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“# Chinese police unearth multi-million dollar DeFi rug pull ” Beijing’s crackdown on crypto continued with the start of the new year as Chinese police froze nearly 6 million yuan ($1 million) worth of crypto and arrested eight people involved with it. As per a report published in Nikkei Asia, the public security bureau of…
“#Warriors’ Chamath Palihapitiya: Uyghur remarks lacked empathy” Chamath Palihapitiya, a venture capitalist who owns two percent of the Golden State Warriors, is walking back remarks he made over the weekend that “no one” cares about the genocide of the Uyghur Muslims in China and neither does he. “In re-listening to this week’s podcast, I recognize…
“#Pandemic hasn’t slowed China’s love for US lobster” China is showing no signs of slowing its demand for American lobster this year despite disruption to the supply chain and international trade caused by the coronavirus pandemic. Chinese demand for the crustaceans grew dramatically during the 2010s in part because of the expansion of the country’s…
“# NFT sales and blockchain games continue to grow despite the recent market slump: Report ” January 2022 continues to be rough for crypto investors as current markets see turbulent fluctuations in the price of Bitcoin and other cryptocurrencies. Some have attributed the slump to recent federal intentions to introduce new rate hikes, and the political…
“# Fed’s Lael Brainard invites Congress to choose whether to compete with China’s digital yuan ” At her confirmation hearing in front of members of the Senate Banking Committee, Federal Reserve board of governors member Lael Brainard said Congress would ultimately have to decide to move forward with a central bank digital currency, or CBDC….
“# China aims to separate NFTs from crypto via new blockchain infrastructure ” China is planning to draw a clear line between cryptocurrencies and nonfungible tokens (NFTs), pretty much the same way it did with its digital currency efforts, before the crypto crackdown in the country harms the local NFT industry. The Blockchain-based Service Network…
“# Ethereum futures and options data reflects traders’ mixed emotions on $3.2K ETH price ” Ether (ETH) has been an emotional rollercoaster over the past three months primarily because its price rallied twice. First it peaked at $4,870 on Nov. 10 and at $4,780 on Dec. 1. However, the double top was quickly followed by…
“#Intel deletes mention of Xinjiang after Chinese backlash” Intel has erased all mention of Xinjiang from a letter it sent to suppliers last month after the chipmaker came under fire from Chinese social media users for asking its partners not to source goods from the region over allegations of human rights abuses by Beijing. The…
“# CBDC wallet tops mobile app store charts in China ” The official digital yuan wallet app that was released as a pilot version to be used in select cities has still managed to top app store charts in its first week. Developed by the Digital Currency Research Institute of the People’s Bank of China…
“#Biden inflation excuses are bogus and other commentary” Libertarian: Biden’s Bogus Anti-Inflation Drive Team Biden’s “call for antitrust action against business” to fight rising prices is “rich coming from officials who are largely at fault for inflation as well as for the industrial concentration they criticize,” explains Reason’s J.D. Tuccille. For example, “The meatpacking industry…