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China-based Huawei to test AI chip aiming to rival Nvidia: Report


Chinese tech giant Huawei has reportedly developed a powerful artificial intelligence chip that could rival high-end processors from US chip maker Nvidia.The Shenzhen-based Huawei is poised to start testing a new AI chip called the Ascend 910D, and has approached local tech firms, which are slated...

Trade War Watch: China and the US Contradict on State of Negotiations


While there have been positive developments regarding the loosening of the U.S. tariffs on Chinese imports, the state of negotiations to finally solve this trade war is still uncertain. President Trump stated that there were meetings addressing the issue, but China has outright denied that these...

China may shift from US Treasurys toward gold, crypto — BlackRock exec


Central banks, particularly China, may start to shift away from US Treasurys, exploring alternatives such as gold and Bitcoin, according to Jay Jacobs, BlackRock’s head of thematics and active ETFs.In a recent interview with CNBC, Jacobs said that geopolitical tensions and rising global...

China Increased US Treasury Investments as Trade War Escalated


Chinese purchases of U.S. Treasuries rose in February, when the Trump Administration enacted a 10% tariff on any imports coming from the Asian country. According to the Treasury International Capital (TIC) reporting system, China increased its U.S. debt holdings to $784.3 billion, up from $760.8...

Crypto, stocks enter ‘new phase of trade war’ as US-China tensions rise


Cryptocurrency and equities markets entered a “new phase of the trade war, amid ongoing tariff escalations between the United States and China.Global trade war concerns intensified on April 15 after the White House published a fact sheet announcing that Chinese imports would be hit with...

China Jails 9 in $6M Crypto Scam Hitting Indians


China cracks down hard on cross-border crypto fraud, jailing fraudsters in a major blow to digital crime targeting Indians. China Drops Heavy Prison Terms Over Cross-Border Crypto Fraud on Indians A wide-reaching crypto scam targeting Indian nationals has led to harsh prison terms for a group...

China selling seized crypto to top up coffers as economy slows: Report


Local governments in China are reportedly seeking ways to offload seized crypto while facing challenges due to the country’s ban on crypto trading and exchanges.The lack of rules around how authorities should handle seized crypto has spawned “inconsistent and opaque approaches”...

China selling seized crypto to top up coffers as economy slows: Report


Local governments in China are reportedly seeking ways to offload seized crypto while facing challenges due to the country’s ban on crypto trading and exchanges.The absence of clear rules on how authorities should manage seized cryptocurrency has led to “inconsistent and opaque...

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