Bitcoin reaches $50,000 following Ethereum's rise

Bitcoin Foundation chairman on the cryptocurrency hitting three-month high Bitcoin Foundation Chairman Brock Pierce explains what he believes is fueling the recent rise of the cryptocurrency. Bitcoin was trading more than 5% higher on Thursday morning at $49,800. Bitcoin pulled back slightly after hitting $50,000 for the first time since Aug. 23, following Ethereum’s move to $3,700, its highest level […]

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U.S. House committee backs $25 billion increase in defense spending

FILE PHOTO: The Pentagon building is seen in Arlington, Virginia, U.S. October 9, 2020. REUTERS/Carlos Barria/File PhotoWASHINGTON (Reuters) – The U.S. House of Representatives Armed Services Committee on Wednesday backed a proposal to increase spending for the Department of Defense by about $25 billion, more than the $715 billion proposed by President Joe Biden’s administration. The vote paved the way […]

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Taliban wrestle with Afghan economy in chaos, humanitarian crisis

(Reuters) -Afghanistan’s new Taliban rulers struggled to keep the country functioning on Wednesday after the final withdrawal of U.S. forces, with foreign donors alarmed about an impending humanitarian crisis. Two weeks since the Taliban’s sweep into Kabul brought a chaotic end to 20 years of warfare, the Islamist militants have yet to name a new government or reveal how they […]

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No tougher Swiss coronavirus curbs for now despite rising cases

ZURICH (Reuters) -Switzerland will not tighten curbs on public life for now despite rising coronavirus cases, the government said on Wednesday, reserving the right to make people show a COVID-status certificate to access many indoor spaces.FILE PHOTO: Guests sit outside of a restaurant, as the spread of the coronavirus disease (COVID-19) continues, in the old town of Zurich, May 22, […]

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Asia stocks mixed; private survey shows Chinese factory activity shrinking in August

Asia-Pacific stocks were mixed on Wednesday. The Caixin/Markit manufacturing Purchasing Managers' Index for August came in at 49.2 on Wednesday, below the 50 mark that separates expansion from contraction. Australia's gross domestic product rose 0.7% in the June quarter, above expectations for a 0.5% increase, according to Reuters. SINGAPORE — Shares in Asia-Pacific were mixed on Wednesday, as a private […]

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