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From SARS to COVID-19: Hong Kong’s Path to an Asia Free Health Zone

Bitcoiner Leo Weese looks at how Hong Kong’s reaction to the novel coronavirus has reflects its history with SAR

The post From SARS to COVID-19: Hong Kong’s Path to an Asia Free Health Zone appeared first on Bitcoin Magazine.

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Bats are a known harbor to a large variety of viruses. Humans rarely interact with bats directly (they are not a common delicacy or pet in China), but other wild animals, such as civets and pangolins, do. Seventeen years before the outbreak of COVID-19, a coronavirus already made the jump to humans, likely starting with a farmer in Guangdong province in Southern China.

2013: SARS

In the case of SARS, it remained locally contained until a fishmonger from the Guangdong region was checked into a hospital in the province’s capital of Guangzhou on January 31, 2003. There, he infected 30 nurses and doctors.

Ten days later, China notified the WHO, but another ten days later, one of the infected doctors traveled to Hong Kong to attend a wedding ceremony. Within a day of his arrival, he felt sick and checked himself into a local hospital, where he died two weeks later.

Shortly after, other hotel guests checked themselves into hospitals in Vietnam, Canada and Singapore. Throughout March and April, SARS spread quickly in Hong Kong, infecting 1,700 people (80 percent of whom were infected directly or indirectly through the Guangzhou doctor), killing 300.

By May, Hong Kong’s number of newly infected cases dropped to the single digits, and by June the area was declared free of any infections. While some researchers infected themselves months later while handling the virus, the outbreak was declared contained in July 2003.

The SARS outbreak shaped Hong Kong forever. The two-week school closures remain vivid in the memory of all students; street markets were dramatically altered in its aftermath; bathrooms were remodelled and plumbing remade (over 300 people were infected in a single block of an apartment building as the virus spread through the pipes). Temperature scanners were installed at border crossings and fever clinics were set up, usually via a separate entrance to a hospital. Many employers, especially those servicing large numbers of customers, made masks available to employees.

2019: A New Virus

When Wuhan doctor Li Wenliang posted in a WeChat group for doctors on December 30, 2019, about SARS having returned, people in Hong Kong opened their ears wide and local media began reporting on it. When the Chinese CDC and the WHO declared in mid-January that there is no evidence this new virus could be transmitted from human to human, Hong Kong did not believe them. The local authorities confirmed their first case by January 23, 2020. On the same day, Wuhan was put under complete lockdown and the over 7 million people of Hong Kong knew the drill. They stocked up on masks, soap and hand sanitizer, cancelled their travel plans or returned from their trips to China. Blockchain meetups began to cancel their gatherings and venues closed their doors to talks and seminars.

Remembering the cover up by Chinese authorities around SARS in early 2003, residents  assumed the worst. They were convinced the virus was already among them and every returnee from China was a potential carrier. With its unusually long incubation time and the possibilities of asymptomatic carriers, the “Wuhan Pneumonia,” as it was then referred to in Chinese and Hong Kongese media, was taken seriously.

Having only recently unionized themselves in response to the 2019 Hong Kong protests, concerned doctors and hospital staff began to strike for border closures. While the government initially rebuked such demands as “discriminatory,” the pressure from losing 40 percent of their medical staff during an emergency became too high; major land and sea crossings were closed and all those arriving had to put themselves into 14-day mandatory quarantine.

Even without any official orders and while authorities at the WHO and China CDC were still playing down the threat, local restaurants and streets became deserted and events were cancelled. The feared epidemic, however, did not materialize. One month after the first case was reported, and as the first cases were officially recovered, only 73 cases were known, most of which had been imported from China.

Moving Toward Greater Surveillance

As the disease began to spread in Europe, Hong Kongers let their guard down. They reappeared in malls and restaurants, congregated under the unusually clear skies in Hong Kong’s country parks and returned to their desks. Europe seemed far away.

Another month later, by March 25, the number of total cases had increased to 350; over 60 percent of cases were recorded just in the past ten days. Throughout March, Hong Kong authorities began to significantly restrict International travel. First, only arrivals from Italy, Korea and Hokkaido were instructed to be quarantined, then arrivals from parts of France and Germany, then the entire Schengen area, then U.S., Ireland and the U.K., finally the entire world. 

As of now, non-residents are not allowed to enter or even transfer through Hong Kong airport. All ferry and cruise ship terminals have been shut. Those arriving from northern Italy are put into a supervised quarantine complex run by the government at a cost of about $25 per day, including board. They are not allowed to leave their room or receive visitors for 14 days.

Everyone else has to put themselves under quarantine at home or in a hotel. Other members of their household are advised not to leave their unit either. Those under quarantine have to wear a simple PVC armband, like the kind you receive at a festival or club. It is sealed and has a printed QR code.

The QR code contains a simple case number. It can be scanned using an app available on the Google Play and Apple App stores and connected to a phone number. It scans nearby Wi-Fi signals and uses their relative strength to determine if an individual has left their home. The “Stay Home Safe” app has been criticized for not working properly and is likely not very functional.

Most of the quarantined travellers are returning students and those who have been on short-term employment in Europe. Unlike in neighboring Taiwan, where those under a quarantine order are strictly surveilled and receive regular visits from the authorities. Hong Kong’s police are unable to follow up with everyone under quarantine. Instead, they are asking the public for help. Telegram channels exist where people can dox anyone violating their quarantine orders. A recently announced version of the wristband will connect to its holder’s smartphone via Bluetooth. If the connection is cut (for example, because the phone is left at home while the holder ventures out) the authorities are alerted.

Consequences of Isolation

Hong Kongers take SARS-CoV-2 seriously, and unlike authorities in Europe and America, the Hong Kong administration will work hard to completely eradicate the disease from the city, as it did during the SARS outbreak in 2003. They believe society cannot “coexist” with shutdowns for too long, and allowing COVID-19 to spread through society threatens modern civilization.

So far, chances seem good that the virus can be eradicated in the city without bringing the economy to a dangerous halt, with frequent temperature checks, voluntary self confinement at home, zero tolerance for leaving home while feeling unwell and facemasks for everyone. Other neighboring countries, such as Korea, Japan, Taiwan and Singapore seem to be on a similar trajectory.

More worrying for now remains the medium-term future. Will travel to Europe and the United States resume this year? With outbreaks so massive, lack of testing and no political will to entirely contain this, it seems unlikely Hong Kong authorities will want to risk a third or fourth wave of imported cases.

It’s entirely conceivable we will see an “Asia Free Health Zone,” a loose union of places that are COVID free, and have policies in places to keep it that way. Tourists and business travelers are able to freely move between these areas, while everyone outside is required to quarantine for 14 days. With testing becoming more reliable and available, maybe this period can be shortened to just five days, in which no daily test is allowed to return positive.

The disruptions of daily life have already far exceeded those of the traumatic SARS outbreak 17 years ago. School closures are scheduled to be six times longer and might be extended beyond that. Even when Hong Kong was hardest hit by SARS, flights remained scheduled.

Cryptocurrency conferences such as Blockchain Week, Token2047 and SPOT are cancelled throughout July, and there is significant uncertainty around whether they can be held in the fall or even in 2021. Hong Kong lives off its massive financial services, accounting and logistics industries. It relies on food and pharmaceutical imports and has close to no domestic industry of its own.

It has a highly skilled and young workforce, but political considerations have made it difficult in the past to reinvent the economy on a more sustainable path. While “virtual commodities” like bitcoin and ether remain unregulated and freely convertible, the cryptocurrency industry is straight-up unwelcome among the multinational banks and local regulators.

Being highly internationally connected, Hong Kong’s fate depends on the economies around it. The efforts to contain COVID-19 cannot be locally isolated but have to be internationally coordinated. Authorities have to produce reliable data and look beyond their own population when implementing policies. Given the rise of isolationist nationalism and tense cross-Pacific relations, all of this seems more difficult than ever.

This is an op ed contribution by Leo Weese. Opinions expressed are his own and do not necessarily reflect those of Bitcoin Magazine or BTC Inc.

The post From SARS to COVID-19: Hong Kong’s Path to an Asia Free Health Zone appeared first on Bitcoin Magazine.

Source: https://bitcoinmagazine.com/articles/from-sars-to-covid-19-hong-kongs-path-to-an-asia-free-health-zone?utm_source=rss&utm_medium=rss&utm_campaign=from-sars-to-covid-19-hong-kongs-path-to-an-asia-free-health-zone

Blockchain

SPELLFIRE: First NFT That You Can Actually Touch

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[PRESS RELEASE – Please Read Disclaimer]

Spellfire’s History in the NFT Landscape

Non-fungible tokens (NFTs) took the world by storm in recent months by rapidly expanding out of the score of the cryptocurrency space. Representing a valuable model of digital ownership allowing users and investors to make money garnered the attention of the crowd.

Similarly to physical features, like cash or money in banks accounts, users can employ the NFTs they bought with the help of digital assets, typically on the Ethereum blockchain. Somewhat expectedly, the possibility of speculating with prices drove enhanced volatility in the NFT markets as well. Despite this, though, the realm of non-fungible tokens remains as real as ever.

This provides opportunities for new projects, like the fantasy game Spellfire, which are willing and ready to take advantage and be the wind of change in that matter.

Spellfire – Unique Experience of Owning in-game Cards in Real Life

Spellfire is a fantasy game that presents players with unique experiences in the magical world consisting of lands like Bloodborn, Wet desserts, or The Holy Deadlands. Many users could dive into an ecosystem full of bewitchment that will probably remind you of your favorite fantasy movies or series.

Kings and witches, good guys and evil forces, wars and reasons: the project provides you with everything that a great fantasy game should have and sometimes even more. The digital version suggests hundreds of carefully and artistically designed game cards that represent different characters within several distinctive levels.

With these kinds of games, usually, everything stays in the digital world. However, this is not precisely the case with the current growth of NFTs. The team behind the “Spellfire” took a revolutionary road by presenting the ability to buy real world cards of the game.

The most loyal and engaged fans or people who maybe see the collecting benefits may buy game cards with NFT. Being the digital ledger in a certain way similar to cryptocurrency assets, each NFT is unique and in this instance, could represent real-life goods, like a game card.

You could have it at home, real as any other thing you buy with money, but in the digital world, one card could be highly valuable and simply make you money on its own.

Fighting Evil Monsters and Making Bank Never Been so Easy

If more users get engaged in the market by selling, buying, and reselling, prices go up and down rather rapidly. This enabled already involved users to make more money. In this instance, let’s say you bought “Spellfire’s” Arcana: Fire card which is interactive and upgradable.

After some time, you decide to sell it, you look at the market prices and activities and you follow the moment when prices peak the most: then it is time to sell – if, of course, you are able to catch that top. In this way, having real cards makes the whole experience way better and almost surreal. Players don’t only have part of the virtual world with them but could also see what is helping them make money.

Spellfire allows everyone involved to become a part of the revolution, which connects the past with the future. You own quite a common game card but in reality, you are involved in something surreal and futuristic.

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Source: https://cryptopotato.com/spellfire-first-nft-that-you-can-actually-touch/

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Indian government cautious about crypto-adoption, CBDC is a possibility

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Indian traders and exchanges might be bullish about the crypto market, but the Indian  government doesn’t seem keen on rushing into the scene. At least, not until studying its homegrown fintech industry and the anti-Bitcoin protests in El Salvador.

Tracking global news

Indian finance minister Nirmala Sitharaman in a recent interview with Hindustan Times explained why the country seemed to be falling behind when it came to crypto adoption.

Though she admitted, El Salvador wasn’t “the best example,” Sitharaman said,

“You’d think common people don’t care about digital currency; but the public took to the streets against the move. It’s not a question of literacy or understanding – it’s also a question of to what extent this is a transparent currency; is it going to be a currency available for everyone?”

Sitharaman referred to CBDCs as a “legitimate” cryptocurrency and admitted there could be a “possibility,” in hat regard. She noted that India held the “strength of the technology” and acknowledged the need to formulate a Cabinet note. However, Sitharaman wondered if India was ready to follow El Salvador’s way.

Facts on the ground

Though accessibility is a pressing concern, more Indians have discovered crypto than perhaps expected.

Nischal Shetty, CEO of the Indian crypto exchange WazirX – a subsidiary of Binance Holdings – has stated that WazirX sign-ups from India’s tier-two and tier-three cities overtook those from tier-one cities this year. Even so, sign-ups from tier-one cities themselves saw a 2,375% rise. Furthermore, WazirX added one million users in April 2021 alone.

Adding to this, the cost of electricity and Internet data in India are relatively cheaper, which could boost both crypto trading and mining in the future. However, at the last count, there was only one Bitcoin ATM in the whole country.

As per data by Useful Tulips, which combined data from Paxful and LocalBitcoins, India saw transfers worth around $4,502,369 in the last two weeks.

Could anti-Bitcoin protests happen in India?

There is evidence to support both sides. India has a strong history of mass protests, with the farmers’ protests against the government’s agricultural laws being one such example. The 2016 demonetization of part of the country’s paper currency still haunts many, and Internet penetration is yet to cross 50%.

However, India also has the largest diaspora in the world, with approximately 18 million people living outside the country. Crypto innovation could lead to hundreds of millions of dollars being saved on remittance charges as money is sent across borders.

But for the time being, it seems India’s urban residents are more bullish about crypto than its government.

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Source: https://ambcrypto.com/indian-government-cautious-about-crypto-adoption-cbdc-is-a-possibility

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A Deep Dive Into The Bitcoin Wallets Of U.S Congress Members, And Why Bitcoiners Are Strongly Against Them

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A Deep Dive Into The Bitcoin Wallets Of U.S Congress Members, And Why Bitcoiners Are Strongly Against Them

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Key takeaways

  • U.S. Congress’ split disposition towards cryptocurrencies raises concerns among market participants.
  • Bitcoin proponent, James Loop goes digging into the financial disclosures of Congress members.
  • His findings revealed only three Congress members have ever disclosed that they hold Bitcoin.

The United States is a key base for innovation and adoption in the cryptocurrency industry. According to data from Crunchbase, there are at least 1,135 organizations founded in the U.S. that provide various cryptocurrency-related services.

Despite the broad adoption of the asset class by the country’s citizens, the government is still divided on opinions about the growing cryptocurrency industry. This can be seen in the U.S. Congress where members of Congress are split between those who support and those who do not support Bitcoin, the most prominent cryptocurrency.

This polarised disposition of Congress has been a pain point for Bitcoiners. Bitcoin market participants have pointed out several issues that emanate from the fact that there are still members of Congress who have not shown themselves to fully understand Bitcoin.

The sentiment is that Congress members who do not fully understand the asset, having not used it, should not be responsible for making laws about it. Additionally, market participants also think it will be a conflict of interest if members of Congress who oppose Bitcoin are found to be holding Bitcoin or if those who support it do not own any. 

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Jameson Lopp, the co-founder, and chief technology officer of Casa – a leading provider of Bitcoin self custody solutions, has gone digging into the United States Senate Financial Disclosures portal. The investigation was carried out to identify Congress members who have declared holdings of cryptocurrencies, and Bitcoin in particular, in their portfolios. 

His findings paint a dismal picture as the majority of the members of Congress who have been vocal in supporting Bitcoin have not held the asset at all according to their financial disclosures for the year ending 2020.

According to his findings, only 3 Congress members have disclosed that they own Bitcoin. The now-retired Representative Bob Goodlatte of Virginia was the first Congressman to disclose the ownership of Bitcoin, doing so in 2017 even before laws were passed to make disclosure mandatory. According to his disclosure, he owned between $1,000 and $15,000 of Bitcoin at the time.

Among currently seated Congress members, only Senators Cynthia Lummis and Pat Toomey have reported Bitcoin holdings in their portfolios in 2020. Senator  Lummis reported owning $100,000 – $250,000 of bitcoin in 2020 making up between 0.6% and 2.75% of her net worth. Similarly, Senator Pat Toomey reported purchasing $1,001 – $15,000 of GBTC in June 2021. The GBTC investment is between 0.01% and 0.7% of his net worth.

The sleuth however concedes that he did not have the time and resources to go through the financial disclosures of all 535 congressional members. Nonetheless, it is telling that of the ones he checked, even members of caucuses in Congress that are affiliated to cryptocurrency and members that have drafted bills that will provide clarity for the industry do not hold Bitcoin or other cryptocurrencies as their financial disclosures show.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

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Source: https://zycrypto.com/a-deep-dive-into-the-bitcoin-wallets-of-u-s-congress-members-and-why-bitcoiners-are-strongly-against-them/

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