As the search for an elusive Bitcoin bottom continues, at least one United States miner was forced to liquidate a portion of its holdings in June. This week’s Crypto Biz newsletter dissects Voyager’s …
Monthly Archives For July 2022
China’s BYD, Backed By Warren Buffett, Pips Elon Musk’s Tesla To Become Number One In Global EV Sales
BYD — short for “Build Your Dreams” — the Chinese auto giant backed by American business magnate Warren Buffett’s Berkshire Hathaway, has dethroned Elon Musk’s Tesla as the world’s biggest electric …
Business Exit from China Accelerating
More than 90% of those surveyed said they either were in the process of moving production out of China or had plans to do so. And about 80% said they were considering bringing some of…
China refutes US, UK official’s alarm over espionage charges
China on Thursday refuted the US and UK intelligence services over spying claims and said that the US is the biggest threat to world peace stability and devel …
‘Crash Potential’—Crypto Billionaire Issues Stark Warning As The Price Of Bitcoin And Ethereum Rebound
Crypto billionaire Sam Bankman-Fried has warned “a substantial fraction” of cryptocurrencies are “empty products” with “real crash …
Jianzhi Education Technology Aims For $30 Million U.S. IPO
Jianzhi Education Technology Group has filed proposed terms for a $30 million IPO. The company provides online education content to businesses and consumers in China.
Shanghai reopens cinemas but warns of COVID-19 risks amid outbreaks
SHANGHAI: Shanghai reopened most cinemas on Friday (Jul 8), sticking to a plan of gradual resumption of daily activities after it lifted a two-month COVID-19 lockdown in June while also trying, like …
Biden to meet with advisers on China tariffs, decision timing unclear-sources
President Joe Biden was due to discuss tariffs on Chinese imports with advisers on Friday, but it was unclear when he would make a decision on whether to remove some duties to try to fight…
Elon Musk Hails Japan and China
Elon Musk is once again at the center of discussions in business circles after a break of almost two weeks. The richest man in the world is again addressing his 100.5 million followers on Twitter…
U.S. mulls fresh bid to restrict chipmaking tools for China’s SMIC
The Biden administration is eyeing targeted restrictions on shipments of chipmaking tools to China, aiming to slow advances by China’s largest chipmaker, SMIC.
Face-recognition business puts SoftBank between China, U.S.
A SoftBank-owned company is thriving by offering face-recognition technology fueled by a blacklisted Chinese firm to the likes of Mastercard and Visa.
The Download: a military AI boom, and China’s industrial espionage
Why business is booming for military AI startups Exactly two weeks after Russia invaded Ukraine in February, Alexander Karp, the CEO of data analytics company Palantir, made his pitch to European …
US-China Talks on Delisting Stocks Hinge on Redacted Audits
US and Chinese officials have held calls in the past week to further negotiations aimed at keeping about 200 Chinese stocks from losing their listings on New York exchanges, and redactions in auditors …
