U.S. Senator Cynthia Lummis has claimed that certain factions within the American military are backing the establishment of a national Bitcoin reserve, citing growing concerns over geopolitical and economic conflicts, particularly with China. In an interview with Bloomberg on June 3, Lummis revealed that several U.S. military generals, especially those ...
In a spectacle that combined artificial intelligence with combat sports, four humanoid robots powered by AI squared off in a unique kickboxing tournament as part of the World Robot Competition Mecha Fighting Series, according to a May 26 report from the China state-owned outlet the Global Times. Developed by Chinese ...
Nvidia is reportedly preparing to roll out a new, lower-cost artificial intelligence chip tailored for the Chinese market as it navigates tightened U.S. export restrictions on its high-end models. According to a May 26 report by Reuters, mass production of the upcoming chip is slated to begin in June. The ...
A firm registered in Colorado has been implicated in an expansive crypto-fueled black market operation serving Southeast Asian scammers, according to a report by blockchain security firm Elliptic. The marketplace, known as Xinbi Guarantee, has facilitated at least $8.4 billion in mostly Tether (USDT) transactions to date. Operated via Telegram ...
Despite claiming "substantial progress" in ongoing trade negotiations with China, the White House has yet to finalize or announce a formal deal, leaving investors uncertain about what comes next. In a statement issued on May 11, Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer said the talks had ...
Donald Trump has once again voiced strong support for cryptocurrencies, framing them as a crucial tool in the U.S. effort to maintain an edge over China in the global race for technological supremacy. As he returned to the White House from Palm Beach, Florida, Trump emphasized the strategic significance of ...
Chinese President Xi Jinping has publicly supported the growth of the BRICS New Development Bank (NDB), positioning it as a key driver for economic progress across the Global South. Speaking at a recent BRICS summit, Xi stressed that the NDB should play a central role in financing sustainable development and ...
Huawei is working on testing a new AI chip called the Ascend 910D, which is aimed at competing with Nvidia's high-end processors. The company plans to distribute sample chips to local tech firms by late May, although the chip is still in early development and requires extensive testing. Huawei is ...
A newly discovered vulnerability in crypto hardware wallets using Chinese-manufactured ESP32 microcontrollers has raised serious alarm among security researchers, threatening the safety of Bitcoin transactions and sensitive user data. Cybersecurity firm Crypto Deep Tech has released a report flagging a critical security flaw in ESP32 chips—widely used in devices such ...
Local governments across China are reportedly grappling with how to liquidate billions of dollars' worth of seized cryptocurrency, navigating a legal gray area created by the country’s strict ban on crypto trading and a lack of standardized procedures. According to a Reuters report released Tuesday, these local authorities have resorted ...
