Huawei building secret chip network, trade group warns
A leading association of global chip companies is warning that Huawei Technologies Co. is constructing a network of secretive chip-making facilities across China. This shadowy manufacturing network could enable the affected entities to circumvent US sanctions and further bolster the nation’s technological ambitions. Huawei, the controversial telecom equipment manufacturer at the heart of tensions between […]
Coinbase acquires a stake in stablecoin issuer Circle while discontinuing their joint venture
Cryptocurrency exchange Coinbase is acquiring a stake in Circle, the issuer of the stable cryptocurrency USDC, signaling a closer relationship between these two key players in the cryptocurrency realm. Both companies also announced the closure of the Centre Consortium, a private governance organization for USDC, citing newfound “regulatory clarity” concerning stable cryptocurrencies. “Reflecting Coinbase’s belief […]
Asian demand for LNG may turn to the United States due to a miner’s strike in Australia
The United States could soon experience heightened demand for liquefied natural gas from Asian buyers. These buyers usually source the commodity from Australia, but recent employee protests in Australia’s mining sector have disrupted operations. If the situation escalates, the demand for American LNG is likely to surge even further. The uncertainty caused by protests at […]