Its purchasers may want to check the quality of their baubles. China's second-largest e-commerce operator is spinning off its online pharmacy and health clinic JD Health in a $3.4 billion IPO. Robin has worked in journalism for 58 years, with 32 of those involving covering resource companies. The new rule, which was published on October ... read more. Purchase Bitcoin without visiting a cryptocurrency exchange. Etherstack partners with Samsung to provide mission critical communications technology to first responders, BPH Energy outlines huge potential for NSW offshore field to supply eastern gas market. Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. I wish I had a dollar for every time CNBC mentione... Chinese E-Commerce Giant to List Health Unit in Hong Kong, Hong Kong-Singapore Travel Bubble Bursts Before It Begins, Asia's Worst-Performing Stock Market Suddenly Becomes Its Best, Defaults for State-Owned Enterprises Set to Boom in China, United States Notable by its Absence in Pan-Asian Trade Pact, Wednesday Morning Fibocall for 11/25/2020, Fibocall: Watching the INDU, but Trading the DIA. Rival bidders for Tri-Ring immediately questioned the transparency of the bidding and Kingold's qualifications, according to Caixin. Furthermore, he believes that the people being investigated by the Chinese authorities over the fake gold scandal are just scapegoats since the scale of this operation is “not something one or two people can do,” noting that the amount he got involved with “is just the tip of the iceberg.”, The gold bars were discovered to be fake in February but the media and Chinese regulators kept quiet about it until June, the publication pointed out. What do you think about this story? Previous Bitcoin Bull Run Patterns Suggest Current Run Could See a $160K Top, Possible $25K Bottom. Follow Real Money's Wall Street Pros to receive real-time investing alerts. Caixin also contacted Jia, who again denied the bars were fake. MCS Introduces a Market Maker Program With the Best Benefits in... Cryptowisser Announces Most Comprehensive Exchange Comparison Tool on the Market. The trust companies involved are largely what are known as “shadow banks”. On November 15, 2020, the Bitcoin Cash blockchain experienced a network upgrade and a bifurcation of the chain as well. While Chinese authorities have not said whether the … Its share price plunged 88% since the scandal surfaced to $0.1334 on Wednesday. Now that's according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain ... read more. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, ... read more. The RCEP, which covers one-third of the world's population and economy, agreed on terms that China helped design. They were responsible for contacting buyers and transporting the gold. Kingold bought a company called Tri-Ring that owned blocks of land in Wuhan and Shenzhen with some of the borrowed money. The plan is an ERISA compliant employer-sponsored 401(k) and assets are held in institutional-grade cold ... read more. However, if no rating change occurs, the data on this page does not update. A new month, another scandal involving a U.S.-listed Chinese company. ... read more. Get set for a massive battle around retirement, Five reasons Bitcoin is in a strong bull market, Weekly review: soggy Friday can’t hide another good performance, China makes first step towards taking control of world copper market, Zinc price on the rise amid Gamsberg suspension and market deficit, Property market could be set for a boom and not a bust, Pandemic boom sectors on the ASX that slipped under the radar, ASIC report dissects buy now, pay later industry, finds one in five users struggle to meet payments, Nova Minerals expands mineralisation footprint at Korbel target within Estelle gold project, WA Kaolin commences trading at a premium after heavily subscribed IPO, Strategic Elements to declare results of novel battery and neuromorphic memory technology, Lake Resources closer to ‘revolutionising’ lithium chemical industry with ‘disruptive’ technology, TNG appoints renewable energy specialists to progress vanadium redox flow battery business, Roto-Gro raises $1.53 million to launch perishable food and vertical farming divisions, Fatfish Group to launch corporate BNPL for Southeast Asia via Smartfunding, Kingston Resources releases Misima PFS showing low-cost, long-life gold mine. It paid 2.8 billion yuan shortly after the deal, then another 2.4 billion yuan using gold-backed money from Dongguan Trust. The story broke after a Beijing-based website investigated complaints and then posted the news under the headline: “The mystery of [US]$2 billion of loans backed by fake gold”.