According to the note submitted by China to the UN space agency, a division of SpaceX, Starlink Internet Services, launched two satellites under the Starlink program.
Despite the fact that the coronavirus is biting hard on many businesses around the world today, Chinese authorities are not considering the state of the global economy and have notably launched a concurrent crackdown on the local tech companies.
Chinese social media giant Weibo opened at $32.85 in Hong Kong debut amid wild ride for China’s tech sector.
About 44% of Weibo’s stake belongs to the Chinese technology company Sina Corporation. In addition, Alibaba Group Holdings is the second-largest shareholder, owning around 29.6% stake in the company.
China has issued a fresh order on investigating alleged links of cryptocurrency being involved in illegal money laundering in traditional black markets, and has adopted the policy of crackdown and blocked several cryptocurrency accounts on Weibo to assert and establish control on ongoing Bitcoin mining practices.
As Bitcoin is ranked among the top hot topics by Weibo in China, analysts think the popularity will catalyze its market price to $40, 0000. However, BTC dominance is down in the $300B crypto market.
As it has been reported by the People’s Bank of China (PBOC), the country’s digital yuan is fully ready for trials.
Binance’s Shanghai office has been reportedly shut down by local police. The move has caused over 100 staff members to either switch to remote work or relocate to Singapore.