China’s ‘Epic Confrontation’ Warning Accelerates Stock Bubble Fears

The U.S. stock market prepares for a 2% drop in 2 days after China’s retaliatory actions. Beijing ordered the U.S. to shut down its consulate in Chengdu within the next 72 hours. Hu Xijin, the editor of Chinese state-owned publication Global Times,  has accused U.S. Secretary of State Mike Pompeo of igniting an “epic confrontation”. […]

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Bubonic Plague Makes a Comeback in China. 2020 Couldn’t Get Crazier

The infamous Bubonic Plague, also known as the ‘Black Death,’ has claimed two lives in Western Mongolia and infected a few in the Chinese region of inner Mongolia. 2020 has been full of surprises, but this latest development takes it to another level. China has become a Petri dish of deadly diseases lately. Judging by […]

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What if They Had a Bitcoin Ban and No-one Cared?

If the recent issues surrounding bank account closures and domestic media warnings were supposed to scare Chinese attendees away from the two-day Global Bitcoin Summit starting in Beijing Saturday, someone forgot to tell everyone. The main 400-seat auditorium was regularly full on the first day for the event’s keynote speakers, which included Roger Ver, Aaron […]

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Bitmain Infighting Hurts Clients as Co-Founder Halts Miner Shipments

Its employees have been forced to choose sides but now Bitmain’s customers are also in the middle of the escalating power struggle at the world’s largest bitcoin miner manufacturer. Chinese crypto media BlockBeats reported on Wednesday that since his return in early June, once-exiled co-founder Micree Zhan has halted a Shenzhen subsidiary of the Beijing-based […]

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1 Million Computers Hacked to Mine $2 Million-Worth of Cryptos

Cryptocurrency mining malware that infected over a million computers in China reportedly earned its creators more than $2 million over two years. According to a local news report on Monday, police in China’s Da Lian city have arrested 20 suspects from a computer technology firm who allegedly gained control of the large number of computers […]

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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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