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TSMC suspends production of advanced AI chips for China effective Monday
TSMC has announced suspension of production of its most advanced AI chips to China effective Monday, on geopolitical tensions between the West and the East. The Taiwan Semiconductor Manufacturing Company (TSMC) notified its Chinese chip design companies of the suspension as the US continues to thwart China’s AI ambitions. TSMC to implement tight controls According […]Cryptopolitan
Nov 8, 2024
Sony’s PS5 sales drop despite growth in PlayStation network users
Sony has reported a decline in PlayStation 5 (PS5) console sales despite significant growth in PlayStation Network (PSN) monthly active users and game sales. The company’s recent financial statement shows that the gaming division of the company had a mixed performance in the first half of the fiscal year 2024. The sales of PS5 reduced […]Cryptopolitan
Nov 8, 2024
President Donald Trump asks Robert Lighthizer to run US trade policy
Donald Trump wants Robert Lighthizer back to take charge of US trade. The man who led Trump’s trade war against China during his first term is being tapped to make a return as U.S. Trade Representative (USTR). Lighthizer wanted a different role in the administration though, something more like Commerce Secretary or maybe even Treasury […]Cryptopolitan
Nov 8, 2024
Judge rules in favor of OpenAI in copyright case
A federal judge in New York dismissed a copyright lawsuit on Nov. 7 against OpenAI, the artificial intelligence company behind ChatGPT. Raw Story and AlterNet accused OpenAI of using materials from their articles without permission to train its large language model (LLM), but the judge dismissed their cases, saying that there was no proof of […]Cryptopolitan
Nov 8, 2024
BlackRock’s Bitcoin ETF is now larger than its Gold ETF
BlackRock’s iShares Bitcoin Trust (IBIT) has overtaken the iShares Gold Trust (IAU), in assets under management (AUM). BlackRock’s IBIT has garnered around $33.1 billion in AUM, overshadowing IAU, which currently holds around $32.9 billion in assets.Cryptopolitan
Nov 8, 2024
Tether makes its first oil trade in Middle East
Tether has made the funding for the first time for crude oil transactions in the Middle East. This action is part of stablecoin’s issuer’s bigger plan to expand its business in the world of commodity trading. Tether announced that the transaction was completed in October. The purpose of this transaction was to facilitate the loading […]Cryptopolitan
Nov 8, 2024
Cardano Price Prediction: Analyst Sounds Alarm Of Break Through Key Resistance, Why A Rally Could Follow
Based on chart indicators, the Cardano price has just broken through a key resistance, sparking the promise of a potential uptrend. While the cryptocurrency is gearing up for a posNewsBTC
Nov 8, 2024
Bitcoin’s leverage ratio reaches the highest level since late 2021, signals volatility ahead
Bitcoin (BTC) traded with conditions not seen since late 2021, reaching peak levels for its open interest to market cap ratio. Peak open interest creates risk of deleveraging and a drawdown.Cryptopolitan
Nov 8, 2024
Pro crypto treasury secretary could be appointed under Trump 2.0, according to Polymarket
Polymarket shows over 50% chance of Scott Bessent to be the future Treasury Secretary in Trump’s administration. Mathew Sigel, the Head of Digital Asset Research at VanEck shared Polymarket’s prediction on his X account for the new Secretary of Treasury. Scott Bessent Treasury Secretary Odds Surpass 50%! (Would be America's First Pro-Crypto Treasury Secretary) pic.twitter.com/IrJi9ckKMD […]Cryptopolitan
Nov 8, 2024
Top Web3 Events to Attend: Exclusive Networking, Pitching & Growth Opportunities – Nov 08th
Cryptopolitan brings you this month’s must-attend Web3 events, featuring exclusive opportunities for networking, fundraising, and industry insights. From intimate VC meetups to large-scale blockchain expos, these gatherings are designed to connect Web3 founders, investors, and top industry players. Don’t miss the chance to engage with leading figures, discover market trends, and explore investment opportunities at […]Cryptopolitan
Nov 8, 2024
