News 

Living on Bitcoin Day 3: Brother, Can You Take a Sat?

This is the third instalment of reporter Colin Harper’s “Living on Bitcoin” experience in San Francisco. Find out what happened to him earlier on Day 1 and on Day 2. I woke up on day 3 and made a pact with myself: I had resolved to not rely on Uber Eats that day. I still think that buying this credit from an exchange like Bitrefill or Paxful is in line with the experiment, but I haven’t made a PoS purchase yet and I want to make today about going out…

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Business Dow Jones us-china trade war 

Dow Jones Rockets after Report Claims Trade War Winding Down

The Dow Jones saw a bump after reports that the US was easing tariffs on China, though later reports disputed that the trade war was winding down. | Source: Shutterstock Led by the Dow Jones Industrial Average, the stock market rocketed after reports that the US was to begin lifting tariffs imposed on Chinese imports. However, the market pared those gains after subsequent reports indicated that no such plans had been made. Dow Jones Leaps 250 Points Before Falling Back Dow Jones Industrial Average Today Source: Trading View The Dow…

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News 

MIT, Stanford Researchers to Fund New ‘Globally Scalable’ Cryptocurrency, ‘Unit-e’

A group of researchers from top United States universities have announced the launch of a “globally scalable decentralized payments network,” according to a press release published today, Jan. 17. The development of the cryptocurrency, dubbed “Unit-e,” is being funded by Distributed Technologies Research (DTR) — a non-profit organization based in Switzerland, whose official launch was also announced today in the press release. DTR includes researchers from seven major U.S. universities, including the Massachusetts Institute of Technology (MIT), Stanford University and the University of California, Berkeley, as Bloomberg reports. The organization…

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Dow Jonmes United States World Finance 

No Fundamentals to US Stock Market Recovery, May Not Last

According to a major Canadian investment firm Gluskin Sheff’s chief economist David Rosenberg, the recovery of the U.S. stock market was a technical bounce and was not triggered by fundamental factors. The statement of Rosenberg mirrors the stance of Morgan Stanley analyst Mike Wilson who previously said fundamentals are still missing from the U.S. stock market. What Stock Market Fundamentals? In November, when the sell-off of the U.S. stock market was reaching its peak, analysts generally attributed the steep decline of the Dow Jones to three major factors: Uncertainties in…

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News 

New Platform Shows Ads Only On-Demand and Promises to Pay Crypto for Views

A company intends to change the ways of traditional advertising by creating a platform called WeBuy. The idea is to allow what the company calls “buyers” to decide when and how the sellers of different products can reach them on-demand. Shopper in the center   WeBuy believes that annoying online ads are one of the problems of the modern advertising market. Instead of increasing the interest of potential buyers, they get the opposite effect. The company believes its product can change the way buyers and sellers currently communicate by putting…

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News 

Binance Freezes ‘Some’ Tokens Stolen From Cryptopia: CEO CZ

Major Cryptocurrency exchange Binance has frozen tokens sent to its wallet by the entity who allegedly hacked New Zealand exchange Cryptopia, CEO Changpeng Zhao reported in a tweet Jan. 16. Cryptopia, which is currently shut down as police investigate the hack, lost at least $3.6 million in cryptocurrency, sources reported. While the total amount seized remains unconfirmed, social media users alerted Binance to suspicious transactions from addresses known to be related to the Cryptopia theft. Zhao subsequently said staff had been quarantining the tokens, which appeared to arrive in several…

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Banking china Global Economic Outlook Stock News 

China Injects Record $83 Billion to Counter Economic Decline

China’s economy is facing some of its toughest challenges in years. On Wednesday, a day after several Chinese government institutions vowed further stimulus to aid its financial sector, the People’s Bank Of China injected a net $83 billion (560 billion yuan) into open market operations via reverse repo operations — to counter its declining economy. In an official statement, China’s central bank states: At present, it is the peak of the tax period, and the banking system’s overall liquidity is falling rapidly. Unfortunately, the injection has failed to impact the…

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