The CEO of China’s Blockchain-based Service Network (BSN) and Red Date Technology Yifan He called the crypto industry a Ponzi scheme in an article published in the state media.
Monthly Archives For June 2022
Chinese blockchain developer calls crypto a Ponzi scheme
Cryptocurrency is a huge Ponzi scheme, Blockchain-based Service Network (BSN) — the developer behind China’s state-backed blockchain infrastructure — said on Sunday. See related article: China’s BSN …
China predicts bitcoin will become worthless
A Chinese Communist Party-controlled newspaper has issued a dire prediction about the world’s most popular cryptocurrency.
Asian IPOs so far this year all about Chinese deals
Proceeds from Chinese IPOs climbed to a record share within Asia-Pacific, bucking a drop in the region. Read more at straitstimes.com.
Nike forecasts downbeat quarterly revenue on lingering China worries
Fashion retailers in China are also stuck with piles of unsold … related to its decision to exit Russia and transition of business models in a few South American countries.
Tech leaders show interest in China
Global technology leaders and investors who gathered at North America’s fastest-growing tech conference showed a great interest in the Chinese market and technical cooperation. As one of the largest …
China hands over additional 10 mln COVID-19 vaccine doses to Ethiopia (2)
Ethiopian Minister of Health Lia Tadesse (L) and Chinese Ambassador to Ethiopia Zhao Zhiyuan exchange documents during a handover ceremony of the Chinese COVID-19 vaccine in Addis Ababa, Ethiopia, on …
Australia commits to Pacific islands defence training as China seeks rival meeting
Australia will establish a defence school to train Pacific island militaries, Canberra’s new Pacific minister said, amid intensifying competition for security ties and as Beijing seeks to host a rival …
China’s iQiyi Defies Takeover Gloom With 213-Title Summer Slate
Chinese streaming service iQiyi is uploading a huge slate of drama series, films and variety shows for summer. Many were teased as part of a 213-title splurge in May. The drama series lineup includes …
Shenzhen bans drones and small aircraft during celebrations on Hong Kong SAR’s 25th anniversary
To ensure safety of the upcoming celebrations on 25th anniversary of Hong Kong’s return to the motherland, Shenzhen has banned drones and other small aircraft in the city for six days, the local …
Beijing and Shanghai Back at Zero Covid Cases After Four Months
China’s two largest cities have contained Covid-19 following a bruising four-month fight that saw millions of residents locked in their homes, exhaustive testing and restrictions on daily life that …
Beijing’s primary, middle schools reopen as COVID-19 wanes
Beijing’s primary and middle school students returned to campus on Monday after over 50 days of remote education due to a local COVID-19 resurgence. Students in the first two years of junior high and …
Beijing allows primary and secondary schools to reopen after two months
Beijing relaxed a major Covid-19 restriction on Monday (June 27) after two months, even as its party chief vowed to normalise the capital city’s pandemic controls and stick to China’s zero-Covid …
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