Somewhat buried in ethereum’s big software makeover that rolled out Thursday is a code update known as Ethereum Improvement Proposal 3554, or EIP-3554 for short. It threatens to hasten the end of ethereum mining as we know it. Since its launch, the ethereum community has talked about overhauling the way that it mints ether, which […]
U.S. equities slumped after the vice-chair of the Federal Reserve suggested rates could rise by 2023 and mixed economic data for July showed U.S. companies adding far fewer jobs than expected. The yield on the 10-year U.S. Treasury note rose to 1.17%, gold pared back a more than 1% increase, and the dollar was stronger […]
Indian shares hit a record high on Wednesday as investors remained upbeat in the middle of corporate earnings season and ahead of the central bank’s policy meeting. The Nifty 50 index rose 0.79% to 16,258.05, led by gains in financial services index which was up 2.44%. Earlier the benchmark reached a session high of 16,290.20. […]
For Ray Dalio, bitcoin is like a digital version of gold — but the billionaire clearly values one higher than the other. “If you put a gun to my head, and you said, ‘I can only have one,’” says Dalio. “I would choose gold.” Dalio, who turns 72 on Sunday, revealed in May that he […]
A bipartisan group of lawmakers are on a collision course with the Biden administration over a push to make last-minute changes to cryptocurrency tax provisions buried in the infrastructure bill before the Senate. Finance Committee Chairman Ron Wyden (D-Ore.), senior tax writer Pat Toomey (R-Pa.) and Sen. Cynthia Lummis (R-Wyo.) want to narrow who would […]
Victoria’s Secret is making its debut on the public market. On Monday, the lingerie business, along with Victoria’s Secret Beauty and Pink, officially separated from Bath & Body Works to be its own public company on the New York Stock Exchange. Once part of L Brands — which includes the Bath & Body Works brand […]
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 879,000 barrels for the week ending July 30, bringing the total 2021 crude draw so far to nearly 55 million barrels, using API data. Analysts had expected a loss of 2.900 million barrels for the week. In the previous week, […]
The chair of the US Securities and Exchange Commission (SEC) has called on Congress to give the agency more authority to police cryptocurrency trading, lending and platforms, a “wild west” he said was riddled with fraud and investor risk. Gary Gensler said on Tuesday that the crypto market involved many tokens that may be unregistered […]
Ethereum’s London upgrade is set to activate on Thursday, according to the countdown available on Ethereum.org. “The London upgrade is scheduled to go live on Ethereum in August 2021, on block 12,965,000,” Ethereum.org reads. “It will introduce EIP-1559, which reforms the transaction fee market, along with changes to how gas refunds are handled and the […]
It’s often said in baseball that a prospect has a high ceiling, reflecting the tremendous potential of a young player with plenty of room to get better. The same could be said for the cloud infrastructure market, which just keeps growing, with little sign of slowing down any time soon. The market hit $42 billion […]
The Federal Reserve signaling its intent to taper its asset purchase program will likely result in a short-term stock-market selloff, according to Goldman Sachs. The Wall Street firm said it was likely that at its September meeting the Federal Reserve will lay the groundwork for scaling back its asset purchases before forging ahead with the […]
The cryptocurrency industry is lobbying hard this week against language in the Senate’s bipartisan infrastructure bill proposal that could choke a vast amount of the crypto ecosystem. Language in the bill would require crypto brokers to report customer information to the Internal Revenue Service. More importantly, over the weekend it broadened the definition of what’s […]
