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“#US-listed Chinese stocks plummet amid government crackdown” Shares of three Chinese companies that recently went public on US exchanges plummeted on Tuesday as investors reacted to news that the Chinese government is investigating the tech firms. Shares of ride-hailing giant Didi tanked more than 25 percent at the open Tuesday morning to about $12 per…
“# Censorship resistance: Hong Kong’s Apple Daily archives preserved by artist Kevin Abosch ” From June 20 1995 until June 23 2021, Hongkongers concerned about growing Chinese influence in the Special Administrative Region had at least one local media outlet in their corner. Apple Daily was known for its pro-democracy stance, when not covering sensationalist…
“# China proves Bitcoin is an unstoppable machine: Bitcoin Center founder ” China’s crackdown on Bitcoin (BTC) mining continues to face determined responses across the crypto ecosystem. One of the first BTC exchange operators and co-founder of Zap Protocol, Nick Spanos, said that the crackdown only proves Bitcoin is an unstoppable machine “if the world’s…
“# Crypto mining firm Argo Blockchain eyes secondary Nasdaq listing ” Argo Blockchain, a publicly traded blockchain technology company focused on cryptocurrency mining, is looking at a potential secondary listing on the Nasdaq exchange. On Tuesday, the company announced that it is now exploring the possibility of a secondary listing on the Nasdaq as part of…
“#China cracks down on homegrown tech companies traded in US” The Chinese government on Monday broadened its crackdown of the country’s homegrown tech companies — targeting two more firms that recently started trading on US exchanges. The Cyberspace Administration of China announced Monday that it’s investigating two subsidiaries of Full Truck Alliance as well as an online…
“#Chinese astronauts make first spacewalk outside new station” BEIJING — Two astronauts on Sunday made the first spacewalk outside China’s new orbital station to set up cameras and other equipment using a 15-meter-long (50-foot-long) robotic arm. Liu Boming and Tang Hongbo were shown by state TV climbing out of the airlock as Earth rolled past…
“# China crypto ban a ‘huge opportunity for Canada,’ mining group head says ” China’s regulatory crackdown on cryptocurrencies continues to alienate major miners. Dubai-based investment company IBC Group reportedly plans to end Bitcoin (BTC) and Ether (ETH) mining operations in China following ban announcements from the different provinces across the country. The group has…
“# Japan’s finance industry awaits clearer picture of digital yen in 2022 ” Japan will have more clarity on the design of its central bank digital currency no earlier than late 2022, according to a ruling party official. Hideki Murai, head of the ruling Liberal Democratic Party’s panel on digital currencies, said that the Bank…
“#China investigates Didi over cybersecurity days after huge IPO” Didi Global’s shares fell more than 10 percent in New York on Friday after China’s cyberspace agency said it had launched an investigation into the Chinese ride-hailing giant to protect national security and the public interest. The Cyberspace Administration of China (CAC) said on its website that Didi was…
“# Huobi imposes 24 hr crypto withdrawal delay to dampen speculation ” Huobi Global, currently the world’s second-largest crypto exchange by daily traded volume, has introduced a 24-hour token withdrawal delay for all over-the-counter (OTC) trades. The decision strikes a blow to all Huobi users, some of whom will moreover be prevented from withdrawing their…