Australian university researchers have questioned Bitcoin’s reputation as the best store of value network in cryptocurrency, with Ethereum on track “to becoming the world’s first deflationary currency.” A Nov. 18 paper by four Australian researchers discusses how the EIP-1559 upgrade makes ETH a potentially better store of value. The research comes was coauthored by Ester
This week, Ether (ETH) price reached a new 2021 high against Bitcoin (BTC), bringing its year-to-date returns slightly above 350% and according to technical analysis, the rally could extend even further. On Dec. 1, bids for the ETH/BTC pair hit 0.0835 BTC on Coinbase for the first time this year. The upside move came as
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Top of the food chain This probably won’t come as a surprise to anyone in the crypto industry, but Binance founder CZ has
In this article NOC Concept art of a “Starlab” space station Nanoracks NASA awarded a trio of companies with contracts to develop private space stations, as the agency prepares for the retirement of the International Space Station. Jeff Bezos’ Blue Origin, Northrop Grumman, and Nanoracks were awarded a combined $415.6 million under NASA’s Commercial LEO
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 14, 2021. Bill Clark | Bloomberg | Getty Images Foreign public companies that are listed in the United States may be delisted if their auditors do
A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021. Mike Segar | Reuters Job growth is expected to have been strong in November, and employers likely continued to boost wages to attract and retain
Municipals continued to cut their own path and were little changed with a few large deals taking the focus again Thursday even as U.S. Treasury yields rose and equities rallied. Stocks rose on optimism the latest COVID variant “won’t completely upend economic activity,” said Edward Moya, senior market analyst at OANDA. “The next couple of
The much-anticipated Aston Martin Residences in Miami achieved another milestone this week with the topping out of the 391-unit building, bringing it one step closer to expected completion in 2022. Located in downtown Miami, it is the first residential project for Aston Martin, who was tapped by developer G&G Business Developments to create the design
courtneyk | E+ | Getty Images With soaring home values, many sellers expect a sizable profit when listing their property. However, capital gains taxes may put a damper on their windfall. Home sales profits are considered capital gains, taxed at federal rates of 0%, 15% or 20% in 2021, depending on income. The IRS offers
Saudi Arabia and its allies in the Opec+ alliance agreed to continue increasing monthly crude production, delivering a victory to consumer governments including the US that had called on the group to help push prices lower. Oil prices initially fell on the announcement, which surprised a market that had expected the group of major producers
Bitcoin (BTC) price is down this week, and naturally, bears will always find some reversal signal whenever the price shows strength, such as the 8% gain on Nov. 28. Of course, technical analysis is not an exact science, so there is a margin for interpretation and most traders look at multiple timeframes to find a
Two days ago on November 30, the price of bitcoin (BTC) tapped a high that day reaching $59,250 per unit, but it has since dropped close to 5% in value to just above the $56K region. Onchain statistics indicate that whales and long-term holders (LTHs) have been spending over the last month and blockchain parsers
Crypto is like a double-edged sword, one good piece of news is followed by ten bad reactions. It’s like being the parent of the hyperactive kid in the kindergarten — he breaks other kids’ toys, bounces off the walls like a demon and the other parents hate him, but you know he’s a sweet, thoughtful
“Islands are the canary in the coal mine in this situation. They are sending a message now that if we don’t act — and act boldly — it’s going to be too late,” former President Barack Obama, speaking at COP26, Glasgow, Scotland, on Nov. 8. One challenge of garnering official and public attention for the
California is well-positioned to qualify for the plethora of federal broadband infrastructure money available through the $1.2 trillion infrastructure bill, according to Sen. Alex Padilla and others who spoke during an online event Tuesday. California Forward and California Emerging Technology Fund hosted the online webinar with Padilla, D-Calif., and several other speakers. The topic: what
Shopping for a new home in late November most likely gave frustrated buyers little to be thankful for as demand for homes continued to outpace supply. The number of homes for sale hit an all-time low during the week ending November 28, according to a new report from Redfin, a technology-powered real estate brokerage. During that period,
JGI/Jamie Grill | Tetra images | Getty Images Before starting any planning around money, newlyweds should take a hard look at who they are and what they want out of life, financial advisors say. “It’s important for you to sit down together and discuss your values — both as individuals, and then as a couple,”
In this article F AMD NVDA CNBC’s Jim Cramer said Wednesday he’s not ready to sell any shares Nvidia yet, even though he recently booked some profits in two other big charitable trust winners Advanced Micro Devices and Ford. Cramer told “Fast Money Halftime Report” he believes that Nvidia could be a $10 trillion stock
In this article CRM VRTX LEN Salesforce signage outside office building in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Wednesday: Allbirds — Allbirds shares sunk more than 13% after the shoe maker’s losses grew in the third quarter, even as its revenue rose from last year. The quarterly
While Bitcoin remains in a cool-off period after thrusting to its all-time high in early November and the decentralized finance (DeFi) sector in an apparent dry spell, gaming tokens seem to have taken the spotlight as massive gains are seen across the industry. The Sandbox’ SAND captured headlines as it spearheaded the enthusiasm for gaming
There has been no shortage of people and institutions that woefully underestimated the potential of cryptocurrency. Among the ranks of once-were Bitcoin naysayers is Wired, which destroyed the private key to a Bitcoin (BTC) wallet holding 13.34623579 BTC back in 2013 in order to make the point the cryptocurrency was nothing more than an “abstraction”.
Four blockchain-based Metaverse projects generated more than $100 million worth of virtual land NFT sales last week according to data from DappRadar. A Nov. 30 post from the decentralized application (DApp) analytics firm reported that between Nov. 22 and Nov. 28 activity was “booming” on The Sandbox, Decentraland, CryptoVoxels and Somnium Space with a combined
Bitcoin (BTC) started the new month in strength and today’s run up to $59,053 suggests that bulls are beginning to shake off the fears stirred up by the Federal Reserve’s taper talks and the emergence of a new strain of Covid-19. Altcoins also saw their prices lift off and early hopes of a potential “Santa Claus
Layer-two (L2) solutions for the Ethereum network have become a popular topic of discussion and speculation on their associated tokens backed the massive rally seen in many of the protocols this year. The parabolic growth of the decentralized finance (DeFi) and nonfungible token (NFT) sectors also led to a surge in the cost of carrying
With or without the pandemic, the construction and building products industry has found ways to evolve. Companies are leveraging technology to differentiate themselves, which has the added benefit of creating more collaboration in an industry typically divided into silos. I spoke with experts from all facets of the supply chain who shared how technology has
A software rendering shows a recreation of Russia’s anti-satellite weapons test and the destruction of satellite Kosmos 1408, with the debris field in red. AGI The Pentagon called for a global halt to anti-satellite weapons testing on Wednesday, further decrying the practice after Russia’s destructive demonstration last month showered low Earth orbit with debris. “We
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Sept. 20, 2021. Michael Nagle | Bloomberg | Getty Images The market is facing a conundrum. Federal Reserve Chair Jerome Powell has thrown a monkey wrench into the investor playbook. Investors have been worried they will
An overall view of the Snowflake IPO banner on the front of The NYSE as employees of the tech company celebrate the largest tech IPO in exchange history, Sept. 16, 2020. Kostas Lymperopoulos | CSM | AP Check out the companies making headlines in after hours trading: Square — The payments company said Wednesday evening
Municipals were mostly steady throughout the day and the primary was the focus while U.S. Treasuries whipsawed and stocks sold off after the first Omicron case was reported in California. The Investment Company Institute reported $974 million of inflows into municipal bond mutual funds and another round of small outflows from exchange-traded funds. Treasuries ended
Daniel Acker | Bloomberg | Getty Images Mortgage rates rose decisively again for most of last week, causing a massive drop in mortgage demand, but on Friday everything changed with the news of the Covid omicron variant. Last week the average rate on the 30-year mortgage with conforming loan balance ($548,250 or less) increased to
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