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Bitcoin adds gains as US stock markets drop a record $3.5 trillion in value and Federal Reserve Chair Jerome Powell warns of “higher inflation and slower growth.” As stock markets crumbled for a second day on April 4, US Federal Reserve Chair Jerome Powell said that the Trump administration’s “reciprocal tariffs” could significantly affect the…
Bitcoin and select altcoins hold steady even as the threat of a global trade war crushes the stock market. Bitcoin (BTC) price has managed to stay above the $80,000 level as volatility wrecked US stock markets on April 3 and April 4. The failure of the bears to capitalize on the opportunity shows a lack…
The company reportedly sold its China operations to an entity associated with Bitmain for $352 million. Cango, a publicly traded Chinese conglomerate, has agreed to sell its legacy China operations to an entity associated with peer Bitmain in a bid to go all-in on Bitcoin (BTC) mining, according to a report by The Miner Mag. …
Are you willing to hack and take control of Chinese websites for a random person for up to $100,000 a month? Someone is making precisely that tantalizing, bizarre, and clearly sketchy job offer. The person is using what looks like a series of fake accounts with avatars displaying photos of attractive women and sliding into…
The US-led tariff war gets all the blame for Bitcoin’s year-to-date weakness, but there are other factors weighing on BTC price. Despite Bitcoin’s 2.2% gains on April 1, BTC (BTC) hasn’t traded above $89,000 since March 7. Even though the recent price weakness is often linked to the escalating US-led global trade war, several factors…
OpenAI expects revenue to reach $12.7 billion this year, driven by its paid AI subscription offerings — but Chinese AI rivals are spinning up in droves. OpenAI expects to more than triple its revenue this year to $12.7 billion, despite fast-growing competition from the likes of China’s DeepSeek and other competitors making rapid progress. The…
Anthropic’s CEO Dario Amodei is worried that spies, likely from China, are getting their hands on costly “algorithmic secrets” from the U.S.’s top AI companies – and he wants the U.S. government to step in. Speaking at a Council on Foreign Relations event on Monday, Amodei said that China is known for its “large-scale industrial…
There’s lots of scrutiny involving China obtaining advanced Nvidia chips despite strict U.S. export controls, with Chinese merchants already reportedly ordering Nvidia’s powerful Blackwell GPUs. On Thursday, Singaporean police arrested three men for allegedly smuggling Nvidia chips, Singapore’s national broadcaster Channel News Asia reported. The three men, two Singaporeans and one Chinese citizen, were charged…
Analysts say Bitcoin’s recent weekend pump to $95,000 is eerily similar to the “Xi pump” in 2019. Bitcoin’s weekly chart was on track to close below $90,000 for the first time since November 2024, but a late surge pushed prices higher following US President Donald Trump’s announcement of a crypto strategic reserve. Bitcoin weekly chart….
Bouncing back from a major slowdown in 2024, China‘s theatrical box office is generating boffo business again. Ticket sales revenue in the country has totaled $978 million since the Chinese New Year holiday kicked off on Jan. 29, a 27.3 percent compared to the first five days of last year’s holiday. Enlight Pictures’ animated sequel…