facebookcollapse
searchengine
robotics
virtualreality
computing
cyberwar
glitch
economics
01/27/2023
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By Arsenio Toledo
US officials to talk with Dutch counterparts about restricting exports of chip-making gear to China
Officials from the United States are meeting with counterparts from the Netherlands in Washington, D.C. on Friday, Jan. 27, to talk about putting up new restrictions on exporting semiconductor manufacturing equipment to China. The two nations could reach an agreement on mutual export bans on the same day if they can agree on the details, […]
01/07/2023
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By Arsenio Toledo
Samsung Q4 2022 profits DROP 69% due to slowing global economy and plummeting demand for semiconductors
Global electronics manufacturing giant Samsung’s operating profits dropped by 69 percent in the fourth quarter of 2022. The downturn reduced Samsung’s operating profit to $3.4 billion in the quarter that ended in Dec. 2022. The company has cited the diminished demand for electronics products and semiconductors resulting from the slowing global economy as the main […]
12/21/2022
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By Arsenio Toledo
Coming economic collapse will be used to close banks and introduce central bank digital currencies
The coming global economic collapse will come with it the quick adoption of central bank digital currencies (CBDCs) around the world This is according to Clive Thompson, former managing director at Union Bancaire Privee, a private bank and wealth management firm in Geneva, Switzerland. He warned that this coming global financial crisis will start in one country and spread […]
12/20/2022
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By Arsenio Toledo
Investors are leaving the cryptocurrency industry en masse as collapse continues
More investors are leaving the cryptocurrency industry as the values of crypto assets continue their freefall. Cryptocurrency fund asset managers saw their investors withdraw $20 billion worth of assets from the crypto industry in November. This accounts for nearly 15 percent of total crypto assets under management (AUM), bringing the collective AUM of crypto fund […]
11/29/2022
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By Belle Carter
Russia to establish a national cryptocurrency exchange
Russian legislators have been collaborating on creating a national cryptocurrency exchange, a move that was reportedly supported by the Ministry of Finance and the Central Bank of Russia. These government entities have a long history of conflict over crypto legislation in the nation, but have now come together to support the initiative. According to local […]
11/12/2022
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By Mike Adams
BREAKING: Now-collapsed FTX crypto slush fund laundered Ukraine donation money to Democrat candidates to help rig mid-terms
The FTX crypto slush fund run by now-disgraced Sam Bankman-Fried (and his MIT college buddies) laundered money for Ukraine into nearly $40 million worth of campaign donations for Democrats in the 2022 mid-term elections. Over the last year, Joe Biden and the Democrats have pushed through well over $50 billion in funding for Ukraine, using […]
09/08/2022
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By Arsenio Toledo
Russia legalizes cryptocurrencies for cross-border transactions
The Central Bank of the Russian Federation has approved a policy legalizing the use of cryptocurrencies for cross-border payments. Russian lawmakers have been historically opposed to the idea of using cryptocurrencies as a payment method. In 2020, the government passed a law that prohibited the use of cryptocurrencies for payment purposes. The central bank has […]
10/16/2021
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By Virgilio Marin
South Korea to spend $450 billion in bid to become world’s leading chipmaker
South Korea plans to spend $450 billion to build the world’s biggest chipmaking base over the next decade. This is part of an overarching plan called the “K-Semiconductor Belt Strategy” which aims to make the country the world’s leading chipmaker. With this strategy, South Korea joins the U.S., China and Europe in a global race to dominate the semiconductor industry following […]
07/01/2021
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By Franz Walker
Top Bitcoin mining rig maker suspends sales as clients flee Chinese crackdown
The world’s top bitcoin mining rig maker has suspended sales of its machines for spot delivery globally following Beijing’s crackdown on the cryptocurrency industry in the country. Bitmain Technologies is stopping sales in an effort to prop up local prices after crypto miners fleeing China have started dumping used mining rigs on the market. By postponing sales, […]
05/19/2021
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By Virgilio Marin
Chip shortage cripples car production amid high demand
The global computer chip shortage has stalled vehicle production in dozens of factories across the U.S., driving up car prices amid high demand and causing temporary layoffs. Research firm Autoforecast Solutions estimated that automakers cut the production of more than 1.2 million vehicles in North America because they couldn’t get enough microchips used for essential car components, such as safety […]
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