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.
Prominent technology investor Cathie Wood’s Ark Invest released an updated Bitcoin price target, outlining a path for the top cryptocurrency to reach a price of as much as $2.4 million per coin by 2030.
Released on Thursday, the latest report levels up Ark’s previous price predictions from its annual Big Ideas report, which used total addressable markets (TAM) and penetration rate assumptions to determine a price prediction for Bitcoin.
Now, the firm combined its previous predictions with expe...
Bitcoin ETFs attracted $442 million in inflows yesterday, marking the fourth consecutive trading day of positive accumulation. Markets have been green since last Thursday, but were closed in various regions in observation of Good Friday and Easter.
Total assets under management now stand at $108 billion, according to data from CoinGlass, reaching its highest level since late February, as Bitcoin continues its recovery from the low $80,000 range this week.
BTC, the original cryptocurrency, is cur...
An Ethereum user fell victim to an address poisoning scam on Sunday, resulting in the loss of nearly $700,000 worth of the USDT stablecoin.
Experts warn this rising form of scam is easy to fall victim to if users aren’t militant in fully checking the address that they’re sending funds to.
What is address poisoning?
For address poisoning to work, malicious actors create an address that looks strikingly similar to an address that the victim has interacted with recently. The attacker will then send...