China

Super Micro co-founder arrested over alleged $2.5B AI chip smuggling scheme

Super Micro co-founder Charles Liang was arrested for allegedly being involved in a $2.5 billion scheme to smuggle AI chips from the U.S. to China. The indictment claims that Liang and others conspired to evade export controls by mislabeling shipments and using third-party companies to disguise the true destination of the chips. The investigation revealed that the smuggled chips were intended for military applications in China. Liang faces multiple charges, including conspiracy and fraud, and could face significant prison time if convicted. The case highlights ongoing concerns about technology transfer and national security related to advanced semiconductor technology.

Read the full article: Coin Telegraph

Riot posts $167M in Q1 revenue as data center arm pulls in $33M in first quarter

Riot Blockchain reported $167 million in revenue for the first quarter of 2023, driven primarily by its cryptocurrency mining operations. The company's data center segment contributed $33 million to this total. Despite the overall revenue growth, Riot faced challenges with rising energy costs and regulatory pressures. The firm

A16z sides with CFTC against states seeking to ban prediction markets

A16z, a prominent venture capital firm, has expressed support for the Commodity Futures Trading Commission (CFTC) in its efforts to regulate prediction markets, opposing various states that are attempting to impose bans on these platforms. The firm argues that prediction markets can foster innovation and provide valuable insights into future

Here’s what happened in crypto today

On October 18, 2023, Bitcoin experienced a significant price surge, reaching a new high of $35,000, driven by increased institutional interest and positive market sentiment. Ethereum also saw gains, climbing to $2,500, as developers announced upcoming upgrades aimed at improving scalability. Meanwhile, regulatory discussions intensified in the U.

Bitcoin's 'hazardous' airdrop: Why developers are warning against Paul Sztorc’s eCash fork

Developers are cautioning against the eCash fork proposed by Paul Sztorc, labeling it as a "hazardous" airdrop. The concerns stem from potential security vulnerabilities and the risk of misleading investors, as the airdrop could confuse users about the legitimacy of the new token. Critics argue that the project

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Riot posts $167M in Q1 revenue as data center arm pulls in $33M in first quarter

A16z sides with CFTC against states seeking to ban prediction markets

Here’s what happened in crypto today

Bitcoin's 'hazardous' airdrop: Why developers are warning against Paul Sztorc’s eCash fork