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November 26th - TSMCs annual supply chain forum was held on the 25th. Chairman C.C. Wei mentioned that there is insufficient capacity for advanced process technologies. To strengthen its layout, the market expects that TSMC will simultaneously build or expand 10 wafer fabs globally next year, with supply chain support being the most important factor. Analysts predict that TSMCs capital expenditure will reach US$50 billion in the new year.On November 26, the following conditions were met: (i) the minimum public notice period was reached; (ii) the dishonest behavior was corrected and the obligations stipulated in the administrative penalties, abnormal list or serious dishonest entity list involved in the dishonest behavior were fully fulfilled; (iii) a public credit commitment was made, the content of which should include that the submitted materials are true and valid, and clearly state that the party is willing to bear the corresponding responsibility for violating the commitment; (iv) other conditions required by laws, administrative regulations and departmental rules.On November 26th, it was announced that the "Measures for the Management of Credit Repair," approved at the 25th meeting of the Commission on November 19th, 2025, will be implemented from April 1st, 2026. According to these measures, information on breaches of trust will be managed in categories based on their severity, generally divided into three categories: "minor," "general," and "serious." Different public disclosure periods will be set for each category according to the principle of proportionality between offense and penalty, with the disclosure period calculated from the date of the judicial or administrative documents determination. Minor breaches of trust will generally not be disclosed; however, if the industry regulatory authority deems it necessary, the disclosure period will not exceed three months, and the applicant can apply for credit repair once the legal responsibilities have been fulfilled. The minimum disclosure period for general breaches of trust is three months, and the maximum is one year. The minimum disclosure period for serious breaches of trust is one year, and the maximum is three years. Only after the minimum disclosure period expires can the credit subject apply for credit repair as stipulated. After the maximum disclosure period expires, the relevant information will automatically cease to be disclosed. Those who fail to correct their dishonest behavior or fully fulfill their relevant obligations after the maximum public notice period has expired will be dealt with in accordance with the relevant regulations of the industrys competent authority.Abu Dhabi National Oil and Gas Company: Signs $4 billion, 20-year gas supply agreement with EMSTEEL to support UAE industrial development.The Federal Aviation Administration (FAA) is investigating the Amazon MK30 drone that struck power lines in Waco, Texas last week.

El Salvador Buys The Dip With 80 More BTC

Jimmy Khan

Jul 01, 2022 14:15

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El Salvador's mysterious president Nayib Bukele tweeted on July 1 that his nation has purchased a further 80 BTC for almost $19,000 apiece before concluding, "Bitcoin is the future." The transaction would have cost around $1.52 million in total.


The Central American nation now has a total of 2,381 bitcoins, which lowers the dollar cost average price.


Early in May, Nayib made the prior acquisition of 500 BTC for $15 million. But back then, the asset was valued at around $32,000.


Beginning in September 2021, when it acquired 200 BTC, Holdings in The Red El Salvador started contributing Bitcoin to its treasury. However, the item was suddenly trading for more over $50,000. The next seven transactions that year, along with one in January, totaled an additional 410 BTC for an average cost of around $36,500.


The entire amount of El Salvador's Bitcoin holdings is presently $46.7 million, but the Nayib tracker (which hasn't yet included this most recent purchase) shows that the nation has lost around 55% of its investment capital. If sold, it would suffer a loss of around $58 million. Given that he just strengthened his stance on the asset, it is obvious that Nayib Bukele has no intention of selling.


Alejandro Zelaya, El Salvador's minister of finance, said in May that the amount of BTC the nation had at the time was less than 0.5 percent of its yearly budget. It created a "very minor" danger to the nation's financial situation, he said.


Economic growth in El Salvador has decreased, according to a CNBC piece published last week. The nation's debt-to-GDP ratio, which measures how much a country owes compared to how much it produces, will reach 87 percent this year, and its deficit continues to be large.


The boost in tourism, which has increased by 30% since Bitcoin was approved in September, is one benefit of Bukele's Bitcoin experiment. Additionally, Bukele's popularity ratings have increased to just around 85%. He is up for reelection in 2024, and if Bitcoin markets are still bullish by then, his position is all but secured.


El Salvador has followed software company MicroStrategy, which this week also added 480 BTC to its stockpile by purchasing additional Bitcoin.

BTC Falls under $19K

During the Friday morning Asian trading session, bitcoin prices fell to an intraday low of $18,782. But it rapidly bounced back, reaching $20,280 at the time of writing.


Although the asset has been range-bound for the previous two weeks, it has lost more than 36% of its value in that time. Since reaching an all-time high of $69,000 in November 2021, the price of bitcoin has decreased by 70%.


As the bears continue to control the markets, the fear and greed index is buried in the "severe fear" zone.

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