2020-8-10 20:00 |
With more chips produced outside of Asia and more countries offering cheaper power, China’s mining dominance may not last said Jameson Lopp. origin »
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Ever since China’s DeepSeek made headlines by emerging as a potential challenge to the US’s AI dominance, malicious crypto tokens using the “DeepSeek” name have surged to cash in on the AI platform’s popularity.
Chinese AI startup DeepSeek raised concerns as its overnight rise to prominence highlighted potential risks to American artificial intelligence and economic dominance. U.S. equity markets and cryptocurrencies traded sharply lower on Monday, with Bitcoin (BTC) falling below the $100,000 mark…
Risk assets slump, including Bitcoin, as China’s new AI startup threatens U.S. leadership, leaving analysts to speculate on Trump’s next aggressive move. Bitcoin’s (BTC) price under pressure again, dipping below $100k, as China‘s latest AI powerhouse, Deepseek, shakes up global…
AI cryptocurrencies endured a bloodbath on Monday, plunging by double-digits on their daily charts as Bitcoin dropped below $100,000. The market capitalization of all AI tokens crashed by 13. 7% in the past 24 hours to $35.
China has rolled out new regulations to identify and control risky foreign exchange activities, including those involving cryptocurrencies, the South China Morning Post reported. According to the report, China’s State Administration of Foreign Exchange recently directed banks to monitor and report suspicious transactions tied to cross-border gambling, underground financial networks, and unauthorized crypto dealings.
When the world's second-largest economy sneezes, global markets pay attention. China, facing a deflating property bubble, is on the brink of implementing a massive monetary stimulus that will boost risk assets