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On February 8th, Fujian Province issued the "Implementation Opinions on Promoting High-Quality Urban Development," which proposes to improve urban infrastructure. This includes accelerating the construction of the Fuzhou and Xiamen subway projects; optimizing the hierarchical structure of the urban road network, removing bottlenecks and congestion, and optimizing the urban freight network; strengthening the construction of parking and charging facilities; continuously enhancing the deep coverage of 5G, 5G-A, and gigabit optical networks; coordinating the construction of computing infrastructure and IoT sensing facilities; and encouraging qualified cities to pilot data infrastructure construction. The document also promotes the upgrading and digital transformation of traditional infrastructure and the construction of underground integrated pipe corridors according to local conditions. Furthermore, it accelerates the construction of a modern water network to enhance flood disaster prevention, water resource allocation, and urban and rural water supply security capabilities. Finally, it promotes the high-quality development of the urban power distribution network.On February 8th, the Fujian Provincial Committee of the Communist Party of China and the Fujian Provincial Peoples Government issued the "Implementation Opinions on Promoting High-Quality Urban Development," which proposes to enhance urban development momentum through city-specific policies. The document calls for promoting the expansion and upgrading of urban industrial parks, adhering to intelligent, green, and integrated development. It emphasizes consolidating and enhancing the pillar industry of manufacturing, and cultivating strategic emerging industry clusters such as optoelectronic information, integrated circuits, and new energy. It also calls for planning and constructing future industries, developing new productive forces according to local conditions. Furthermore, it promotes intelligent construction, cultivates a modern construction industry chain, and accelerates the transformation and upgrading of the construction industry. The document also encourages the active development of first-of-its-kind, silver-haired, low-altitude, cultural tourism, and marine economies, fostering new consumption scenarios and new business models. It supports Xiamen in carrying out pilot work for the construction of an internationalized consumption environment and accelerates the creation of distinctive cultural blocks, nighttime cultural and tourism consumption clusters, tourism and leisure blocks, and intangible cultural heritage characteristic blocks.February 8th - Voting began at 7:00 AM local time on February 8th for the Japanese House of Representatives election. Voting will conclude at 8:00 PM, except in some areas. The vote counting will then begin. This election involves contesting 465 seats in the House of Representatives, including 289 single-election seats and 176 proportional representation seats. The House of Representatives has a legally mandated four-year term, but under pressure from incumbent Prime Minister Sanae Takaichi, it was dissolved early on January 23rd, just one year and three months after the last election.Musk: Once solar power generation, robotics manufacturing, chip manufacturing, and AI form a closed loop, traditional currencies will become an obstacle. What really matters will be (power generation) capacity and output, not the US dollar.February 7th - US President Trump tweeted: "We need more competition to fight our enemies—the national television networks that spread fake news. Facilitating a good deal like Nexstar-Tegna will help combat fake news because it will bring more, higher-level, and more sophisticated competition. Those who oppose it dont fully understand the benefits for them, but they will in the future. Get this deal done!"

Crypto Cloud Storage STORJ Leads Rally by 55% As ETH, BTC Consolidate

Jimmy Khan

Jun 24, 2022 14:48

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The top cryptocurrencies were anticipated to be driving the rise when the cryptocurrency market passed the $900 billion threshold today.


Storj managed to seize dominance, overtaking every other significant cryptocurrency with its ascent despite the fact that it turned out to be a relatively unknown coin.

Storj?

Indeed, Storj. The asset is, as it sounds, the native token of a cloud storage platform supported by cryptocurrencies, which until today was merely another coin.


However, the altcoin's one-day increase of 55.08 percent succeeded to place it on the map both literally and figuratively, as it joined the top 100 cryptocurrencies list.


Due to the price increase, the asset's market value increased by approximately $100 million during the course of the previous day. This increased the asset's overall growth over the preceding nine days to a total of 156.7 percent.


More than half of the losses that the cryptocurrency sustained during the May 65 percent fall were also nullified by this rebound in addition to the losses registered by the altcoin this month during the June 9 crash.


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The green candle, which closed above both the 100-day SMA and the 50-day Simple Moving Average (red line), insured that the gain was sustained (blue line). The 200-day SMA (purple line), which would effectively transform this into a bullish run, is also getting closer.


Additionally, after more than two months, the Awesome Oscillator switched the active trend's direction from bearish to bullish, with the green bars climbing above the neutral.


Now, it has to be seen if the asset will be able to sustain this growth moving forward or if it will just be another one-day wonder.

Ethereum and Bitcoin Take a Break

The king currencies have been moving slowly, essentially not at all, as the altcoins have taken the lead.

BTC has made little progress at all during the past week, hovering around the $20k to $21k level, whereas ETH recently broke the $1.1k threshold.


However, Bitcoin's recovery has been so sluggish that the king currency has not yet reached the upswing stage that every other altcoin is presently in.


Additionally, the Relative Strength Index (RSI), which has been signaling a trend reversal for more than two months, shows that BTC is still trapped in the negative zone.


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