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The post EU targets Russian LNG and crypto in new sanctions package appeared on BitcoinEthereumNews.com. Key Takeaways The EU has implemented its 19th sanctions package against Russia, intensifying economic restrictions. A complete ban on Russian LNG imports into the EU has been introduced, with termination of short-term contracts within six months and the end of long-term contracts by January 1, 2027. The European Union announced its 19th sanctions package against Russia today, introducing a complete ban on Russian LNG imports and expanded restrictions on crypto platforms and banking services. The package phases out long-term LNG contracts earlier than previously planned while ending short-term contracts within six months. The measures also prohibit transactions with additional Russian banks and crypto providers, alongside banning Russia’s national payment system within the EU. The EU coordinated the sanctions with the US, including accelerated rejection of Russian energy supplies and expanded blacklisting of shadow fleet vessels. The restrictions target Russian entities like Rosneft and specific payment networks to limit transaction capabilities in EU markets. The measures aim to curb Russia’s ability to evade existing financial restrictions through digital asset services and alternative payment systems. The sanctions package expands the EU’s ongoing efforts to pressure Russia’s economy over its actions in Ukraine. Source: https://cryptobriefing.com/eu-russian-lng-crypto-sanctions-package-2024/

The post Why This Crypto Analyst Now Believes XRP Price At $21 Is No Longer A Dream appeared on BitcoinEthereumNews.com. Why This Crypto Analyst Now Believes XRP Price At $21 Is No Longer A Dream | Bitcoinist.com Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/xrp-price-at-21-is-a-dream/

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…