<\/p>\n
Nokia\u2019s new CEO warns the West cannot afford a self\u2011inflicted tech cold war as EU curbs on Chinese 5G collide with the borderless reality priced daily by Bitcoin and Ethereum.<\/p>\n
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Nokia\u2019s new chief executive Justin Hotard has delivered<\/a> an unambiguous warning to politicians on both sides of the Atlantic: the West cannot afford a tech cold war with itself. \u201cEvery single one of us cannot subsist on one continent or the other. We need both,\u201d he told Reuters, arguing that in a sector where \u201cthe right to win is dictated by that technology cycle, it\u2019s really critical that you have as big a market access as possible.\u201d<\/a><\/p>\n Hotard\u2019s intervention lands as Brussels moves to harden its networks against so\u2011called \u201chigh\u2011risk vendors.\u201d Earlier this month, the European Commission proposed revisions to the EU Cybersecurity Act that would force operators to phase out equipment from designated high\u2011risk suppliers\u2014shorthand for Chinese groups like Huawei and ZTE\u2014within 36 months. EU technology chief Henna Virkkunen hailed the plan as \u201ca significant advancement in securing our European technological independence.\u201d<\/p>\n <\/p>\n Nokia and Sweden\u2019s Ericsson have positioned themselves as the West\u2019s default vendors in 5G and future 6G networks after the U.S. banned Chinese suppliers on national security grounds, leaving American carriers reliant on Nokia, Ericsson and Samsung. Yet, as Hotard notes, \u201cevery single one in Europe and the U.S. that is of scale is dependent on the European and U.S. market for scale. If you just do the analysis, there\u2019s a significant codependence.\u201d Huawei, for its part, complains the EU\u2019s approach \u201cviolates the EU\u2019s basic legal principles of fairness, non-discrimination, and proportionality.\u201d<\/a><\/p>\n The debate over tech sovereignty is playing out against a market backdrop where borderless digital assets quietly price geopolitical risk in real time. Bitcoin (BTC) is hovering around $88,235, with a 24\u2011hour high near $90,476 and a low near $87,549, on roughly $32.8B in trading volume. Ethereum (ETH) changes hands close to $2,943\u2013$2,953, with about $23.4B moving over the last day. Solana (SOL) trades near $192, up about 2.7% in 24 hours, with volume just under $9.8B.<\/a><\/p>\n As Brussels and Washington debate who gets to build and secure the backbone of the next internet, permissionless networks offer an uncomfortable counter\u2011example: systems where value and data flow irrespective of geography, and where any attempt at hard decoupling is instantly arbitraged. For investors, that tension between managed fragmentation and open networks is quickly becoming a core macro theme.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Nokia\u2019s new CEO warns the West cannot afford a self\u2011inflicted tech cold war as EU curbs on Chinese 5G collide with the borderless reality priced daily by Bitcoin and Ethereum.…<\/p>\n","protected":false},"author":1,"featured_media":5524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20897"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20897\/revisions"}],"predecessor-version":[{"id":20898,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20897\/revisions\/20898"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5524"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Europe\u2019s Security Push Meets Market Reality<\/h2>\n
Crypto Benchmarks In A Fragmenting World<\/h2>\n