Chinese defense minister Wei Fenghe, while declining to explicitly name the USG, condemned the USG's instigation of "color revolutions" and unrest around the world (archived).
Wanton interference in other countries’ affairs will never win. Interfering in other countries’ domestic affairs, instigating a color revolution or even attempts to subvert the legitimate governments of other countries are the real causes of wars and unrest in different regions
Used for force projection in past decades, US aircraft carriers appear to be increasingly vulnerable to comparatively inexpensive anti-ship missiles weilded by regional powers and an attack on Iran by the USG would lead to a test of this hypothesis. At a time when the US, increasingly distant allies, and client occupation governments are strugging against non-state actors an attack on Iran is more likely to continue the USG's embarrassment streak than rebuild waning credibility.
China has begun dipping its toes into the evils of extraterritorial jurisdiction pioneered by the USG. China's Civil Aviation Administration has begun issuing letters demanding that businesses follow Chinese anti-separatism laws and cease distinguishing between mainland China, special administrative divisions like Hong Kong and Macau, and territories including Formosa1 not yet under the Beiing government's control (archived).
Reddit user zanetackett, Director of Community and Product Development for Bitfinex, is now claiming that losses total 119,756 BTC in the hack reported on earlier today. Attackers were apparently able to obtain the offline keys used for the multisig setup used by the exchange, though Buttfinex officials have yet to comment on the exact attack vector. The company further states that "their insurance does not cover these losses" and that "Any settlements will be at the current market prices as of 18:00 UTC" which was just at $600 per coin.
Hong Kong based Bitcoin exchange BitSpark has announced (archive) its decision to "temporarily retire" its exchange, opting instead to shift attention to remittances across the Philippines, Indonesia, Australia, Hong Kong and China. As part of that change of direction, BitSpark intends to launch a remittance focused product later this month at the 2015 Innotribe semi finals in Singapore. Continue reading →
Amid calls for the regulation of Bitcoin in the aftermath of the MyCoin debacle, Reuters reports that the Hong Kong government has rebuffed requests for new legislation aimed at curtailing the use of Bitcoin because it is unlikely to have a significant impact on the Hong Kong financial system.
Responding to questions asked in the Legislative Council, Professor KC Chan of the Financial Services and the Treasury Bureau said that bitcoin is not legal tender, that the price is volatile and that its use as a medium of exchange in Hong Kong is negligible. For these reasons, Professor KC Chan believes there is no need for the government to consider the introduction of new legislation to regulate or prohibit Bitcoin at this time. Continue reading →