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The volatility of US bonds during tariff escalations may reignite Bitcoin’s unique economic properties as a safe-haven and potential reserve asset, Ammous said. Analysts are criticizing the financial implications of US President Donald Trump’s import tariffs, a development that some say highlights Bitcoin’s unique economic properties during times of global uncertainty. Trump’s 90-day pause on…
People saying “please” and “thank you” to ChatGPT is costing the AI firm an enormous sum of money, according to OpenAI CEO Sam Altman. OpenAI CEO Sam Altman says users sending “please” and “thank you” messages to ChatGPT is costing the company tens of millions of dollars. “Tens of millions of dollars well spent —…
Institutional investment and Bitcoin ETFs have accelerated the four-year Bitcoin halving cycle despite growing uncertainty fueled by global trade wars. Bitcoin holders are celebrating one year since the 2024 Bitcoin halving by praising BTC’s resilience amid a global trade war and suggesting an accelerated market cycle due to a growing institutional presence. The 2024 Bitcoin…
China is cracking down on how automakers advertise driver-assistance features, banning terms like “autonomous driving,” “self-driving,” and “smart driving,” Reuters reported, citing a transcript of a meeting between the government and industry representatives. The updated rule will also prohibit automakers from rolling out improvements via software updates to advanced driver-assistance systems in vehicles already in…
The Chinese e-commerce marketplace app DHgate, which is now the No. 2 free iPhone app in the U.S., isn’t the only one that’s oddly benefiting from President Trump’s tariffs on U.S. imports from China. Another Chinese shopping app, Taobao, has now also entered the Top 5 as of Thursday. U.S. consumers began flocking to these…
Traders expect Bitcoin price to benefit from global stimulus, a weaker US dollar, and BTC’s decoupling from equities. Key points: Monetary stimulus in China and Europe increases investors’ focus on Bitcoin price. The US Federal Reserve is under political pressure to cut rates, as the DXY weakens. Read more If you liked the article, do…
Auradine is aiming to expand its presence in the Bitcoin mining market, but it faces strong competition from established Chinese manufacturers. Auradine, a Silicon Valley-based startup that specializes in equipment for AI data centers and Bitcoin mining, has announced a raise of $153 million in a Series C funding round. The new capital will go…
Reuters reports local governments in China are using private companies to sell seized crypto, going against the country’s trading ban. 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…
The Trump trade war has gone viral on TikTok, pushing a Chinese e-commerce app, DHgate, to the top of the U.S. App Store. After Trump increased U.S. tariffs on Chinese imports by 145%, numerous Chinese suppliers and manufacturers began making TikTok videos explaining to consumers how the global luxury goods market actually works. The clothing,…
The Bitcoin network is especially vulnerable to geopolitical tensions because of its physical hardware requirements, crypto executives said. Escalating geopolitical tensions threaten to balkanize blockchain networks and restrict users’ access, crypto executives told Cointelegraph. On April 9, US President Donald Trump announced a pause in the rollout of tariffs imposed on certain countries — but…