#government

Since early July, the German government has liquidated half of its Bitcoin holdings, amounting to about $1.5 billion. This massive sell-off introduced significant downward pressure on the cryptocurrency market.

The African Development Bank (AfDB) and Intel Corporation have initiated a joint program aimed at equipping Africans with artificial intelligence skills. The project is set to provide relevant knowledge to at least 3 million ordinary citizens and approximately 30,000 government officials.

The Chinese government has launched a specialized investment fund dedicated to supporting local development and manufacturing of chips, including those designed for artificial intelligence. Since its official establishment on May 24, the fund has attracted over $47.5 billion in investments.

A group of Chinese investors victimized by a fraudulent scheme has appealed to their government for assistance in reclaiming funds discovered in the UK.

Law enforcement repeatedly demanded that Google provide detailed information about viewers of specific YouTube videos. The requests sought addresses, phone numbers, IP addresses, and other private details of users.

The Biden administration has officially announced direct government investments into Intel, aimed at bolstering chip manufacturing in the United States. This initiative is set to reinstate America's dominance in the semiconductor industry and enhance its standing in the field of artificial intelligence, with the investment totaling up to $8.5 billion.

The Italian government intends to tighten control over the cryptocurrency market, including imposing hefty fines of up to €5 million for insider trading and asset manipulation. The proposed decree is pending approval from the Council of Ministers.

Senator Mike Lee has proposed a bill called the "Abolish Act," which seeks to dismantle the Federal Reserve System as a government entity. This legislation also aims to repeal the foundational Federal Reserve Act of 1913, which established the Fed.

A vulnerability in WhatsApp Messenger allows fraudulent groups or government organizations to track who users are messaging and their approximate locations, though the messages themselves remain encrypted. This was disclosed by developers in an internal security report.

TSMC's U.S. operations are set to receive a $6.6 billion grant for constructing facilities in Arizona, along with an additional $5 billion in low-interest government loans. The company aims to launch the production of 2-nanometer technology chips by 2028.

The European Securities and Markets Authority (ESMA) has published its first final report on the regulatory framework for the crypto market under the Markets in Crypto-Assets Regulation (MiCA). This document presents ESMA's recommendations regarding the criteria for the proper registration of crypto service providers and the procedure for handling complaints. The report has now been submitted to the European Commission, with ESMA set to assist the government in implementing these recommendations as a consultant.

The Chinese government is set to replace Intel and AMD processors with local innovations and ban the use of Microsoft's Windows operating system in state enterprises. The prohibition extends to all foreign database management software as well.

The Chinese government is scrutinizing PricewaterhouseCoopers (PwC), the audit firm implicated in a significant fraud case with the Evergrande Group, involving around $78 billion. Chinese officials have reached out to PwC accountants who audited the construction giant, seeking more insights.

Cryptocurrency magnates are tapping into their vast resources to sway the upcoming US government towards a more crypto-friendly direction.