The Biggest Realignment in the US-China Relationship Since Nixon

How one of the world’s most important geopolitical relationships came to be what it is in 2020. The U.S.-China relationship has an outsized impact on global economics and politics. As that relationship comes even more into focus in the wake of COVID-19, this episode provides a historical primer.  Graham Webster is editor-in-chief of the Stanford–New […]

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Here’s Why Surging Gold Prices May Tee You Up for a Late-Year Plunge

Gold just had its best month since last August. But three converging factors point to a possible crash ahead. Central bank selling, deflation, and stabilizing oil prices all present grave threats to goldbugs. The gold price surged in April, posting its best month since August 2019. Unprecedented central bank and fiscal stimulus unleashed a flood […]

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WeChat Now Censoring Bitmain and Crypto Price Prediction Accounts

The WeChat messaging app is continuing its efforts to block official accounts that involve cryptocurrencies, now targeting those that distribute content for sales of bitcoin miners and cryptocurrency market analysis. The official sales channel of bitcoin mining giant Bitmain, which has the WeChat ID “antminersale,” appears to be blocked on Monday. As of press time, […]

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China Injects $4.7M Into Central Bank’s Blockchain Trade Finance Platform

The Chinese government has earmarked additional funding for a blockchain-based trade finance platform developed and led by the country’s central bank. The People’s Bank of China (PBoC) is to receive 32.35 million yuan (around $4.7 million) in “special funding” from the government over a three-year period for research and development into the trade initiative, officials […]

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China’s Biggest Bull Trend in 3 Years Makes Dow Jones Comeback Imminent

China’s A-shares market just saw biggest bull trend in three years. As major banks predict additional U.S. interest rate cuts by 2020, appetite from investors is expected to rise. The Dow Jones is already showing signs of recovery following Monday’s rally. China’s A-shares market – domestic stocks that are traded in the Shanghai and Shenzhen […]

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Chinese Blockchain Startup Hires VC Exec to Lead North American Expansion

Blockchain startup Conflux has hired Eden Dhaliwal, the former head of crypto at Outlier Ventures, as a managing director to lead its expansion in North America.  The Beijing-based firm is set to open an office in Toronto within two weeks. It is assembling a ten-person team to conduct research and seek local investors and business […]

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Beijing Can’t Save China’s Stock Market from a Coronavirus Reckoning

Chinese financial markets will open on Monday with a massive capital injection. By spending 1.2 trillion yuan to prop up the stock market, Chinese authorities hope to prevent a massive crash when trading resumes. The government’s efforts will fail. Chinese stock markets are set to reopen on Monday morning after an extended Lunar holiday break. […]

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Dow Futures Swing Wildly with Trump’s Breakthrough Trade Deal Reveal

Dow Jones Industrial Average (DJIA) futures swung back and forth on Tuesday morning. Phase one trade deal reveals China’s commitment to purchasing $200 billion U.S. goods. But analysts are skeptical about whether the agreement can be enforced. After two years of excruciating talks, tit-for-tat exchanges, and political theatre, President Trump’s phase one trade deal with […]

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Guangdong Blockchain Financing Platform Aims to Help Small Business

The Guangdong government launched a blockchain-based financing platform Thursday that will help small companies in the region receive loans faster from commercial banks.  The government-led project is supported by Alibaba’s fintech arm Ant Financial and OneConnect, a subsidiary of one of the largest Chinese insurers, Ping An Insurance, according to a media report from Sina […]

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Chainalysis Report on PlusToken ‘Scammers’ Blamed for Monday’s Crypto Selloff

The slide began at 18:28 UTC on Monday. In just seven minutes, bitcoin slipped 4 percent, to $6,800 from $7,085 according to data from Coinbase. In that time, ether took a bigger hit, dropping 7 percent from $140 to $130. Neither had seen such lows since Nov. 25, when the crypto markets suffered a temporary […]

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