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“# Standard Chartered launches blockchain trade platorm with Chinese fintech ” United Kingdom-based multinational banking firm Standard Chartered (StanChart) has launched a blockchain-powered trade finance platform through a joint venture with Chinese supply chain finance technology provider Linklogis. Dubbed Olea, the platform will aim to meet the needs of institutional investors that are “seeking opportunities…
“#America’s educational demise fails kids, cedes power to China” In the future, the most successful countries will have the sharpest minds. That’s good news for China. In the first week of August, the Center for Security and Emerging Technology, a think tank affiliated with Georgetown University’s School of Foreign Service, reported that “China is Fast…
“# China to ‘maintain a high-pressure situation’ on crypto, official says ” China has reportedly doubled down on its crypto crackdown with a public reminder stating that Bitcoin (BTC) and other virtual currencies “are not legal tender and have no actual value.” In a local media briefing, Yin Youping, the deputy director of the Financial…
“#Biden administration claims to have no clue how COVID started” Four months after taking office, President Biden suddenly directed US intelligence agencies to probe the origins of the coronavirus that — as everyone knows by now — came from China. Interesting timing this, perhaps prompted by the fact that he had just been caught canceling…
“# Bitcoin hashrate triples since June 28 in recovery from China syndrome ” The hashrate for the Bitcoin network has made a remarkable recovery since it crashed following China’s crypto mining clampdown earlier this year. The Bitcoin hashrate has now topped 150 Exahashes, or one quintillion hashes, per second according to data from analytics provider…
“# Chinese province to cut off Bitcoin miners from hydropower stations ” Regulators from Yingjiang County in Yunnan, China have issued strict warnings to hydroelectric plants against supplying power to enterprises involved in Bitcoin (BTC) mining. A recent report claimed that the Office of the People’s Government of Yingjiang County issued notice to hydropower plants…
“# Xiaomi India needs regulatory clarity to embrace crypto, says exec ” Xiaomi India — the subcontinent’s branch of the major mobile phone manufacturer — is interested in the cryptocurrency industry, but needs regulatory clarity from the government. The firm’s managing director, Manu Jain, said in an interview with The Economic Times, “We will want to wait…
“# Crypto ‘not protected by law,’ rules provincial high court in China ” Yet another blow has been dealt to China’s cryptocurrency community, with news of a new high court ruling in Northern Shandong province that has drawn out the consequences of crypto’s lack of legal status in the country. As the South China Morning…
“#China’s Mars rover completes 90-day mission” China’s Mars rover has completed its planned 90-day mission fully charged and in good condition, and will continue to explore, according to reports. The Zhurong rover would continue to explore Mars’ Utopia Planitia, the large area where it set down, the nation’s National Space Administration said Friday, according to…
“# DeFi needs more tangible assets on-chain to see a successful future ” In a business school lecture hall at the Massachusetts Institute of Technology (MIT), a senior executive for Safaricom gave a prediction of decentralized finance and the future of commerce to a room of keen but confused MBA students. “You will be able…