Trump bans eight Chinese payment apps

Donald Trump stands in front of a lectern. The US flag can be seen behind it.

US President Donald Trump has banned eight Chinese payment service providers in the US by decree. Including AliPay and WeChat Pay.

It is the latest attack in the raging trade war between the two economic powers

Donald Trump is in the final days of his presidency. The outgoing US president is now using one of his last official acts to ban several Chinese payment apps in the USA. To this end, Trump signed a decree on January 5th, which was posted on the White House homepageis visible. According to this, the American head of state bans the financial applications of several Chinese companies, including Alipay, the online trading platform Alibaba and WeChat Pay from the Internet company Tencent. CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, and WPS Office are also affected. It is one of the final blows between the Trump administration and China.

The decree enters into force 45 days after its adoption. Consumers are then no longer allowed to conduct business using the payment apps. Transactions that would circumvent the ban are also prohibited. As a justification, the current president cites data protection reasons that concern “national security”. He feared that the Beijing government would misuse Americans’ personal data for espionage purposes. The information obtained from the data could, for example, allow China to create dossiers from federal officials. It is a matter of “national security”, said Trump. In addition, these apps threatened:

In addition, the president had instructed his trade minister to keep an eye out for other Chinese companies that pose a threat to national security.

Trump’s fight against China goes into the next round

At the beginning of August last year, Donald Trump announced plans to ban the popular Chinese video platform TikTok. At that time he accused the company ByteDance, which is behind TikTok, of also transferring data from US citizens to the Chinese government. As a result, software giant Microsoft was urged by the US government to negotiate a deal with ByteDance to take over the US business. In December, Trump suffered a major setback after a US court ruled that the president’s move was “not legally covered”.

Specifically, Trump relied on a law of 1977 that grants the US president broad emergency powers in the event of extraordinary dangers from abroad. However, the import and export of information or information material as well as personal communication should not be restricted. According to the judge, TikTok clearly falls into this category. He therefore granted the interim injunction against the operating ban requested by Tiktok.

With the current bans, however, the White House could be more successful, as in the current case the circumcision of information and the restriction of freedom of speech are less likely to be the case.

Bitcoin keert terug boven $ 28K, Altcoins sturen bullish signalen

Bitcoin-prijs verlengde zijn stijging tot boven $ 27.500 en $ 28.000.

Ethereum heeft de weerstandsregio van $ 745 opnieuw getest, XRP kon $ 0,250 niet overtreffen.

DOT bleef in een sterke uptrend en steeg zelfs boven het niveau van $ 7,00

Na een kleine daling begon de bitcoin-prijs opnieuw te stijgen boven de niveaus van $ 26.500 en $ 27.000. Wat nog belangrijker is, BTC brak het weerstandsniveau van $ 27.250. De prijs piekte zelfs boven $ 28.200 en het consolideert momenteel (05:00 UTC) winsten.

Evenzo waren er positieve bewegingen in de meeste grote altcoins. ETH / USD handelde boven de weerstand van $ 735, maar had opnieuw moeite om de weerstandszone van $ 745 te zuiveren. XRP / USD voltooide een opwaartse correctie in de buurt van $ 0,250 en daalde tot $ 0,195.

Totale marktkapitalisatie

Er was een gestage stijging van de bitcoin-prijs boven de weerstandsniveaus van $ 27.000 en $ 27.250. BTC klom zelfs boven het niveau van $ 27.800 en piekte boven de zone van $ 28.000. Er was echter geen opwaartse voortzetting boven $ 28.250 en de prijs corrigeerde een paar punten lager.

Aan de andere kant ligt een eerste ondersteuning in de buurt van het niveau van $ 27.800. De eerste belangrijke ondersteuning bevindt zich in de buurt van het niveau van $ 27.500. De belangrijkste ondersteuning vormt zich nu in de buurt van $ 27.250 (de recente breakout-zone).

Ethereum prijs

Ethereum-prijs volgde ook bitcoin en klom boven de weerstandsniveaus van $ 720 en $ 730. ETH brak zelfs $ 740, maar het worstelde om hoger te blijven dan de belangrijkste weerstand van $ 745. Het corrigeerde lager onder $ 740, maar er zijn veel ondersteuningen aan de onderkant.

Een eerste steun aan de onderkant wordt gezien in de buurt van het niveau van $ 725. De belangrijkste uitvalondersteuning zou op korte termijn $ 720 kunnen zijn, waaronder de prijs de ondersteuningszone van $ 700 opnieuw zou kunnen bezoeken.

Bitcoin cash, litecoin en XRP-prijs

Bitcoin Cash-prijs is meer dan 5% gestegen en heeft de niveaus van $ 340 en $ 350 gewist. BCH handelt nu boven het niveau van $ 350. Het lijkt erop dat de bulls streven naar een nieuwe test van het niveau van $ 365. Nog meer winsten zouden het tempo kunnen bepalen voor een duw naar het weerstandsniveau van $ 380 op korte termijn.

Litecoin (LTC) consolideert zich boven de niveaus van $ 122 en $ 125. Een onmiddellijke weerstand ligt in de buurt van het niveau van $ 132. De eerste belangrijke weerstand ligt in de buurt van het niveau van $ 135. Een duidelijke doorbraak boven het niveau van $ 135 kan mogelijk de deuren openen voor een gestage stijging naar het niveau van $ 142.

XRP-prijsscherp hoger gecorrigeerd boven $ 0,220 en $ 0,232. Het kreeg echter geen momentum boven $ 0,250 en begon aan een nieuwe daling. Het trimde de meeste van zijn winsten en handelde onder $ 0,210 en $ 0,200 ondersteuningsniveaus. Het lijkt erop dat de prijs zou kunnen blijven dalen naar de ondersteuningszone van $ 0,180.

Bitcoin: Retail mod hvalhandlere, og hvem tjente mest på?

Bitcoins sidste 2 kvartaler i 2020 har været ret ustabile. Snarere har det været tilfældet det meste af 2020. Faktisk havde hvert kvartal noget vigtigt som det pandemisk-inducerede nedbrud i 1. kvartal, det V-formede opsving i 2. kvartal, det institutionelle køb i 3. kvartal, efterfulgt af den hurtige priseksplosion i 4. kvartal.

Mens institutioner har og fortsætter med at erhverve tunge BTC-poser inden tyren, er det indlysende, at Bitcoin er klar til at udføre

Lad os dog se på, hvordan markedets hvaler, institutioner, detailhandlere og professionelle handlende klarede sig i løbet af de sidste 4 måneder.

Ifølge en rapport fra OKEx blev der observeret en klar tendens i de sidste 4 måneder, hvor retail var mere bullish på kort sigt end institutionel, omend sidstnævnte var langsigtet bullish.

Sammenfattende købte detailhandel i FOMO, mens hvaler ikke gjorde det. OKEx opsummerede det ved at sige,

”Det ser ud til, at detailhandlere har forfulgt Bitcoins prisrally … mens professionelle forhandlere også sluttede sig til rallyet senere, synes store handlende (og muligvis hvaler) at have taget fortjeneste. mod salg. ”

Til dette formål klassificerede OKExs rapport handlende mellem 0-0,5 BTC som detailhandel, 0,5 til 2 BTC som professionelle handlende, 2-5 og 5-10 BTC-handlende som hvaler og 10 + BTC-indehavere institutionelle. Det skal dog bemærkes, at 2-5 BTC- og 10 + BTC-indehavere inkluderer overlappende hvaler og institutioner.

Metrics

Det kan ses, at detailhandlere købte BTC, der jagter sin pris fra september til november, mens professionelle forhandlere fulgte en lignende tendens. Hvaler solgte dog deres beholdning eller tog overskud.

Institutioner, der har BTC på lang sigt, syntes neutrale i september, men tog overskud, da Bitcoin ramte sin ATH mod slutningen af ​​november.

En lignende tendens kan ses i den sidste uge i november, en tid, hvor detailkøb købte BTC, mens hvaler og institutioner tog overskud.

For at opsummere alt dette klart skal detailhandlen tage et hit, da Bitcoin nu er langt under sine højdepunkter fra et par uger siden. Institutioner og hvaler vil dog købe flere Bitcoins, da kryptokurrencyens pris fortsætter med at falde.

Influência das Minas de Oligarcas Ucranianas Bitcoin na Fábrica dos EUA

O mais rico e mais controverso dos oligarcas da Ucrânia, Igor Kolomoisky, é relatado que está usando uma fábrica pertencente à CC Metals & Alloys (CCMA), sediada no Kentucky, para extrair Bitcoin usando eletricidade barata, enquanto a fábrica fechou tudo, menos o equipamento de mineração.

O equipamento mineiro funciona, enquanto a fábrica congelou a produção

A CC Metals & Alloys tem uma história de 70 anos de operações. Em julho deste ano, a fábrica foi fechada e os trabalhadores enviaram para casa – alguns dos quais estavam em situação de incêndio – devido aos despedimentos causados pela pandemia.

Entretanto, enquanto as pessoas planejavam voltar ao trabalho, foi-lhes dito de repente que, até dezembro, o resto do pessoal seria demitido. A única coisa que ainda está funcionando nos edifícios da empresa é o equipamento de mineração Bitcoin.

A fábrica pertence ao oligarca ucraniano Igor Kolomoisky e seu parceiro de negócios, Gennadiy Bogolyubov, bilionário e homem de negócios.

Recentemente, a fábrica aventurou-se em cadeia de blocos e inteligência artificial a fim de diversificar seus lucros. Um terceiro foi escolhido para instalar o equipamento informático necessário na fábrica.

Recentemente, um trabalhador, cujo nome permanece por revelar, declarou que o equipamento de mineração é o único equipamento que trabalha na fábrica, enquanto suas principais instalações de produção estão fechadas.

Eletricidade de baixo custo para a mineração

Os operadores de mineração Crypto estão utilizando a eletricidade de baixo custo disponível no estado do Kentucky, perto do rio Tennessee; essa não é a única fábrica de mineração da região.

É improvável que a fábrica seja relançada como um produtor de metal devido à pressão legislativa das autoridades americanas sobre Kolomoisky e Bogolyubov.

Os oligarcas são acusados de pegar bilhões de dólares do maior banco da Ucrânia, Privat, que eles possuem, e investir esses fundos em usinas de ferro e aço americanas e outros ativos, incluindo bens imobiliários.

Ex-sócio comercial do atual presidente da Ucrânia

O atual presidente da Ucrânia, Volodymir Zelenskiy, costumava trabalhar com Kolomoisky no popular canal de TV 1+1 baseado em Kyiv, onde Zelenskiy era produtor de filmes de comédia e programas de standup.

PayPal’s shares have gone up 17% since they allowed Bitcoin purchases

The online payment platform launched the crypto-currency trade for U.S. customers on November 12.

PayPal shares reached record highs on Monday, culminating a strong period of outperformance relative to the Nasdaq and the US stock market in general.

Bnext partners with Onyze to offer crypto custody service

Since November 12, the Nasdaq’s focus on technology has gained about 6.5%. The large-cap S&P 500 index rose 3.5% during the same period.
3-month PayPal stock performance by barchart.com

Although PayPal’s foray into the crypto world is not the only catalyst behind its superior performance, the commercial processor is well positioned to capitalize on the growing adoption of digital assets. Some analysts have even speculated that a higher price for Bitcoin (BTC) could have a positive effect on PayPal’s prospects.

Did Bitcoin just score a floor? BTC claims the $19,000 level as the new rally gains momentum

There’s also evidence that the payment processor may be positively influencing the price of Bitcoin. Recent industry data suggests that PayPal may have collected up to 70% of newly mined BTC in the weeks prior to the launch of its crypto-currency platform in the US.

Although estimates vary, a 2019 survey of 5,000 people stated that 6.2% of Americans over the age of 18 own Bitcoin. The survey said an additional 7.3% plan to buy BTC for the first time.

He publicly retracted that! Reputable people who reconciled with cryptosystems in 2020

If these numbers are to be believed, crypto-currencies could have a positive impact on PayPal’s business as more people gravitate to the easy-access ramps. Case in point: Square’s Cash App has experienced an increase in revenue since it allowed Bitcoin purchases. In fact, nearly 80% of the Q3 revenue from Cash App was derived from commissions charged to Bitcoin buyers.

PayPal Holdings (PYPL) shares have gained a whopping 17% since Nov. 12, the day the online trader launched its crypto currency trading platform for eligible US customers.

Bitcoin shortage is a reality and PayPal is the cause, says Pantera Capital

PayPal plans to launch its crypto-currency services globally in early 2021. CEO Dan Shulman said it’s only a matter of time before his company begins supporting central bank digital currencies, or CBDCs, when they become available.

Chainalysis: New investment round brings valuation to USD 1,000,000,000

With the analysis company Chainalysis, things continue to improve. Not only public authorities but the whole industry could benefit from this.

The expertise of the block-chain analysis company Chainalysis has long since become known to regulatory and law enforcement agencies. Chainalysis has already taken action against the supposed anonymity of Privacy Coins. The company has specialised in recording and closely examining block chain transactions. The results of the investigation are then passed on to governmental and regulatory authorities and financial institutions in 40 countries. The fight against crime is one of Chainalysis’ objectives, although not the only one. A recent study has also revealed that some 3.7 million BTC are lost forever.

Some black sheep in the crypto industry will therefore register with some uneasiness that Chainalysis was recently able to land 100 million dollars in a Series C financing round. This brings the value of the company to one billion US dollars. In the middle of this year, a Series B financing round of Chainalysis had already been extremely successful.

By cooperating with government agencies, Chainalysis does not only want to support the work against criminals. Rather, it also wants to dispel the prejudice that crypto-currencies are mainly used in semi-silent business. A healthy growth of the crypto sector requires knowledge of it among regulators, according to the philosophy of the company, which was founded six years ago.

Chainalysis could soon make an acquisition

Understandably, Michael Gronager, co-founder and CEO of Chainalysis, expressed great enthusiasm following the conclusion of the investment round. He noted that the funds will contribute to the expansion of the company’s business. Ultimately, the investors will also benefit. The lion’s share of the $100 million most recently raised is from addition. This is an investment company founded by former Tiger Global Management investor Lee Fixel. Other former investors also joined, including Accel, Benchmark and Ribbit.

According to media reports, as part of the investment Chainalysis plans to almost double its workforce over the next year. Among others, international politics, sales and marketing and research and development will receive more staff. Chainalysis currently employs around 200 people. Gronager indicated to Forbes magazine that the new capital might also be used to take over another company. This would strengthen the already strong market position of Chainalysis. For the crypto-sector, the consequences could be positive. There is no denying that the number of institutional investors in Bitcoin has never been higher than at present.

Hackers strike again at judicial system and TSE says it expects ‘further leaks’ on election Sunday

Brazil continues to suffer at the hands of hackers, who attack public entities with ransomware and ask for ransoms in cryptomedas.

Hackers return to attack judicial system and TSE says it expects ‘new leaks’ on Election SundayNOTÍCIAS

Brazilian justice has suffered another hacker attack this week. After the Superior Court of Justice, the Superior Electoral Court and the Justice of Santa Catarina, it was the turn of the Regional Court of the First Region (TRF-1) to suffer an attack this Friday on its website.

Serpro reveals that the Brazilian government has suffered 2,300 hacker attacks per second in the last 15 days
The hackers posted an image forming the face of a “devil” to commemorate the attack and leaked data from processes on the Deep Web, as reported by Fausto Macedo’s Blog of Estadão. The TRF-1 advisory says the database is in “maintenance to analyze a possible security breach”.

The invaders also posted messages on the Deep Web celebrating the “data capture,” saying they proved the “vulnerability” of Brazilian justice, invading a court that gathers cases from 13 states and the Federal District.

The court’s advisors declared, however, that despite the attack the posted material “was already in the public domain:

“The Court’s team is evaluating now, but at first there was only a disclosure of material that was already in the public domain”.

TSE says it expects further leaks in the 2nd round of elections
After suffering from hacking on Sunday of the first round of municipal elections in Brazil, the Supreme Electoral Court, which saw data from public servants leaked as a result of the attack, says it is “waiting for more leaks” this Sunday, when the second round of the current plea will be voted.

GSI limits server access to systems to try to ‘shield’ government from hacker attacks
TSE technicians told Folha that they expect new administrative information from the court, obtained by hackers “over the year”, to be leaked on Sunday.

The Public Prosecutor’s Office and the Federal Court are investigating an orchestrated lawsuit, supposedly involving hackers and scholarship holders like blogger Oswaldo Eustaquio, who is under house arrest, to discredit the Brazilian electoral system.

The electronic ballot boxes, however, as the TSE has stated more than once, are not connected to any network, making hacker attacks with electoral objectives practically impossible in the country. To circumvent the elections, it would be necessary to physically access all the ballot boxes used in the electoral process.

Hacking has not only affected justice, but also other state entities, including the federal government. Most attacks install a ransomware to block the systems and ask for ransom payment in Bitcoin or privacy currencies like Monero.

Hacker gang announces end to activities, but experts warn of new groups
At the beginning of this month, the systems of the Ministry of Health were also attacked, which affected the consolidation of the number of cases and victims of coronavirus in Brazil.

According to experts, the country is not prepared to deal with the attacks, although the government and members of the judiciary and legislature have formed a “crisis committee” to combat hackers.

As reported by Cointelegraph Brasil, Brazil has become a global hub for hackers this year, with criminals commanding attacks throughout Latin America and Europe.

Bitcoin sfugge alla vendita dopo l’approvazione di Druckenmiller

Un colpo di stato ribassista del mercato Bitcoin questo lunedì ha incontrato una forte difesa rialzista influenzata da un investitore miliardario.

L’ammiraglia della crittovaluta ha rimbalzato modestamente dopo un tentativo di svendita che ha fatto crollare il prezzo da 15.856 dollari a 14.817 dollari. Entrando nelle ore asiatiche della sessione di trading del martedì, BTC/USD ha recuperato una parte delle sue perdite stabilendo un massimo intraday vicino ai 15.459 dollari.

Discorsi sulle balene

La coppia ha immediatamente ripercorso il trend negativo a breve termine dopo che Stanley Druckenmiller, CEO del Family Office di Duquesne, ha elogiato BitQT durante la sua intervista a “The Exchange” della CNBC. Si è riferito alla criptovaluta come a un bene di valore con molto appeal tra i Millennials.

“È in giro da 13 anni [correzione: 12], e ogni giorno che passa, si stabilizza sempre di più”, ha aggiunto Druckenmiller.

La sua dichiarazione è arrivata quando il Bitcoin era più basso. La criptovaluta è precipitata lunedì dopo il successo della sperimentazione del vaccino COVID-19 di Pfizer ha fatto rivivere le speranze di una concreta ripresa economica globale. Questo ha permesso agli investitori di ripensare la necessità di ulteriori pacchetti di stimolo, quindi problemi di ortografia per gli asset anti-inflazione.
Bitcoin, criptovaluta, BTCUSD, BTCUSDT

Ma il signor Druckenmiller ha mostrato una tendenza rialzista a lungo termine per i porti sicuri come l’oro e il Bitcoin. L’investitore miliardario ha ammesso alla CNBC che ora possiede alcune unità di criptovaluta, aggiungendo che crede che la sua scommessa sul giovane bene “funzionerà meglio” della sua scommessa sul suo tradizionale oro rivale.

“Il Bitcoin è più illiquido e ha molta più beta”, ha dichiarato il signor Druckenmiller.

Toro Trend Ahead

Ignorando la prospettiva del vaccino COVID-19, Druckenmiller ha notato che le banche centrali globali hanno già creato un terreno fertile per il prossimo rally dei prezzi della Bitcoin attraverso le sue massicce misure di stimolo. Ha aggiunto che, a causa delle politiche espansive della Federal Reserve statunitense, l’inflazione potrebbe aumentare nei prossimi 5-6 anni.

Terrà gli investitori incollati ad attività di copertura come Bitcoin e Gold.

Jerome Powell, il presidente della Federal Reserve, ha detto giovedì della scorsa settimana che il suo ufficio manterrà i tassi d’interesse vicino allo zero mentre comprerà il debito pubblico a tempo indeterminato.

Finora, la sua politica per affrontare le turbolenze economiche della pandemia ha portato i Tesori di lunga data in un territorio a rendimento negativo (un record di 17,03 trilioni di dollari, secondo Bloomberg). La sua capacità di generare rendimenti negativi ha spostato il capitale degli investitori dal mercato del debito a quello più rischioso.

Questa migrazione di denaro ha aiutato Bitcoin a guadagnare il 100 per cento di YTD nel 2020. La mossa ha anche beneficiato i titoli (anche quelli con una scarsa e poco chiara guida in avanti) e l’oro.

“Finché Bitcoin rimarrà al di sopra dei 14.000 dollari e Ethereum al di sopra dei 400 dollari, queste valute crittografiche continueranno probabilmente a crescere”, ha detto a Bitcoinist Konstantin Anissimov, Direttore Esecutivo di CEX.IO, in una dichiarazione via email.

“In caso contrario, si potrebbe innescare un periodo correttivo in cui BTC potrebbe risalire a 12.000 dollari e ETH a 320 dollari. Indipendentemente da ciò, le prospettive generali attualmente favoriscono i tori”, ha aggiunto.

Bitcoin Cash Hard Fork: ce que vous devez savoir

Bitcoin Cash est prêt pour une mise à niveau du réseau ce mois-ci. Voici ce que la mise à niveau implique et ce que cela signifie pour la communauté crypto.

Bitcoin Cash est prêt pour une mise à niveau du réseau le 15 novembre 2020.

Une version BCHN de la mise à niveau comprend un nouveau système d’exploitation minière sans controverse

L’équipe de développement Bitcoin ABC a proposé une mise à niveau alternative qui redirige également 8% des récompenses minières.

La blockchain Bitcoin Evolution est sur le point de subir une mise à niveau du réseau litigieuse ce mois-ci, qui pourrait diviser la pièce en deux – et pas pour la première fois .

La mise à niveau proposée, au moins pour la version BCHN, introduit un nouvel algorithme de minage et est largement acceptée. Pourtant, les partisans de la pièce, qui se classe au cinquième rang mondial, ont été surpris lorsque l’équipe de développeurs Bitcoin ABC a proposé une mise à niveau alternative qui ajoutait un élément supplémentaire qui détournerait 8% des récompenses du bloc des mineurs de Bitcoin Cash.

Adhérer maintenant

La proposition de l’équipe ABC, appelée «Bitcoin ABC», mettrait l’argent entre les mains de sa propre équipe de développement. L’idée n’est pas nouvelle; la pièce de confidentialité Zcash dispose d’ un fonds similaire depuis de nombreuses années. Cependant, les membres de la communauté Bitcoin Cash ont vu cela comme une saisie d’argent et ont estimé que cela allait à l’encontre de l’éthique décentralisée de la pièce.

«Détourner une partie de la récompense de bloc #BitcoinCash pour payer une seule équipe de développement est le rêve d’un planificateur central de style soviétique devenu réalité. Veuillez arrêter », a déclaré Ver, dans un tweet en août.

Simple Ledger Protocol, un protocole qui permet l’émission de jetons sécurisés sur la blockchain Bitcoin Cash, a chanté une chanson similaire. «Nous ne considérons pas un protocole qui redirige les récompenses coinbase, comme Bitcoin Cash (BCH), surtout lorsqu’une telle règle a été annoncée unilatéralement», a déclaré un porte-parole du protocole, dans un article de blog .

La mise à niveau du réseau est prévue pour le 15 novembre et le scénario le plus probable est que la majorité des mineurs prendront en charge la version BCHN, par opposition à la version de l’équipe ABC, la version ABC devenant une chaîne minoritaire. Il s’agit d’un concept connu sous le nom de «fractionnement» lorsqu’une mise à niveau de la blockchain s’avère source de division et que la blockchain devient deux chaînes distinctes, chacune avec sa propre valeur.

Singapur enthüllt verschrotteten Plan für Pulau Sejahat Casino

Die Medien in Singapur berichteten, dass der Bau eines Kasinokomplexes auf der kleinen Insel Pulau Sejahat in unmittelbarer Nähe des Gebiets Changi, in dem sich der Flughafen Singapur Changi befindet, vom örtlichen Tourismusförderungsausschuss vorgeschlagen worden war, lange bevor die lokale Regierung die Einrichtung des zwei integrierte Resorts.

Neben dem Casino sollte der vorgeschlagene Komplex auch eine Windhund-Rennstrecke, ein Luxushotel sowie verführerische Annehmlichkeiten wie ein Türkisches Bad und eine Reihe von Massageeinrichtungen bieten

Der erste Premierminister Singapurs, Lee Kuan Yew, hatte den lokalen Medien von dem attraktiven Vorschlag erzählt. Er hatte jedoch darauf hingewiesen, dass das Videoslots Casino , wenn es eingerichtet worden wäre, für ausländische Besucher aus dem asiatisch-pazifischen Raum sowie aus dem Rest der Welt gedacht gewesen wäre , und nicht so sehr für Singapurer. Der Beamte hatte behauptet, dass ein Veranstaltungsort dieser Art negative Auswirkungen auf die lokale Gemeinschaft gehabt haben könnte. Premierminister Lee Kuan Yew übernahm seine Position von 1959 bis 1990.

Kenneth Michael Byrne, der während der Amtszeit von Premierminister Lee Kuan Yew zum Vorsitzenden des Tourist Promotion Board ernannt worden war, hatte erklärt, dass Beamte aus Singapur daran interessiert gewesen seien, dieses Gebiet zu einem unbewohnten Hotel- und Kasinokomplex zu entwickeln . Somit hätten die Besucher niemanden gestört, wenn sie dorthin gegangen wären, um zu spielen.

Darüber hinaus wäre es einfach gewesen, das Gebiet zu kontrollieren, da es besonders klein war

Der ursprüngliche Plan sah den Bau eines 20-Millionen-Dollar-Veranstaltungsortes auf der Insel Pulau Sejahat vor , die früher ein britischer Hafen gewesen war. Der Komplex sollte sich über 1,6 Hektar Land erstrecken. Das Projekt wurde jedoch als die Insel bezeichnet, die nur 1 Hektar Land einnahm und für einen so ehrgeizigen Plan als zu klein angesehen wurde.

Singapur legalisierte seine Casinoindustrie im Jahr 2006, als die lokale Regierung den Bau von zwei integrierten Casino-Resorts genehmigte – Marina Bay Sands und Resorts World Sentosa . Beide Komplexe wurden 2010 in Betrieb genommen und erwiesen sich als sofortiger Erfolg. Damit wurde der asiatische Stadtstaat zu einem der beliebtesten Glücksspielziele der Welt. Tatsächlich ist Singapur derzeit der drittprofitabelste Casino-Hub in Bezug auf die jährlich innerhalb seiner Grenzen erzielten Spieleinnahmen, wobei Macau und Las Vegas die einzigen sind, die höher rangieren.