Trending
Indices
US
Crypto
Forex
Commodities
Futures
More
SYMBOL
LAST
NET CHG.
%CHG.
HIGH
LOW
5813.67
-19.25
-0.33%
5850.94
5811.28
18607.92
-104.83
-0.56%
18785.49
18598.24
42141.54
-91.52
-0.22%
42457.92
42141.54
103.870
-0.080
-0.08%
104.070
103.870
1.08538
-0.00021
-0.02%
1.08595
1.08436
1.29692
+0.00076
+ 0.06%
1.29695
1.29422
2783.97
-3.23
-0.12%
2789.94
2781.97
68.806
-0.084
-0.12%
68.894
68.559
All
Recommend
Featured News
Stocks
Cryptocurrencies
Central Banks
More
Top News Only
Share

【The purchase of a virtual currency "mining machine" was breached and the court ruled that the contract was invalid】 October 31, according to The Paper, in April 2021, Hang bought a "mining machine" platform and 64 hard drives from Chen through WeChat, totaling 429,000 yuan. After paying the full amount, Hang asked Chen about the equipment configuration, but Chen shirked his obligation to deliver. Later, Hang asked the other party to return part of the payment of 180,000 yuan and continue to send 64 hard drives. After Chen returned 180,000 yuan, he still did not deliver the goods. Hang filed a lawsuit with the court, requesting the court to order the defendant Chen to return the payment of 249,000 yuan and pay interest losses. The court believes that the focus of the dispute in this case is whether the contract is valid and whether the defendant should return the corresponding amount and interest losses. Upon review, the content of the WeChat chat between Hang and Chen can prove that the two parties are in a sales relationship and the sales contract is established. On September 3, 2021, the National Development and Reform Commission and other departments jointly issued the "Notice on the Rectification of Virtual Currency "Mining" Activities", clarifying that such "mining" activities have large energy consumption and carbon emissions, which is not conducive to the optimization of the national industrial structure, energy conservation and emission reduction, and is not conducive to the realization of the carbon peak and carbon neutrality goals as scheduled, and should be comprehensively rectified. On September 15, 2021, the People's Bank of China, the Central Cyberspace Affairs Commission, the Supreme People's Court and other departments issued the "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation", which defined virtual currency-related business activities as illegal financial activities. Any legal person, non-legal person organization and natural person who invests in virtual currency and related derivatives violates public order and good morals, and the relevant civil legal acts are invalid, and the losses caused by this shall be borne by themselves. Therefore, Hang MOU purchased a "mining machine" from Chen MOU and calculated the "mining" activities of producing virtual currency. The contract involved in the case is an illegal financial activity, which violates public order and good morals and should be deemed invalid, so Chen MOU should return the payment. The court then ordered Chen to return the payment of 249,000 yuan to Hang within 30 days from the date the judgment came into effect. Chen appealed the judgment, and the court of second instance held that: the original judgment that the sales contract relationship between the two parties was formed was not improper; the legal sales contract relationship is protected by law, but the contract in question violated public order and good morals, and did not conform to the basic principles of saving resources and protecting the environment, and should be an invalid contract. Chen should return the payment of Hang's goods based on the invalid contract. The judgment of the first instance determined that the facts were clear and the application of the law was correct, so the court dismissed the appeal and upheld the original judgment.

TIME
ACT
FCST
PREV
Russia Retail Sales YoY (Sept)

A:--

F: --

P: --

Brazil CAGED Net Payroll Jobs (Sept)

A:--

F: --

P: --

BOC Gov Macklem Speaks
South Korea Industrial Output MoM (SA) (Sept)

A:--

F: --

P: --
South Korea Services Output MoM (Sept)

A:--

F: --

P: --

South Korea Retail Sales MoM (Sept)

A:--

F: --

P: --

Japan Retail Sales (Sept)

A:--

F: --

P: --

Japan Industrial Inventory MoM (Sept)

A:--

F: --

P: --

Japan Industrial Output Prelim YoY (Sept)

A:--

F: --

P: --

Japan Industrial Output Prelim MoM (Sept)

A:--

F: --

P: --

Japan Large-Scale Retail Sales YoY (Sept)

A:--

F: --

P: --
Japan Retail Sales MoM (SA) (Sept)

A:--

F: --

P: --

Japan Retail Sales YoY (Sept)

A:--

F: --

P: --

Australia Building Permits MoM (SA) (Sept)

A:--

F: --

P: --
Australia Retail Sales MoM (SA) (Sept)

A:--

F: --

P: --

Australia Import Price Index YoY (Q3)

A:--

F: --

P: --

Australia Private Building Permits MoM (SA) (Sept)

A:--

F: --

P: --

Australia Building Permits YoY (SA) (Sept)

A:--

F: --

P: --

Australia Building Approval Total YoY (Sept)

A:--

F: --

P: --
China, Mainland NBS Non-manufacturing PMI (Oct)

A:--

F: --

P: --

China, Mainland Composite PMI (Oct)

A:--

F: --

P: --

China, Mainland NBS Manufacturing PMI (Oct)

A:--

F: --

P: --

Japan Benchmark Interest Rate

A:--

F: --

P: --

BOJ Monetary Policy Statement
Japan New Housing Starts YoY (Sept)

A:--

F: --

P: --

Japan Construction Orders YoY (Sept)

A:--

F: --

P: --

ECB President Lagarde Speaks
BOJ Press Conference
Turkey Trade Balance (Sept)

A:--

F: --

P: --

Germany Actual Retail Sales MoM (Sept)

A:--

F: --

P: --
France PPI MoM (Sept)

--

F: --

P: --

Italy Unemployment Rate (SA) (Sept)

--

F: --

P: --

South Africa PPI YoY (Sept)

--

F: --

P: --

Euro Zone Core HICP Prelim MoM (Oct)

--

F: --

P: --

Euro Zone Core HICP Prelim YoY (Oct)

--

F: --

P: --

Euro Zone Core CPI Prelim YoY (Oct)

--

F: --

P: --

Euro Zone HICP Prelim YoY (Oct)

--

F: --

P: --

Italy HICP Prelim YoY (Oct)

--

F: --

P: --

Euro Zone Core CPI Prelim MoM (Oct)

--

F: --

P: --

Euro Zone Unemployment Rate (Sept)

--

F: --

P: --

U.S. Challenger Job Cuts (Oct)

--

F: --

P: --

U.S. Challenger Job Cuts MoM (Oct)

--

F: --

P: --

U.S. Challenger Job Cuts YoY (Oct)

--

F: --

P: --

Brazil Unemployment Rate (Sept)

--

F: --

P: --

South Africa Trade Balance (Sept)

--

F: --

P: --

Canada GDP YoY (Aug)

--

F: --

P: --

Canada GDP MoM (SA) (Aug)

--

F: --

P: --

U.S. Initial Jobless Claims 4-Week Avg. (SA)

--

F: --

P: --

U.S. Labor Cost Index QoQ (Q3)

--

F: --

P: --

U.S. Personal Outlays MoM (SA) (Sept)

--

F: --

P: --

U.S. Core PCE Price Index YoY (Sept)

--

F: --

P: --

U.S. Weekly Initial Jobless Claims (SA)

--

F: --

P: --

U.S. PCE Price Index YoY (SA) (Sept)

--

F: --

P: --

U.S. Core PCE Price Index MoM (Sept)

--

F: --

P: --

Canada Average Weekly Earnings YoY (Aug)

--

F: --

P: --

U.S. Personal Income MoM (Sept)

--

F: --

P: --

U.S. PCE Price Index MoM (Sept)

--

F: --

P: --

U.S. Weekly Continued Jobless Claims (SA)

--

F: --

P: --

U.S. Real Personal Consumption Expenditures MoM (Sept)

--

F: --

P: --

U.S. Dallas Fed PCE Price Index YoY (Sept)

--

F: --

P: --

Treasury Sec Yellen Speaks
  • All
  • Chatrooms
  • Groups
  • Friends
Connecting
.
.
.
Trending
Indices
US
  • US
  • VN
Crypto
Forex
Commodities
Futures
All
Recommend
Featured News
  • All
  • Israel-Palestine Conflict
  • Russia-Ukraine Conflict
  • US Election
Stocks
Cryptocurrencies
Central Banks
  • US
  • VN
  • All
  • Israel-Palestine Conflict
  • Russia-Ukraine Conflict
  • US Election
News

Events

Awards
Fans Party
IB Seminar
More

Scan to Download

Faster Charts, Chat Faster!

Download App
English
  • English
  • Español
  • العربية
  • Bahasa Indonesia
  • Bahasa Melayu
  • Tiếng Việt
  • ภาษาไทย
  • Français
  • Italiano
  • Türkçe
  • Русский язык
  • 简中
  • 繁中
Events

Awards
Fans Party
IB Seminar
More

Toyota: Ntt, Toyota Will Begin Development Of Ai Platform Starting In 2025

Quick access to 24/7

Quick access to more editor-selected real-time news

Exclusive video for free

FastBull VIPject team is dedicated to create exclusive videos

Follow More Symbols

You can add more symbols to your watchlist.

More comprehensive macro data and economic indicators

More comprehensive historical data on indicators to help analyze macro markets

Member-only Database

Comprehensive forex, commodity, and equity market data