In an email sent to the then U.S.- Treasury Secretary Steven Mnuchin in 2018, former President Donald Trump’s son-in-law Jared Kushner showed interest in the possibility of releasing a federal cryptocurrency. According to the Freedom of Information Act request by CoinDesk, Kushner was studying the possibility of having a group of experts “brainstorm” to the right governmental parties the […]
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After COVID-19 pandemic took over, the world was never the same, and the same goes for the existential dilemma the world is facing when it comes to greenhouse gas emissions; despite President Joe Biden’s climate pledges, the U.S. is drifting from reaching its climate goals. A preliminary analysis by research firm, Rhodium Group, uncovered that the world’s largest […]
The United States and Japan on Friday voiced strong concern about China’s growing might and pledged to work together to push back against attempts to destabilize the region, including against emerging defense threats. The comments from the two allies, in a joint statement that followed a virtual “two-plus-two” meeting of their foreign and defence ministers, […]
One of the many things the Log4j ransomware attack showcased is that U.S.-based businesses and governmental entities have been heavily affected by cyberattacks, such as ransomware, data breaches, and distributed denial-of-service (DDoS), according to CNBC. “I think more people are taking advantage of the United States – and our openness and our true global workforce – […]
A week after removing its listing from Hong Kong Stock Exchange, Chinese Artificial Intelligence (AI) startup, SenseTime Group, relaunched its $767 million initial public offering (IPO) on Monday. The company pulled out its offering amidst escalating geopolitical tension between China and the U.S. after Washington accused the firm of creating facial recognition tools to identify […]
U.S. military officers in the Pacific region developed a software tool to accurately forecast Beijing’s responses towards Washington’s plans in the Indo-Pacific province, including military activity supported by the U.S. During her visit to the United States Indo-Pacific Command in Huawei on Tuesday, Deputy Secretary of Defense Kathleen Hicks was informed of the latest military […]
In a Financial Times report released on Wednesday, the U.S. publicized intentions of intensifying its grip on Chinese firms by expanding its blacklist to include commercial drone maker DJI as well as several biotech firms. The report caused shares of Chinese healthcare and technology firms to drop as investors shudder with worry from the news’ […]
Chinese companies will have to disclose more information about audits and whether they are controlled by a government or else leave U.S. stock markets under a rule approved by securities regulators. The rule approved Thursday by the Securities and Exchange Commission steps up a long-running standoff between Washington and Beijing over how much information companies […]
U.S. regulators uncovered their future plan to address the rise of cryptocurrency for the upcoming year, with focus directed at the “greater clarity” concerning the legality of decentralized transactions, reported by Bloomberg. The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) unveiled their future scheme to address […]
As U.S. pressure intensifies on Chinese tech firms, the Commerce Department blacklisted Wednesday a new list of Chinese firms under the pretense of direct affiliation with the Communist Party Apparatus. Officials have taken these measures as a plan to halt rising American technologies from being implemented for quantum computing purposes, given it would aid the […]