Month: July 2019

Yesterday, ethereum celebrated its fourth birthday. Four years ago, on July 30, 2015, the world’s first general-purpose blockchain platform went live. Called ethereum, the platform was the first of its kind to feature a Turing-complete virtual machine and native programming language able to deploy code of any algorithmic complexity. “Before ethereum, developers had to design
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U.S. equities are holding near the unchanged line on Wednesday as traders await the decision from Federal Reserve policymakers. Source: Shutterstock An interest rate cut? Surely, it’s all but fully baked in. By how much? A modest 0.25% cut, the first since 2008, is likely. Yet hope springs eternal for a deeper 0.50% cut. But
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As you probably know, the Fed’s mandate is to maintain a stable economy by watching two factors: (1) the inflation rate, and (2) the employment rate.  Inflation is to be maintained at 2%, and unemployment should be held around 4.25%.  Because this chart from the Fed itself. Now as you can clearly see, that chart doesn’t
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Bulls called it right when Snap Inc. (NYSE:SNAP) stock trended upward from the $12 – $15 range ahead of its second-quarter earnings report.  Investors who believed in Snap stock were rewarded when Snap reported its Q2  results. Its losses shrank considerably, and Snap raised its Q3 guidance. Snapchat stock likely has enough positive momentum to
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The National Basketball Association (NBA) and Dapper Labs are teaming up to announce the launch of a digital platform for blockchain-based collectables, NBA Top Shot. According to the companies, fans of the game can buy, sell, and trade digitally collectable in-season moves like “Kevin Durant’s 3-point shot or Joel Emiid’s dunk.” Digital collectables can be
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Tesla (NASDAQ:TSLA) investors have endured a bumpy ride over the past few years as the stock rose and fell at the drop of a hat. On one hand, TSLA stock benefited from optimism regarding the public’s growing interest in electric vehicles and advancements in autonomous driving. However, the firm continuously disappointed by not living up
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The Russian Federal Customs Service has opened a criminal investigation into an importer of bitcoin miners for potential underpayment of customs fees. The Far-East Trading and Industrial Company, or DTPK, may have failed to pay about $1.2 million on 6,012 Bitmain-manufactured ASIC miners imported from August 2017 to February 2018, according to a search warrant obtained by CoinDesk. DTPK,
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U.S. equities are drifting lower in early trading on Tuesday as investors await the outcome of the Federal Reserve’s two-day policy meeting. An interest rate cut of at least 0.25% is widely expected, and the market is already pricing in the likely implications of another dose of easy money stimulus. Source: Shutterstock Take a look
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The Philipines’ UnionBank has issued its own stablecoin, PHX, according to Filipino media PhilStar Global. With the issuance, the bank also conducted the first blockchain-based transaction by a Filipino bank.  The PHX stablecoin is pegged to the Philipino peso and backed by UnionBank reserves. “PHX is a stable store of value, medium of exchange and
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Qualcomm (NASDAQ:QCOM) stock slipped a bit last week. It’s easy to see why. Longtime Qualcomm troublemaker Apple (NASDAQ:AAPL) threw another jab at QCOM. It did so by announcing plans to buy Intel’s (NASDAQ:INTC) smartphone-modem chip business. Why is that important to QCOM stock?  Apple is using Qualcomm’s chips in its smartphones and has for some time.
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Check out the companies making headlines before the bell: Merck – The drugmaker reported adjusted quarterly earnings of $1.30 per share, 14 cents a share above estimates. Revenue also came in above forecasts. Merck’s results got a boost with strong sales of its Keytruda immunotherapy treatment as well as improved vaccine sales. Procter & Gamble
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