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China’s Social Credit System

China bans dealings with 5 US subsidiaries of South Korean shipbuilder Hanwha Ocean China's Social Credit System

China bans dealings with 5 US subsidiaries of South Korean shipbuilder Hanwha Ocean

HONG KONG (AP) — China’s Commerce Ministry said Tuesday it was banning dealings by Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha Ocean in the latest swipe by Beijing at U.S. President Donald Trump’s effort to rebuild the industry in America. The ministry also announced that it was…
bubmag
October 14, 2025
Trump’s tariff on China spurs record $10 billion volume for Bitcoin funds China's Social Credit System

Trump’s tariff on China spurs record $10 billion volume for Bitcoin funds

Crypto-based funds attracted $3.17 billion in new capital, even as markets reeled from tariff-related tensions between the United States and China, according to CoinShares weekly report. On Oct. 10, President Donald Trump announced that the US could raise tariffs in response to China’s new rare-earth export restrictions. The statement triggered…
bubmag
October 13, 2025
Crypto traders blame Trump’s tariffs in search of ‘singular event’: Santiment China's Social Credit System

Crypto traders blame Trump’s tariffs in search of ‘singular event’: Santiment

The US-China talks will “be central” to crypto traders’ market moves in the short-term, sentiment platform Santiment said. Crypto retail traders were quick to blame Friday’s broader crypto market decline on US President Donald Trump announcing a 100% tariff on China, as they often look for something to point the…
bubmag
October 12, 2025
$19B Liquidation Hits Crypto Market Amid US–China Trade War Escalation China's Social Credit System

$19B Liquidation Hits Crypto Market Amid US–China Trade War Escalation

The crypto market just witnessed its most violent liquidation event in history. Over $19 billion in leveraged positions vanished within 24 hours, wiping out 1.6 million traders across major exchanges. This wasn’t just another crash. It was the largest liquidation event the digital asset market has ever seen, nearly 9×…
bubmag
October 11, 2025
Bitcoin plummets to $102K on Binance as Trump announces 100% tariffs on China China's Social Credit System

Bitcoin plummets to $102K on Binance as Trump announces 100% tariffs on China

Bitcoin plunged to $102,000 in the Binance perpetual futures pair after Trump announced sweeping tariffs on China on Friday, reigniting fears of a broader market sell-off. US President Donald Trump announced a 100% tariff on China on Friday, sending the price of Bitcoin (BTC) reeling below $110,000 at the time…
bubmag
October 10, 2025
Thousands fall ill as mosquito fever explodes across southern China China's Social Credit System

Thousands fall ill as mosquito fever explodes across southern China

A recent editorial in Biocontaminant reveals that Guangdong Province is now facing the largest chikungunya fever outbreak ever documented in China, with more than 4,000 confirmed infections reported since late July. Shunde District in Foshan has been hit hardest, accounting for over 3,600 cases, while additional infections have appeared in…
bubmag
October 10, 2025
To drink or not to drink – China Derung ethnic minority uses tea in marriage proposal China's Social Credit System

To drink or not to drink – China Derung ethnic minority uses tea in marriage proposal

China’s Derung ethnic minority uses a single cup of tea to convey acceptance or rejection when it comes to a proposal of marriage. This unique ritual takes place during the “Saying the Marriage” custom, or Shuohun in Chinese. It is practised by the Derung ethnic group, whose population is around…
bubmag
October 10, 2025