Chef Sai Fai’s Witness account of the police violence incident in Prince Edward station on 31 August

Original post on the Facebook group “Alliance of Chef”

//Getting off work tonight, I was on my way home. Unfortunately I boarded on a “train of massacre”. What happened next was gruesome and shook me to the core!

Countless passengers were beaten up and assaulted by police indiscriminately. Yet I foresee that many Blue-Ribbons would still believe in the blatant lies spread by the Hong Kong Police/Government/Pro-Beijing political bodies, putting all the blame on the protesters.//

👇👇Read on! A full version of the article in the follwing post👇👇

Source:
https://www.facebook.com/915894651774540/posts/2596839287013393?sfns=mo

To people around the world,

The Hong Kong Special Administration Region Government and the Hong Kong Police Force orchestrated a terrorist attack at about 2300 hours on citizens on Saturday, 31st August 2019. The incident took place in a railway station operated by the MTR Corporation Limited.

The attachment is an unedited video footage of the scene of three minutes and seven seconds in length, with a time stamp at 23:05. A large number of police officers equipped with helmets, shields and such weapons as truncheons, pepper sprays and guns emerged in one of the four platforms of Prince Edward Station. With no warnings signalled or identities of the citizens at the scene verified, they were charging at a speed inside the train compartment and on the platform, using violence on citizens and conducting arrests.

The police officers subdued unarmed citizens (0:22-0:40 and 1:40-1:46), threatened passengers (0:50-1:02), pointed a gun twice and a pepper spray towards the compartment (1:15 & 1:33 and 1:20 respectively), deployed two pepper sprays (1:45-1:52), truncheoned at the screen doors (1:50-1:54), flashed light at the camera (2:09), beat passengers with a truncheon (2:14-2:27), and deployed pepper spray on a small crowd of four (2:29).

No assault on any police officers were seen in this video. Meanwhile, the MTR Corporation Limited announced via broadcast the railway station in question would be closed in a short while and urged passengers to leave.

In this footage, police officers are seen using excessive force on citizens indiscriminately in an indoor area with no ongoing violent clashes and under no personal physical threat. The arrests of passengers leaving the train were conducted at an average ratio of 5 suited officers to 1 unarmed citizen, while any further force used on the already subdued arrestees were totally unnecessary. Police officers are also seen emotionally unstable when conducting operations, they were heard shouting “lie down!” repeatedly at an already lied down citizen and seen gesturing in a provocative manner (1:15-1:26). The use of firearms was also, once again after inexhaustible occasions, in breach of protocols where the deployment of the sorts within a short distance plus in an enclosed area (c.f. MTR train compartments: 22m L x 3.1m W x 3.8m H) can be extremely dangerous and lethal. It is also unjustified as not any needs of crowd control can be observed in this circumstance. Personal lives of the people involved, including but not limited to passengers of every age and gender, journalists, train staff, and the police officers, were endangered by the police. Mismanagement of the MTR Corporation Limited is also clearly documented in this footage which the safety of passengers, if not alone, then staff too, were completely ignored when the train doors kept open and shut without leaving the station in a way it was supposed to be.

Passengers were heard asking police officers to refrain from opening fire and stay calm, as well as seen shielding themselves helplessly only with umbrellas and clothes. They were unarmed and they posed no threat. At every confrontation between the citizens and the police recorded in this video, the ordinary folks were outnumbered by the officers with full protective gear and weapons. The passengers were crying in despair and begging for mercy in this life and death situation but the Hong Kong Police Force-and the Hong Kong government-turned a blind eye. They were left stranded when the people who were supposed to protect them hurt them. There were no medical assistance for people injured.

This is, we are in deep regret to say, a humanitarian crisis after so many humanitarian crises Hong Kong has been experiencing over the course of the past 80 days or so. The Hong Kong government is failed. The Hong Kong Police Force is corrupted.

Hong Kong, 31 August 2019

“It is an unfair game since the very beginning.”
— Hong Kong, 31 August 2019

On 31 August 2014, Beijing inserted political screening in the arrangement of Hong Kong’s Chief Executive election. At last, the Umbrella Movement was triggered off, calling for the authorities to implement genuine universal suffrage as promised in Hong Kong’s Basic Law.

Five years later, Hong Kong was caught in the midst of the anti-extradition law protests, calling for democracy. On 31 August 2019, the behavior of the Hong Kong Police Force has shocked the world by their indiscriminate attacks on civilians.

With all these happenings in the background, the following illustrated series will bring you to a lawless world where black and white could hardly be distinguished.

Let the game start.

#831policeattack #721whitecladattack

#democracyfrontline

Telegram’s Gram token could go live in October (after $1.7 billion ICO)

After months of anticipation, messaging app Telegram is inching closer to launching its Gram token. The “first batches” of the cryptocurrency are set to be delivered to investors ahead of the Oct. 31 deadline, according to a report from the New York Times.

Anonymous investors reveal Telegram actively working on Gram tokens

The amount of negative press initial coin offerings (ICOs) have been getting in the past year has forced many companies to forfeit or halt work on their own digital assets. Kik is knee-deep in a bloody legal war with the U.S. Securities and Exchange Commission (SEC) over the issuance of its ‘kin’ tokens and Facebook’s Libra took a massive blow from regulators. Currently, it’s fair to say that the environment is not favorable for new crypto projects.

However, despite the massive hurdles it’s up against, messaging giant Telegram will reportedly be pushing ahead with its plans to release the Gram token. Announced last year, the token has previously been sold through Telegram’s two-part ICO last year, bringing in more than $1.7 billion.

And now, a report from The New York Times indicated that another major listing will come sooner than expected. The report cited three anonymous investors “close to the matter” saying that the “first batches” of the Gram tokens would be delivered to investors ahead of the Oct. 31 deadline.

The sources also said that the app, which is used by around 300 million people around the world, is also planning to make Gram wallets available to two-thirds of its users. With such a large user base Telegram could make Gram the go-to cryptocurrency for international payments, well ahead of Libra.

Telegram’s native token still shrouded in mystery

But, for Gram to become a go-to means of payment, it has to jump over several obstacles—one of them being stiff competition. With Facebook’s Libra also in the works, taking on the preeminent social media giant won’t be an easy task.

Telegram’s lack of transparency and overall media silence will also be a tough issue to overcome. The company’s previous ICO, which raked in $1.7 billion, was only limited to accredited investors. Meanwhile, the small amounts of Gram circulating on the market didn’t get much attention from traders.

A third-party sale of Gram tokens that took place in July was also shrouded in mystery. The limited offering of the token took place on cryptocurrency exchange Liquid, which listed an unspecified number of tokens held by Gram Asia, a South Korea-based organization that holds a significant number of the tokens.

With its current lack of use-cases and investor skepticism, it’s hard to say if the scheduled listing will be a success. What is clear, though, is that Telegram will see the regulatory grip around Gram tighten as the October deadline approaches.

CME Bitcoin futures volume up 130% YTD indicating institutional attention

The Chicago Mercantile Exchange’s Bitcoin futures are setting new trading volume records. Averaging 7,237 contracts per day, the growth represents a 132 percent increase from the same period last year—clearly indicating growing institutional attention for BTC.

Exciting times for Bitcoin futures

Since mid-December 2018, Bitcoin entered a bull rally that took its price up more than 300 percent. From a low of $3,130 BTC nearly hit $14,000 on June 26. The break through $6,000 resistance in May was a pivotal time for the industry, and for the Chicago Mercantile Exchange (CME).

This month, interest has continued to grow from institutional investors. The CME had its most successful month yet for Bitcoin futures, according to, Tim McCourt, CME Group’s managing director in an interview with Forbes.

“[In May, Bitcoin futures were] trading an average of more than 13,600 contracts each day, equal to ~$515 million in notional value or 68K equivalent Bitcoin. On May 13, BTC traded a record single-day volume of 33,677 contracts (168K equivalent Bitcoin or $1.3B notional),” said McCourt.

The global head of equity index and alternative investment products at CME believes that “this is an exciting time for Bitcoin futures” and for the cryptocurrency industry as a whole.

“There is a lot of broad investor interest in cryptocurrency, as well as growing interest in a variety of applications for cryptocurrencies and blockchain technology. It will be interesting to see how this new market continues to grow and scale,” said McCourt.

Regardless of the direction of the market, the CME Group seems committed to continue providing crypto-related trading products as well as educational tools to its customers, allowing them to make better strategic decisions.

“It’s important to remember that CME Group is a neutral marketplace. Our role is to help Bitcoin market participants manage their risk, regardless of whether the underlying price goes up or down. We’re pleased with the growth of CME Group Bitcoin futures so far,” added McCourt.

CME’s impact on the Bitcoin markets

Although Tim McCourt did not comment on the impact that the expiration (settlement) of CME Bitcoin futures have on the cryptocurrency market, many analysts in the crypto community believe they tend to influence the price of Bitcoin. In fact, there are those, like Josh Olszewicz, who believe it was one of the main catalysts for the bear market that began in December 2017.

Olszewicz recently explained that there is a close correlation between the expiration dates on CME futures contracts and BTC’s price action.

Now, about 50 percent of the open interest for CME Bitcoin futures are set to expire by the end of the week, signaling a high period of volatility, according to one anonymous analyst.

Despite the probability for high volatility, the Coinist Podcast host Luke Martin explained that the “always dump before and always pump after” narrative is not always correct. In fact, returns have generally been negative leading into the expiration date and positive after it, but the last two expirations were not like that, added Martin.

Binance’s “regulatory-compliant” stablecoin Venus will learn from Libra’s mistakes

Binance said it will be learning from Facebook’s mistakes with Libra, taking an even “more conservative” approach with its stablecoin, Venus. Besides compliance, it differs from Libra in that it will primarily focus on partnering with governments in Asia.

Binance looking to take on Facebook with a regulatory-compliant stablecoin

With the eyes of the entire world pointed at Facebook, who has been struggling to get its cryptocurrency project Libra off the ground, the climate has never been worse for stablecoins and their issuers. Regulatory bodies around the world might disagree on how to police the relatively new industry, but they all seem to agree on one thing—it desperately needs policing.

When the world’s largest cryptocurrency exchange announced its own plans to launch a Libra competitor, the crypto community quickly shrugged off the news believing it had little to no chance of succeeding.

But Binance has been hard at work on Venus, its initiative to develop localized stablecoins across the globe. And, has seemingly decided to take on a much different approach than Facebook’s highly contested Libra.

Binance’s co-founder He Yi said that, unlike Libra, the company will focus on engaging with local regulators to help get the project going, according to an interview with Bloomberg.

“If we want to launch Venus in a country, we’ll make sure it complies with the regulations,” she said.

A more tightly-regulated Libra targeting Asian markets

He said that the company’s “more conservative” approach to Venus means that the project’s technological developments will be significantly downplayed. She explained that Binance will focus on partnering with governments and companies to make sure the localized stablecoins it issues are in line with each country’s financial regulations.

To distance itself more than Libra, Binance plans to only target non-Western markets with Venus. He told Bloomberg that the company’s main target will be China, calling Venus a “Belt and Road version of Libra,” referencing the One Belt, One Road initiative in the country. While Binance is yet to reveal a detailed expansion plan for Venus, He Yi’s statements indicated that the company plans on targeting areas that follow China’s ambitious infrastructure expansion initiative as well.

And while Binance’s Venus announcement in China called for governments to launch a regulatory sandbox that would monitor stablecoin issuance, there’s a slim chance it will help it reduce the administrative hurdles Libra has and will continue to face.

Hu Tao, the founder of Beijing-based crypto research platform TokenInsight, said that Binance’s attempts to present itself as ‘government-friendly’ won’t do much to help it gain regulatory approval.

“So far regulators around the world can’t gauge precisely the potential risks stable coins will bring to their financial systems, and that’s why they are very careful about Libra-like currencies,” he told Bloomberg.

And, considering that Binance is known forengaging in regulatory arbitrage and movingoperations to more lax jurisdictions, there are certainly questions around the exchange’s image among regulators.

Seeing how China has been pushing for the release of its own state-backed stablecoin and shutting down local cryptocurrency exchanges, it seems like Binance is up for a tough battle.

Hyperledger welcomes its first public blockchain—Ethereum

Hyperledger is officially integrating an open-source Ethereum client into its technology offering.

After vigorous debate, the Hyperledger technical steering committee decided—by unanimous vote—to induct PegaSys’ open-source Ethereum client “Pantheon.” In the coming weeks Pantheon will be renamed Hyperledger “Besu,” after the Japanese term for base or foundation.

“Blockchains are, after all, a base of data on which applications are built, and blockchains should serve modern IT architectures as a foundation of trust,” said PegaSys.

Patheon is an open-source Apache 2.0 licensed Ethereum client that is written in Java. It was designed to ensure that developers can easily deal with even the most complicated aspects of a distributed ledger, such as the consensus algorithm, networking, and storage.

After five years in the “wilderness of divergence” PegaSys is celebrating integration into the global consortium, said John Wolpert, global product executive at ConsenSys.

“We see this submission as a significant milestone for both open sourcecollaboration in the enterprise blockchain space and for the adoption of the Ethereummainnet for business use cases,” wrote PegaSys.

Hyperledger will allow the rebranded Ethereumclient to benefit from support and training for users, developer certifications, ease of integration with existing codebases, and additional access to heavy-hitting enterprise companies. Essentially, it will guarantee that the two open-source technologies can work together, blazing the way for greater adoption.

The admission of Besu marks a transition to a new phase of public blockchain integration with private blockchains, according to Brian Behlendorf, executive director at Hyperledger.

“Hyperledger’s first goal was just to prove the concept of enterprise blockchain, let’s get some stuff out there that can be deployed into production. And now that those bets are paying off, now that we see a lot of success, over time our mission has to evolve to support the hybrid models. How do we get more efficiency, rather than just being a team of rivals?”, said Behlendorf.