Atlas Angle

Tech Leader Jailed as Singapore Investors Lose S$1.1 Million to Chinese Tycoon’s Crypto Firm

6Aug

By Crypto GuyNo Comments

Movie Reviews

Tech Leader Jailed as Singapore Investors Lose S$1.1 Million to Chinese Tycoon’s Crypto Firm

A&A Blockchain Innovation, founded by Yang Bin—once China’s second-richest man—raised S$6.7 million from over 700 Singaporean investors. Singapore CTO Jailed for Five Years Over Crypto Ponzi Scheme Wang Xinghong, the Chief Technology Officer of a cryptocurrency firm that defrauded Singaporean investors, was sentenced to five years in prison on Tuesday (Aug 6). Wang, a 40-year-old Chinese national, admitted to six charges of conspiring to commit fraud, with an additional seven charges considered during sentencing. The case involved A&A Blockchain Innovation, a company that attracted S$6.7 million from over 700 investors under a fraudulent scheme. The company, founded by Yang Bin—once listed by Forbes as China's second-richest man—promised investors daily returns of 0.5% thr...

Revitalizing Bitcoin: What Trump’s Support for Cryptocurrency Might Imply

6Aug

By Crypto GuyNo Comments

Movie Reviews

Revitalizing Bitcoin: What Trump’s Support for Cryptocurrency Might Imply

Understanding Trump's Influence on Cryptocurrency Former President Donald Trump's recent endorsement of Bitcoin and other cryptocurrencies has the potential to reshape the crypto landscape. Known for his significant impact on financial markets through his statements and policies, Trump's support could bring about substantial changes in how digital assets are perceived and valued. Implications for Bitcoin Boost in Credibility and Adoption: Trump's endorsement might enhance Bitcoin’s credibility, encouraging both individual and institutional investors to explore digital currencies. This increased attention could drive higher demand and potentially elevate Bitcoin's market value. Regulatory Shifts: His support may prompt a reevaluation of cryptocurrency regulations. Positive chang...

Report warns China’s proposed Brahmaputra Great Bend Dam could flood parts of India strategically.

2Aug

By Crypto GuyNo Comments

Movie Reviews

Report warns China’s proposed Brahmaputra Great Bend Dam could flood parts of India strategically.

China's proposed Great Bend Dam on the Brahmaputra River could significantly boost its capacity to manage and manipulate water flows into India, according to a report by the Australian Strategic Policy Institute (ASPI) titled "The Geopolitics of Water: How the Brahmaputra River Could Shape India-China Security Competition." The Great Bend, where the river takes a dramatic 3,000-meter plunge through a gorge before flowing into India's Arunachal Pradesh, is identified as a key site for hydropower development. The ASPI report outlines four likely strategic impacts of the proposed dam. First, it would likely consolidate Beijing's political control over its remote border regions. Second, the dam could affect human settlement and economic patterns on the Indian side of the border, particularly ...

Typhoon Gaemi has struck Fujian Province, affecting over a million lives. China

26Jul

By Crypto GuyNo Comments

Weather, Movie Reviews

Typhoon Gaemi has struck Fujian Province, affecting over a million lives. China

With swelling rivers and flash floods on the rise, authorities have evacuated hundreds of thousands across several provinces Typhoon Gaemi has made its way into southeastern China after a powerful and turbulent crossing of the Taiwan Strait. The arrival of Gaemi has led to urgent warnings about rising rivers, flash floods, and severe waterlogging in various cities and provinces that were already grappling with extreme rainfall from earlier storms. This storm, the third and most intense typhoon to strike China's eastern seaboard this year, made landfall in Fujian province at 7:50 pm local time (11:50 GMT) on Thursday. Gaemi brought with it fierce winds reaching up to 227 kilometers per hour (141 miles per hour), some of the strongest winds ever recorded in the Western Pacific. In antici...

Tesla’s Turbulent Q2: Profit Margins Decline Amid Strategic Changes

24Jul

By Crypto GuyNo Comments

Movie Reviews

Tesla’s Turbulent Q2: Profit Margins Decline Amid Strategic Changes

Tesla's Turbulent Q2: Profit Margins Decline Amid Strategic Changes Tesla's profit margin hit a five-year low, missing Wall Street targets due to price cuts and higher AI spending. Despite plans for affordable models by 2025, competition led to fewer deliveries and an 8% drop in shares after hours. On Tuesday, Tesla reported its lowest profit margin in over five years and fell short of Wall Street earnings targets for the second quarter. This significant drop was largely due to the company's strategic decision to reduce vehicle prices in an effort to stimulate demand, alongside increased expenditure on artificial intelligence (AI) projects. Despite Tesla’s ambitious plans to launch new, more affordable vehicle models by the first half of 2025, the company acknowledged that these mode...

19 Lives Lost in Nepal Airline Tragedy at Tribhuvan Airport

24Jul

By Crypto GuyNo Comments

Top 10s, Movie Reviews

19 Lives Lost in Nepal Airline Tragedy at Tribhuvan Airport

19 Lives Lost in Nepal Airline Tragedy at Tribhuvan Airport A tragic crash involving a Saurya Airlines Bombardier CRJ-200 occurred at Tribhuvan International Airport during takeoff, killing 19, including a foreign passenger. The pilot survived but with severe injuries. The airport was temporarily closed, raising further concerns about air safety in Nepal. A devastating accident occurred at Tribhuvan International Airport on Wednesday when a private Nepalese airline plane crashed during takeoff and caught fire. The tragedy claimed the lives of 19 people, including a foreign national, while the pilot managed to survive despite sustaining major injuries. The ill-fated aircraft was a Bombardier CRJ-200 belonging to Saurya Airlines. According to a statement from the Search and Rescue Cen...

U.S. Embassy demands freedom for detained Russian-American journalist Alsu Kurmasheva.

23Jul

By Crypto GuyNo Comments

Top 10s, Movie Reviews

U.S. Embassy demands freedom for detained Russian-American journalist Alsu Kurmasheva.

U.S. Embassy demands freedom for detained Russian-American journalist Alsu Kurmasheva. The U.S. Embassy in Moscow has strongly advocated for the release of Alsu Kurmasheva, a Russian-American journalist who has been imprisoned under contentious circumstances. Kurmasheva, known for her work with Radio Free Europe/Radio Liberty (RFE/RL), was initially detained in June and has remained in custody since October 18. The embassy has condemned her imprisonment as unjust, highlighting concerns over freedom of the press and fair treatment under the law. Kurmasheva's legal ordeal intensified when a court in Kazan convicted her of spreading false information about the Russian army in a closed trial. This development coincided with another troubling case involving U.S. reporter Evan Gershkovic...

Thailand’s Cannabis Policy Reverses Course: Medical Use Legislation Expected Soon

23Jul

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Thailand’s Cannabis Policy Reverses Course: Medical Use Legislation Expected Soon

Thailand's Cannabis Policy Reverses Course: Medical Use Legislation Expected Soon Thailand's evolving stance on cannabis policy has been a topic of significant interest and debate in recent years, culminating in a noteworthy reversal regarding its approach to marijuana use. From initial steps towards decriminalization to the current push for legislative measures focused on medical applications, Thailand's journey reflects broader shifts in attitudes towards cannabis both domestically and internationally. In 2022, Thailand made headlines by becoming one of the first countries in Asia to decriminalize marijuana. This move marked a departure from its historically strict stance on drug enforcement, which often included severe penalties for possession and trafficking. The decision to de...

Strategic Investments to Transform Mongolia’s Trade Along the China-Mongolia-Russia Corridor

23Jul

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Strategic Investments to Transform Mongolia’s Trade Along the China-Mongolia-Russia Corridor

Strategic Investments to Transform Mongolia's Trade Along the China-Mongolia-Russia Corridor The World Bank's report underscores the necessity for strategic investments and policy reforms to enhance Mongolia's international trade and logistics via the China-Mongolia-Russia Economic Corridor. It emphasizes improving railway efficiency, border operations, and increasing private sector involvement. These efforts are aimed at reducing Mongolia's dependence on mineral exports and fostering sustainable economic growth. The study by the World Bank focuses on enhancing Mongolia's international trade and logistics through the China-Mongolia-Russia Economic Corridor (CMREC). This initiative addresses Mongolia's potential and the challenges it faces in utilizing its abundant mineral resources...

Ambiguous 20th Central Committee Communique from China sparks criticism.

23Jul

By Crypto GuyNo Comments

Movie Reviews, Top 10s

Ambiguous 20th Central Committee Communique from China sparks criticism.

Ambiguous 20th Central Committee Communique from China sparks criticism. China's 20th Central Committee Communique Criticized for Ambiguity and Economic Ineffectiveness Following the conclusion of China's 20th Central Committee's Third Plenum, experts have delivered a scathing critique of the Chinese Communist Party's (CCP) communique, labeling it as vague and insufficient in addressing pressing economic issues. The plenum, which concluded on July 18, culminated in a 5,000-word communique that outlined the party's economic strategy and policy directives. However, expert analyses, as reported by Voice of America, highlight widespread dissatisfaction and skepticism among analysts regarding the plan's efficacy and comprehensiveness. Shi He-ling, an Associate Professor of Economics at...