China Banking and Insurance Regulatory Commission defends Huarong’s financial status 0 (0)

The CBIRC says that Huarong’s operations are normal and liquidity is ample
If you’re wondering what the deal on Huarong is, you can check out my post yesterday . As mentioned then, Chinese authorities are surely not going to let Huarong default/collapse considering its stature, and the latest statement above reaffirms that.

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Bitcoin loses altitude after record high earlier in the week 0 (0)

Bitcoin slumps 4% in a drop back below $61,000
The anticipation ahead of Coinbase IPO provided an impetus for Bitcoin to push above $64,000 earlier in the week but the disappointing performance in Coinbase shares have provided little reason for investors to be cheerful in following through on the move.

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