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How Trump's Tariffs Could Cost Gamers Billions
27.11.2024
In mid-2019, then-President Donald Trump threatened to extend existing tariffs on industrial components and other goods to popular consumer products like iPhones, laptops, and video game consoles. The big three—Microsoft, Sony, and Nintendo, long-time competitors in the gaming space—rallied...
Trade War: As Trump Threatens China With 10% Tariffs, Asian Giant Prepares Countermeasures
26.11.2024
The recent announcement of the enactment of additional tariffs for China has raised alerts about the possible measures the Asian giant can take against Trump’s actions. China has been preparing for this outcome, designing similar actions to hurt the U.S.’s products entering China....
A trade war misstep? China is vacating crypto battlefield to US banks
30.7.2021
Why is China forsaking cryptocurrencies at the same time that legacy U.S. banks, long wary of crypto, appear to be discovering its virtues?
Shark Tank’s Kevin O’Leary Will Only Buy ‘Clean’ Bitcoins — Says Institutions Will Not Buy ‘Blood Coins’ From China
6.4.2021
Kevin O’Leary, aka Mr. Wonderful, says he will only buy “clean” bitcoins that are mined sustainably in countries that use clean energy. He says institutional investors are concerned about where bitcoins are mined and will not buy “blood coins” from China. Clean...
US China Trade War Effect on Global Economy
24.12.2020
A trade war is the last thing that any country would want as it weakens the entire global economy and disrupts people’s well-being. A trade war happens when one country retaliates against another by placing restrictions, like raising import on goods imported from other countries. A trade...
$50 Billion in Cryptocurrency Left China Amid Escalating Trade Wars
24.8.2020
Over $50 billion in cryptocurrency flowed out of China over the past 12 months amid trade wars, a new study finds. East Asia is the world’s largest cryptocurrency market; its crypto trading volume is driven by “a robust professional market” as well as an “extremely...
Will Bitcoin Price Plunge Again as US-China Trade War Reignites?
19.5.2020
Bitcoin price plunged 31% the last time the U.S. imposed tariffs on China. Will this time be any different?
Trump ‘Loves’ Negative Rates and ‘Could Get Used to’ Them, Criticizes Fed at World Economic Forum, China Trade Deal
24.1.2020
U.S. President Donald Trump spoke at the World Economic Forum in Davos, Switzerland Tuesday saying the U.S. and other nations are “forced to compete … with nations that are getting negative rates, something very new.” Trump took direct shots at the U.S. Federal Reserve, claiming...
China Takes Another Step Away From USD Hegemony
1.1.2020
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro...
China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan
12.12.2019
China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. Inflation of...
Bitcoin Is a Weapon for Free Speech in the Face of Government and Corporate Censorship
15.10.2019
The latest skirmishes in the bruising trade war between the U.S. and China have led to the unlikely politicization of the NBA. But how did the views of a basketball executive become such a political football? And what does China’s ideological commitment to censorship say about the value...
NFL Could Pay a Steep Price Owing to US-China Trade War
1.10.2019
The United States-China trade war shows no signs of relenting and in a new development, the National Retail Federation has indicated that it could take a toll on fans of the National Football League (NFL). According to the findings of the National Retail Federation, NFL fans will need to pay a...
China Adds Almost 100 Tons to Its Gold Reserves
9.9.2019
The world has been in the middle of an economic downturn for most of 2019 due to a range of factors. The uncertainty with regards to interest rates and the continued United States–China trade war has brought on a lot of chaos on to the markets. Due to such chaos many investors have decided...
Trump’s Trade War May Be Driving Chinese Investors to Bitcoin
6.9.2019
As the Chinese yuan falls in value due to the trade war with the U.S., there are signs that locals are increasingly moving funds into bitcoin
US-China Trade War and Its Effect on Cryptocurrencies
31.8.2019
China vs. U.S. trade war spreads to cryptocurrencies and the control over blockchain technologies
US-China Trade War Driving Retail Investors to Bitcoin, Says EToro
30.8.2019
EToro reports correlated uptick of positions in both Bitcoin and gold against a backdrop of escalating trade tensions between the U.S. and China
Chinese Credit Card Repayment Company Samoyed Cancels US IPO Due to ‘Unfavourable Market Conditions’
17.8.2019
The raging trade war between the United States and China is something that is almost always going to be on the background of any business deals that might be taking place, which involves entities in either nation. In a new development, Chinese Fintech company Samoyed Holdings Limited has decided...
Bitcoin Price Loses $10.5K Support as US-China Trade War Tensions Cool
14.8.2019
No bearish sentiment among Bitcoin traders yet as price aims at $10k
Banking Giants JP Morgan and Goldman Sachs Caution against Chinese Stocks as Trade War Continues
13.8.2019
The continued trade war between the world’s two biggest economies, the United States and China, has proven to be the biggest economic issue in this decade. On top of that, there is still no sign that the trade war is going to be resolved any time soon, and that has made life extremely different...
Digital Yuan: Weapon in US Trade War or Attempt to Manipulate Bitcoin?
9.8.2019
Six years after beginning to research digital technologies, China has finally decided to accelerate the development of a state cryptocurrency