Local governments in China are trying to find ways to sell seized cryptocurrencies, despite the country’s ban on crypto trading. The lack of clear guidelines for managing these assets has created inconsistent practices, raising concerns about potential corruption. Reports indicate that local authorities are partnering with private companies to sell around 15,000 Bitcoins, worth approximately ...
Alexandr Wang, the youngest self-made billionaire and CEO of Scale AI, is raising alarms about the U.S. potentially falling behind in the global AI race. He highlights China’s aggressive push to lead in AI by 2030, where the government is integrating AI across all sectors, including military operations. Wang warns that if China succeeds, it ...
According to Arthur Hayes, the founder of BitMEX, China’s response to the U.S. trade tariffs could lead to wealthy individuals moving their money into Bitcoin and other cryptocurrencies. He believes that if the Chinese central bank devalues the yuan, it could prompt a significant capital flight into Bitcoin, similar to what happened in previous years. ...
In recent developments, China’s advancements in artificial intelligence have sparked excitement, with claims of creating the world’s first autonomous AI agents. Meanwhile, Amazon has secured exclusive streaming rights to the reality series “The Apprentice,” adding a notable title to Prime Video. IBM’s CEO highlighted the potential of quantum computing to revolutionize various industries, while Chinese ...
Russia is increasingly using cryptocurrencies for oil transactions with China and India to bypass Western sanctions, according to Reuters. Although this approach currently accounts for a small portion of Russia’s $192 billion annual oil trade, its use is on the rise. Chinese and Indian buyers pay intermediary firms in local currencies, which are converted into ...
China recently launched Manus, a new artificial intelligence agent that claims to outperform OpenAI’s tools. Developed by Monica.im, Manus goes beyond typical AI assistants by planning and executing complex tasks independently. It achieved high scores on the GAIA benchmark, showcasing its advanced capabilities in various tasks like travel planning, stock analysis, and content creation. After ...
A new Chinese artificial intelligence agent named Manus is making waves in the AI community for its remarkable ability to tackle complex, real-world tasks. Developed by a discreet team and supported by Chinese investors, Manus is currently available via invitation-only access. A demonstration video highlights its capability to create customized websites in a step-by-step manner. ...
China is reportedly intensifying efforts to create a strategic Bitcoin reserve as the US navigates new cryptocurrency regulations. This initiative coincides with the Chinese government’s past sale of 194,000 Bitcoin that were seized from the PlusToken scam, highlighting a complex approach to digital currencies. Despite maintaining a ban on domestic crypto trading since 2021, Beijing’s ...
China is reportedly fast-tracking its efforts to form a strategic Bitcoin reserve in response to changing cryptocurrency regulations in the US. The country had previously maintained a ban on domestic cryptocurrency trading and mining since 2021, but now aims to utilize Bitcoin as a decentralized asset. There are claims that China sold 194,000 Bitcoin that ...
On February 27, 2025, a significant article explores the use of cryptocurrencies in China, particularly how it facilitates the movement of billions in and out of the country. The story highlights the recent arrest of Li Bi in Shandong province, suspected of running an underground banking operation. Authorities discovered she was connected to over 17 ...
