Xi's visit underscores China's strategic intent to maintain influence over North Korea amid shifting alliances, impacting regional power dynamics.
The post Xi Jinping visits North Korea for first meeting with Kim Jong Un in seven years appeared first on Crypto Briefing.
Datacentre off Shanghai coast uses less power and water than land-based equivalent
The world’s first wind-powered underwater datacentre has started operations off the coast of Shanghai, as China presses forwards with solutions for energy challenges created by the country’s artificial intelligence boom.
The Shanghai Lingang undersea datacentre demonstration project, which launched in May, has a capacity of 24 megawatts. It is a joint effort between HiCloud Technology and China Communications Construction, a state-owned company.
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Jiang Zhuoer, CEO of BTCTOP and one of China’s best-known Bitcoin mining figures, pushed back against fears that Strategy could become a major forced seller of BTC, arguing that the company’s balance-sheet risk remains manageable even under a severe Bitcoin drawdown. In a post on X, Jiang said he does not believe MicroStrategy, now Strategy, will “substantially net sell BTC,” pointing to a group discussion he shared on the company’s liabilities, STRC interest payments, funding structure and market concerns. The comments come as investors debate whether Strategy’s Bitcoin-backed capital markets model could come under pressure if BTC weakens further or if demand for STRC remains fragile. Bitcoin Panic Over Strategy Overblown? At the center of Jiang’s argument is the distinction between selling some Bitcoin and becoming a net seller of Bitcoin. He argued that a limited sale of older, low-cost BTC could be used to demonstrate realized investment gains, support STRC-related payments and rea
The U.S. has added Alibaba, Baidu, and BYD to a Pentagon list of Chinese companies tied to Beijing’s military. The update also names several chip, biotech, robotics, and telecom firms operating in the United States. The list does not impose…
Nvidia CEO Jensen Huang has declined a Senate Banking Committee invitation to testify about the company’s China business. Sen. Elizabeth Warren invited Huang to appear at a Thursday hearing on American AI development and technology leadership. Huang said he could…
China’s top security authority has warned developers about risks linked to AI relay services that provide access to overseas models. The Ministry of State Security said some platforms could expose user information and enable unauthorized cross-border data transfers. The warning…
China’s Supreme People’s Procuratorate published a landmark case on June 7 in which prosecutors in Qingdao successfully argued that Bitcoin qualifies as legally protected property under the country’s criminal law — sentencing a thief to nearly 11 years in prison for stealing 107 Bitcoin — in a ruling that creates a striking legal contradiction at […]
China's regulatory push for innovation-focused investments may reshape fund strategies, emphasizing long-term tech growth over speculative gains.
The post China Securities Regulatory Commission urges fund managers to support innovation, warns against speculation appeared first on Crypto Briefing.
