China and IP Theft
Is the president a bully? A reader says:
“I don’t know if I like Trump as a person but, on the world stage, it’s about time we got away from America taking a backseat and letting the rest of the world dictate our trade policies.
“Trump approaches things from a business perspective not a political one.”
And a reader has first-hand experience with Chinese IP theft”
“I don’t have any direct knowledge of Huawei but I do have indirect knowledge of Chinese [intellectual property] theft.
“My previous company, Beta Tech, sold 5 torque controllers to China, hoping for more orders. A year or more later, we had a technician called out for support.
“The technician went to a plant that had hundreds of Beta Tech torque controllers. The copies even had our copyright notices but they certainly weren’t purchased from our Michigan factory.
“Does Huawei do the same thing? I’d actually be shocked if they didn’t…”
“Huawei has repeatedly been accused of intellectual property (IP) theft in the past,” says tech writer Owen Williams at Medium, “from stealing the finger design of a screen-tapping robot to allegedly cloning the entire hinge design of Apple’s MacBook Pro.
“That’s… proven to be something of a cultural mismatch between how Chinese and American companies develop technology.”
What concerns you more about blacklisted companies like Huawei — IP theft or spying?
Your Rundown for Wednesday, June 26, 2019:
The Market That Never Sleeps
As bitcoin approaches $13,000 this morning, it seems like a good day to address a reader’s question:
“I’m not sure what you’re using as a baseline for your bitcoin quotes, but from one day to another, they just don’t add up. For example, here are your lines regarding bitcoin from Friday and today, with no updates in the interim.
“Friday: Bitcoin’s added $343.31 to its price of $9,881.05. Think it’ll move above $10,000 over the weekend?
“Monday: Ditto for bitcoin: it’s added $46.65 to $10,902.64.
“Looks to me like an increase of $1021.59 rather than $46.65,” our reader says, “and the difference is not trivial.
“I realize bitcoin is quite volatile, but I think it would be appropriate to quote the rise or fall in price from your quote on the previous day.”
Thanks to our reader for his question; the “cryptoverse” has its fair share of differences when compared to conventional markets.
Mainly, the crypto market trades 24-hours a day, seven days a week — so there’s no open or close price and no weekends off.
With that said, say you want to dip a toe into the crypto market for the first time, here’s a primer of what you should know:
- Easiest place to buy: Coinbase
- Two best trading platforms: Binance and Kucoin
- Safest cryptos to invest in: BTC, ETH, ICX, XMR, LTC
- Best app to track your portfolio: Blockfolio
Write in with any other questions; while we’re on the subject of crypto, did you see the rebound in digital assets coming? In your opinion, what’s causing the momentum?
Market Rundown for Wed. June 26, 2019
S&P 500 futures are up 9 points to 2,930.75.
Oil is up $1.35 to $59.18 for a barrel of WTI.
Gold is down $6.60 to $1,412.10 per ounce.
Bitcoin’s up $7.04 to $12,822.78.
Have a good day. We’ll talk tomorrow.
For the Rundown,