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May 6th - The railways May Day holiday transport season, which began on April 29th, concluded today. According to the China State Railway Group, the eight-day national railway May Day holiday transport period saw approximately 158 million passenger trips, with several indicators setting new records. This years May Day holiday coincided with the spring break for primary and secondary school students across the country, resulting in strong demand for travel, family visits, and leisure activities. Railway passenger traffic remained high, with long-distance travel dominating at the beginning and end of the holiday and short-distance travel dominating in the middle.On May 6th, the State Administration of Radio and Television (SART) convened a mobilization meeting to address the issue of copyright infringement in the dissemination of television dramas. The meeting pointed out that copyright infringement in the dissemination of television dramas (including online dramas) seriously harms the legitimate rights and interests of producers and broadcasters, and undermines the healthy and sustainable development of the radio and television industry. SART, based on its industry management responsibilities, will work with the National Copyright Administration and other relevant regulatory departments to strengthen the primary responsibility of online platforms and focus on addressing the problem of copyright infringement of television dramas on illegal websites, browsers, search engines, and cloud storage services.On May 6th, at the 2026 Global Digital Cooperation Exchange Conference and Global Data Week, which opened in Shanghai, it was learned that under the guidance of the National Data Administration, Shanghai, as one of the first pilot cities for international cooperation in the data field, officially launched the Shanghai Comprehensive Pilot Program for International Cooperation in the National Data Field. This pilot program focuses on six major areas and 17 specific tasks, aiming towards 2030. Shanghai is committed to building a new international data cooperation system characterized by leading infrastructure, mutual recognition of rules, empowering platforms, and integrated scenarios. It closely adheres to releasing the value of data, promoting the digital economy, and advancing digital export services, creating a working pattern of "a new high-standard cross-border data foundation, a new high-quality system of mutual recognition of rules, a new high-level international cooperation platform, and a new highly collaborative export service ecosystem," exploring innovations for participating in global digital governance and promoting the convenient cross-border flow of data.May 6th, Futures News: Economies.com analysts latest view: Brent crude oil futures have continued to fall sharply in recent intraday trading, breaking below the short-term minor upward trend line. Although it has reached oversold levels, it may still fall further in the near term and may rebound with support at the 50-day moving average, thereby curbing the decline and potentially experiencing some upward rebound to recover some of the previous losses.May 6th Futures News: Economies.com analysts latest view: WTI crude oil futures prices fell in the latest intraday trading, breaking below the short-term uptrend line and the 50-day moving average support, exacerbating downward pressure and suggesting further declines in the short term, especially after losing key technical support levels. On the other hand, some positive signals are emerging; the Relative Strength Index (RSI) has begun to show a bullish crossover after reaching oversold levels, which may provide an opportunity for prices to stabilize or consolidate.

Binance says it is winning crypto clients thanks to inflation

Jimmy Khan

Aug 11, 2022 11:51



An official told Reuters on Wednesday, without giving specific figures, that Binance, the biggest cryptocurrency exchange in the world, is seeing an increase in customers as a result of increasing inflation and a historically high dollar that has hurt developing market currencies.


Maximiliano Hinz, who oversees Binance in Latin America, said in an interview in Lima that "we are witnessing that more and more individuals are pursuing cryptocurrencies, like bitcoin, as a method to protect themselves against inflation."


Hinz used Argentina as an example, where yearly inflation reaches 90%. Along with Brazil and Mexico, the nation has developed into one of the company's top markets, he said.


Despite a decline in cryptocurrency prices, Argentina's people continued to invest their money in bitcoin this year.


Although Hinz noted other Latin American countries have yet to implement significant cryptocurrency laws, he does not necessarily think it is a negative thing for the firm. El Salvador recently made news for making bitcoin legal money.


Regulation provides a framework, but the absence of regulation is not necessarily a bad thing, he said. "If it's not illegal, it's legal," the saying goes.


El Salvador has made a significant investment in bitcoin under President Nayib Bukele, legalizing it as money and purchasing more than $100 million worth of the digital currency, which has lost roughly 50% of its value this year amid a larger cryptocurrency selloff.