State-Run Chinese Newspaper Economic Daily Warns Against ‘Betting Big’ on the...
Economic Daily, an economic newspaper run by the Chinese state, has published an article noting problems with investing in the metaverse. The article says that metaverse investments might not be suitable for all regions of the country, comparing the trend to the explosion of new green energies not long ago. Economic Daily Warns of Metaverse Euphoria While the metaverse has become a hot topic after the Covid-19 pandemic, some have been criticizing the euphoria surrounding it. Economic Daily, a state-run newspaper in China, has dedicated a whole article to warning Chinese citizens about....
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A Chinese state-run newspaper has published an article warning about bitcoin’s price falling to zero amid the crypto market sell-off. Meanwhile, financial regulators in Shenzhen have issued a new warning about cryptocurrency. State-Run Newspaper Warns About Bitcoin Becoming Worthless China’s state-run newspaper Economic Daily published an article warning about bitcoin Wednesday, according to SCMP. The nationwide newspaper is directly under the control of the Central Committee of the ruling Chinese Communist Party. The article warned that investors should beware of the risk of....
Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency. The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.” The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market cap to further dissuade citizens from adopting the use of crypto.The Economic Daily report says the west is....
Considering how the PBOC has not cracked down on Bitcoin yet, this news could be positive news for cryptocurrency. For several years now, there have been doubts regarding the accuracy of Chinese economic data. Experts have stated how the county government tends to inflate numbers, making things look far better than they are. A new report supports these claims, as local officials have apparently been cooking the books for several years. China’s economy is in a far worse state than most people anticipated. Governor Chen Qiufa of Liaoning admitted false statistics have been provided to the....
For Chinese investors, including Justin Sun, FOMO has surpassed fear of losing money.
Following a national security probe, pro-democracy Hong Kong newspaper Apple Daily printed its final edition and shut down its website. Hong Kong cyber-activists are not giving up on the freedom of speech and are backing up articles from the pro-democracy tabloid newspaper Apple Daily using blockchain technology.Following a national security probe, Apple Daily printed its last edition on Thursday. But Hong Kong activists took it from there and uploaded the publication’s articles on a distributed network, Reuters reported.21-year-old Ho, an anonymous activist working in tech, started....