Weeks after Jimmy Lai, the outspoken China critic and founder of Hong Kong tabloid Apple Daily, was arrested (and later released on bail) by authorities in Hong Kong—as part of the ongoing tussle over the controversial security law—his paper delivered a political statement involving Bitcoin.
“Bitcoin will never ditch you,” said the full-page ad on the front page of Apple Daily. It further added in Cantonese, “Banks, it’s not you ditching me today. It’s me ditching you.”
Today’s full-page ad on the front of Apple Daily says: “Banks, it’s not you ditching me today. It’s me ditching you.”
Not sure the people whom the ad is aimed at would buy this newspaper though... pic.twitter.com/DEcMckxBvY
Lai’s arrest earlier this month came as a shock for some political observers. His stance on pro-democracy and his paper, with a daily online readership of 500,000, found massive supporters who vowed to fight on after his arrest.
The ad took aim at the city’s banks which, as per earlier reports, are clamping down on customers supporting Hong Kong’s independence. It wrote, “Nobody can stop you from transacting on the network and it cannot be shut down. Bitcoin is available to anyone regardless of their gender, identity, or beliefs."
Copies of Apple Daily with the full-page Bitcoin ad. Image: Reddit
The ad went on, “Bitcoin began with the genesis block in 2009. Now its time is coming.”
Unrest in Hong Kong over the National Security Law, which would see Hong Kong citizens lose their rights and come under the strict legislation of China if imposed, has been ongoing for a year.
Decisions by international banks to reportedly scrutinize clients’ potential ties to the year-long pro-democracy protests in Hong Kong are not reflective of the official government policy of the City’s central bank, the Hong Kong Monetary Authority (HKMA), it said.
Reuters reported earlier this week that bankers at the largest international banks in Hong Kong were broadening scrutiny of their due diligence efforts on clients, scanning social media to see if clients and their associates have mad...
Until Lai's arrest earlier this month, only students and protestors had been arrested by local police. His arrest served a new reality for Hong Kongers—that no one, not even the city’s famed billionaires, would be spared if they criticized China publicly. And Lai got caught up in that.
For some, Lai is the posterchild of the Hong Kong success story. Born to a middle-class family in nearby Guangzhou, he came to the city on a rundown boat aged 12, worked as a laborer in a clothing factory, and worked his way to founding international brand Giordano and then influential publication Apple Daily. As of press time, he is worth $1.2 billion.
Tornado Cash co-founder Roman Storm issued one of his starkest rebukes yet of the Trump administration’s Department of Justice on Friday, arguing that if federal prosecutors prevail in the developer’s upcoming criminal trial, decentralized finance could be permanently destroyed.
“The DOJ wants to bury DeFi, saying I should’ve controlled it, added KYC, [and] never built it,” Storm wrote. “SDNY is trying to crush me, blocking every expert witness.”
“If I lose, DeFi dies with me,” the crypto devel...
Late Thursday evening, Israeli fighter jets struck Iranian nuclear facilities, opening a wave of instability across global markets, with two camps split on what to do: those running for shelter and those fleeing risk.
Gold, long considered a safe haven, beckoned investors seeking safety from the escalating Middle East conflict. Bitcoin, often touted as digital gold, instead joined the exodus of risk assets.
"The traditional buyers of gold are not in the crypto market yet,” Stephen Wundke, direc...
GameStop shares plummeted on Thursday after the video game retailer announced that it would offer investors $1.75 billion worth of convertible senior notes, a form of corporate debt that Bitcoin-buying firms like Strategy have tapped to accumulate the asset.
The Grapevine, Texas-based firm’s stock price had dropped 22% to $22.12, as of noon Eastern Time, according to Yahoo Finance. GameStop shares changed hands around $25.40 in late March, when the company said that it could start leveraging Bit...