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“# Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market ” Looking at the winners and losers of the past week clearly shows that traders endured some serious heat as the total crypto market capitalization dropped by 12.7% when Bitcoin fell to $41,000. This sharp downside move knocked the figure from…
“#Biden’s silence on China’s Drug-Pushing and other commentary” From the right: Silence on China’s Drug-Pushing “In the United States, a person dies from a drug overdose every five-and-a-half minutes,” frets John Mac Ghlionn at The American Conservative. Notably, “of the more than 100,000 drug-overdose deaths recorded in 2020, 64,178 involved synthetic opioids like fentanyl” —…
“#Didi bows to China pressure, will delist from NYSE months after its debut” Just five months after its debut, ride-hailing giant Didi Global said it plans to withdraw from the New York Stock Exchange and pursue a Hong Kong listing, a stunning reversal as it bends to Chinese regulators angered by its US IPO. The company’s shares…
“#Charlie Munger says China was ‘correct’ to ban crypto” The current market is “even crazier than the dotcom era” and China made the right call when it banned cryptocurrencies, according to Warren Buffett’s right-hand man Charlie Munger. “The dotcom boom was crazier on the valuations even than we have now but overall, I consider this…
“# Chinese crypto ban poses no threat to local industry media, sources say ” While some major Chinese cryptocurrency-related publications seem to be shutting down, a number continue to be run by local news agencies that have switched to social media like Twitter. China’s most recent crypto ban would not significantly affect local crypto media…
“# China’s central bank proposes to monitor metaverse and NFTs ” China’s crackdown on crypto is expanding into the metaverse and nonfungible tokens (NFTs), an executive at the People’s Bank of China (PBoC) recently implied. Speaking at a national financial security summit, Gou Wenjun, the director of the Anti-Money Laundering (AML) unit at the PBoC,…
“# Crypto’s impact on sanctions: Are regulators’ concerns justified? ” The use of cryptocurrencies to evade international sanctions from various international governmental organizations like the United Nations (UN), the International Monetary Fund (IMF) and the World Bank, among others, has been a concern for regulators ever since the creation of cryptocurrencies. The rapidly increasing adoption…
“#LeBron James is the king — of hypocrisy when it comes to China” Nike’s latest TV ad is another slick paean to individual empowerment and prevailing despite the naysayers. Centered around Memphis Grizzlies star Ja Morant, the commercial features various people doubting that Morant can keep up his stellar play, to which someone always cheekily replies,…
“#Disney+ scrubs ‘Simpsons’ episode in Hong Kong over Tiananmen Square joke” Disney+ users in Hong Kong have noticed that the an episode of “The Simpsons,” in which the cartoon family visits Tiananmen Square, was scrubbed from the streaming service. The missing episode comes at a time when Chinese authorities are cracking down on dissent in…
“#Joe Biden expected 10 percent cut in deal with a Chinese giant” In her new book, “Laptop from Hell,” Post columnist Miranda Devine reconstructs the Biden family’s quest for cash by using files left on Hunter Biden’s abandoned laptop. Sunday, she detailed how Hunter and his uncle Jim Biden entered into a deal with Chinese…