and other cryptocurrencies was driven by the ruling Communist Party's concern that the technology could undermine its power.
"It would appear they don't love crypto," he said during an interview on stage at the Code Conference in Los Angeles on Tuesday."I suppose crypto is fundamentally aimed at reducing power of centralized government and they don't like that, is my guess."on Friday, and said foreign exchanges are banned from providing services to Chinese residents, in its strongest crackdown yet on the digital asset industry.
Musk has been a big fan of cryptocurrencies, including bitcoin and dogecoin, although his ardor has waned in recent months on concern about the environmental impact of mining these digital assets.
Crypto is like a stock. It isn't stable and recognized currency, which means people can lose everything they put into it.
Crypto’s only useful for criminele all others can use regular means of payment stop facilitating criminals elonmusk
No shit. 🙄
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What Can the U.S. Learn from China’s Crackdown on Crypto?China’s regulatory agencies on Friday cracked down on all cryptocurrency-related activity. Meanwhile, U.S. regulators continue to signal a desire to rein in the industry here at home. profgalloway explains what the U.S. can learn from China’s crackdown
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Morgan Stanley sees shares of this crypto bank jumping more than 50%New for subscribers: Morgan Stanley sees shares of this crypto bank jumping more than 50%. Check out CNBCPro today. Pro Fully agree. Been a long-term investor at $SI. Pro Bitcoin I’m doing $2,000 Challenge To $15,000 target In the next 20 days. We will work on Binancefuture & Coin-Pumps 30%+ daily earnings, Started 1 Weeks Ago, Already At $7,000 📲Who Wants To Join Us Can Contact Me, For More Info Pro No, I think I will still continue to trade cryptocurrencies and get much more profit.
Source: CNBC - 🏆 12. / 72 Read more »
China's factories, households grapple with power cutsGlobal shoppers face possible shortages of smartphones and other goods ahead of Christmas after power cuts to meet government energy use targets forced Chinese factories to shut down and left some households in the dark. - без китайских гаджетов - ни рождества, ни счастливой жизни - для вас (вот чем всех купили китайцы)?! Apple deserves to every bad hit that working with china brings. No new phone, SO!
Source: ABC - 🏆 471. / 51 Read more »
China's factories, households grapple with power cutsGlobal shoppers face possible shortages of smartphones and other goods ahead of Christmas after power cuts to meet government targets forced Chinese factories to shut down and left some households in the dark. Goes to show how dependent rest of the world is on China. It is a self inflicted problem.
Source: ABC - 🏆 471. / 51 Read more »
China's factories, households grapple with power cutsBEIJING (AP) — Global shoppers face possible shortages of smartphones and other goods ahead of Christmas after power cuts to meet official energy use targets forced Chinese factories to shut down and left some households in the dark. stunning and brave! I'm sure the white liberals can do without smartphones for the sake of the great cause of fighting climate change. Good, less consumption more climate crisis mitigation. China just making the world’s issues harder every single day it seems
Source: AP - 🏆 728. / 51 Read more »
China Power Outages Pose New Threat to Supplies of Chips and Other GoodsChinese factories are finding it harder to operate as they contend with coal shortages and efforts to control energy consumption I hope we don’t need that many “made in China” goods after all.
Source: WSJ - 🏆 98. / 63 Read more »