{"id":554804,"date":"2021-11-14T13:38:37","date_gmt":"2021-11-14T13:38:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/is-chinas-bannon-backed-hcoin-legit-plus-britney-is-back-baby\/"},"modified":"2021-11-14T13:38:37","modified_gmt":"2021-11-14T13:38:37","slug":"is-chinas-bannon-backed-hcoin-legit-plus-britney-is-back-baby","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/is-chinas-bannon-backed-hcoin-legit-plus-britney-is-back-baby\/","title":{"rendered":"Is China\u2019s Bannon-backed HCoin legit? Plus: Britney is back, baby."},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Crypto\u2019s latest aberration: Himalaya Coin, <\/strong>which could have a market cap of around USD 28.9 bn \u2014 roughly equivalent to that of dog-themed meme coin <a href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu\/\">Shiba Inu<\/a> \u2014 after its value skyrocketed since it started trading at the start of the month, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-12\/a-27-billion-token-loved-by-exiled-billionaire-and-steve-bannon?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> reports. One HCoin has gone from being worth USD 10 cents to USD 28.88 in the past two weeks. Its launch was marked with the release of \u201c<a href=\"https:\/\/www.youtube.com\/watch?v=vgof8s0ahxE&ab_channel=%E9%83%AD%E6%96%87%E8%B4%B5\">HCoin to the Moon<\/a>,\u201d a bizarre music video featuring exiled Chinese b\u2019naire and Communist Party critic Wengui Guo. Set to a montage of mansions, sports cars and suitcases bursting with USD bills, the song promises a world where \u201cNo one can take your wealth away from you.\u201d<\/p>\n<p><strong>Anti-China politics seem to be at the core of HCoin: <\/strong>Guo is joined in his support for the currency by far-right talking head and former Donald Trump adviser Steve Bannon. \u201cIf you look at the institutionalization of the counteroffensive to the Chinese Communist Party, it\u2019s pretty impressive,\u201d Bannon said <a href=\"https:\/\/gettr.com\/post\/pg6y60db1d\">in an interview<\/a> about HCoin with GTV, the anti-Chinese government media company he co-founded with Guo last year. China recently <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ccf35d8e-673e-45ba-b632-634cf3767612\">banned crypto trading<\/a> as part of a wider crackdown on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/80439a51-0542-4cdf-b097-45a59741c004\">private tech firms<\/a> in recent months.<\/p>\n<p><strong>It\u2019s still unclear how legit HCoin is: <\/strong>The currency currently only trades on the Himalaya Exchange, a crypto platform with business links to Guo, and isn\u2019t listed by CoinMarketCap in its definitive list of global cryptocurrencies, though a <a href=\"https:\/\/coinmarketcap.com\/currencies\/himalayan-cat-coin\/\">Himalaya Cat Coin<\/a> (not the same thing) is 4.7% down today.<\/p>\n<hr class=\"grey-line\">\n<p><strong>We\u2019d be pretty embarrassed if we were the FBI right now:<\/strong> Hackers managed to compromise one of the FBI\u2019s email systems on Saturday, sending fake emails to tens of thousands of recipients, according to an <a href=\"https:\/\/www.fbi.gov\/news\/pressrel\/press-releases\/fbi-statement-on-incident-involving-fake-emails\">FBI statement<\/a>. The emails warned of a possible cyberattack and ended with a sign-off from the Department of Homeland Security, reports <a href=\"https:\/\/krebsonsecurity.com\/2021\/11\/hoax-email-blast-abused-poor-coding-in-fbi-website\/\">KrebsonSecurity<\/a>. The hacker that claimed responsibility for the attack, known on the cyberwebs as Pompompurin, said they were able to send the messages by abusing poor coding on an FBI portal, and had carried out the hack in order to point out vulnerabilities in the FBI\u2019s system.<\/p>\n<p><strong>FOR ALL YOU MILLENIALS WHO CARE-<\/strong> <strong>Britney\u2019s conservatorship is officially over: <\/strong>Britney Spears has won a legal battle against the conservatorship that saw a team led by her father control her finances, career and personal life for nearly 14 years. Fans of the early-noughties pop icon celebrated outside the Los Angeles court where a judge ruled to cancel the conservatorship on Friday, in the culmination of a months-long campaign by supporters, some media, and most recently Britney herself against the unusual arrangement.<\/p>\n<p><strong>The star\u2019s case drew renewed attention earlier this year<\/strong> in the wake of the release of two documentaries, \u201c<a href=\"https:\/\/www.youtube.com\/watch?v=xXG28S8cAJU&ab_channel=FXNetworks\">The New York Times Presents: Framing Britney Spears<\/a>\u201d and Netflix\u2019s \u201c<a href=\"https:\/\/www.youtube.com\/watch?v=SgFDWK_sf9c&ab_channel=Netflix\">Britney vs. Spears<\/a>.\u201d The media storm appears to have prompted Spears to petition for the conservatorship\u2019s cancellation, appearing in court earlier this summer, where she called the arrangement abusive. For the first time in nearly 14 years, Spears will now be able to live, work and spend as she chooses. (<a href=\"https:\/\/www.washingtonpost.com\/arts-entertainment\/2021\/11\/12\/britney-spears-conservatorship-hearing\/\">Washington Post<\/a> | <a href=\"https:\/\/www.theguardian.com\/music\/2021\/nov\/12\/britney-spears-conservatorship-terminated\">The Guardian<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/entertainment-arts-59217825\">BBC<\/a> | <a href=\"https:\/\/www.nytimes.com\/2021\/11\/12\/arts\/music\/britney-spears-conservatorship-ends.html\">New York Time<\/a>s | <a href=\"https:\/\/edition.cnn.com\/2021\/11\/12\/entertainment\/britney-spears-conservatorship-ends\/index.html\">CNN<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto\u2019s latest aberration: Himalaya Coin, which could have a market cap of around USD 28.9 bn \u2014 roughly equivalent to that of dog-themed meme coin Shiba Inu \u2014 after its value skyrocketed since it started trading at the start of the month, Bloomberg reports. One HCoin has gone from being worth USD 10 cents to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":554805,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[116,344,377,633,286,638],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-china","tag-cryptocurrency","tag-cybersecurity","tag-enterprisepm","tag-fbi","tag-for-your-commute","wpautop","entry"],"acf":{"mongo_id":"bb03e837-757a-4fae-bb11-afc24dc75104","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/122.jpg","photo_position":"above","related_issue":[554800],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is China\u2019s Bannon-backed HCoin legit? Plus: Britney is back, baby. - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/is-chinas-bannon-backed-hcoin-legit-plus-britney-is-back-baby\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is China\u2019s Bannon-backed HCoin legit? Plus: Britney is back, baby.\" \/>\n<meta property=\"og:description\" content=\"Crypto\u2019s latest aberration: Himalaya Coin, which could have a market cap of around USD 28.9 bn \u2014 roughly equivalent to that of dog-themed meme coin Shiba Inu \u2014 after its value skyrocketed since it started trading at the start of the month, Bloomberg reports. One HCoin has gone from being worth USD 10 cents to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/is-chinas-bannon-backed-hcoin-legit-plus-britney-is-back-baby\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-14T13:38:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/122.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/is-chinas-bannon-backed-hcoin-legit-plus-britney-is-back-baby\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/is-chinas-bannon-backed-hcoin-legit-plus-britney-is-back-baby\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Is China\u2019s Bannon-backed HCoin legit? 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Plus: Britney is back, baby."}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/122.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/122.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/122.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":544267,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/22\/rich-nations-are-not-reaching-pledge-targets-in-terms-of-pandemic-aid\/","url_meta":{"origin":554804,"position":0},"title":"Rich nations are not reaching pledge targets in terms of pandemic aid","author":"enterpriseam admin","date":"22 February 2022","format":false,"excerpt":"G20 countries fell short of their USD 100 bn pandemic aid pledge to developing countries: The world\u2019s most advanced economies agreed last week to provide a combined USD 60 bn to developing countries struggling under the financial fallout of the pandemic, marking a significant reduction from their original USD 100\u2026","rel":"","context":"In &quot;FOR YOUR COMMUTE&quot;","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/532.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554473,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/09\/the-pandemic-is-going-to-turn-the-rich-into-a-troupe-of-scrooge-mcducks-visa-delves-deeper-into-crypto\/","url_meta":{"origin":554804,"position":1},"title":"The pandemic is going to turn the rich into a troupe of Scrooge McDucks + Visa delves deeper into crypto","author":"enterpriseam admin","date":"9 December 2021","format":false,"excerpt":"The pandemic continues to make the rich even richer, with the top 0.01% of individuals now holding 11% of the world\u2019s wealth, according to the World Inequality Report 2022, recording the steepest increase in bn\u2019aires share of wealth on record. The report showed that bn\u2019aires own 3.5% of global household\u2026","rel":"","context":"In &quot;FOR YOUR COMMUTE&quot;","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/617.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579835,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/22\/europe-and-the-us-could-become-self-sufficient-in-ev-batteries-by-2030-for-the-small-sum-of-usd-160-bn\/","url_meta":{"origin":554804,"position":2},"title":"Europe and the US could become self-sufficient in EV batteries by 2030 \u2014 for the small sum of USD 160 bn","author":"enterpriseam admin","date":"22 November 2022","format":false,"excerpt":"The West could unwind its reliance on Chinese EV batteries by the end of the decade \u2014 but it\u2019s going to come with a hefty price tag, Goldman Sachs strategists wrote in a report seen by the Financial Times. 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