Chinese Bitcoin Giant BTCC Launches Global Crypto Exchange ‘DAX’ with Ethereum Classic

Chinese Bitcoin Giant BTCC Launches Global Crypto Exchange ‘DAX’ with Ethereum Classic:

BTCC, the operator of China’s oldest bitcoin exchange, has launched a ‘pure crypto-to-crypto exchange’ in BTCC DAX, with Bitcoin/Ethereum Classic (BTC/ETC) as its first trading pair.

Launched today at 10:00 AM (UTC) with customer deposits enabled, BTCC DAX will see trading go live tomorrow on Tuesday, June 27th, at the same time.

H/t reader kevin a.

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The bizarre Chinese trend to hire white people to stand around at events

The bizarre Chinese trend to hire white people to stand around at events:

IN ONE of the most surreal moments of David Borenstein’s short career as a “white person for hire” in China, he pretended — in front of hundreds of people — to be part of an internationally renowned band despite the singer not being able to sing and the musicians barely knowing their way around an instrument.

At one event, they dressed up as British beefeater soldiers, some in ill-fitting fancy dress suits, and simply stared ahead, mute. Other foreigners would sit in fake houses in fake cities pretending to lead fake lives, where people would look at them longingly, eager for some of that fake international pizzazz to rub off.

H/t reader kevin a.

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Infrastructure ‘Stimulus’ – Chinese Ghost Cities & The Big Money Drain

What if all these empty cities were built, not to create an artificial GDP boost, but for the time after the coming earth changes (which have nothing to do with non-existent global warming), when all the big cities anywhere near the coast will be totally destroyed and wiped off the map? What if the Chinese government knows exactly what is coming our way?

Infrastructure ‘Stimulus’ – Chinese Ghost Cities & The Big Money Drain:

As President Trump’s “Infrastructure Week” comes to an ignominious end, NIRP Umbrella’s Alex Deluce reminds us that spending money on bridges to nowhere and cities of the future is anything but the stimulating panacea it is talked up to be

Is a Chinese credit bubble in the cards? Well, it will be interesting to see if China’s authorities can get through the unwind of US $3 trillion worth of excess credit and the distressed debt on banks’ balance sheets.

From 2009 to 2016, more than 10 trillion of Chinese investment was thrown at infrastructure, ghost cities, and corruption thanks to a helping hand from the Chinese banks and foreign lenders eager to participate in the Chinese growth story.

In fact, hundreds of new cities in China are essentially empty. The hope is that rural population someday move in.

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Bitcoin Surges Back Above $2450 After China Eases Exchange Controls

Bitcoin Surges Back Above $2450 After China Eases Exchange Controls:

Bitcoin has retraced over half its losses from last week‘s tumble, rallying back above $2450 oveenight after news that China’s three largest bitcoin exchanges are allowing customers to withdraw bitcoins from their accounts.

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Chinese Workers “Disappeared” While Investigating Ivanka Trump Brands

Chinese Workers “Disappeared” While Investigating Ivanka Trump Brands:

Chinese police are cracking down on labor activists attempting to expose sweatshop-like working conditions at a local factory that manufactures shoes for Ivanka Trump’s label. One activist working on the campaign has been detained, while two others have disppeared, and are presumably in police custody, according to Western media reports.

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A Cataclysm Awaits Us: Experts Warn Of “Worst Case Scenarios” Unfolding With “Danger Zone” From Summer Through November

A Cataclysm Awaits Us: Experts Warn Of “Worst Case Scenarios” Unfolding With “Danger Zone” From Summer Through November

H/t reader squodgy:

“It is gathering pace now.
Food inflation will start to have a real effect soon, then the seizing up of commerce worldwide will coincide with some Rothschild initiated event as they allow debt and currency to reset.

Last chance to prep.”

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“We Will Go To War; We Will Fight You”: China’s Xi Threatens Duterte If Philippines Drills For Oil

“We Will Go To War; We Will Fight You”: China’s Xi Threatens Duterte If Philippines Drills For Oil:

The Philippines’ outspoken president Rodrigo Duterte got a glimpse of the true snarling, belligerent Chinese dragon hiding behind the cheerful, globalist Panda facade earlier this week, when in response to a claim that his country was prepared to drill for oil in a disputed part of the South China Sea, China’s president Xi told him matter-of-factly that in that case he should prepare for war.

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Has China found the ‘energy of the future’? Beijing claims landmark success in mining flammable ice 4,000ft under South China Sea

Has China found the ‘energy of the future’? Beijing claims landmark success in mining flammable ice 4,000ft under South China Sea:

  • China discovered ice in the South China Sea in 2007
  • On March 28, a trial began where 16,000 cubic metres of gas was extracted daily
  • Minister of Land and Resources said it was a breakthrough in energy use

China has successfully mined flammable ice at sea after nearly two decades of research work.

The flammable ice was discovered in the South China Sea in 2007.

According to Chinese state run Xinhua, one cubic metre of combustible ice is equal to 164 cubic metres of natural regular gas.

H/t reader kevin a:
“This is the real reason China wants to claim the south China sea.”

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