck off his name. The latest sordid example involves one of Joe’s younger brothers, Frank Biden, appearing in a Florida law firm’s…