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“#White House re-affirms Xi Jinping not Biden’s ‘old friend’” The White House on Tuesday insisted that President Biden is not an “old friend” of Chinese President Xi Jinping — despite Xi saying so at a virtual summit Monday in what’s being seen as an opening dig to undermine Biden. Biden has denied in the past…
“#Fortnite exits China as gov cracks down on ‘spiritual opium’” Fortnite has officially shut down in China just three years after launching amid a government crackdown on gaming and technology firms. The shutdown, which the North Carolina-based developer said it completed on Monday, comes as the Chinese government seeks to restrict what one state media…
“#Bitcoin tanks back below $60,000 as cryptos tumble” Bitcoin and other major cryptocurrencies nosedived Tuesday morning after notching new all-time highs in recent days. Bitcoin, the world’s largest cryptocurrency, fell back below the key $60,000 per coin level at one point Tuesday morning. It was last seen trading at $60,250 per coin, down more than…
“# China warns state-owned enterprises to cease involvement in Bitcoin mining ” China is pressuring its own state-owned businesses to cease mining cryptocurrencies, and the government is considering harsh penalties on firms that continue, including higher energy expenses. According to reports, Meng Wei, a spokesperson for the National Development and Reform Commission (NDRC), said at…
“#Yujing Zhang convicted of Mar-a-Lago trespassing gets deported” A Chinese businesswoman convicted of trespassing while trying to meet President Donald Trump at his Mar-a-Lago club has been deported to China. Yujing Zhang, 35, arrived in China on Sunday — more than two years after serving an eight-month prison sentence for trespassing in March 2019 at…
“# Chinese provincial official expelled for violating crypto mining ban ” The Central Committee of the Chinese Communist Party (CCP) expels a top provincial official after investigations suggest unlawful emgagement with crypto mining activities among other abuse of power. The Central Commission for Discipline Inspection (CCDI) alleged that Xiao Yi, former vice-chairman of the Chinese…
“#Xi Jinping’s new ‘status’ is a sign of weakness” China’s President Xi Jinping’s weakness is showing in his rush to score honors he plainly doesn’t deserve: At his order, the Chinese Communist Party on Thursday passed a resolution declaring his leadership to be a “historic landmark,” same as Mao Zedong and Deng Xiaoping. Yes, Mao…
“#International Space Station to maneuver higher to avoid satellite junk” MOSCOW, Nov 10 – The International Space Station will perform a brief maneuver on Wednesday to dodge a fragment of a defunct Chinese satellite, Russian space agency Roscosmos said. The station crewed by seven astronauts will climb 1,240 meters (4,068 feet) higher to avoid a…
“# Hong Kong firm to offer insurance for Asian cryptocurrency holdings ” A major Asian insurer has ventured into Bitcoin (BTC), in an attempt to provide a model for other businesses in the field. Multi-line insurance firm OneDegree announced on Thursday that it is partnering with Hong Kong Bitcoin Exchange (HKbitEX) to provide protection for…
“# Chinese retail giant JD accepts digital yuan payments for Singles Day ” E-commerce giant JD.com took payments in China’s central bank digital currency (CBDC) at a massive local shopping event. JD.com accepted digital yuan (e-CNY) for payment on its e-commerce application for the Singles Day promotion period which began on Oct. 31 and ended…