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“Warren Buffet bails as Chinese economy flounders, tensions rise” It was with great fanfare that Warren Buffet paid out $230 million for a 10 percent stake in Tesla rival BYD. He had been to the future, and it was China. Now, 14 years after his initial investment in China’s premier manufacturer of electric vehicles, Buffett is quietly pulling the plug on this…
“Tesla wins China tax breaks after Elon Musk’s Taiwan comments: report” Elon Musk’s electric car maker Tesla has been granted tax exemptions from China just days after the tech mogul was praised by Beijing for saying that Taiwan should become a “special administrative zone” ruled by the Chinese Communist Party. The Chinese Ministry of Industry…
“Apple suppliers add factories in California, other US states” Apple suppliers expanded their US operations last year, particularly in California, amid global disruptions to supply chains and rising political tensions with China. As of September 2021, 48 of Apple’s more than 180 suppliers had operations in the US, almost double of the number a year…
” BIS marks CBDC pilot as ‘successful’ with $22M transacted “ A multi-jurisdictional Central Bank Digital Currency (CBDC) pilot has been marked “successful” by the Bank for International Settlements (BIS) after a month-long test phase that facilitated $22 million worth of real-value cross-border transactions. The central banks of Hong Kong, Thailand, China and the United…
” China GPU prices drop to new lows after the Ethereum Merge “ As the Ethereum network’s move to a proof-of-stake (PoS) consensus mechanism drives adoption from institutional investors, the prices for graphics processing units (GPUs), often used for mining cryptocurrencies like Ether (ETH), have gone down in China. Following the historic Ethereum Merge on…
” China accounts for 84% of all blockchain patent applications, but there’s a catch “ China accounts for 84% of all blockchain applications filed worldwide, according to the latest data shared by the country’s government official. China has steered clear of the cryptocurrency market. However, the Beijing government has been supportive of the underlying blockchain…
“Fact-checkers, social media cops lose AGAIN in fight to find real origins of COVID” In yet another black mark for social media censorship, it turns out that one of the key figures in the blocking of the February 2020 Post opinion column that floated the COVID lab-leak theory had a huge vested interest in suppressing…
” Data challenges the DXY correlation to Bitcoin rallies and corrections ‘thesis’ “ Presently, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative. Traders and influencers have been issuing alerts about this…
” Possession of Bitcoin still legal in China despite the ban, lawyer says “ Despite enforcing a major cryptocurrency ban one year ago, the Chinese government still protects local crypto investors as crypto is recognized as virtual property protected by the law. One of the world’s most hostile countries toward Bitcoin (BTC), China has not…
” Bitcoin’s in a bear market, but there are plenty of good reasons to keep investing “ Let’s rewind the tape to the end of 2021 when Bitcoin (BTC) was trading near $47,000, which at the time was 32% lower than the all-time high. During that time, the tech-heavy Nasdaq stock market index held 15,650…