World, Business and Bitcoin News Today – 22 July 2019 – Armed Gang Violence Erupts in Hong Kong

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News Headlines

Armed Gang Violence Erupts in Hong Kong

 Hong Kong has been left in shock after a night of violence on Sunday, which saw dozens of masked men storm a train station.

The men, dressed in white shirts and suspected to be triad gangsters, assaulted pro-democracy protesters, and passers-by in the Yuen Long area.

This is the first time this kind of violence has been seen in the ongoing anti-extradition demonstrations.

Several lawmakers questioned why police were slow to arrive at the scene.

Footage posted on social media showed dozens of men attacking people with wooden rods and metal sticks inside the station.

Forty-five people were injured, with one person in critical condition.

Lawmaker Lam Cheuk-ting said police had taken more than an hour to arrive.

Hong Kong has one of the world’s highest cop to population ratio,” said another pro-democracy lawmaker Ray Chan in a tweet. “Where were they?”

Police on Monday said they had not made any arrests but were still carrying out investigations.

 

 

Thousands of firefighters battle out of control fires in Portugal

Scores of people have been injured, as over a thousand firefighters battle horrific bushfires engulfing Portugal in the same region where blazes killed dozens just two years ago.

Locals in central Portugal have been forced to protect their homes from huge bushfires with buckets of water and hosepipes, as strong winds fanned fires that were closing in on villages.

Two of the three fires which broke out on Saturday in Castelo Branco, a district 225 kilometres northeast of Lisbon, are still burning.

Having spread to the nearby Santarem district, they are now threatening several villages in the Vila de Rei and Macao municipalities.

More than 1150 firefighters are on the ground, according to the National Authority for Civil Protection.

 

 

Man sits on a toilet for 116 hours to set a new Guinness record

A Belgian man spent 116 consecutive hours sitting on a toilet in a local bar in a bid to set a new Guinness World Record.

Jimmy De Frenne sat on the toilet, which was not hooked up to any plumbing, in the main room of a bar in Ostend.

De Frenne said Guinness does not yet have a record for longest time sitting on a toilet, but he was able to best an unofficial record of 100 hours.

The record-seeker’s goal had been 165 hours, but he said he was forced to stop at 116 hours when lack of sleep started to catch up with him.

De Frenne was allowed five-minute breaks every hour to stretch and use a real toilet.

Evidence from the attempt is now being submitted to Guinness for official recognition.

 

 

Now for the Markets and Business News

 

Asian Markets Fall as Rate Cut expectations are lowered, Oil prices rise, Bitcoin flat

Asia stocks fell on Monday as investors scaled back expectations of an aggressive Federal Reserve interest rate cut, while crude oil prices rose on heightened Middle East tensions following Iran’s seizure of a British tanker.

Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East Gulf, although gains were capped as Libya resumed output at its largest oil field.

Brent crude futures climbed 88 cents, or 1.4%, to $63.35 a barrel by 0706 GMT.

Bitcoin prices were flat as the market awaits new direction, the cryptocurrency market is due for a consolidation breather.

 

 

China’s new Nasdaq-style market begins trading

Trading on China’s new Nasdaq-style technology board began on Monday and got off to a solid start.

Most shares on the so-called Star market, operated by the Shanghai Stock Exchange, surged on debut.

Last year China said it would launch the technology-focused trading board, as it sought to build on Shanghai’s role as a global financial hub.

It marks a significant step in the country’s bid to open its economy and markets.

Some 25 companies began trading on the new tech board.

Semiconductor firm, Anji Microelectronics Technology, was among the best performers, with shares shooting up more than 400% in morning trading.

Zhangjiang Hangke Technology, which manufactures battery test equipment, jumped more than 120%.

The Shanghai Stock Exchange has said an index tracking the Star Market would be launched in the coming weeks.

 

 

Buffett to host “Crypto” Lunch

Justin Sun, the founder of Tron and winner of the annual auction for a lunch with renowned investor Warren Buffett, has invited more notable figures from the crypto industry to attend. 

Earlier today, July 21, Sun invited the founder and CEO of trading platform eToro, Yoni Assia, to the lunch with the chairman and CEO of Berkshire Hathaway via tweet.

Assia quickly responded saying, “Justin, it is my honor to join you for lunch with @WarrenBuffett. A big step for bridging between the traditional finance world and the new one!”

Yesterday, Sun invited the head of the Binance Charity Fund, Helen Hai. Hai reportedly responded within minutes and said the luncheon would be an opportune chance to discuss cryptocurrency and philanthropy.

 Binance Charity is the philanthropic arm of cryptocurrency exchange Binance. 

Earlier this week, Jeremy Allaire, the CEO of crypto payments firm Circle, accepted a tweeted invitation to the lunch. 

In mid-June, Litecoin creator Charlie Lee became the first guest Sun’s lunch with Buffett.

Other invitations are expected to follow ahead of the event, which will take place on July 25 at Quince, a three-Michelin-star restaurant in San Francisco. 

 

 

Facebook’s Libra Is Already more well known than Ethereum, Litecoin, And Ripple’s XRP, But Not Bitcoin

Bitcoin has been around for a little over a decade, while its biggest competitors ethereum, litecoin, and Ripple’s XRP have been knocking around for between seven and four years, but all except bitcoin are already being eclipsed by Facebook’s yet-to-launch libra cryptocurrency.

The bitcoin price has surged over recent months, as interest surrounding social media giant Facebook’s planned libra project reached fever-pitch, but has swung wildly as global regulators poured cold water on Facebook’s ambitions.

Now, a new survey has found there is “substantial” public interest in Facebook’s potential bitcoin rival, despite a lack of trust in the company, with people already more familiar with it than ethereum, litecoin and Ripple’s XRP.

New research, carried out by U.S. brokerage eToro, has found that while 58% of the U.S. adults have heard of bitcoin, the first and largest cryptocurrency, Facebook’s libra is already known by 16% of people, just a month after it was unveiled.

Ethereum, the second-largest cryptocurrency, has achieved only 12% recognition since it went live in July 2015, and it can be assumed that smaller cryptocurrencies lite coin and Ripple’s XRP are still less well known.

 

 

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