Stablecoins steal the limelight from subdued bitcoin
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2021-12-13 12:06:00 Dec 13 (Reuters) – As bitcoin, the world’s largest cryptocurrency, struggles to recover after a massive crash, regulatory and private sector focus has turned to another part of the digital currency world: stablecoins. The past week saw Meta Platforms Inc (FB.O) pilot its stablecoin payments wallet, while the world’s largest payments processor Visa […]
China coal’s last hurrah comes too late for old mining towns
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2021-11-11 01:24:00 PINGDINGSHAN, China, Nov 11 (Reuters) – On the edges of an old and depleted mine on the rugged outskirts of Pingdingshan in central China’s Henan province, workers sift through dunes of low-grade coal, looking to extract every last calorie of energy from the city’s crumbling seams. But despite an unexpected energy crunch that […]
Billionaire Musk sells more shares in whirlwind Tesla stock ride
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2021-11-12 08:50:00 Nov 12 (Reuters) – Tesla Inc (TSLA.O) top boss Elon Musk sold another block of company shares worth about $700 million, filings showed on Friday, as the billionaire takes advantage of a meteoric rally that drove the electric carmaker’s value to over $1 trillion. The second round of hefty stock sales this week […]
U.S. regulators exploring how banks could hold crypto assets – FDIC chairman
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2021-10-26 14:43:00 LAS VEGAS, Oct 26 (Reuters) – A top U.S. bank regulator said U.S. officials are looking to provide a clearer path for banks and their clients that are looking to hold cryptocurrencies, in order to keep control over the fast-developing asset. Jelena McWilliams, who chairs the Federal Deposit Insurance Corporation, told Reuters in […]
FTSE 100 ends higher on oil, mining boost; HSBC hits 4-month high
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2021-10-25 10:53:00 A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors fear that the coronavirus outbreak could stall the global economy, in London, Britain, March 9, 2020. REUTERS/Toby Melville HSBC reports better-than-expected results Darktrace slumps on brokerage initiating ‘sell’ […]
In S.Korea, an army of retail investors flocks to YouTube for stock trading advice
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2021-10-20 18:04:00 FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection of the YouTube logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration SEOUL, Oct 21 (Reuters) – Millions of South Koreans have jumped into stock market trading over the past year with their enthusiasm feeding […]