Why is there a shortage of auto computer chips?

The COVID-19 pandemic is the main cause of the chip shortage. When automakers shut down factories last year—both to keep workers safe and to confront a steep drop in demand for new cars—they canceled orders for semiconductors.

Why are we running out of semiconductors?

The world is in the grips of a global chip shortage because of demand for semiconductors surging far beyond capacity for supply. The shortage is crippling players in industries as diverse and far afield as automotives and smartphones—though carmakers have it the worst.

Why is China so afraid of cryptocurrencies?

It is afraid of the individual liberties cryptocurrencies represent: the idea of a check and balance on overwrought incumbents, whether they are centralized corporations or states. The tenets that blockchain represents are those that appeal to China’s politicians, from Xi onwards: control, end-to-end tracking, and digitization.

Will China’s New Yuan token encourage cryptocurrency?

The Chinese yuan accounted for 71\% of all Bitcoin trades in 2014. In 2017, the Chinese government banned the trade of all decentralized cryptos in the region. Now, it plans to launch its own token to encourage digitization and international use of the yuan.

Why is China embracing blockchain while restricting cryptocurrencies?

The Chinese state has chosen to embrace blockchain while trying to limit cryptocurrencies as much as possible, with state regulators seeking to make sure the average Chinese citizen has no access to cryptocurrencies.

Is China about to ride the cryptocurrency wave again?

While it was one of the biggest forces in the industry at one point, Chinese investors have almost all but pulled out in 2020. Now, the Chinese government is planning to ride the wave once again with its own cryptocurrency offering, which is set to launch sometime next year.