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“# Hong Kong securities official proposes stricter oversight of crypto trading ” A senior executive for Hong Kong’s Securities and Futures Commission, or SFC, believes more needs to be done to tackle cryptocurrency fraud, offering clues about future guidance on digital asset trading in the special administrative region. Deputy chief executive Liang Fengyi said the…
“#German ambassador to China dies less than two weeks into job” The German Ambassador to China, Jan Hecker, has died suddenly less than two weeks after taking up the job in Beijing. The 54-year-old’s death was confirmed by Germany’s Foreign Ministry on Monday. Hecker, who was a former foreign policy adviser to Chancellor Angela Merkel,…
“#China bans men considered ‘girly’ from appearing on TV” China’s authoritarian government on Wednesday banned men it considers effeminate from appearing on state television as its grip on the nation’s culture tightens. The edict is part of President Xi Jinping’s “national rejuvenation,” which demands businesses, schools, culture and religion adhere to the Communist Party’s vision…
“#China preps for Mars missions with mini helicopter prototype” BEIJING – China has developed a prototype miniature helicopter for surveillance work on future Mars missions, according to its space science agency, following the historic landing of a robotic rover on the Red Planet a few months ago. The prototype is similar in appearance to the…
“# China’s new blockchain infrastructure to digitize securities and futures ” Chinese regulators including the Securities Association of China (SAC) and the China Securities Regulatory Commission (CSRC) held a meeting in Beijing to promote blockchain in the securities industry and discuss regulations. In the symposium organized by China Securities Industry Alliance Chain and Off-site Alliance…
“# Korean firm will become first BSN portal operator outside of China ” Red Date Technology, one of the four founding members of the Chinese Government-backed Blockchain Service Network (BSN), has announced Korean firm MetaverseSociety as the first BSN portal operator located outside of mainland China. Twitter account “BSNbase” broke the news on Sept. 1,…
“# Genesis Digital Assets buys 20K Bitcoin miners after $125M raise ” The United States-based Bitcoin (BTC) mining company Genesis Digital Assets continues growing its cryptocurrency mining power with a fresh deal with Chinese crypto mining giant Canaan. Genesis has secured a purchase order for purchasing 20,000 Bitcoin miners from Canaan, the mining machine manufacturer announced…
“# Chinese banks explore e-yuan for selling investment funds and insurance ” Government-backed Chinese banks have reportedly started exploring new use cases for the digital yuan by allowing citizens to use it to buy insurance products and investment funds online. The South China Morning Post reported on Tuesday that leading Chinese banks such as Bank of…
“# Here’s how Bitcoin options traders might prepare for a BTC ETF approval ” Very few events can shake the cryptocurrency markets in a sustainable manner that really sends Bitcoin and altcoin prices into a sharp directional move. One example is when Xi Jinping, China’s President, called for the development of blockchain technology throughout the…
“#China cuts amount of time minors can spend on online games” SHANGHAI, Aug 30 – China has forbidden under-18s from playing video games for more than three hours a week, a stringent social intervention that it said was needed to pull the plug on a growing addiction to what it once described as “spiritual opium”….