Sunday, February 23, 2025

Biden Orders Sale of Land Near U.S. Base Owned by Chinese Crypto Company

AP Newsis

On May 13th (GMT), President Joe Biden of the United States issued a land sale order for a Chinese cryptocurrency mining company’s land near a U.S. military base in Wyoming.

The reason is the presence of a U.S. nuclear missile base near the location of Mine One Partners‘ servers. This Chinese cryptocurrency mining company uses these servers for cryptocurrency mining.

According to Financial Times (FT), President Biden ordered Mine One Partners and its partners to sell the land near Warren Air Force Base within 120 days.

Warren Air Force Base is one of the places where the United States’ intercontinental nuclear missiles are stored.

The White House revealed that this cryptocurrency mining company is a British Virgin Islands company with Chinese people as major shareholders. They made their nest here without notifying the U.S. government of sensitive transaction details, explained the White House.

Biden described Mine One Partners as a specialized place for cryptocurrency mining that could potentially threaten national security with foreign source technology.

He emphasized, “The presence of foreign-owned real estate near a strategic missile base and a core element of the US nuclear triad, and the presence of foreign-made equipment that could be used for surveillance and spying activities, are threats to national security.”

Since former President Donald Trump, the United States has been taking various measures, claiming that China is threatening U.S. security.

The U.S. recently decided to ban TikTok if ByteDance of China does not sell its U.S. business rights.

Hot this week

Japan Marks 30 Years Since Tokyo Subway Sarin Attack with New Website to Educate Youth

Japan plans a website to mark the 30th anniversary of the Aum Shinrikyo sarin attack, educating youth about its impact and legacy.

Meta Shares Plunge, Ending Record-Setting 17-Day Run

Meta Platforms' stock fell sharply, ending a 20-day winning streak and erasing recent gains amid profit-taking and market decline.

S&P 500 Hits New High, But Tech Giants Face Struggles in the Market

The NYSE saw a broad rally with the S&P 500 reaching a new high, while M7 tech stocks struggled, notably Meta's decline.

Why Using Cotton Swabs in Your Ears is Dangerous, According to Health Experts

Experts warn against using cotton swabs to clean ears, as it can worsen earwax buildup and potentially lead to tinnitus.

Trump Media Group Posts Losses as Truth Social Faces Declining Revenue

TMTG, Trump's media company, reported losses despite stock rise; Truth Social's revenue fell, citing legal costs and ad agreement changes.

Topics

Japan Marks 30 Years Since Tokyo Subway Sarin Attack with New Website to Educate Youth

Japan plans a website to mark the 30th anniversary of the Aum Shinrikyo sarin attack, educating youth about its impact and legacy.

Meta Shares Plunge, Ending Record-Setting 17-Day Run

Meta Platforms' stock fell sharply, ending a 20-day winning streak and erasing recent gains amid profit-taking and market decline.

S&P 500 Hits New High, But Tech Giants Face Struggles in the Market

The NYSE saw a broad rally with the S&P 500 reaching a new high, while M7 tech stocks struggled, notably Meta's decline.

Why Using Cotton Swabs in Your Ears is Dangerous, According to Health Experts

Experts warn against using cotton swabs to clean ears, as it can worsen earwax buildup and potentially lead to tinnitus.

Trump Media Group Posts Losses as Truth Social Faces Declining Revenue

TMTG, Trump's media company, reported losses despite stock rise; Truth Social's revenue fell, citing legal costs and ad agreement changes.

Fed’s Waller Downplays Inflation Risks from Trump Tariffs, Dismisses Rate Cut Concerns

Waller downplays tariff inflation risks, suggesting limited impact on Fed policy as rates remain stable amid economic growth.

Sleeping in Dirty Socks? Study Reveals It’s Worse Than You Think

Wearing dirty socks to bed can harm health; clean socks improve sleep quality and hygiene practices are recommended.

Egg Prices Skyrocket as U.S. Faces Backlash Over Avian Flu Response Cuts

Avian influenza causes egg prices to soar in the U.S., while the Trump administration faces backlash for layoffs in response personnel.

Related Articles