China biggest cryptocurrency mining machines Bitmain suspends sales

In a statement China’s biggest maker of cryptocurrency mining machines Bitmain said, it had suspended sales of its products in the spot market to help ease selling pressure. The development comes after Beijing imposed a ban on mining bitcoins. Bitmain said, it is looking for “quality” power supplies abroad and is looking for foreign clients…

Tesla to suspend production at California & NY factory to curb spread of Wuhan coronavirus

In a statement Tesla Inc said, starting from March 24 it will suspend production at its California vehicle factory so as to comply with local orders aimed at curbing the spread of coronavirus. Tesla’s New York factory will also temporarily suspend production, while operations at its Nevada plant will continue. “Despite taking all known health…

Huawei and ZTE being methodically sliced from U.S. telecommunication networks

A group of 15 U.S. senators from both the Republican and the Democratic party have written a letter to the U.S. Commerce Department urging it to suspend issuing licenses to U.S. firms that conduct business with China’s Huawei Technologies Co, citing threats to U.S. national security. The letter also urges the Trump, administration to halt…