Month: May 2023

De-Risking or Decoupling? China- US Bilateral Trade Falls More Than 10% This Year – Economics Bitcoin News

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Analysts have criticized the new ‘de-risking’ strategy that the U.S. is currently using against China, explained by U.S. National Security Advisor Jake Sullivan in April, clarifying that national security was over economic costs. These de-risking policies might affect bilateral trade, which fell by 11.2% to $217.9 billion during the first four months of 2023. ‘De-Risking’ Is a Euphemism for Decoupling U.S. and China Relations, Analysts State Analysts are criticizing the ‘de-risking’ strategy of the US against China. The term, which was mentioned by the U.S. National Security Advisor Jake Sullivan…

Reef Labs Is Launching a $10M Accelerator Program to Empower Web3 Projects in the Middle East – Press release Bitcoin News

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press release PRESS RELEASE. Reef is thrilled to announce the launch of a $10 Million Accelerator Program for Web3 projects building on the Reef Chain, which are based out of the Middle East. The program, managed by Reef Labs, aims to support, incubate, and invest in promising Middle East-based Web3 developers, teams, and projects building on the Reef Chain. The rise of blockchain/Web3 applications in the Middle East are setting the stage for remarkable technological progress and innovation. Reef has already made a significant impact in the region by securing…

Samsung to Work with Bank of Korea for Offline CBDC Payment Using NFC

Samsung and BOK will continue to explore new ways of developing a CBDC ecosystem and leverage the NFC technology to power offline CBDC payments. The latest development in the crypto space is that South Korean tech giant Samsung Electronics has decided to work with the central bank – Bank of Korea – in order to build an ecosystem for the offline payments of the central bank digital currency (CBDC). Both players have signed a memorandum of understanding (MoU) at Samsung’s headquarters in Suwon, Gyeonggi Province. As we know, some of…

Ubisoft Partners with Integral Reality Labs to Launch Assassin’s Creed NFT Collection

Ubisoft claims that its Assassin’s Creed video game series has sold no less than 200 million copies worldwide. Despite being one of the most prominent game publishers in the Web 3.0 space as it is, Ubisoft has made yet another move. The company behind popular games such as Just Dance and Far Cry is taking its non-fungible token (NFT) play to a new dimension. Teaming up with Integral Reality Labs, Ubisoft will be creating an NFT collection centered around its popular action series, Assassin’s Creed. According to reports, the collection,…

US Regulatory Crackdown Pushing Crypto Firms to Bermuda

With crypto giant Coinbase seeking a license to operate in Bermuda, the country’s crypto market is buzzing with activity of more US firms showing interest. The tighter regulatory action and crackdown in the US have recently forced crypto companies operating in the country to shit their base to the crypto-friendly nation of Bermuda. The friendlier crypto framework of Bermuda has already attracted several firms from the US. It’s not at all unusual for crypto firms to pick overseas destinations to establish base due to friendlier rules. Previously, top players like…

US-based Crypto Companies Threaten to Move Businesses Abroad due to Unfavorable SEC Regulation

A growing number of US-based crypto companies are considering leaving the country due to increasingly harsh SEC crackdowns. Following a harsh crackdown by the Securities and Exchange Commission (SEC) in the US, several crypto companies threatened to leave the country. On Sunday, reports stated that these US-based crypto players are testing their lobbying power limits with the bold threats issued. CNBC described the crypto-regulatory standoff as a ‘poker game’, in which the firms hope to force the SEC to accept their demands. Executives at crypto companies like Coinbase (NASDAQ: COIN) and Ripple oppose increasing SEC pressure to…

Amazon implements AI to enhance logistics and delivery speeds

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Amazon is prioritizing using artificial intelligence (AI) to enhance delivery speed by reducing the distance between products and customers. Speaking to CNBC on May 15, Stefano Perego, vice president of customer fulfillment and global operations services for North America and Europe at Amazon, said that artificial intelligence plays a role in various aspects of Amazon’s operations. This includes using AI for transportation, such as mapping and route planning, and considering factors like weather conditions. Additionally, AI assists customers in finding the desired products when searching on Amazon. Currently, Amazon is…