/biz/ - Business & Finance

>>56543669

>>56543693
Fuck you get out my thread.

>>56543669
explain this to me like i'm retarded

>>56543728
>>56543693

>>56543693
This singular image totally derailed the other thread.

What does this mean bros? From what I understand the Chow Tai Fook family is a pretty big deal in china that holds companies in various sectors. They started in jewelry from what I can tell, and have dabbled in blockchain in the past but discontinued the service. How are Yucheng and CTF connected though? It seems like this could be a pretty big deal but the details are scarce right now. Supposedly there's some talk with Sergay going on in about 10 minutes but I don't know the details.

Chow Tai Fook:
https://en.wikipedia.org/wiki/Chow_Tai_Fook
Efforts in blockchain:
https://www.gia.edu/gia-news-research/chow-tai-fook-gia-blockchain-technology-initiative-set-to-go-companywide
Cancelling the service
https://www.gia.edu/discontinuing-blockchain-report

How does this relate to Yucheng Tech though? They appear to offer financial services to Chinese banks but preliminary research hasn't shown to what degree.
Yucheng:
https://www.bloomberg.com/profile/company/YTEC:US?embedded-checkout=true

>>56544873
>>56543693

>>56543693
Ni Hao, wealthy Chinaman!

WANG BOO HOW SHOE MA KNEE HOW MA KIDDO

Wow great I'm sure the price is pumping then

>>56544934
>>56543693

>>56544873
Serg talk info here:
https://www.fintechweek.hk/agenda?planningId=UGxhbm5pbmdfMTU3MzI2MA==

Looks like it isn't being streamed

Yesterday’s insider called this
A lot of accurate leaks lately.
Who’s the mole?

>>56544977
>>56543693

why am i not a bilzillionaire yet then

>>56544873
Yu cheng seems to be the name of the ctf founder

>According to the Hong Kong Monetary Authority's "Cyberport Dollar" pilot program, ARTA-Emali, a Hong Kong-listed company under Yu Shengkejin, has successfully developed a hypothetical digital Cyberport Dollar payment and investment solution. Investors can use the hypothetical digital Cyberport Dollar smart contract to make programmable payments and investments, and set specific investment periods and target returns on the smart contract. (Hong Kong Economic Times)

Your link in OP has been deleted
Reddit post about this is deleted
What's going on

>>56543669
>All products and services are still subject to regulatory approval.
So essentially we have to wait for the CCP to approve of CCIP?

>>56544977
Post thread

>>56545012
Arta

>>56545020
Someone else do it I’m going to bed. Goodnight. See ya in the AM if you’re here still

https://www.prnewswire.com/news-releases/wemade-partners-with-chainlink-labs-and-selects-chainlink-ccip-as-its-exclusive-interoperability-engine-for-unagix-301945309.html

https://cryptoslate.com/south-korean-gaming-titan-wemade-taps-chainlink-for-interoperable-web3-gaming-ecosystem/

https://en.wikipedia.org/wiki/WeMade_Entertainment

Is this why Koreans started pumping it

>>56545019
No, Hong Kong is a special administrative zone with a certain degree of autonomy regarding their financial system. It allows the CCP to test new innovations while keeping the mainland fairly insulated if things were to go wrong. CCIP is considered as an extension to the power of Hong Kong's private banks' ability to mint their own currency. Regulatory approval in this case would come from Hong Kong and not the CCP. The SIBOS talk with that HK guy goes a bit in depth with this.

>>56545063
If this all works out well enough for HK, mainland might jump on to dampen the collapse of their real estate market

>>56544873
>chink company selling fake diamonds is the new hopium
lol linkies

>>56545012
hmm

>>56544873
Chow Fook is also involved in real estate. I think others are overlooking this.
From my perspective this is what to take away from today. Tokenized real estate is absolutely coming.
I'd imagine borrowing against your tokenized real estate is also coming

>>56544961
>sir gay with based king leuong
big

>>56545503
>>56544873

chainlink will power everything

Thank you anons for the due diligence.

>>56543693
Ni hao wealthy chinaman! (I feel like this is a hazing ritual by the simulation, like a side mission that must be completed to get more in game credits)

>>56545503
>next bull will be driven by retards literally leveraging their houses

>>56543669
lmao fuddies tried to tell us that SWIFT is dead and link only cooperates with old models
now they are deep in the Chinese market


we can not stop winning

>>56546077
> 49th largest company in Hong Kong

>>56543669
The secret is out

>>56543693
reddit tier derailment post. If you engage with this then you're a reddit tier brainlet and need to go back.

>>56544977
>Who’s the mole?
The new head of marketing who finally understands what real world marketing looks like regarding financial products.

>>56543693
Ni Hao, wealthy Chinaman!

>>56546098
this is more adoption than 99.99% of cryptos will ever achieve.

Ni Hao, wealthy Chinaman!

>>56546098
officially
look them up, they have their connections everywhere in China

>>56546181
Pajeet copium.

> "But yes im fact of course sir they are 49th most large company in hong kong but they control hong kong behind scenes muchly and will make chainlink official currency of china"

>>56546196
This fud doesn't even make any sense. Just stop man please its shitting up the board

>>56546196
nice cope
the general consensus was that link had no ties to non-Western markets
but here you have the proof

>>56546196
> "but they control hong kong behind scenes muchly and will make chainlink official currency of china"
but we already had the BSN announcement that they would be working with chainlink
3 years ago
https://www.prnewswire.com/news-releases/bsn-integrates-chainlink-oracles-bringing-real-world-data-into-its-irita-powered-network-301081572.html
but i guess you only found out about biz + link in 2021 because you're a retarded ESL nigger nufudder, so of course you missed out on that

>>56544873
Imagine the absolute state of the market when I’m not excited over such a huge announcement anymore.

>>56546098
This is really impressive but it’s not even the biggest deal. What is meaningful here is they control all the bank tech in China.

>>56545679
Unironically. Crypto seems to be going through the centralized finance sector just at an accelerated rate, its kinda funny to watch.

But OP here, I really have no clue about this news. Just saw it was posted then derailed and wanted to see if any other anons had any opinions. Not to fud but to give a neutral stance, I did google yucheung international and it said in 2017 it was supposedly a ponzi. so idk

>>56548161
they can't comprehend that there are still biz anons holding stacks with cost basis of .18-.30c per token

>>56543693

Ni Hao, wealthy Chinaman!

>>56543693
Ni Hao, Wealthy Chinaman!

>>56543669
I am not "retarded", sir, I am mentally-challenged.

>>56543693
Ni hao, rel tee chinamen.

>>56548459
I'm one of them

>>56545105
>decentralized computing platform
OH NO ITS OVER FOR RLC HOLDERS

DIGITAL DOG SHIT

>>56543693
Ni Hao wealthy Chinaman!

>>56547452
anon, we are at the stage where anons who have been bag holding since 2017 starting to expect results instead of more POC's

>>56549689
No shit though this is why I dumped my RLC bags that I held for years. Eventually dawned on me that niggas could just use Chainlink for this and so much more.

>>56549833
>huuurrrrr we're expecting huge results
You mean like the ones ETH, XRP, ADA, etc. have been having?

>>56549926
what even is this argument?

>>56549938
If Link needs actual results to pump, then explain the fact that all that literal trash is ranked higher than Link when they have even less results.

>>56549950
Manipulation

>>56545503
>Tokenized real estate is absolutely coming.
why. How does making my house a shitcoin do anything that traditional finance can't do with my house

>>56550607
>why is it coming
because people can make money from the savings and increased liquidity that it will allow
>How does making my house a shitcoin do anything that traditional finance can't do with my house
it's won't make any difference to you because you're too retarded to enjoy the benefits it brings to markets

>>56549950
trash pumps because gambling addicts like fliping crypto. Link included.
anon what wrong with wanting to see results from your investment?

>>56550724
>because people can make money from the savings and increased liquidity that it will allow
when you are trying to shill something dont make it sound like you read from the sales brochure

>>56543669
CCIP is a CCP front project, wow, i never knew this, you're telling me now for the first time

>>56550579
Yep. There's no question someone is manipulating the fuck out of link, could even be swift and its member banks given their tendencies

>>56550730
>anon what wrong with wanting to see results from your investment?
What's wrong with good old speculation?