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“#Joe Biden and China on a collusion course?: Goodwin” While reading a New York Times story about the Justice Department plan to drop serious charges against a Chinese tech executive, I looked for the Hunter Biden angle. It wasn’t a long search. After noting the 2018 arrest in Canada of Meng Wanzhou, the chief financial…
“#Kim Jong Un’s sister says North Korea open to ending war if conditions met” North Korea is open to officially ending the Korean War if the South ends its “hostile policies,” according to the powerful sister of North Korean leader Kim Jong Un. Kim Yo-jong made her unexpected statement in response to a renewed call…
“# It’s now or never — The US has to prepare itself for digital currency ” Welcome to the world of central bank digital currency, or CBDC, where big countries like China and small countries like the Bahamas are trying to mark their presence. It’s a world where 86% of the world’s central banks are…
“# All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone ” China bans Bitcoin (BTC), again. No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures…
“# Crypto has recovered from China’s FUD over a dozen times in the last 12 years ” The price of Bitcoin fell 8% today following “breaking” (read: weeks old) news that the People’s Bank of China, or PBoC, had declared all cryptocurrency transactions illegal. With that in mind, let’s take a nostalgic look at the…
“#Execs of bankrupt Chinese conglomerate arrested in crackdown” Chinese police have arrested the top two executives and co-founders of HNA Group, a bankrupt conglomerate that crumbled earlier this year after racking up nearly $90 billion in debt, the company announced Friday. The arrests come amid a broader crackdown by Chinese authorities targeting debt-laden companies that…
“#Huawei exec set to return to China after nearly three-year detention in Canada” The finance chief of Chinese telecom giant Huawei, who has been stuck in Canada since she was arrested three years ago, is set to head back home to China after striking a deal with the US Department of Justice on Friday. Huawei…
“# Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban ” The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall…
“# Morgan Stanley exec says Bitcoin is the ‘Kenny from South Park’ of money ” Morgan Stanley’s Dennis Lynch shared a light-hearted analogy during a discussion at Morningstar’s yearly investment conference today, claiming that Bitcoin’s insatiable ability to defy the odds and rise from both technical and fundamental adversity portrays that of the South Park…
“# Sound familiar? September 2017 China Bitcoin ‘ban’ sparked $20K all-time high in 3 months ” Bitcoin (BTC) dipped deeper to challenge $40,000 support during Sept. 24 as the dust settled on what analysts stressed was a false alarm from China. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView A classic bull run formula? Data from…