China Tech Buzz

Tech Buzz for the Middle Kingdom

China bans crypto, Marvel film ‘Shang-Chi’ and ‘effeminate men.’ This is what they share.

China declared all cryptocurrency transactions illegal Friday, trying to shut down its citizens’ use of digital currencies that operate free of government control. It was just the latest in a spate of restrictions President Xi Jinping’s Chinese Communist Party is imposing. That the isolationist measures are becoming more drastic has a silver lining: They’re a sign of how increasingly difficult and elusive such government control is in a globalized economy and social media age. Last week, the Chinese equivalent of TikTok, a short-form video app called Douyin with 490 million users, announced a 40 minutes-a-day restriction for its users under the age of 14. The gaming industry was similarly impacted by a sweeping crackdown on youth video game playing, which became restricted to one hour a day on weekends and public holidays . “Sissy idols” and “ effeminate men ” are now banned from the media. And more traditional censorship is still going strong, with China refusing to allow Marvel’s blockbuster film “ Shang-Chi and the Legend of the Ten Rings ” to open in its theaters. Though bans on effeminate men and cryptocurrency might appear to have little in common, they are both emblematic of the way Xi and his party want to keep China free of foreign and individualistic influences, with these crackdowns furthering his goal of greater control over all aspects of Chinese economy, culture and education. While the displays of power are deeply damaging for the individuals harmed by these moves, the fact that the isolationist measures are becoming more drastic has a silver lining: They’re a sign of how increasingly difficult and elusive such government control is in a globalized economy and social media age. Many of the new restrictions on social media, video games and other adolescent pastimes have been deemed “proactive measures” in response to China’s tightened minor protection law, which purportedly seeks to “protect the physical and mental health of minors” through strict mandates on the amount of time minors spend online. The same is true for the ban on “sissy idols” and “effeminate men,” being enforced by China’s National Radio and Television Administration, and the push to curb fan groups to reduce their “chaotic” influence on youth and culture. As a result, multiple fan accounts for BTS, BLACKPINK and other K-pop , or South Korean pop music, bands have been suspended on Weibo, a Chinese social media platform with half a billion monthly users . The tightened controls originate with Xi, now president for life , and are part of a plan for a “national rejuvenation” to rid the country of the influence of “low moral values” and to stop “irrational behavior.” As such, the repression has a two-fold effect. Most directly, it allows the government itself to mold young minds to its specifications and curtail exposure to foreign points of view. More subtly, it undermines the authority of parents, who are usually the ones contending with how much time their children spend on social media and video games or what music they can listen to and which celebrities they can pin up on their walls. In other countries, private negotiations take place within families on screen-time restrictions. Parents may have conversations about values that celebrities stand for and whether they agree with them. In China’s framework of civil rights and ideology, it’s the government that enforces a strict and uniform mandate. Foreign-originated art is the most threatening to the Chinese government. No matter how deferential a production like “Shang-Chi” is to Chinese culture, with much of the film performed in perfect Mandarin and plot points inspired by Chinese myths, it is an Asian American film at its core. Co-written and directed by Asian American filmmaker Destin Daniel Cretton and starring leads from the Asian diaspora , such as Simu Liu and Awkwafina, the movie’s primary themes reflect American ideals of moving on after the loss of a loved one and following independent, unconventional paths. The government of China and its state-run media have many means of exerting strict control over its own national celebrities. In one chilling recent example, megastar Fan Bingbing faced accusations of tax evasion before disappearing and reappearing four months later with a public apology and promise to pay a $70 million fine. After initially denying the accusation, she told The New York Times after the ordeal that her absence helped her “calm down” and “think seriously” about what she wants from her future. Since then, Fan’s social media accounts have included rebroadcasts of key political messages aligned with the Chinese government. Other big-name celebrities have also faced heavy fines in seemingly selective enforcement of tax evasion charges as well as censorship without explanation, arguably for becoming too influential and therefore potentially a source of power independent from the government. But banning access is China’s strongest muscle to flex over foreign influences — so it flexes it often. Oscar-winning filmmaker Chloé Zhao, who moved away from China at age 15 , became a persona non grata after her negative remarks about her birth country in a 2013 interview surfaced. Her film “Nomadland” and its history-making accolades were censored by Chinese media . Zhao’s upcoming November film — “Eternals,” the next Marvel installment after “Shang-Chi” — is expected to be banned as well. While it might be obvious that Friday’s cryptocurrency ban has an economic dimension, these new social and cultural restrictions also have a troubling economic aim . For the first time in motion picture history , the most recent worldwide top-grossing films have been Chinese productions, 2020’s “The Eight Hundred” and, so far in 2021, “Hi, Mom,” instead of the typical Hollywood blockbusters. Though this is largely due to delayed releases and other consequences of the pandemic, it might have inspired China to implement isolationist economic policies in favor of its own entertainment industry, with the ban on “Shang-Chi” just the latest example. Furthermore, China’s ban on “effeminate men” from entertainment seems to target wildly popular K-pop acts that enjoy fervently dedicated fan bases. The government’s restrictions decrease consumer spending that benefits neighboring nations rather than the Chinese music industry. South Korea’s global music sensation BTS, which reports an astounding annual revenue of $4.65 billion , was met with anger and censorship in China last year when the band leader made comments about the Korean War. But everyday people are fighting these battles for cultural control in what could soon be the world’s largest economy . Quiet acts of rebellion occur in China every day. Citizens take on great risk to find work-arounds on restrictions, such as using another person’s login or watching movies illegally. Where the fandom and appetite is strong enough, the art and the messages of banned media like “Shang-Chi” are still likely to reach their audiences, even if pirated copies are the only way to make it happen (though video game restrictions are trickier to thwart, with at least one Chinese company using facial recognition software to implement controls). Whatever content and transactions Beijing is effective in limiting, the sheer volume and scope of the restrictions underscore what a colossal task China has in imposing this order. Ultimately, these social and economic measures may well drive more Chinese citizens to leave the country, producing the next generation of trailblazers like Chloé Zhao and Simu Liu. The post China bans crypto, Marvel film ‘Shang-Chi’ and ‘effeminate men.’ This is what they share. appeared first on NBC News .

Chinese government declares all cryptocurrency transactions illegal

China’s central bank reiterated its stance on cryptocurrency on Friday, releasing a memo that banned cryptocurrency transactions and made it illegal for overseas exchanges to provide services to people in China. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China [said in a notice](javascript:void(0)) posted to its website on Friday afternoon. Bitcoin mining 101: How to build a cryptomining rig Interested in building a system for mining cryptocurrency? Here’s all the hardware you need and what you need to know to get started. [Read More](javascript:void(0)) They slammed cryptocurrency for “disrupting economic and financial order” and facilitating “illegal and criminal activities” like gambling, fraud, pyramid schemes, money laundering and theft. Also: [Bitcoin and 11 more cryptocurrencies you need to know](javascript:void(0)) The notice explicitly names Bitcoin, Ether and TEDA, noting that they do “not have the same legal status as legal currency.” “They are not legal and should not and cannot be used as currency in the market,” the notice said before listing all of the activities related to cryptocurrency that are now banned. These include running virtual currency exchange businesses, buying and selling virtual currencies as a central counterparty, providing information intermediary and pricing services for virtual currency transactions, token issuance financing, virtual currency derivatives transactions and more. Chinese government entities have [long taken issue](javascript:void(0)) with [cryptocurrencies](javascript:void(0)) and in May, three state-backed financial groups [issued a joint statement](javascript:void(0)) warning against the use of cryptocurrencies as payment, citing their volatility as a high risk. The National Internet Finance Association of China, China Banking Association, and Payment and Clearing Association of China [demanded](javascript:void(0)) that its members refrain from being involved in transactions dealing with cryptocurrencies. Also: [What is crypto? The business starter guide to cryptocurrency](javascript:void(0)) Cryptocurrencies have been banned for many years in China but citizens are able to access coins through other means. China has also spent years working on [its own digital currency](javascript:void(0)) . Chinese vice premier Liu He [said in May](javascript:void(0)) that the country also needed to take a firmer stance against cryptomining. The statement from He led to multiple cryptocurrency mining operators shutting down their activities. Researchers [recently estimated](javascript:void(0)) that China accounts for more than 75% of Bitcoin’s hashing power or calculations, fueled by China’s access to hardware and cheap power. The Wall Street Journal [noted](javascript:void(0)) that the mining is bolstered by hydropower centers in Sichuan and Yunnan as well as coal from Xinjiang and Inner Mongolia. The news on Friday caused Bitcoin prices to fall 4% and Ethereum prices to fall more than 7%, according to CoinDesk. Article source: https://www.zdnet.com/article/chinese-government-declares-all-cryptocurrency-transactions-illegal/#ftag=RSSbaffb68

From LeBron James on 2003 NBA draft night to David Beckham and Lewis Hamilton,...

The 2003 National Basketball Association (NBA) draft is widely considered to have had the most talented collection of college and high-school players ever to enter the world’s top professional basketball league. Four future hall-of-fame players were selected in the top five picks that night: Chris Bosh, Dwyane Wade, Carmelo Anthony and the No 1 pick, LeBron James, the 18-year-old phenomenon from Akron, Ohio. At the end of the evening, as the NBA does with every draft class, a group photo was taken, and that snap captured a moment in sporting history that has also become notorious in fashion history. Despite the immense height and size of James, Wade and company, the striking thing was how baggy and ill-fitting their suits were. The six-foot-11 (2.1 metre) Bosh wore a taupe suit with a lab coat for a jacket. Wade chose to go conservative with a navy suit that still appeared far too big and which he later admitted made him look like a preacher. Anthony’s grey suit had a collar with no lapels and six jacket buttons reaching nearly to the knot of his tie. And James, the man who continues to dominate the NBA to this day, wore an all-white, all-baggy number to denote his messiah status. As much as the 2003 draft class is revered for its talent and success on the court, it is routinely roasted for its sartorial choices on the night. “We got enough fabric on these suits to clothe the entire country,” said Wade last year. “It’s funny when I look back at it and I thought I was, like, doing the right thing.” Fast-forward to the first game of the 2018 NBA Finals. On his walk to the locker rooms, James stole the headlines again in both the sports and fashion press. The NBA’s most famous player sported an US$87,000 outfit: a custom-made Thom Browne suit with shorts instead of trousers, Thom Browne leather wingtip boots and alligator-skin bag, Jacques Marie Mage sunglasses and an Audemars Piguet watch. As an indication of how much things have changed in the NBA, the walk to the locker room has itself become a de facto catwalk show. The social media account @leaguefits, with just under 750,000 followers on Instagram, posts the most fashionable game-day “fits”, and it has become an open secret that stars direct-message the account, sometimes during the game, in an attempt to make the cut. The next Lacoste? 7 tennis stars serving up ace fashion lines This is being repeated in the United States’ National Football League, the English Premier League, Formula One racing and with any pro athlete with a sizeable social media following. Today, pro athletes are as likely to appear front row at fashion shows as musicians and actors, and just as likely to be courted by luxury brands desperate to dress them. A factor pushing athletes to fashion-influencer status has been the shift in the way we dress – and the rise of athleisure. This hybrid clothing that can be worn at the gym or on social occasions “has been a strong trend throughout the past years”, says Chris Kyvetos, menswear buying director at online luxury retailer Mytheresa. “It stands to reason that athletes would be a great way to represent the trend and that’s why they are now considered fashion icons.” Traditional sports brands such as Nike, Adidas and Puma have been elevated to high fashion, and collaborations have often leveraged the visibility of pro athletes. Puma’s coup in signing Brazilian footballer and former Nike star Neymar Jnr has led to the brand pushing out a rash of signature clothing collections for all occasions, ranging from affordable to premium in price. Luxury brands are producing sports-led collections even when the link is tenuous at best. “You have fashion brands creating products for almost every sport nowadays,” says Arby Li, vice-president of content strategy at streetwear fashion site Hypebeast, “Off-White for running, Undercover for basketball, Louis Vuitton for skateboarding, Matthew Williams for Nike training gear.” Li feels that links between athletes and fashion are nothing new but the environment has changed due to the internet. “Athletes have always been used as marketing assets for fashion brands, but we’ve just seen an increase in focus on what they’re wearing probably due to social media.” Li points to the example of David Beckham, who, in the early 2000s, was an early and hugely successful crossover fashion-sports star, and suggests that social media has “levelled the field” for athletes to be just as influential as music and film personalities. “[Sports stars] have always been part of the fashion establishment,” Li says, “we’re just seeing it more nowadays.” Formula One motor-racing champion Lewis Hamilton has taken full advantage of his status to shill product, and even middling talents such as P.J. Tucker and Kyle Kuzma in the NBA, or Manchester United’s Paul Pogba have perhaps become better known for fashion than their sporting prowess. In the case of Tucker, the NBA’s “sneaker king”, his reported 5,000-pair collection has led to fashion-specific deals with eBay and a special collection with Nike. Just this month he was in Venice promoting his new sneaker collaboration with Dolce & Gabbana. Kyvetos says this is a smart approach. “Sneaker brands created by athletes are likely to be successful long term,” he says, “but ready-to-wear is probably a bit more difficult. Luxury ready-to-wear in particular is a difficult space, even for influential creatives and artists.” To avoid the pitfalls of production and to push more fashion-forward collections, plenty of stars have linked up with smaller, independent labels. “We have seen a few collections that are success­­ful and sell out,” says Charlotte Browning, fashion strategist at trend forecasting company WGSN, pointing to NBA star Serge Ibaka’s capsule collection with Canadian outerwear brand Nobis, as well as basketball player Russell Westbrook’s collaboration with now-defunct high-end retailer Barneys. “Athletes have seen successful launches using their immersive social media following to their advantage. They are able to get direct feedback from their followers, who are most likely to be their primary customer,” says Browning. James’ journey, though, is the lodestar for the elite athlete becoming a fashion icon. If there is one person responsible for his transformation it is former stylist Rachel Johnson, who has also styled the likes of Victor Cruz, Cam Newton, Amar’e Stoudemire and now works with former NFL quarterback Colin Kaepernick. It is perhaps more accurate to consider Johnson as a change-maker rather than a stylist. Introduced to James via rapper Jay-Z, Johnson felt the basketball player needed a deeper connection with fashion that could only come from fashion houses nurturing a better understanding of athletes. “I knew that in order for LeBron to be respected from a style standpoint, that he needed to be wearing recognisable, historic brands,” Johnson told Business Insider. “Coming from a fashion standpoint where they just didn’t understand men of this stature, they didn’t necessarily understand the athletic world, I had to bring these two worlds together in a way that both of them could understand each other’s language.” When she started working with athletes, Johnson would have to fly her clients to France and Italy to have them measured in person, as the tailors in the studios could not conceive the measurements they were being sent from the US. Johnson pushed her athletes to embrace the drama and Cruz, a former player for the NFL’s New York Giants, was among the first to regularly appear runway-side and became the face of Givenchy in 2015. A far cry from draft night in 2003, when four future global stars made such an unfortunate first impression. These days, beholden to social media and the commercial opportunities it can bring, athletes are striving ever harder to be seen as fashionable, which creates a whole new kind of sartorial issue. “Ironically, as everyone focuses on looking unique,” says Li, “everyone ends up wearing similar brands most of the time.”

Crypto ban: Huobi terminates operation in China

TL;DR Breakdown - Huobi stops servicing users in China amidst crypto ban. - Other exchanges may soon stopservicing users in China. - Price fall after crackdown in China minimal. Amidst the intensified effort on crypto ban in China, Huobi exchange has terminated serving crypto users in the country. The exchange firm said to be the largest in the country has not made a formal announcement to this, however, it stopped new registrations for domestic users in compliance with Beijing’s latest crypto ban effort. As it is, users can no longer register a new account with Chinese phone numbers after the People’s Bank of China said on Friday all crypto-related transactions will be considered illicit financial activity. However, new sign-ups are still available for Hong Kong users, but mainland China is no longer an option for new account creation. It is worthy to note that Huobi has been pulling off its service slowly before now. Back in June, the exchange banned Chinese users from trading in the crypto derivatives market after China’s cabinet called for a renewed crackdown on crypto trading and mining. China has taken its tough regulatory stance against crypto since 2017. Reportedly, they come out wild during bull cycles. However, Chinese insiders claim the current guidelines are never seen before as it involves nine other key institutions, including Supreme Court. Other exchanges like OKEx, Binance , among others, are also expected to announce they are halting their services in China soon. Crypto ban: Crypto prices resist crackdown from China Over time, the norm has been that whenever China begins its anti-crypto fight, prices in the market begin to fall. In May, it was worse as China crackdown coincided with Elon Musk announcing Tesla was suspending Bitcoin payment due to environmental concerns. Nearly $500 billion got wiped from the market at that time owing to the action of the Chinese government and Elon Musk. However, the recent crackdown on Friday showed a resilient crypto market. Only a minor correction occurred in the price of top crypto assets such as Bitcoin and Ether when compared to previous sell-offs.

China Crypto Ban Might Have Lingering Effects

The China Crypto Bans could have some lasting impacts on the entire crypto sector, as the government has decided to intensify its vendetta. This was reported as the central bank, supreme court, and securities regulators of the country declared that every transaction made through crypto was to be deemed illegal. Although cryptocurrency bans for this country are nothing new, the second-largest economy in the country has been on a roll this time around, with the crackdown being the most comprehensive as well as harsh one- which has been analyzed by industry experts. China Crypto Ban More Comprehensive This Time Around With China tightening its control over the capital, Chris Matta, the president of 3iQ- a crypto fund- stated that the regulators had turned much smarter and more educated than the previous time around. For, despite the Chinese Crypto Ban, it is usually quite difficult to ban crypto mining and crypto transactions. The latest measures of the country have been deliberately targeting crypto services which are over-the-counter, as well as crypto derivatives exchanges, and offshore exchanges of crypto that have some business in China. After the China Crypto Ban, the entire market of cryptocurrency has slumped pretty hard, with Bitcoin falling by around 9%, and Ethereum falling by 12%. Several other coins such as XRP, Dogecoin, Polkadot, and Cardano have also incurred losses as a result. Nevertheless, most analysts believe that the sell-offs would definitely be short-term. Friday’s trading volumes all hint at buying support for Ethereum and Bitcoin, despite the China Crypto Ban. Armando Aguilar, the digital asset strategist at Fundstrat Global Advisors- a research firm- has mentioned that most traders and investors are getting accustomed to the actions of the Chinese government and other such shocking information that could affect the cryptocurrency market

MICHAEL BURLEIGH: The UK's £10billion super-deal with UAE shows how Brexit Britain can take...

For decades, China has been engaged in economic expansion of breathtaking scope which has seen it buying its way across Africa, Latin America and even Europe. In exchange for building roads and transport networks, it has seized control of critical resources and strategic terrain, and gained access to distant markets. It has built ports in Israel and Greece , and loaned Jamaica $2 billion for transport, and invested another $3 billion in bauxite mining, sugar and tourist resorts. The scale of the Beijing regime’s ambitions seems limitless. Most recently it has begun investigating the possibility of mining the dark side of the Moon for rare metals, having sent a series of unmanned missions to collect samples. As part of this so-called Belt and Road Initiative, China’s $1 trillion spending on infrastructure projects stretches as far as Britain, with the state-run China General Nuclear Power controversially holding a 33 per cent stake in the new Hinkley nuclear power plant in Somerset. For decades, China has been engaged in economic expansion of breathtaking scope which has seen it buying its way across Africa, Latin America and even Europe All this constitutes an over-arching strategy in which China is using its economic muscle as a foreign policy weapon to try to achieve global dominance by making other nations dependent on its goods and services. Inevitably, in this seismic – increasingly high-tech – battle, Beijing finds that rival countries are determined to stem its relentless march and challenge it for a slice of any power and profits. This is precisely what is now happening with Britain in the Gulf states region. Earlier this month, the Government put down a highly significant marker by signing an investment deal with the United Arab Emirates (UAE). The oil-rich state pledged to invest £10 billion in UK clean energy, technology and infrastructure. The UK hopes other foreign investors will ‘sit up and take notice’ of such post-Brexit opportunities. Investment Minister Lord Grimstone says the historic agreement will help the PM’s ‘levelling up’ agenda, with the money going towards wind farms and new car plants in industrial heartlands. Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and de facto ruler of the UAE (formerly a British protectorate but now a federation of seven sheikdoms), visited London to agree the deal. The investment will be spread over five years and areas identified by the UAE as key for future growth include life sciences, healthcare, collaboration on ‘developing sustainable energy solutions’ for cities in Britain and decarbonising oil and gas operations in Abu Dhabi. There will be co-operation, too, on the installation of a fibre optic broadband network in the UK which should massively boost the parlously slow speeds experienced by many people and businesses. The UAE will invest $690 million in British fibre broadband operator CityFibre. As part of this so-called Belt and Road Initiative, China’s $1 trillion spending on infrastructure projects stretches as far as Britain, with the state-run China General Nuclear Power controversially holding a 33 per cent stake in the new Hinkley nuclear power plant in Somerset Such areas will augment existing deals which, in the past, have often focused on arms purchases – not to mention the murkier end of the electronic surveillance industries whose equipment is used by the UAE government against dissidents. While it’s an important commercial deal, it’s the geo-politics that are truly fascinating. For this comes at a time when America is in retreat – Joe Biden’s withdrawal from Afghanistan being the most visible, and shocking, proof. The emphasis by ‘Sleepy Joe’ interests closer to home, and pushing back against globalisation by focusing on the needs of US workers making products on American soil, will have profound effects on US influence in the Middle East. If America continues to withdraw from the region to protect its interests in the Indo-Pacific and to check China’s progress, it is inevitable Gulf rulers will seek out other partners. China is ready and waiting. How ironic it would be if, by relaxing US influence in the Middle East to concentrate on curbing China in the East, Biden might allow Beijing to launch a vigorous charm offensive in the Gulf. Already China is more visible as a powerbroker in the Gulf states, where its Belt and Road Initiative is being harnessed to connect its 1.3 billion population with Europe. Currently, Beijing’s interests consist almost exclusively of oil imports – accounting for a phenomenal 40 per cent of China’s total consumption. But it is desperate to exploit more commercial opportunities provided by the competitive and modernising societies in the Gulf region. Significantly, with their airlines, banks and shopping hubs, Saudi Arabia, Qatar and Dubai are jostling to be key global players. Chinese exports to the six Gulf Co-operation Council countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE) have risen by 267 per cent in the past 20 years. Crucially, as the Gulf states seek to diversify from oil and gas, no longer so prized in today’s clean energy world, China is offering to export its expertise in construction and telecommunications. With the Communist government having built most of the bridges and railways needed in China itself, the country’s millions of construction workers must be found alternative places of employment. The Gulf states – with their soaring infrastructure plans symbolised by Qatar spending an estimated $200 billion to host next year’s football World Cup – offer just that. Reluctant to levy taxes on their own citizens to fund such developments, the Gulf states are eager for China to help out with loans, too. President Xi Jinping, in turn, is happy to lend them huge amounts from China’s colossal cash reserves to fund these mega projects. So, across the Middle East, Chinese engineers are building bridges, ports, roads and railways. The Chinese electronics giant Huawei – banned from the UK’s 5G infrastructure over concerns about its security practices and links with the Chinese government – is installing 5G systems. Most Gulf states have received the Chinese-made Sinovac Covid-19 vaccine. Historically, America has sold the Gulf states huge quantities of weapons. But the Biden administration has paused sales as part of a broad review of arms agreements made by Donald Trump. US Secretary of State Antony Blinken says the rethink is being conducted to ensure America’s ‘strategic objectives’ are properly advanced. By contrast, Chinese arms exports have been very modest – for example, selling drones to the UAE. Unlike the US, China has a minimal military presence in the region, with one small naval refuelling base in Djibouti. However, with Biden’s retreat, that might not be the case for long. Cleverly playing countries off against each other while holding sway itself, China has a policy of staying on friendly terms with states which are mutually suspicious, such as Iran, Saudi Arabia, Israel, Turkey and the UAE. It has been a principle of Beijing realpolitik to refrain from interfering in regional relationships. And in a region where there are widespread human rights abuses – and when President Xi rides roughshod over them, too – it never bothers about the niceties of little things such as injustice or torture. In return, the Gulf autocrats don’t mention China’s oppressed Muslim Uighur minority in Xinjiang province. By contrast, Britain’s politicians have had no such qualms, describing the treatment of Uighurs as genocide. Our Government’s major investment deal with the UAE is ostensibly a commercial transaction that will provide clean energy and create thousands of jobs. But it also represents a critically important part of the West’s pushback against China’s audacious attempt at global economic domination.

ATAL Introduces the City's First Automated Robotic Parking System for Hong Kong Science Park

Wednesday, 2 June 2021, 10:52 HKT/SGT Share: Source: Analogue Holdings Limited ATAL Introduces the City's First Automated Robotic Parking System for Hong Kong Science Park Marks a Milestone to Smart Mobility in Hong Kong HONG KONG, June 2, 2021 - (ACN Newswire) - Analogue Holdings Limited (stock code: 1977) together with its subsidiaries (referred to as "ATAL Engineering Group", "ATAL" or the "Group"), a leading electrical and mechanical ("E&M") engineering service provider in Hong Kong, has introduced the city's first automated robotic parking system with electric vehicle (EV) charging for Hong Kong Science Park. Integrated with the innovative Automated Guided Vehicle ("AGV") technology, EV charging and a proprietary mobile application, the system is poised to bring invaluable benefits to space utilisation and provides a safer and hassle-free parking experience with unmanned operation for users. The project is currently in its experience programme for Science Park tenants in order to prepare for the full operational launch. ATAL introduced the automated robotic parking system for Hong Kong Science Park, the first in the city. Drivers can simply stop their vehicles on the designated chambers, their vehicles will be automatically parked, saving much time in search for parking space. ATAL has developed a proprietary mobile application for users to schedule car retrieval and check car status, enhancing the entire user experience. The Robotic Parking system is a fully automatic parking system using robotic technology. With the adoption of AGV technology, users no longer need to look around for empty parking spaces, but simply park their vehicles in the designated chambers and follow the instructions given by the parking and retrieval panel (PRP), the system will proceed the parking automatically. The chamber will then conduct a scan that is able to detect any animate objects inside the car before the AGV directs the vehicle with the pallet to the parking space assigned by the system. On the back of ATAL's experience in information and communications technologies, the Group has developed a proprietary Robotic Parking System App (mobile app) for this project, aiming to enhance the entire user experience with much greater convenience and security. It facilitates customised traffic planning and car retrieval management to enhance car parking efficiency, while users can also set pick-up time and check car retrieval status via this mobile app, a perfect fit for the busy urban dwellers. Other than the mobile app, ATAL has also designed a leading EV charging solution by fitting an innovative charging adaptor to each mobile mechanical tray for electric vehicles, thus bringing much convenience to the users. The innovative components of this car park also include its unmanned operation to improve energy saving by minimal lighting and ventilation, rigorous security and safety standards, and eco-friendly solutions for a greener city with no extra carbon dioxide emissions. Dr Otto Poon Lok-To, Chairman of ATAL Engineering Group, said, "We take pride to be vanguards of this first-of-its-kind smart parking system in Hong Kong. Over the years, ATAL has continued to be a pioneer in introducing new and innovative technologies to Hong Kong. Aligning with the HKSAR Government's Smart City Blueprint 2.0 for Hong Kong, our newly developed Robotic Parking system is able to address the issue of land shortage and will become a new solution to enhance long-term sustainability for the city." "Adhering to our long-term strategy of 'New Technology, New Market and New Business Model', the HKSTP project marks another milestone for the expansion of our business portfolio. We are also pursuing other intelligent transport business opportunities including the Free Flow Tolling System and Traffic Control Surveillance System. Looking ahead, we will uphold our mission to transform Hong Kong into a world-class smart city and further explore potential development in the Information, Communications and Building Technologies (ICBT) sector. We will actively drive innovative technology advances through our R&D capability, and strive for significant contributions to greater economic efficiency and operational effectiveness, while strengthening our competitive edge, all to achieve higher returns for our shareholders." Dr Poon concluded. About ATAL Engineering Group Established in 1977, ATAL Engineering Group ("ATAL") is a leading electrical and mechanical engineering service provider headquartered in Hong Kong, with operations in Macau, Mainland China, the UK and the US. Serving a wide spectrum of customers from public and private sectors, the Group provides multi-disciplinary and comprehensive E&M engineering and technology services in four major segments, including Building Services, Environmental Engineering, Information, Communications and Building Technologies ("ICBT") and Lifts & Escalators. ATAL's parent company, Analogue Holdings Limited, is listed on the Main Board of the Stock Exchange of Hong Kong (Stock Code: 1977).

China makes cryptocurrency illegalExBulletin

China has announced a ban on cryptocurrency transactions, the latest in a string of crackdowns on virtual money that comes as countries around the world consider tighter regulations. SCOTT SIMON, HOST: China bans cryptocurrency transactions. And as NPR’s David Gura reports, it sends shockwaves through an industry valued at $ 2 trillion that is largely immune from government interference. DAVID GURA, BYLINE: Part of the global popularity of cryptocurrency stems from the fact that the digital asset is free from government control. And it really hasn’t been regulated. It is attractive to many Chinese citizens. But Chinese leaders have spent years trying to crack down on crypto. Winston Ma teaches securities law at NYU. And he says Friday’s announcement is an escalation. WINSTON MA: I think the implication will be deep and major. GURA: As cryptocurrencies grow and become more common in many countries, China is going against the grain. In the world’s second largest economy, you are no longer able to buy or sell them. Banks are not allowed to process transactions. And there has been a crackdown on the infrastructure that supports crypto. Ma says it is a whole-of-government effort. MA: When you have 10 ministries involved, don’t you? – it is very serious. GURA: Cornell economist Eswar Prasad is the author of a new book called “The Future of Money”, and he says Chinese leaders are wary of competition and loss of control. ESWAR PRASAD: I think this reflects the desire of the Chinese government to ensure that the payment system is not run entirely by the private sector. GURA: It targets large companies that have pioneered digital payments, including Alibaba and WeChat. And China is developing a digital version of its own currency. Prasad said lawmakers and regulators around the world would pay close attention to the rules that China has put in place. PRASAD: Due to concerns about national financial stability, as well as illicit capital flows across international borders. GURA: This week the Treasury Department sanctioned a site where cryptocurrency can be bought and sold due to its role in ransomware attacks. Crypto appeals to investors, iconoclasts and international criminal syndicates. In the United States, the main securities regulator, SEC Commissioner Gary Gensler, said in a recent speech that more guarantees are needed. (EXTRACT FROM THE SPEECH) GARY GENSLER: Investors don’t really get the information that assesses the risk and understands the risks. And I’m afraid if we don’t fix the issues, I’m afraid a lot of people will be hurt. GURA: After China announced its ban, the price of Bitcoin fell more than 5%. It may sound like a lot, but this kind of volatility is very common. Some US lawmakers who oppose stricter regulations have praised China’s ban. And they use it to justify avoiding more rules. In their view, a huge player has been taken out of the global crypto economy. And it’s an opportunity for the United States David Gura, NPR News, New York. Copyright © 2021 NPR. All rights reserved. See the terms of use and permissions pages on our website at www.npr.org for more information. NPR transcripts are created within an emergency time frame by Verb8tm, Inc. , an NPR entrepreneur, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative recording of NPR’s programming is the audio recording. Sources 2/ https://www.npr.org/2021/09/25/1040669103/china-makes-cryptocurrency-illegal The mention sources can contact us to remove/changing this article What Are The Main Benefits Of Comparing Car Insurance Quotes Online LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. 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Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. 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CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [[email protected]](/cdn-cgi/l/email-protection) : https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos to request, modification Contact us at [Here or [email protected]](/cdn-cgi/l/email-protection#a2c1cdcecec3c0cdd0c3d6cbcdcce2d1d7d2d2cdd0d68cc7dac0d7cecec7d6cbcc8cc1cdcf)

(Mail Online) MICHAEL BURLEIGH: The UK's £10billion super-deal with UAE shows how Brexit Britain...

MICHAEL BURLEIGH: For decades, China has been engaged in economic expansion of breathtaking scope which has seen it buying its way across Africa, Latin America and even Europe. .. Full story on dailymail.co.uk Labour will end the charitable status of private schools in England, saying it will raise £1.7bn. Some 10,500 foreign lorry drivers and poultry workers will be able to work in the UK until Christmas Eve. MICHAEL BURLEIGH: For decades, China has been engaged in economic expansion of breathtaking scope which has seen it buying... The smooth-talking energy consultant Andrew Dyball enjoys an enviable reputation for success. But he was taciturn last week, and certainly in no mood ... GRANT Shapps last night vowed to save Christmas by allowing 10,500 workers into the UK on temporary visas. The Transport Secretary said 5,000 HGV fuel... Businesses say move to relax post-Brexit immigration laws is insufficient to ease labour shortages It comes as the UK is gripped by a shortage of HGV drivers and agricultural workers. The Ministry of Defence will also provide examiners to boost the number of HGV tests available amid a shortage of drivers. Concerns have been raised about a festive supply shortage GREATER Manchester and Fire Rescue (GMFRS) have warned of the dangers of storing petrol at home after panic buying at petrol pumps throughout the... Dressed for success? Given one of Team Europe’s official Ryder Cup jackets retail at just over £2000, Padraig Harrington’s men... Kimberly Hart-Simpson who played Nicky Wheatley looked completely different as she celebrated her pal's 30th birthday I hope you're hungry. View Entire Post › Murderer Pitchfork was freed on parole earlier this month after serving 33 years for killing and raping two 15-year-old schoolgirls in... Gemma Collins and Rami Hawash have treated themselves to a very special £700 gold-covered steak as they enjoyed a night out at Salt Bae's... 'I’d wear my mum’s nighties, put cowboy boots on and walk around feeling fabulous' ALEXANDRA SHULMAN: We were having supper with friends in a restaurant when the argument erupted. The discussion was about a subject I... The 37-year-old heiress and her 'brand manager' Scott Harvey-Nicholls have found themselves on opposing sides in a bitter... Liverpool spurned a glorious opportunity to open up some daylight between themselves and the rest of their Premier League title rivals as they... Pride of Britain winner Moin Younis has amazed medical opinion by turning 21 - but he spent his milestone birthday suffering with Covid Ministers say Rod McKenzie sparked the nationwide panic-buying frenzy by selectively leaking remarks made by a BP executive at a... MOS COMMENT: There is a lot of politics going on here, with diehard Remainers anxious to pin the blame for the HGV driver shortage on Brexit. PRINCE Andrew’s sex assault accuser has agreed to hand over a secret document which his legal team believes may defeat her... The Wallasey tunnel was closed while emergency services dealt with the incident

Is Marathon Digital Stock a Buy After China Bans Crypto?

Is Marathon Digital Stock a Buy After China Bans Crypto? Bank & Insurance By Jacky On Sep 25, 2021 Share Miner for cryptocurrency Marathon Digital Holdings (MARA) has been volatile as the price of Bitcoin fluctuates wildly. Here’s what the fundamentals and technical analysis say about buying MARA stock now. X Marathon is a digital asset technology company mining cryptocurrencies with a focus on the blockchain ecosystem and digital asset generation. The company started as Marathon Patent Group in 2010, when it started collecting patents related to encryption. MARA shares traded in 2013. On March 1, the company changed its name to Marathon Digital Holdings. On April 26, Fred Thiel Merrick replaced Okamoto as CEO. Marathon Digital provides the computing power needed to mine Bitcoins. Bitcoin mining consists of processing or validating transactions. The speed at which a digital currency miner processes transactions is called hash rate. The faster a miner can process transactions, the more revenue it generates. Marathon Digital is paid in Bitcoin for mining. The company can then sell this Bitcoin to generate revenue. Marathon Digital also finances its activities through financing. IBD Live: A New Daily Stock Market Analysis Tool The mining power of Marathon Digital is growing On September 2, the company reported that it had produced 469.6 new minted bitcoins by August 2021, increasing its total holdings of bitcoins to approximately 6,695 with a fair market value of approximately $316.4 million. Cash available was $70.9 million and total liquidity, defined as cash and bitcoin holdings, was approximately $387.3 million. Marathon has received 21,584 top-level ASIC miners from Bitmain so far, with another 5,916 on the way. The existing mining fleet consists of 22,412 active miners producing approximately 2.3 EH/s. Rival Riot Blockchain (REVOLT) produced 491 BTC in the first quarter. However, Riot is one of the most profitable mining companies in the industry, with a gross margin of 67.6%, while Marathon Digital posted a negative gross profit margin of -498.9% in the first quarter. Growing Plant Base Marathon Digital plans to expand the machine installations in the coming months. It expects to deliver 75,000 miners by the end of this year, with another 15,200 in January 2022. Marathon Digital expects to have a total of 103,120 miners by the first quarter of 2022. With this mining capacity, it expects to produce 55-60 Bitcoin per day. Dede wrote in an April 12 report that Marathon’s average cost per mining machine is $2,300, which is significantly lower than the $7,999-$18,500 he has seen others pay. On May 24, Marathon Digital signed a deal with Compute North to host approximately 73,000 of its Bitcoin miners as part of a new 300-megawatt data center in Texas. Marathon will provide Compute North with an 18-month bridging loan of up to $67 million to build the facility. The project is expected to start in October 2021. Is Coinbase Stock Now a Sale? MARA Stock Technical Analysis Marathon Digital formed a bearish head-and-shoulders pattern in early April. But the stock moved south from there and no new pattern has formed. MARA stocks are closely tied to Bitcoin prices, so they’ve been on a wild ride. At the start of the year, MARA stock was trading around 10. When Bitcoin rose, the stock reached a high of 57.75 on April 6. Shares rose 15% on July 26 as Bitcoin’s price climbed back to over $39,000, but returned most of those gains on July 27. MARA stocks are trading above the 50-day line, according to MarketSmith chart analysis. Shares fell a whopping 5.5% on June 21 as Bitcoin’s value fell below $33,000 amid an intensification of China’s crackdown on Bitcoin mining. On September 24, China banned all cryptocurrency transactions. The move caused Bitcoin’s value to drop by $2,000. Meanwhile, on July 15, the Biden administration said it formed a task force to address the use of cryptocurrency in ransomware attacks. Its efforts will focus on tracing the proceeds paid to hackers. But renewed interest in non-fungible tokens and a growing use of smart contracts fueled a 5% rise in Bitcoin on Sept. 2, pushing the digital currency back above $50,000. The stock’s relative strength line is ticking up. Marathon Digital has a top-notch RS rating of 99 and a composite rating of 76. An Accumulation/Distribution grade of A indicates heavy purchases by institutional investors. Wall Street interest But Wall Street seems to be excited about the company’s stock lately. MARA shares are up 6.5% on August 20 on news that black rock (BLK), the world’s largest asset manager had taken a 6.7% stake in the company in June. According to ETF.com, BlackRock’s iShares Russell 2000 ETF (AND SO FORTH.) is the largest holder of MARA, with 2.14 million shares. Meanwhile, BlackRock’s iShares Russell 2000 Value ETF (IWN) ranks as the third top holder of MARA shares. MARA shares rose 27% in the days following the August 4 news that Fidelity had purchased a 7.4% stake in Marathon Digital. Fidelity spreads the mining company’s shares across four index funds: Fidelity Extended Market Index Fund (FSMAX), Fidelity Nasdaq Composite Index Fund (FNCFX), Fidelity Total Market Index Fund (FSKAX) and Fidelity Series Total Market Index Fund (FCFMX). Catch the next big winning stock with MarketSmith Fundamental Analysis of MARA Stocks Analysts had expected Marathon to turn a profit in the second quarter, but the company posted a loss of $1.09 per share, up from a loss of 13 cents a year ago and missed estimates of $1.25. Revenue came in at $29.3 million vs. $300,000 in last year’s quarter and missing views at $5.1 million. “In Q2 2021, we continued to effectively scale our business by sequentially increasing our 196% hash rate from 0.7 EH/s at the end of Q1 to approximately 2.09 EH/s end of June,” said CEO. Fred Thiel. Marathon 654 bitcoins in Q2, bringing production for 2021 to 846 newly minted bitcoins. In July, Marathon produced 442.2 additional bitcoins. On August 12, Marathon produced 1,441 bitcoins, bringing the total number of bitcoins to 6,378. As of June 30, 2021, the book value of Marathon’s mined digital assets was $29.0 million, equating to accumulated impairment losses of $11.7 million. With losses still piling up, MARA stock has an EPS rating of 20 out of a possible 99. IBD 50 Growth Stocks to Watch: Find the Best Stocks to Buy and Follow Is MARA Stock A Buy Now? The volatility of the MARA stock, due in large part to its link with Bitcoin, makes it a risky investment. On May 20, news that the Biden administration could require transactions over $10,000 to be reported to the IRS sent the value of Bitcoin and other cryptocurrencies plummeting. Meanwhile, Marathon Digital chairman Merrick Okamoto said in a May 24: tweet he had met other bitcoin mining executives the previous weekend. The group, including Tesla (TSLA) CEO Elon Musk and Microstrategy (MSTR) CEO Michael Saylor, established a Bitcoin Mining Council to promote transparency of energy consumption and accelerate sustainability initiatives. Marathon Digital also does not yet have a track record of strong, consistent earnings and revenue growth. Stocks have lost about half their value since they peaked in April. Bottom line: Marathon Digital is not a buy because it has not formed a discernible pattern. But investors should keep an eye out for MARA stock as it has amassed an impressive arsenal of computing power. Check out IBD stock lists and other IBD content to find dozens more of the best stocks to buy or watch. Follow Adelia Cellini Linecker on Twitter @IBD_Adelia. YOU MAY ALSO LIKE THIS: IBD 50 growth stocks to watch Check out the best stocks to buy and watch View Breakout Stocks and Technical Analysis Watch IBD . Investment Strategies Videos IBD Stock of the Day: How to Find, Track and Buy the Best Stocks window._taboola = window._taboola || []; _taboola.push({mode:'thumbnails-a', container:'taboola-below-article', placement:'below-article', target_type: 'mix'}); Share

Bitcoin Drops as China Declares Crypto-Businesses Illegal

- China declared that cryptocurrency-related businesses are illegal - Bitcoin, Ether, and stablecoin Tether do not qualify as legal tender in China - BTC drops in price as the announcement went out Once again, China reiterated its antagonistic stance on Bitcoin and the cryptocurrency industry as a whole. In an announcement, the People’s Bank of China (PBOC) mentioned that BTC, ETH, and USDT are not legal tenders in China. They added that these cannot be used in the currency market. Additionally, the central bank deemed all crypto-related businesses as illegal. This includes overseas exchanges serving residents within China and derivative transactions. Following the news, Bitcoin’s price fell by almost $2,000 as the news circulated. This has been a common pattern whenever China FUD comes out. Earlier, China also reiterated its stance on crypto trading and mining while testing the Digital Yuan. According to the PBOC, it will continue releasing regulatory pressure over the crypto trading industry. Despite the negative news, many analysts remain bullish on Bitcoin and the cryptocurrency industry as a whole. According to analyst Lark Davis, this is not new and will happen again in the future. In a tweet , Davis mentioned that “The year is 2025, #bitcoin has just corrected from 400k to 250k on China banning BTC fears.”

Crypto Recovers On Positive Fed And Evergrande News, Then Drops Amid China FUD; Sorare...

Coming every Saturday, Hodleru2019s Digest will help you track every single important news story that happened this week. The best (and worst) Quote: s, adoption and regulation highlights, leading coins, predictions and much more u2014 a week on Cointelegraph in one link.Top Stories This WeekCrypto markets soar after Fed commits to printing and Evergrande plans to pay its debtThe crypto markets were showing signs of recovery during the week as the U.S. Federal Reserve committed to carrying on its spending habits, while Chinese real estate giant Evergrande was able to strike deals with bondholders to avoid default on its hefty loan obligations.u00a0Evergrandeu2019s potential default on $305 billion worth of debt has essentially been a ticking time bomb that has loomed over the global financial market, with some asserting that this is Chinau2019s Lehman Brothers moment. However, the firm is safe for the immediate term, and the news coincided with an 11.3% bump in Bitcoinu2019s (BTC) price on Tuesday.The spike in price also followed comments from Fed Chairman Jerome Powell, who explained that the central bank plans to continue its ridiculous level of monthly bond purchases for the foreseeable future. Both reports suggest that FUD related to Evergrande and the Fedu2019s spending habits can now be shelved for a later date.u00a0Old FUD, new BTC price dip u2014 Weeks-old China crypto u2018banu2019 sparks $42K Bitcoin price dropSpeaking of FUD, the crypto market recovery appears to be short-lived as old news regarding China was suddenly picked up on social media, sparking an instant price crash across the crypto market.At the time of writing, Bitcoin is down 2.7%, Ether (ETH) is down 6.4%, and FUD is up 100%. This knee-jerk reaction was the result of a memo from the Peopleu2019s Bank of China, or PBOC, that criminalized practically all crypto activity except possession.Chinese-language commentators noted, however, that the PBOC released the updated guidance on Sept. 15 but posted it online on Friday.u00a0It seems odd that the market has responded to China banning crypto again, as itu2019s not like the local government has done anything to foster excitement about digital assets in the country of late. At this stage, they might as well get it over with and ban possession too. u00a0Biden to nominate anti-crypto and anti-big bank law professor to run the OCCOn Thursday, reports surfaced that the Biden administration intended to nominate Kazakhstani-American attorney, academic, and former policy advisor Saule Omarova to head the Office of the Comptroller of the Currency, or OCC.u00a0Omarova is a crypto critic who is also not so fond of the big banks, having previously vowed to u201cend banking as we know it.u201d Currently employed as a law professor at Cornell Law School, she is expected to clamp down on crypto with tighter regulation, as she thinks the industry threatens the stability of the economy.u00a0u00a0If confirmed, bankers and crypto proponents alike may be in for some hairy moments as Omarova single-handedly works to tear down both sectors under the guise of protecting the economy.u00a0Sports-themed NFTs spark gold rush as projects raise $930M in a weekTo cleanse the palate, there was bullish news in the NFT sector this week as two firms known for tokenized sports collectible projects raised a combined $930 million in funding.u00a0French-based soccer trading card NFT game developer Sorare closed a $680 million Series B funding round led by SoftBank at a valuation of $4.3 billion. Dapper Labs, the team behind the Flow blockchain and NBA Top Shot, also announced a $250 million funding round led by tech-focused hedge fund Coatue.u00a0Sorare and Dapper Labs both outlined plans to expand their tokenized collectible model beyond soccer and basketball, respectively, along with scaling up their current widely popular NFT projects. The combined total of $930 million marks a significant bet on the tokenized sports sector at a time when the wider NFT market faces declining sales volume and floor prices. u00a0John Cena calls his own NFT sales a u2018catastrophic failureu2019John Cena, the WWE hall-of-famer known for his braggadocious u201cyou canu2019t see meu201d catchphrase, recently saw limited sales during his foray into nonfungibles.u00a0The professional wrestler said that fans only purchased 7.4% of his WWE NFTs that were dropped last month, labelling the sale a u201ccatastrophic failureu201d and citing the price point for the gold-tier NFT package as being too high at $1,000.u00a0There were 500 gold tier NFTs offered in total, which were part of a package with physical collectibles, including a hat, shirt, wristbands, belt, towel, and autographed picture.u00a0u201cI talk a lot about failure u2014 this idea failed,u201d said Cena. u201cMyself and the folks in the WWE thought $1,000 was a fair price point. We were wrong. We were absolutely wrong.u201du00a0u00a0Winners and Losersu00a0u00a0At the end of the week, Bitcoin is at $42,223, Ether at $2,905 and XRP at $0.93. The total market cap is at $1.88 trillion, according to CoinMarketCap.Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Celo (CELO) at 49.84%, Celer Network (CELR) at 34.97% and Cosmos (ATOM) at 17.34%.u00a0The top three altcoin losers of the week are Huobi Token (HT) at -32.21%, SushiSwap (SUSHI) at -28% and EOS (EOS) at -26.22%.For more info on crypto prices, make sure to read Cointelegraphu2019s market analysis.u00a0u00a0Most Memorable Quotationsu00a0u201cWe have absolutely no intention of embracing cryptocurrencies. [u2026] On the contrary, we have a separate war, a separate fight against them. We would never lend support to [cryptocurrencies], because we will move forward with our own currency that has its own identity.u201dTayyip Erdou011fan, president of Turkeyu00a0u201cA Matisse painting can run $100 million because a small amount of people decide theyu2019re worth $100 million. Over 150 million people around the world that have decided Bitcoin is worth something. Thatu2019s enough for me.u201dMike Novogratz, CEO of Galaxy Digitalu00a0u201cStablecoins are almost acting like poker chips at the casino right now.u201dGary Gensler, chairman of the U.S. Securities and Exchange Commissionu00a0u00a0u201cNinety-nine percent is about being in the right circle, having the right information at the right time. In the NFT space, you live with this constant frustration that you have missed a chance to make $1 billion.u201dGauthier Zuppinger, chief operating officer of Nonfungible.com on NFT investingu00a0u201cI know the crypto lovers never want to hear me say u2018sell,u2019 but if youu2019ve got a big gain as I did, well, Iu2019m begging you to. Donu2019t let it become a loss; sell some. Stay long the rest, then letu2019s wait and see if China changes its attitude toward an Evergrande bailout.u201dJim Cramer, host of Mad Money on CNBCu00a0u201cI think we should always be open-minded and, as such, Iu2019m very interested in all new creations and expressions from the art world. Metaverses will emerge, but I still believe physical art will always reserve a very special place in everyoneu2019s collection.u201dElio Du2019Anna, founder of HOFAu00a0u00a0u201cThe ultimate test we will apply when assessing a central bank digital currency and other digital innovations is, u2018Are there clear and tangible benefits that outweigh any cost and risks?u2019u201dJerome Powell, chairman of the U.S. Federal Reserveu00a0u201cIu2019m uncomfortable with any non-physical currency being the only currency.u201dLordPimpernel, Texan and Redditoru00a0Prediction of the Weeku00a0u00a0Bitcoin u2018heavy breakoutu2019 fractal suggests BTC price can hit $250Ku2013$350K in 2021A Bitcoin analyst by the name of Bit Harington on Twitter recently posted a chart suggesting a possible upcoming price rally for BTC, if history repeats itself.u00a0Harington drew levels on top of a Bitcoin price chart from Buy Bitcoin Worldwide and Twitter user PlanB. Haringtonu2019s levels essentially showed Bitcoin price resistance levels following Bitcoinu2019s 2012 and 2016 halvings. On both occasions, price rejected off the resistance levels, gathered steam, and then broke through the levels later, leading to significant rallies.Following those price rallies, Bitcoin then eventually returned to those breakout levels, finding them as support. Harington listed the new resistance level as $60,000 on their chart. So far, the chart shows Bitcoin rejecting off that level, subsequently finding support and looking upward back toward the resistance level.u00a0Harington noted that BTC jumped above the two previous resistance levels by a factor of about six each time. Analyst Michau00ebl van de Poppe took a peek at the chart, crunched some numbers, and determined that BTC could reach up near $250,000 to $350,000, followed by a drop back down near $65,000 if BTC reacts similarly to the past.This week, however, Bitcoin faced a number of downward price moves and comments indicating future bearish expectations for crypto surfaced.FUD of the Weeku00a0u00a0u2018We are at waru2019 with crypto, says Turkish President Erdou011fanAccording to Turkish President Recep Tayyip Erdou011fan, the country is at war with cryptocurrency but quite fond of blockchain tech.u00a0Erdou011fan hosted a Q&A event in Mersin, Turkey with naive youth from across the country who had no idea that crypto was posing a threat to their sovereignty. When asked for his opinions on cryptocurrencies, and whether the central bank would embrace crypto, Erdou011fan didnu2019t mince his words when he said, u201cWe have absolutely no intention of embracing cryptocurrencies.u201du201cOn the contrary, we have a separate war, a separate fight against them. We would never lend support to [cryptocurrencies], because we will move forward with our own currency that has its own identity,u201d he added.u00a0Binance to cease crypto futures and options in AustraliaThe worldu2019s biggest crypto exchange Binance has yet again limited its services in another country after crypto investors in Australia were notified that they have 90 days to close their positions for futures, options and leveraged tokens.u00a0As of Friday, Aussies are no longer able to increase or open new positions for derivatives products on Binance. However, they will still be able to top-up their margin balances to prevent liquidations and margin calls in the meantime.u00a0According to the latest announcement, Binanceu2019s crypto futures and options market will cease on Dec. 23 as the firm restructures itself in order to reach its regulatory compliance goals.u00a0u201cWe are committed to our industry for the long term and we want to ensure our product offerings are welcomed by users and local regulators,u201d a spokesperson for Binance told Cointelegraph.u00a0Latest DeFi hack targeting BSC sees $12.7M in Bitcoin stolen from pNetworkCross-chain DeFi platform pNetwork became the latest protocol to be hacked on Binance Smart Chain after the team reported a loss of roughly $12.7 million worth of Bitcoin on Monday.u00a0According to a Twitter thread published by pNetwork, the hackers swiped 277 pBTC from the exchange u2014 the majority of the networku2019s collateral. The team noted the attack was executed by exploiting a bug in its codebase, adding that a fix was already in the works.u00a0The pNetwork team was also kind enough to offer the hacker a $1.5 million bounty if the stolen funds were returned. u00a0Best Cointelegraph FeaturesEthereum killers or just pretenders? But Ether remains king for nowThe issue of high gas fees rears its head up for the Ethereum community yet again as u201cEthereum killeru201d networks continue to gain more attention.Adapt or die: Payments giants partner with crypto firms to ensure securityMastercardu2019s upcoming acquisition of CipherTrace demonstrates the need for payments giants to partner with crypto firms to enable digital asset innovation.Ukraine joins the comity of crypto-friendly nations with new regulationUnlike Russia, Ukraine has passed laws that will ease the adoption of cryptocurrencies within the country.rrrrrMost Related Links :rtodayuknews Governmental News Finance NewsrrrrSource link

Canadians Held In China Coming Home After Huawei CFO's Release

[Canadians Held In China Coming Home After Huawei CFO's Release] This post was originally published on this site By Omid Ghoreishi of The Epoch Times , Canadians Michael Kovrig and Michael Spavor are on their way back to Canada, the country’s Prime Minister Justin Trudeau said in a news conference on the evening of Sept. 24. The two men are widely viewed as victims of Beijing’s “hostage diplomacy” carried out in retaliation against Canada’s arrest and detention of Huawei executive Meng Wanzhou at the request of U.S. prosecutors in late 2018. Meng was released earlier on Friday after reaching a deal with the U.S. Justice Department. Trudeau said the two men, who have been imprisoned in China since December 2018, boarded a plane with Canada’s ambassador Dominic Barton enroute to Canada around 7:30 p.m. Ottawa time. Trudeau made the announcement hours after the extradition case against Meng, Huawei’s chief financial officer and daughter of the company’s founder, was dropped and she was allowed to leave Canada. She reportedly left on a flight to China the same evening. Earlier in the day, Meng appeared before a U.S. federal court, where she reached a deferred prosecution agreement with the U.S. Justice Department. She later appeared before a Canadian court, where her bail conditions were lifted and she was free to leave the country. Kovrig and Spavor were detained in China shortly after Meng’s arrest in Vancouver on Dec. 1, 2018, on a U.S. extradition request. Their detentions are widely seen as instances of Beijing’s “hostage diplomacy.” Meng was charged with bank fraud for allegedly lying to HSBC about Huawei’s business dealings with Iran, leading HSBC to violate U.S. sanctions on Iran. The Beijing regime, which warned Canada of dire consequences if Meng was not released, had charged Kovrig and Spavor with espionage. The two were initially held in solitary confinement, with the lights kept on in their cells day and night. This can lead to sleep deprivation, which is recognized as a torture method by human rights organizations. In August, a Chinese court sentenced Spavor to 11 years in prison. Kovrig, whose trial was held in March, had yet to be sentenced. “These two men have been through an unbelievably difficult situation, but it is inspiring and it is good news for all of us that they are on their way home to their families,” Trudeau said. The leader of the opposition Conservative Party Erin O’Toole also welcomed the news. “Our family shares the elation of millions of Canadians that our citizens are coming home. Thank you to all diplomats involved!” O’Toole said on Twitter. Another Canadian, Robert Schellenberg, has been given a death sentence in China. Schellenberg was originally sentenced 15 years in prison on drug smuggling charges, but had his sentence changed after Meng’s arrest. No update was provided on Schellenberg’s case on Sept. 24. from http://feedproxy.google.com/~r/zerohedge/feed/~3/cuQSXvywyoU/canadians-held-china-coming-home-after-huawei-cfos-release

Healthcare Chatbot Market 2021 Strategic Assessment – MD (UK), HealthTap, Inc. (US), Sensely, Inc....

Healthcare Chatbot Market 2021 Strategic Assessment MD (UK), HealthTap, Inc. (US), Sensely, Inc. (US), Buoy Health, Inc. (US), Infermedica (Poland), Babylon Healthcare Service Limited (UK), Baidu, Inc. (China) Healthcare Chatbot market offers information advice on the business enterprise. Components like overwhelming Healthcare Chatbot companies, construction, quotation, business analytics, SWOT and PESTEL analysis, & many viable patterns in the market zone. Additionally, the present and previous figures, the report outlines, figures, and tables offering a simple view of the Healthcare Chatbot marketplace. The analysis such as sensible supplies one Healthcare Chatbot profiles of these institutions, pictures of this product, their specifics, size and share of the market of the overall industry, touch factors of focus of the significant producers are explained from the 2021-2027 report. The present market is increasing at a really fast pace, and it’s witnessed the departure of various nearby and provincial Healthcare Chatbot retailers offering special program type for many different end-clients. Get Free Sample Report + All Related Graphs & Charts @ https://www.adroitmarketresearch.com/contacts/request-sample/1201 Top Leading Key Players are: MD (UK), HealthTap, Inc. (US), Sensely, Inc. (US), Buoy Health, Inc. (US), Infermedica (Poland), Babylon Healthcare Service Limited (UK), Baidu, Inc. (China), Ada Digital Health Ltd. (Germany), PACT Care BV (Netherlands), Woebot Labs, Inc. (US), and GYANT.Com, Inc. (US). The vital target of the Healthcare Chatbot market report will be always to find out the industry knowledge and assist players to achieve development within their specific fields. In addition, Healthcare Chatbot report maintains a refreshed industry propensity which includes the market circumstances and market forecast amid 2021-2027. 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The chronicle contains straightforward experiences about the recorded assessment of the business offer and offers presumptions concerning the Healthcare Chatbot Market progress rate and industry share nearby the examinations of the pesters looked by the business all through the assessment time stretch. Global Healthcare Chatbot market is segmented based by type, application and region. Based on Type, the market has been segmented into: by Component (Software,Services) by Deployment Model (On-premise Model,Cloud-based Model) by End User (Patients,Healthcare Providers,Insurance Companies,Other End Users) Based on application, the market has been segmented into: by Application (Symptom Checking & Medication Assistance,Appointment Scheduling & Medical Guidance) This multi-dimensional report is an easy investment documentation that is suitable for assisting high end investment discretion despite offsetting challenges in the industry. The report allows market participants to derive optimum understanding about diverse growth probabilities and identifying potential growth triggers and palpable challenges that critically affect free flow growth in the Healthcare Chatbot market. This report shares crucial details pertaining to key industry factors such as sales revenue and performance, pricing strategies, portfolio analysis of the front line players as well as growth comparison across timelines such as past and current experiences that collectively decide futuristic propositions. Why Purchase International Healthcare Chatbot Industry Report? * The Worldwide Healthcare Chatbot Market report provides a middle of market size, CAGR (%), crucial business profiles and assorted game programs and strategies utilized by Healthcare Chatbot investors to take crucial business conclusions. 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Make an enquiry of this report @ https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/1201?utm_source=PT25 Extracts from Table of Content: Chapter 1: Market Overview, Drivers, Restraints and Opportunities, Segmentation overview Chapter 2: Market Competition by Manufacturers Chapter 3: Production by Regions Chapter 4: Consumption by Regions Chapter 5: Production, By Types, Revenue and Market share by Types Chapter 6: Consumption, By Applications, Market share (%) and Growth Rate by Applications Chapter 7: Complete profiling and analysis of Manufacturers Chapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses. Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers Chapter 10: Marketing Strategy Analysis, Distributors/Traders Chapter 11: Market Effect Factors Analysis Chapter 12: Market Forecast Chapter 13: Healthcare Chatbot Research Findings and Conclusion, Appendix, methodology and data source. Continued… Thanks for reading this article; you can also get individual chapter wise section or region wise report version like Complete America, LATAM, Europe, Nordic regions, Oceania or Southeast Asia or Just Eastern Asia. About Us Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code – Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Contact Us: Ryan Johnson Account Manager Global 3131 McKinney Ave Ste 600, Dallas, TX75204, U.S.A. Phone No.: USA: +1.210.667.2421/ +91 9665341414

Sam Bankman-Fried’s FTX moves HQ to Bahamas amidst crypto crackdown in China – NewsBreak

Chinese central bank says crypto is a ‘huge challenge’. Sam Bankman-Fried, FTX digital exchange has announced its decision to move its headquarters and all other important operation from current base in Hong Kong, China, to the Bahamas. The decision to change its head office is due to the People’s Bank...

Sam Bankman-Fried’s FTX moves HQ to Bahamas amidst crypto crackdown in China

TL;DR Breakdown - FTX moves HQ to Bahamas. - Chinese central bank says crypto is a ‘huge challenge’. Sam Bankman-Fried, FTX digital exchange has announced its decision to move its headquarters and all other important operation from current base in Hong Kong, China, to the Bahamas. The decision to change its head office is due to the People’s Bank of China (PBoC) move to declare all cryptocurrency-related transactions illegal, among several other reasons. Sam Bankman-Fried, founder and CEO of FTX, announced the move via a post from his official Twitter handle . According to him, the crypto derivatives exchange chose the Bahamas because of its proactive stance and supportive regulatory agencies towards digital currencies. FTX, which is the second-largest crypto derivatives exchange by 24-hour open interest, according to CoinGecko, has been headquartered in Hong Kong, China, since 2019. However, the exchange has successfully been registered by the Securities Commission of the Bahamas as a digital assets business. In a statement, Natalie Tien, FTX spokeswoman, also confirmed that the exchange’s Bahamian subsidiary, FTX Digital Markets, registered as a digital assets business with the Bahamas securities agency. The announcement also revealed that Ryan Salame, former head of over-the-counter at Alameda Research, will head the division as the CEO of FTX Digital Markets. It is worth noting that although essential activities will be move to the Bahamas office, the Hong Kong office will remain active. Chinese central bank says crypto is a ‘huge challenge’ It is important to note that the People’s Bank of China (PBoC) has recently expressed displeasure with the growth of digital currency in the country. The top Chinese bank has described the growth of cryptocurrency as “a huge challenge” and a major source of concern for the global financial sector and traditional finance. Wen Xinxiang, director of the payment and settlement department at the PBoC in a system, condemned the growth of cryptocurrencies and stablecoins pegged to fiat currency. Wen argued that the cryptocurrency anonymous nature doesn’t favor the state and also opinionated that crypto causes issues for the traditional payments institutions and weakening the power of state-owned fiat currency. Hong Kong is losing its position as an international business hub, says Sam Bankman-Fried Sam Bankman-Fried, while expressing his discontentment with the Chinese government clampdown on the crypto space in the region, stated that the Chinese capital might lose its position as an international business hub. The FTX CEO further noted that if the clamps continue, he might be forced to leave the country where he has lived since 2018. Also, Bankman-Fried has disclosed his growing displeasure with the strict quarantine procedures in place in China. He took to his official Twitter handle to express his feeling about how the country is handling the COVID-19 pandemic and its travel restrictions.

Chinese game companies pledge the possibility of using self-regulation, facial recognition in crackdowns on...

The state-backed gaming association promised on Friday that more than 200 Chinese gaming companies will regulate the industry to combat game addiction, including using face recognition to identify minors. Stated. A statement officially released by the CGIGC Games Association, a member of the National Press and Publication (NPPA), an online game publishing regulator. [WeChat](//gadgets.ndtv.com/tags/wechat) The account was signed by 213 companies, including [Tencent](//gadgets.ndtv.com/tags/tencent) And NetEase. China has expressed strong concern about the rise in video game addiction among young people, and last month the NPPA banned children under the age of 18 from playing video games more than three hours a week. Was announced. Companies and investors are worried that further action on the industry awaits. The two companies have also promised to crack down on content that distorts history and promotes “feminine” behaviour, and will also work to prevent violations of these rules, such as the use of foreign gaming platforms, CGIGC said. July Tencent [Face recognition](//gadgets.ndtv.com/games/news/tencent-facial-recognition-china-gaming-restriction-midnight-patrol-underage-gamers-2482673) A function called “Midnight Patrol”. Parents can switch on to prevent children from using the adult login to circumvent the curfew. © Thomson Reuters 2021 [Orbit] The Gadgets 360 Podcast describes the iPhone 13, the new iPad and iPad mini, and the Apple Watch Series 7, and what they mean for the Indian market.Orbits are available at [Apple podcast] , [Google podcast] , [Spotify] , [Amazon music] Wherever you can get a podcast. latest [Technical news](//gadgets.ndtv.com/news) When [review](//gadgets.ndtv.com/reviews) Follow Gadget 360 [Google news](//news.google.com/publications/CAAqBwgKMILm3AowtoHPAQ?hl=en-IN&gl=IN&ceid=IN%3Aen) .. For the latest videos on gadgets and technology [YouTube channel](//www.youtube.com/channel/UCx5e1u7BX0aKwEj3sdYXdXg?sub_confirmation=1) .. [twitter] , [Facebook] , When Related article https://gadgets.ndtv.com/games/news/china-online-gaming-crackdown-teen-users-companies-self-regulation-facial-recognition-curb-2552040#rss-gadgets-all Chinese game companies pledge the possibility of using self-regulation, facial recognition in crackdowns on teenage addiction

Taiwan FDA investigates Foxconn companys use of unapproved COVID test kit – 2021-09-23 20-58-00

TAIPEI (Taiwan News) — The COVID-19 rapid test kit used by Foxconn Interconnect Technology (FIT) that yielded a positive test result has not yet been approved, according to the Food and Drug Administration (FDA), and whether its use was illegal has yet to be determined, reported UDN on Thursday (Sept. 23). According to the FDA, FIT responded to inquiries by saying that researchers in the Foxconn Group were conducting internal tests on the product and happened to find a positive result. As there were no mass trials, the FDA has not found the activity illegal, but it has asked the New Taipei City Department of Health to investigate if there have been any unlawful practices. The FDA will reach a conclusion within a week, CNA reported. If the test kit really was only used for preliminary test purposes within the company, the company could legally test as many employees as it wanted, as long as it did not sell the kit or use it on other people, CNA cited FDA Director-General Wu Shou-mei (???) as saying. The FIT engineer that received a positive test result with FIT’s saliva kit also got a positive rapid PCR test result after arriving at a hospital, according to an earlier report. However, a traditional PCR test yielded a negative result, and the engineer is now subject to further tests before the Central Epidemic Command Center decides whether he or she should be officially listed as a confirmed COVID case.

Eye on China, Quad vows to up its game in Indo-Pacific

Eye on China, Quad vows to up its game in Indo-Pacific September 25, 2021 Updated: September 26, 2021 at 3:47 am ? No change in Covishield dose gap: NTAGI chief

Shang-Chi VFX Teams Had to Build Macau Digitally Because of COVID Shutdowns

Shang-Chi VFX Teams Had to Build Macau Digitally Because of COVID Shutdowns Like a few other projects under the [Marvel Studios](/category/marvel-studios/) umbrella, Shang-Chi and the Legend of the Ten Rings was temporarily halted as the world began to shut down in early 2020 as a result of the ongoing global pandemic. Because of that, the production had to take certain liberties to make sure the film was out on time. That includes building Macau from the ground up using computer-generated imagery despite the region being an actual, real-life metropolitan area. Due to the various travel restrictions that quickly began to form, Marvel Studios and the team at RodeoFX put their heads together on what to do. Under normal circumstances, the film's second unit would travel to Macau and film blank plates the studio's visual effects vendors would then alter for the movie. Since time was of the essence, Ara Khanikian and his team at Rodeo opted to go the "from-scratch" route. Luckily for the team, the second unit had shot some scouting footage by the time travel shutdowns were in place they were able to reference. Between that and extensive use of Google Maps, Khanikian and his team were able to perfectly recreate a city usually home to 650,000-some residents. The team started at the primary skyscraper, a fictional building, used in the movie. From there, RodeoFX fleshed out the city. Those buildings closest to the skyscraper got a premium treatment, with accurate modeling, textures, and the works because those were the buildings that'd actually make the cut in the film. The further you got out from the building, the less detailed the building models became. "We wanted to avoid building every single building accurately, because that would have been just insane in terms of the amount of work," Khanikian tells ComicBook.com ."So we were looking at it going, 'Okay, well, you know what, behind our hero skyscraper is an area that looks a lot like the slums,' so we kind of analyze how they look and they have a repeating pattern the way that they're built and then we would build a little city block of slums and then just duplicate them with a lot of variation of height and textures and this and that." Regardless, the team always wanted to be as accurate as possible, no matter the cost. "We wanted it to make sure that it stands on its own, no matter what the shot is. So that in all of these shots, we can just plug and play Macau and just render it out with the proper camera and then concentrate on just matching the lighting with the scaffolding, the building, the skyscraper, all of that, dialing that work in terms of lighting and CG and leaving Macau, just letting it be, basically, and only fine tune it if we needed to in a shot," he adds. [0comments] Shang-Chi and The Legend of The Ten Rings is directed by [Destin Daniel Cretton](/category/destin-daniel-cretton/) and produced by [Kevin Feige](/category/kevin-feige/) and [Jonathan Schwartz](/category/jonathan-schwartz/) , with Louis D'Esposito, Victoria Alonso, and Charles Newirth serving as executive producers. David Callaham & Destin Daniel Cretton & Andrew Lanham wrote the screenplay for the film, which is now in theaters. What did you think of Shang-Chi's MCU debut? Let us know your thoughts either in the comments section or by hitting our writer @AdamBarnhardt up on Twitter to chat all things MCU !
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