#Huawei profits double due to Chinese chip production

Huawei Technologies Co.'s profit more than doubled during the quarter it revealed its biggest achievement in chip #technology , a sign that the Chinese tech leader is stabilizing its business hurt by #US #sanctions .

The Shenzhen-based company reported a 118% rise in net profit to 26.4 billion yuan ($3.6 billion) in the September quarter and a slight rise in sales to 145.7 billion #yuan .

Those figures include the first sales of the hugely popular Mate 60 Pro smartphone, which began shipping in late August.

The gadget sold out almost instantly, fueling hopes that it could revive Huawei's fortunes and possibly cut into Apple Inc.'s lead in China, given signs of a disappointing debut for the iPhone 15.

🔴 Reason $BTC didn't Increase As Expected 🔴

The Reason is Down ⬇️

To be honest, I woke up expecting to see the profile green but came to know the reason on why BTC didn't rise as expected in the Charts 🤷🏻‍♂️

🔴 Yesterday I stated that we might have 1 more Dump before the big pump for one reason only.

So The Surprise came that the SEC decided to sanction Coinbase for getting involved in what they say trading Securities 🔥

This heavily drove fear into the BTC ETF trading resulting in slowing down the BTC thus our Alt Coins faced a slight pause in Prices 📉

I will cover for you the SEC vs Coinbase expectations in another post.

For now be careful and hold your trades to get the full picture of what is happening to the market🔥

Follow & Like for MORE Exclusive News🥂

All the Best💰

#BTC #Coinbase #sanctions #trendingtopics

A spokesperson confirmed that Binance continues to serve a “limited number of existing Russian users”

The cryptocurrency exchange Binance continues to serve a ‘limited number of users’ from Russia, even after its withdrawal from the market. This is reported by Cointelegraph, citing its sources. 
“We continue to serve a limited number of existing Russian users to ensure their digital assets remain safe and secure,” the source said. 
A Binance spokesperson stressed that the crypto exchange remains its highest priority,”’ and its goal is to establish “industry-leading compliance programs that cooperate effectively with law enforcement worldwide.”
It is worth noting that this statement coincided with a year since Binance’s complete withdrawal from the Russian market. While some crypto exchanges, such as Bithumb, WhiteBIT, Korbit, and others, have blocked the accounts of Russian users since the beginning of the full-scale invasion, Binance continued to work with Russians for two years.
After that, in September 2023, they announced their withdrawal from the market, transferring their rights to the newly created CommEx exchange. However, in March 2024, CommEX announced its closure. The exchange ceased operations in the following weeks.
#Binance #sanctions #Write2Earn! #HMSTRonBinance

Russia Goes Crypto ₿: A New Chapter in Trade

The country is set to shake up the global financial landscape 🌍!

A groundbreaking bill allowing businesses to use cryptocurrencies 💰 for international trade 🤝 starts in September. This bold move aims to bypass Western sanctions 🚫 and smooth trade with key partners like China 🇨🇳, India 🇮🇳, and the UAE.

While domestic crypto payments remain banned, the central bank is gearing up for an "experimental" crypto payment infrastructure 🚀, with the first transactions expected by year-end.

This development is a game-changer, signaling a potential shift in global finance.

#russiacrypto  #cryptocurrency  #crypto  #Blockchain  #sanctions