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“# Russian central bank opposes ruble-pegged stablecoins ” Senior officials at the Bank of Russia have come out against the issuance of private stablecoins pegged to the Russian ruble. Sergei Shvetsov, a first deputy governor of the Russian central bank, said that the bank aims to ban private firms from offering stablecoins backed by the…
“# Authorities shut off electricity to Bitcoin miners in China’s Yunnan province ” Local sources report that authorities from the city of Baoshan in the Chinese province of Yunnan are escalating efforts to crack down on Bitcoin miners, ordering electricity producers to cease supplying power to the city’s miners. On Nov. 30, Chinese crypto reporter…
“#Nike, Coca-Cola, others reportedly lobbying against Chinese labor bill” Nike and Coca-Cola are among a number of companies seeking to water down a bill that would ban imports from a region of China where products are made through forced labor by minority Muslim groups being held in detention camps, according to a report. The bill,…
“# This Bitcoin mining company’s stock is in free fall following Q3 loss ” The stock of one of China’s “big 3” mining firms is in free fall Monday after reporting another quarterly loss, underscoring the operating challenges imposed by COVID-19. Canaan Creative, which manufactures mining rigs, released its third-quarter financial results Monday. The company…
“#Australia demands apology from China for faked image of soldier” Australian Prime Minister Scott Morrison on Monday demanded an apology after a senior Chinese official posted a fake image of a grinning Aussie soldier appearing to hold a bloodied knife to the throat of an Afghan child. Morrison called the image, which was posted on…
“# No need to fear the Bitcoin FUD, says Sino Global Capital ” In the midst of the crippling price dips earlier this week, cryptocurrency traders seemed beset on all sides by fear, uncertainty, and doubt. However, Dermot McGrath, head of research at blockchain investment firm Sino Global Capital, said the firm prefers taking a…
“#’Buy local’ is just nonsense and other commentary” Econ desk: ‘Buy Local’ Is Just Nonsense The holiday-shopping injunction to “buy local or buy from small businesses . . . is pure nonsense,” opines Kevin D. Williamson at National Review. The idea is that if you patronize, “say, your locally owned coffee shop over Starbucks, then…
“#More rescue dogs from China’s meat trade arrive in NYC” A second shipment of dogs, all rescued from China’s meat markets, have landed at JFK Airport — their wagging tails and happy yelps saying everything about how thrilled they were to become “Americans.” Saturday’s batch of 45 dogs arrived from Beijing via Air China on…
“#Dogs destined for Chinese meat trade land in NYC” These pups just got a new leash on life. A plane-load of dogs who were rescued from being killed for China’s canine meat trade landed at JFK Airport Friday — and were soon on their way to their forever homes. Shortly after the Air China plane…
“#Apple manufacturer Foxconn reportedly to make iPads, MacBooks in Vietnam” Apple will soon begin manufacturing iPads outside of China for the first time ever as it looks to avoid getting caught in the middle of a trade war. The iPhone maker has asked manufacturer Foxconn to move some iPad and MacBook assembly to Vietnam in…