Graphic Processing Units in China have plunged below their lowest levels today. The drawdowns come amid the merge of Ethereum, which is said to have been the effect of the drop. The Most Dominant GPU...
Tag: China
What is required to travel to Hong Kong? Many, many tests
Travelers headed to Hong Kong no longer need to quarantine in a hotel upon arrival. But they will have to submit to a barrage of Covid tests. They can go to work, take public transportation and go to ...
Mainland Rebounds On Zero COVID Dial Back, Healthcare Equipment Loans Raise Sector
China Last Night KraneShares Key News The US dollar’s parabolic rise has taken a breather, allowing some Asian markets to recover overnight. Mainland China rallied on explicit policy support for equit...
Tesla Stock Jumps On Report of Very High Volume In Q3 Deliveries
Tesla (TSLA) shares moved higher Tuesday following a report suggesting executives are preparing for a ‘high volume’ of last minute deliveries that could close out a record quarter for th...
Russia Plans to Use Digital Rouble In Settlements with China, Says Lawmaker
A senior Russian lawmaker disclosed on Monday that Russia plans to use the CBDC in mutual settlements with China after the country launches a digital rouble early next year, as it seeks to reduce the ...
China Business Risks Likely To Keep Rising After Party Congress, Scholar Says
Chinese President Xi Jinping, left, and Russian President Vladimir Putin, walk to attend the … [+] Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan, earlier this month. (S...
Mining GPU Prices in China Plummets Post ETH Merge
Altcoin News Prices for Nvidia GeForce GPUs have dropped dramatically. GPU’s price plummeted from 8,000 yuan to 5,000 yuan. Graphics processing units (GPUs), often used for mining cryptocurrencies lik...
Is Wynn Resorts a ‘buy’ as Macau reopens for China?
Wynn Resorts Limited (NASDAQ: WYNN) ended more than 10% up on Monday after Macau said tour groups from mainland China will be allowed to visit the gambling hub starting from November. Jefferies’ David...
Ethereum Merge impacted this sector the most in China
Since graphics cards can no longer be used to mine a cryptocurrency, Ethereum’s long-awaited switch to proof-of-stake has had an even greater impact on the industry. Following the Ethereum Merge earli...
U.S. Tax Law’s Retrograde Treatment Of R&D Is A Threat To National Security
In February of 2020, long before he was chosen to be the next National Security Advisor by president-elect Joe Biden, Jake Sullivan co-authored an essay in Foreign Policy about the nexus between econo...
China Reports GPU Price Fall To All-Time Low Post Ethereum Merge
The successful Ethereum upgrade to proof-of-stake consensus is receiving more backlashes from the market. Therefore, the Ethereum upgrade should produce only positive feedback, but where there are mer...
China’s Economy ‘Dismal,’ Will See No Growth, New Report
In this handout photo released by Uzbekistan Foreign Ministry, Chinese President Xi Jinping attends … [+] the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan, Friday, Sep...
Travel Plays Fly On Hong Kong & Macau Reopening, PBOC Pumps Brakes On CNY Depreciation
China Last Night KraneShares Key News Asian equities were off with an emphasis on growth stocks except for Hong Kong, as internet stocks outperformed. Hong Kong finally saw some positive catalysts as ...
What Kroger, Walmart, Target learned from China about grocery’s future
Now going on 140 years in business, Cincinnati-based Kroger sped up its push into digital retailing during the pandemic, and grocery store chain isn’t looking back. Kroger has adopted an o...
Singapore’s Temasek leads investment in Chinese start-up Well-Link
In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact. Ina Fassb...
China GPU prices drop to new lows after the Ethereum Merge
As the Ethereum network’s move to a proof-of-stake (PoS) consensus mechanism drives adoption from institutional investors, the prices for graphics processing units (GPUs), often used for mining crypto...
China arrests 93 people suspected of laundering 40B RMB via crypto
China’s Hengyang County Public Security Bureau arrested 93 suspects involved in laundering 40 billion RMB via cryptocurrencies, local media reported on Sept. 25. According to the report, the criminal ...
Graphics Card Prices Tank in China Weeks After Ethereum Merge
Ethereum’s long-awaited transition to proof-of-stake has further impacted graphics card markets since they can no longer be used to mine the asset. Prices for graphics processing units (GPUs) have fal...
GPU Prices in China Drop To Their Lowest Levels in History After The Ethereum Merge
The Merge changed Ethereum’s protocol consensus from PoW to a more eco-friendly PoS. However, it caused some collateral damage along the way. For example, it is hurting GPU companies that were making ...
Fishers Or Farmers? What Your Ancestors Did Has A Surprising Influence On Your Wealth.
Women working potato fields in 1942. Where men and women worked fields together, cultures evolved … [+] that valued female labor force participation. Their descendants are wealthier today than t...
Hong Kong Shares Hit 11-Year Low. Alibaba and Tencent Lead Decline.
Text size Hong Kong’s Hang Seng index fell more than 3% on the week to reach its lowest level since October 2011. Bloomberg Hong Kong stocks ended a bleak week down more than 1% Friday, pushing ...
China Accounts For 84% of All Blockchain Patent Applications
President Xi Jinping has helped spread the word about blockchain technology. A timeline for when these patent applications were submitted was not included in the data. The most recent statistics relea...
Alibaba Pours $1 Billion Into Cloud Computing. The Move Is Critical for Its Growth.
Text size Alibaba stock has tumbled since early 2021 amid waves of regulatory pressures. Greg Baker/AFP via Getty Images Alibaba will invest $1 billion into its cloud computing division, doubling down...
Hong Kong Billionaire’s K. Wah Wins Shanghai Real Estate Bid, Sees “Excellent” Opportunity
Shanghai’s economy has been hurt this year by fallout from the country’s “zero-Covid” policies. … [+] Photographer: Qilai Shen/Bloomberg © 2022 Bloomberg Finance LP Hong ...
China accounts for 84% of all blockchain patent applications, but there’s a catch
China accounts for 84% of all blockchain applications filed worldwide, according to the latest data shared by the country’s government official. China has steered clear of the cryptocurrency market. H...
‘Jurassic World Dominion’ Passes $1 Billion Worldwide
(from left) Dr. Ian Malcolm (Jeff Goldblum), Dr. Alan Grant (Sam Neill), Dr. Ellie Sattler (Laura Dern), Claire Dearing (Bryce Dallas Howard), Owen Grady (Chris Pratt), Maisie Lockwood (Isabella Sermo...
US Dollar Weighs On Global Risk Assets, Hong Kong Opens To Visitors, Week In Review
China Last Night KraneShares Week in Review The Public Company Accounting Oversight Board (PCAOB) began the process of reviewing the audit books of US-listed Chinese companies on Monday by meeting wit...
India And China Finally Voicing Concerns Over Russia’s Actions In Ukraine
Topline India and China raised concerns about the impact of Russia’s ongoing invasion of Ukraine—emphasizing the violation of international law and territorial integrity—at a meeting of the UN Securit...
Global Economy Headed Into Recession
Looking at the world economy getty The global economic outlook is deteriorating due to inflation-fighting efforts by central banks, the war between Russia and Ukraine, and China’s prioritization of po...