Bubble, Ponzi, tulip and trouble have been among the words used by crypto-critics over the past year as bitcoin powered from under $1,000 and passed the much talked about $10,000 marker. Despite being talked down by some major financial names, not least JPMorgan CEO Jamie Dimon, it looks like cryptocurrencies could be here to stay. […]
Read moreChina’s Foreign Ministry has expressed what it called “grave concern and opposition” to North Korea’s latest missile launch in an unusual rebuke of its neighbor and ally. Ministry spokesman Geng Shuang said the country hoped “all parties would act cautiously to preserve peace and stability,” Reuters reported on Wednesday morning. The ministry’s spokesman added that […]
Read moreThe London Stock Exchange said its chief executive Xavier Rolet has stepped down and will be replaced by David Warren, chief financial officer, on an interim basis. The exchange also said that its chairman Donald Brydon has indicated he will not stand for re-election at the annual general meeting in 2019. Rolet had already announced […]
Read moreCurrency, United States Finance
European markets seen mixed after North Korea missile launch; bitcoin surpasses $10,000
European bourses are seen opening mixed on Wednesday morning amid renewed concerns over North Korea’s latest missile launch, while bitcoin surged past $10,000 for the first time. The FTSE 100 is set to open 30 points lower at 7,432; while the DAX is expected to start up by 53 points at 13,113 and the CAC […]
Read moreBitcoin saw a massive, sudden spike just after it broke through a closely watched milestone Tuesday night. The cryptocurrency traded at an all-time high of $10,819.56 at 12:33 a.m. ET, according to industry site CoinDesk. That represented a more than 10 percent jump from its price around $9,830 just 24 hours earlier. In fact, much […]
Read moreUber’s quarterly adjusted losses widened to $743 million, up 14 percent from the previous quarter, the Financial Times reported on Tuesday. The ride-hailing company’s third-quarter net revenue stood at $2 billion, up 14 percent from the previous quarter, the FT reported citing new documents sent to shareholders. Uber’s quarterly gross bookings were $9.7 billion, the […]
Read moreAs digital video consumption continues to increase, companies hoping to advertise through the medium are moving beyond the conventional pop-up ad. New tools include customizing in-video messages for each viewer, and allowing users to interact with streams right inside a media player. Wootag, a Singapore start-up, is one company helping to drive the new technology […]
Read moreNorth Korean state media confirmed on Wednesday that the rogue nation’s latest rocket launch was a new type of intercontinental ballistic missile called the Hwasong-15 that is capable of reaching the U.S. The ICBM launch, ordered by leader Kim Jong Un, was a success and is the most powerful missile so far, state media said. […]
Read moreChina’s deep-rooted relationship with Zimbabwe, formed under recently deposed leader Robert Mugabe, has weakened in recent years. But under the watch of new President Emmerson Mnangagwa, seen as a friendlier face to Beijing’s commercial interests, bilateral ties could strengthen. In fact, many speculate that it was China’s concerns over its investments that resulted in the […]
Read moreOne bitcoin can now buy a Tiffany engagement ring. The digital currency hit $10,000 Tuesday, according to CoinDesk, marking an exponential ascent from 6 cents seven years ago and less than $1,000 at the start of this year. Since bitcoin’s market capitalization is less than $200 billion, enthusiasts point out the digital currency could rise […]
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