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February 15th news: The fourth issue of Qiushi magazine, to be published on February 16th, will carry an important article by Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, entitled "Key Tasks of Current Economic Work." The article points out that it is necessary to adhere to the bottom line and actively and steadily resolve risks in key areas. Strengthen the coordination between risk prevention and development promotion policies to further enhance development resilience. Focus on stabilizing the real estate market, implementing city-specific policies to control new supply, reduce inventory, and optimize supply, encouraging the acquisition of existing commercial housing for the purpose of affordable housing, etc. Deepen the reform of the housing provident fund system, orderly promote the construction of "good houses," and accelerate the construction of a new model for real estate development. Actively and orderly resolve local government debt risks, urging local governments to proactively resolve their debts. Optimize debt restructuring and replacement methods, and take multiple measures to resolve the operational debt risks of local government financing platforms.February 15th news: The fourth issue of Qiushi magazine, to be published on February 16th, will carry an important article by Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, entitled "Key Tasks of Current Economic Work." The article points out that it is necessary to persist in reform and strengthen the driving force and vitality of high-quality development. This includes formulating regulations for the construction of a unified national market, thoroughly addressing "involutionary" competition, and creating a sound market ecosystem. It also includes formulating and implementing a plan to further deepen the reform of state-owned assets and enterprises, and improving supporting regulations and policies for the Law on Promoting the Private Economy. Furthermore, it calls for accelerating the clearing of overdue payments to enterprises, promoting win-win development for platform enterprises and their operators and workers, expanding pilot projects for market-oriented reforms of factors of production, optimizing the structure of fiscal transfer payments, and improving the local tax system. Finally, it emphasizes further promoting the reduction and improvement of small and medium-sized financial institutions and continuously deepening the comprehensive reform of investment and financing in the capital market.February 15th news: The fourth issue of Qiushi magazine, to be published on February 16th, will carry an important article by Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, entitled "Key Tasks of Current Economic Work." The article points out that it is necessary to adhere to innovation-driven development and accelerate the cultivation and expansion of new growth drivers. It emphasizes adhering to the principle of using scientific and technological innovation to lead industrial upgrading and continuously generate new quality productivity. It calls for formulating an integrated plan to promote the development of education, science and technology talent. It also emphasizes building international science and technology innovation centers in Beijing (Beijing-Tianjin-Hebei region), Shanghai (Yangtze River Delta region), and the Guangdong-Hong Kong-Macao Greater Bay Area, creating world-class sources of scientific and technological innovation. Furthermore, it stresses strengthening the leading role of enterprises in innovation, supporting the expansion of application demonstrations of new technologies, new products, and new scenarios, improving the intellectual property protection system in emerging fields, and accelerating the transformation of scientific and technological achievements. The article also calls for formulating an action plan to expand and improve the service industry, implementing a new round of high-quality development action for key industrial chains, deepening and expanding "artificial intelligence +", improving artificial intelligence governance, and innovating science and technology financial services.February 15th news: The fourth issue of Qiushi magazine, to be published on February 16th, will carry an important article by Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, entitled "Key Tasks of Current Economic Work." The article emphasizes that there are many tasks to be done in the economic work of 2026, and it is crucial to grasp the key points and focus on the essentials. It stresses adhering to domestic demand as the main driver and building a strong domestic market. It calls for coordinating efforts to promote consumption and expand investment, making good use of my countrys super-large market advantage. It emphasizes the need to further implement special actions to boost consumption, formulate and implement plans to increase the income of urban and rural residents, expand the supply of high-quality goods and services, optimize the implementation of policies related to new infrastructure and new urbanization, eliminate unreasonable restrictions on consumption, and unleash the potential of service consumption such as culture and tourism. Focusing on improving peoples livelihoods and enhancing future growth potential, it calls for stabilizing investment, appropriately increasing the scale of central government budgetary investment, optimizing the implementation of key projects, optimizing the management of local government special bonds, continuing to leverage new policy-based financial instruments, promoting high-quality urban renewal, and effectively stimulating private investment.On February 15th, the Equipment Industry Department of the Ministry of Industry and Information Technology organized the National Automotive Standardization Technical Committee to revise the mandatory national standard "Marking of Automotive Control Components, Indicators and Signaling Devices." A draft for public comment has been completed and will be released soon. The document explicitly requires that turn signal lights, window operation, and activation of combined driver assistance systems should be equipped with physical control components. This document replaces GB 4094—2016 "Marking of Automotive Control Components, Indicators and Signaling Devices." This revision adds new types and technical requirements for physical control components, aiming to improve driving safety, ensure that key control components are accessible, usable, and largely blind-operable during driving, allowing drivers to perceive the triggering results of control components without overly relying on visual cues, reducing distractions caused by display screens, and further ensuring the reliability and effectiveness of control components. Other modifications and additions include: changing the scope of application of the standard, deleting descriptions inapplicable to electric vehicles, adding requirements for the display level and visibility of signs, and adding a power battery fault signal device sign, etc.

Bitcoin – The Spring Compressed Tightly

Alina Haynes

Oct 19, 2022 15:39

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Bitcoin is once again trading at $19.3K, as it has been seven of the last eight mornings. Again, attempts to extend the uptrend have been greeted with rising selling pressure. A flawless month-long flat has caused the rate to decrease by 1.5% in 24 hours, increase by 0.8% in 7 days, and increase by 2.4% in 30 days. Near $1300, Ethereum trades, dropping 2.4% in 24 hours but gaining 0.65% in 7 days.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Bitcoin found room to move farther into the triangle's corner, pulling back from its upper boundary, and the 50-day moving average is now acting as resistance. All of this indicates that the financial world is awaiting additional clear signs before making a decisive move in either way.

 

Nevertheless, we continue to believe that the exit from this lull will be upward rather than downward - the downturn has been too protracted, and too much pessimism is already priced into prices.

 

At the same time, renowned crypto writer Ton Weiss predicted that Bitcoin's price may fall to $11,000 before regaining its footing. According to him, BTC is forming a downward triangle, similar to the triangle saw in 2018, when the value of the first cryptocurrency virtually halved. According to a second scenario, Bitcoin would continue to consolidate in a range until the end of the year.

History of the news

Glassnode cautioned that the drop in indicated and realized volatility towards historical lows portends an imminent increase in volatility.

 

Bitcoin was recognized as the oldest cryptocurrency, the first decentralized cryptocurrency, and the most expensive cryptocurrency in the most recent edition of the Guinness World Records ("Guinness World Records 2023").

 

Vitalik Buterin, co-founder of Ethereum, stated that network validators should be tolerant and refrain from censoring transactions that do not align with their values.

 

According to the Financial Conduct Authority (FCA) of the United Kingdom, bitcoin fraud has received the most investor complaints.

 

Interpol has established a dedicated unit to combat cryptocurrency crime. The Singapore-based team will help international law enforcement agencies with digital asset-related investigations.