Chicago Family Held for $15M Crypto Ransom, Suspects Flee to China
Six men kidnapped a Chicago family and their nanny in October 2024, forcing them to transfer $15 million in crypto before releasing them. Six…
Nouriel Roubini Warns of Escalating U.S.-China Tensions After Tariff Hike
Nouriel Roubini cautioned that China’s pride and strategic patience could lead to heightened tensions with the U.S. after Trump’s 10%…
Can the Digital Euro Counter China, US Growing Payment Control?
Germany’s central bank executive Burkhard Balz emphasized the digital euro’s role in safeguarding Europe’s financial…
China Backs BRICS Despite US Tariff Threats
China defended BRICS against U.S. tariff threats, emphasizing its role in global economic stability and mutual growth. Beijing warned that…
HongShan, Sequoia Spinoff, Struggles to Invest Funds
HongShan, a Sequoia spinoff, faces challenges deploying its significant investment fund HongShan, the Chinese investment firm that was spun…
US Judge Sides With Crypto Miner in Ownership Dispute
An Arkansas judge blocks laws targeting foreign crypto miners, protecting a Chinese-American’s right to run a cryptocurrency mining…
Commission Says US Needs AI Push To Rival China
The United States Congressional Commission recommends the U.S. Secretary of Defense designate AI projects as the highest national priority.…
Chinese National Admits Laundering Crypto Through US Firms
A Chinese national has entered a plea of guilty to laundering $73 million through numerous shell companies in the United States, which were…
Nano Labs Adopts Bitcoin Payments as China Signals Policy Shift
China-based Nano Labs now accepts Bitcoin payments via Coinbase, aiming to meet growing demand for digital currency options in tech. According…
Equal Unveils Plan to Combat India’s Rising Cyber Fraud
Equal introduces a comprehensive strategy aimed at addressing the increasing issue of cyber fraud in India, focusing on preventive measures…
TSMC Halts Advanced Chip Shipments to Chinese Firms
TSMC has reportedly suspended shipments of advanced chips to Chinese companies, marking a significant shift in its business operations amid…
IATA to Back China’s CBDC by 2024, Report Says
By the conclusion of 2024, a trade association for the world’s airlines intends to incorporate the digital yuan into its invoicing…
US Restricts AI Investments in China, Tightens Tech Controls
On Monday, the Biden administration said it was finishing up rules limiting U.S. investments in China that could put U.S. national security at…
Chinese Woman Denies UK Bitcoin Laundering Charges
In a London court, Zhimin Qian, who is also known as Yadi Zhang, said he was not guilty of laundering Bitcoin Bloomberg says that Qian, from…
Bitcoin Soars to $78K After China Stimulus
Following the People’s Bank of China’s announcement of the previous two stimulus packages, bitcoin saw a significant increase in…
WeRide Secures Approval for Robotaxis in California
Chinese autonomous vehicle firm WeRide is cleared to test its driverless cars with passengers in California The action is taken as WeRide…
Chinese Firms Hoard Samsung Chips Before U.S. Curbs
Chinese tech giants and startups are stockpiling Samsung’s high-bandwidth memory chips in anticipation of U.S. export restrictions,…
Apple Cuts iPhone Price in India
Following a reduction in import duties in the South Asian market, Apple has reduced its iPhone price variants in India by 3-4% The price…
Chinese E-commerce Brand JD.com to Release HKD Stablecoin
A top name in the Chinese e-commerce industry, JD.com has declared its intention to release the Hong Kong Dollar (HKD) stablecoin. JD.com, one…
Nvidia Approves Samsung HBM3 Chips for China Processors
Samsung’s fourth-generation high bandwidth memory (HBM3) chips have been certified by Nvidia for use in its CPUs, according to three…