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On October 11th, the Interior Ministry of the Hamas-controlled Gaza Strip announced that Gaza police would be deployed to areas evacuated by Israeli forces to restore order. The ministry also urged residents to comply with instructions issued by the ministry in the coming days. The ministry stated in a statement that it would fulfill its duty to serve the people and protect public and private property. The statement urged Gazans returning home to remain vigilant against suspicious items, hazardous waste, and unexploded bombs, refrain from moving such items without authorization, and promptly notify police for their removal.On October 11th, the Philippine National Disaster Risk Reduction Council announced that as of 6:00 a.m. on October 11th, two strong earthquakes struck the waters off Davao Oriental Province in the southern Philippines on the 10th, resulting in seven deaths and 11 injuries, bringing the total number of affected people to 8,436. The Philippine Institute of Volcanology and Seismology reported that as of 8:00 a.m. on the 11th, 808 aftershocks had been recorded, 13 of which were felt, with the strongest aftershock measuring 5.8.Binance: All services have returned to normal and we will closely monitor developments.U.S. Trade Representative Greer: Significant progress has been made in trade negotiations with Cambodia, which will bring more export opportunities for American farmers.1. All three major U.S. stock indices closed lower, with the Dow Jones Industrial Average down 1.9%, the S&P 500 down 2.71%, and the Nasdaq down 3.56%. Amazon fell over 5%, and Nvidia fell nearly 5%, leading the Dow lower. The Wind US Tech 7 Index fell 3.65%, with Tesla down over 5% and Facebook down nearly 4%. Chinese concept stocks fell across the board, with Daquan New Energy down over 14% and GDS down over 13%. For the week, the Dow Jones Industrial Average fell 2.73%, the S&P 500 fell 2.43%, and the Nasdaq fell 2.53%. 2. All three major European stock indices closed lower, with the German DAX down 1.5%, the French CAC 40 down 1.53%, and the UKs FTSE 100 down 0.86%. For the week, the German DAX fell 0.56%, the French CAC 40 fell 2.02%, and the UKs FTSE 100 fell 0.67%. 3. U.S. Treasury yields fell across the board, with the 2-year Treasury yield down 1.63 basis points to 3.572%, the 3-year Treasury yield down 2.22 basis points to 3.586%, the 5-year Treasury yield down 2.25 basis points to 3.708%, the 10-year Treasury yield down 1.95 basis points to 4.117%, and the 30-year Treasury yield down 1.47 basis points to 4.707%. 4. International precious metals futures generally closed higher, with COMEX gold futures up 1.58% to $4,035.50 per ounce, a weekly gain of 3.24%. COMEX silver futures rose 0.76% to $47.52 per ounce, a weekly loss of 0.94%. Federal Reserve Chairwoman Mary Daly indicated that monetary policy remains moderately tight and further interest rate cuts are possible. U.S. economic data showed weak consumer confidence and rising debt risks, boosting demand for gold as a safe haven. 5. International oil prices closed lower across the board. The main contract of U.S. oil fell 5.32% to $58.24 per barrel, down 4.34% for the week; the main contract of Brent crude fell 4.8% to $62.09 per barrel, down 3.78% for the week. 6. London base metals fell across the board, with LME tin futures down 4.61% to $35,350.00/ton, down 5.62% for the week; LME copper futures fell 4.54% to $10,374.00/ton, down 3.19% for the week; LME aluminum futures fell 1.88% to $2,746.00/ton, up 1.35% for the week; LME nickel futures fell 1.79% to $15,215.00/ton, down 1.41% for the week; LME zinc futures fell 0.86% to $2,984.50/ton, down 1.65% for the week; and LME lead futures fell 0.76% to $2,014.50/ton, down 0.27% for the week.

China Slams Illegal Websites and Accounts for Exaggerating BTC Returns

Alice Wang

Aug 10, 2022 14:20

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China is actively pursuing websites and social media accounts that are promoting cryptocurrencies illegally.


Cyberspace Administration of China (CAC), the nation's main internet censor, said on Tuesday that it has launched a cleanup effort to deal with unlawful bitcoin (BTC) ads that overstate potential investment returns.


The CPC Central Committee's decisions and deployments have been implemented by the Cyberspace Administration of China since the year's beginning, and various actions have been taken to deal with and clean up a number of illegal information, accounts, and websites that advertise and promote virtual currency.


In a note titled "Further Preventing and Handling Hype Risks in Virtual Currency Transactions," the CAC calls on internet platforms to step up efforts to combat fraudulent cryptocurrency advertisements.


12,000 illegal user accounts were shut down by Weibo and Baidu.


Weibo and Baidu, two behemoths of social media, have terminated 12,000 user accounts that were judged to be "illegal" as part of what the central cyber arm termed a "high-pressure assault on virtual currency transaction speculation."


The translation of the official statement said that the ejected accounts included those of @ICE Blizzard and @Coin Circle Baoye's creator.


The CAC has also removed over 51,000 false and unlawful messages that claimed it was simple to profit from Bitcoin investments.


In compliance with the legislation, the department shut down 989 Sina Weibo accounts, Baidu Tieba accounts, and WeChat public accounts altogether.


Additionally, the local information department has been directed to examine more than 500 corporate organizations, such as "chain nodes" and "venture capital circles," that are participating in such cryptocurrency advertising by the central internet.


The Cyberspace Administration of China will shut down 105 internet platforms, including "Bi Toutiao," which specializes in promoting virtual currency marketing and dissects cross-border currency speculation and virtual currency mining in lessons.


The Chinese Cyberspace Administration said that the next stage in preventing the dissemination of false and illicit financial information about cryptocurrencies would be collaboration with relevant agencies.


CAC did not specify which departments it would be working with, however.


China has been stricter with its cryptocurrency rules in recent years, and in 2021 it will completely outlaw cryptocurrency mining.