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Dow futures crashed over 1.5% at the open of trade on Sunday. Xi Jinping wobbled stocks after admitting China made mistakes as the coronavirus spreads rapidly in Italy, South Korea and the Middle East. Further problems for the Dow Jones emerged after Bernie Sanders comfortably won the Democratic primary
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Tesla could reduce costs significantly by using cobalt-free batteries. Cobalt batteries are one of the most expensive components in electric vehicles. Elon Musk envisioned the Model 3 as a mass market car but it currently competes with luxury vehicles. One of the biggest factors preventing the mass adoption of electric vehicles (EVs) has
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Half of all coronavirus cases outside of China are all on the Diamond Princess cruise ship. The number of infected people on board rose by 88 overnight to a total of 542. Scientists say it’s obvious the quarantine hasn’t worked. A cruise ship docked off the coast of Japan has become an ‘incubator’
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Ripple CEO, Brad Garlinghouse claims the centralization of Bitcoin mining capacity in China is a major point of weakness for the number one cryptocurrency."China controls the Bitcoin blockchain. There are 4 miners in China that represent the 60%+ of mining capacity and 80% of mining capacity is based in China
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China is ramping up its efforts to censor international coverage of the coronavirus. President Xi has stated a need to “strengthen the guidance of public opinion.” The reasoning behind this is clear: Beijing needs to stifle a possible powder keg of unrest in Hubei province. In a predictable move, the Chinese government has
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Over 50% of the coronavirus patients in Hubei are being treated with traditional remedies. Traditional Chinese Medicine has dubious efficacy and could have caused the coronavirus outbreak through the trade of pangolins. Bejing is exploiting the crisis to promote nationalist Communist Party goals. They want to boost the market for TCM and
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Bitcoin was struggling to resume its explosive upside action on Friday as it felt the pressure from a so-called China FUD level.The offbeat cryptocurrency earlier this week plunged by more than 4.5 percent right after it established a new year-to-date high above $10,500. The move served as a reminiscent of
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China has been leading the way when it comes to digital payments by average consumers in the country. While such payments in the United States like Apple Pay are becoming more widely accepted, in nearby Japan such methods are still relatively rare. Alipay has been offering residents of China
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Chinese President Xi Jinping warned officials that their response to the coronavirus outbreak had already harmed the nation’s economy. Local authorities told to reign-in the scale of their response. China’s central bank declares the country’s economic health must be the first priority. China’s President Xi Jinping reportedly told staffers
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Senator Tom Cotton believes the Wuhan coronavirus leaked from a Chinese super laboratory. The Senator’s comments look outlandish on the surface but they are a valid response to the secrecy from the Chinese government. Chinese authorities need to provide more information or the speculation will continue. Republican Senator Tom Cotton is slamming the
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