China Sets to Build AI Chip Factory to Bypass US Sanctions
According to a South China Morning Post (SCMP) report, Chinese scientists are reportedly looking to construct artificial intelligence (AI) chip factories to circumvent local industry sanctions. Utilizing particle accelerators will facilitate the development of novel laser source production techniques. According to reports, the accelerator’s electron beam will be converted into a “high-quality” light source required […]
Coinbase restricts 25,000 addresses connected to Russian cryptocurrency holders.
Concerns are growing that Russia would utilize cryptocurrency to escape the financial and economic sanctions imposed on it. To allay these anxieties, Coinbase, the largest crypto exchange in the United States by trading volume, has stated that crypto can be used to promote sanction compliance instead. Coinbase is abiding by the sanctions, says CLO Paul […]
Russian Ruble drops further against Bitcoin as oil sanctions loom
Russia’s currency fell 26% to a new low against Bitcoin as on monday, extending losses after the US announced that penalties on Moscow’s oil exports were being considered. In the last month, the ruble has lost approximately 60% of its value against Bitcoin, making one Bitcoin worth over 5 million rubles. Russia economy pressured due […]