Intel reinvents the wheel, Malaysia goes pro-crypto, and ConsenSys backs privacy startup. Intel De-Energizes Bitcoin Mining Intel thinks it might be able to make bitcoin mining more energy-efficient. The chipmaker was awarded a patent on November 27 for a processor that cuts down on the multiple redundant stages of hash operations. According to Intel, power consumption can also be lowered […]
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The U.S.-China trade conflict is “the single biggest drag” on the United States going into next year, according to Lanhee Chen, a research fellow at the Hoover Institution. The Stanford expert predicted “a dialing down of (trade) tensions over these next several months.” Chen said U.S. President Donald Trump is sending “smoke signals” that he wants to seal a deal […]
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The U.S. trade deficit in goods widened for a fourth straight month in September, bringing it to $76 billion, according to data released by the Census Bureau. The data showed exports grew by 1.8 percent from August to September, from $138.4 billion to $140.95 billion. Imports, meanwhile, expanded by 1.5 percent to $217 billion from $213.9 billion on a month-over-month […]
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September’s index print is near the all-time high of 144.7 reached in 2000, the Conference Board said Tuesday. “These historically high confidence levels should continue to support healthy consumer spending, and should be welcome news for retailers as they begin gearing up for the holiday season,” says Lynn Franco, director of economic indicators at the Conference Board. Consumer confidence rose […]
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BlackRock Vice Chairman Philipp Hildebrand describes the Federal Reserve’s current pace of credit tightening as “healthy” and “necessary.” “The policies that are embraced by the U.S. administration around trade represent the biggest risk today to the global economy,” he says. President Donald Trump’s trade policies pose the greatest threat to global economic growth, according to the vice chairman of the […]
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After recent drops in the price of bitcoin and other cryptocurrencies, the government’s central bank felt the need to remind citizens of the risks of trading, both financial and legal. The Saudi Arabian Monetary Authority (SAMA) issued a statement yesterday reminding citizens that any dealings with cryptocurrency are still illegal. The central bank’s Sunday announcement was issued by the Standing […]
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An influx of government funds intended to nurture blockchain and crypto technology may help in the creation of a South Korean crypto and blockchain hub. The governor of the South Korean island of Jeju has officially requested that the central government allow the island to become a special zone for the development of blockchain and cryptocurrency technology, according to an […]
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The ongoing trade war President Donald Trump has waged against world powers, including some of our closest allies, doesn’t show signs of slowing down. Left in the fray: Companies, American workers and consumers. The list of companies affected, either by planning to close plants, laying off employees, tossing out plans for new jobs or raising prices continues to grow. On […]
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China is preparing to retaliate in the escalating trade war with tariffs on about $60 billion worth of U.S. goods. The import taxes would range in rates from 5 percent to 25 percent, the Chinese government said. “Any unilateral threat or blackmail will only lead to intensification of conflicts and damage to the interests of all parties,” China’s statement said. […]
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