The slow motion flailing of empires against one another continues as the Shanghai International Energy Exchange has begun pricing crude oil contracts in the Chinese Renmibi rather than that other paper currency. (archived)
Argentina announced that last week it had fired at a Chinese flagged fishing vessel, Jing Yuan 626 and failed to capture the vessel after an 8 hour pursuit. (archived)
Apple surrendered to Oriental Socialism and moved encryption keys for Chinese users to Chinese servers at the behest of Party officials. According to Reuters, 'Chinese authorities can now get a Chinese legal order and tell Apple to hand over user data. Apple will have no choice but to comply with the order." Apple already complies with U.S. Department of [in]Justice requests, and appears poised to work with "Party officials" worldwide. The Chinese just get preference for assembling the merchandise.
Reports are emerging that the Communist Party of China is set to remove lines from their constitution which limited Presidents to two consecutive terms at their upcoming Chicom party congress (archive). This move appears to be a step in the direction of the Chicoms committing to 64 year old General Secretary and President Xi Jinping for the rest of his natural or unnatural life.
The Chicoms have seized local conglomerate with international holdings Anbang and turned it over to the Chinese Insurance Regulatory Commision nominally to "protect the rights and interests of consumers."
The Ford Motor Company announced to day that it would become the first "American" automaker to outsource the manufacturing of a whole passenger car model to China. Ford will be relocating production of it's runty, low margin, and slow selling "Focus" to China while the plant in suburban Detroit currently producing the Focus will be retooled for pickup truck and SUV production.
Previously, mainstream US vehicular imports from China were limited to parts while upstart brands bringing whole vehicles to the US from China typically import budget vehicles with "off-road use only" import papers and street tires to increase their affordability for cash poor American consumers.
Bitfinex self reported that their fiat-side banking partners in the Republic of China1 are going to soon stop doing banking work for them on the bank's initiative. This is in line with the other China's attitude towards their fiat emphasized fiat/Bitcoin interfaces. Sorry for your loss, butt fun while it lasted.
also known as Taiwan, Island China, or Little China ↩
The "30 Day" suspension of Bitcoin withdrawals from Chinese fiat/Bitcoin interfaces has now passed the 61 day mark with no sign of being lifted. The suspensions began when assorted "wreckers" at Chinese fiat/Bitcoin interfaces began collaborating with wreckers at the People's Bank of China instead of dumping the fiat Chinese renminbi. To be clear 61 days is more that 30 days. It is 30 days followed by another 30 days and still another day with no relief in sight for the bagholders. Sorry for your loss.
Today on St Louis's evening fake news, sportscaster Frank Cusamano of KSDK referred to "Chinese Taipei"1 as China in an aggressive move demeaning the socialist cucks at the People's Republic of China. The People's Republic of China instead lost Thursday's game 11-0 via the "mercy rule" to the Australian national team following a tournament opening 6-0 loss to Cuba. It has yet to be seen if the embarrassment of owning their losses will be overcome with a statement from the People's Republic admonishing Cusamano for his transgression against the "One China" myth.
Also known as Taiwan or The Republic of China ↩
The People's Bank of China has again coordinated with a number of Chinese fiat/Bitcoin interfaces to implement new regulatory requirements. This time anti-money laundering suggestions have lead to 30 day suspensions of Bitcoin withdrawals at Huboi and OKCoin while they explore their compliance. Withdrawals of legacy fiat currency and deposits remain available at these interfaces. Other measure being implemented across Chinese fiat/Bitcoin interfaces involve an end to zero fee trading.
The continued interest by the People's Republic's central bank towards Bitcoin this year along with the surprise emergence of Chinese monophone pool operators from nowhere with allegiance to ongoing network coup attempts demonstrates an increasing amount of statal aggression by China towards Bitcoin.