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Wall Street had been hovering around records but closed virtually unchanged from Tuesday. Meanwhile, Chinese stocks fell after a briefing on the housing stimulus package was poorly received, and Japanese stocks were hurt by weak export statistics. However, Taiwanese semiconductor giant TSMC is still soaring, and Nvidia and others are also continuing to rise significantly. S&P 500 futures: 5,887.25 ⬆️ up 0.0042% S&P 500: 5,841.47 ⬇️ down 0.017% Nasdaq Composite: 18,373.61 ⬆️ up 0.036% Dow Jones Industrial Average: 43,239.05 ⬆️ up 0.37%TO XX Europe 600: 523.91 ⬆️ 0.83% increase CSI 300: 3,788.22 ⬇️ Down 1.13% Nikkei 225: 38,911.19 ⬇️ Down…
Blockchain used for overseas payments Publication date: October 18, 2024 05:33 Small Medium Large The venture aims to use blockchain technology and stablecoins to make international money transfers more efficient and reliable. Siam Commercial Bank (SCB) has partnered with Lightnet, a fintech company co-founded by Chatchavar Jaravanont, to launch Thailand’s first stablecoin. Stablecoins are digital assets pegged to gold or the dollar for cross-border payments and transfers.The initiative also includes SCB 10X, which leverages blockchain technology to create solutions for cross-border transactions and marks an important milestone in Thailand’s financial innovation. According to SCB, the solution promises to improve capital…
Spencer Pratt | Getty ImagesDow Jones Industrial Average futures were mostly flat on Thursday night after the blue-chip average closed at a record closing level.Futures tied to the 30-stock index rose just 11 points. S&P 500 futures and Nasdaq 100 futures rose 0.1% and 0.2%, respectively.After-hours investors’ attention was focused on Netflix, whose stock price rose more than 4% on a post-earnings rally. The streaming giant beat Wall Street expectations on both lines in the third quarter, reporting a 35% increase in ad tier memberships compared to the previous three months.The move comes after the Dow Jones Industrial Average closed…
According to Matthew Siegel, head of digital asset research at VanEck, the adoption of Ethereum’s Layer 2 network will reduce ETH’s potential market cap in the coming years if the dynamics involved remain unbalanced. They say it could cost as much as a trillion dollars.The analyst claimed in a post on Twitter (also known as X) on Thursday that Ethereum’s “changing fundamentals suggest a model update is in order.” If “current realities” are reflected, Ethereum’s price projections would see it plummet 67% to $7,300 by 2030, instead of rising to $22,000, Siegel wrote.VanEck’s model takes into account the expected growth…
PayPal’s stablecoin market cap has plummeted 40% since August to $618 million. Strategic partnerships and yield changes were impacting PYUSD’s competitiveness in the market. PayPal’s dollar-pegged stablecoin PYUSD has faced a significant decline since peaking at over $1 billion at the end of August. Once ranked as the No. 4 stablecoin, its market capitalization stood at $618 million at the time of writing, reflecting a significant 40% decline in just over a month. Masu. This downturn highlighted the challenges PayPal’s token continues to face amid intense competition and fluctuating demand within the stablecoin market. Source: Into the Block journey so…
Written by Anna TongSAN FRANCISCO (Reuters) – WorldCoin, the cryptocurrency project founded by OpenAI CEO Sam Altman, on Thursday rebranded itself as World Network, using its “orb” device to The company announced that it is stepping up efforts to scan iris.Its core product is World ID, which the company calls a “digital passport” that proves its holder is a real human and can tell the difference from online AI chatbots. can.The World Network, which has faced increased scrutiny over data collection, unveiled a new version of its iris-scanning device, the Orb, at an event in San Francisco on Thursday, saying…
SmartLab International, a company specializing in artificial intelligence (AI) applications for market spread trading, has made a major step forward in the blockchain space by sponsoring the Web3Dev Global Track event in Kuala Lumpur, Malaysia . The company partnered with other prominent sponsors, including the Solana Foundation and InvestHK, the Hong Kong government’s arm responsible for foreign direct investment. The Web3Dev Global Track event served as an important platform for developers and blockchain enthusiasts from around the world to connect, network, and explore the latest trends in Web3 technology. With over 60 speakers in attendance, the event covered a wide…
Dogecoin is the most profitable cryptocurrency among the top 40, and Elon Musk has credit for its recent surge. “DOGE will solve the problem,” Musk tweeted on Tuesday in response to a Los Angeles Times article that said California state officials were blocking his SpaceX from conducting further rocket launches. The DOGE he was referring to is the idea that Donald Trump floated for the Commission on Government Efficiency, or Department of Government Efficiency. President Trump has said he would put Musk in charge of the department if elected.DOGE responded very well to Mr. Musk’s tweet. Dogecoin rose 6.8% in…
Thursday’s biggest S&P 500 gainers 5 hours 55 minutes ago refuser Stock prices of medical insurance companies fell after industry giant Elevance Health (ELV) reported lower-than-expected profits in the third quarter and lowered its full-year outlook. The company attributed the shortfall to a decline in Medicaid enrollment due to eligibility redetermination and other changes. Elevance stock fell 10.6%, with losses spread to other health insurance stocks with exposure to Medicaid. Molina Healthcare (MOH) stock plunged 12.6%, the biggest decline in the S&P 500, while Centene (CNC) stock also fell 9.1%. CSX (CSX) stock fell 6.7% after the freight forwarder’s quarterly…
Payment processing giant Stripe is reportedly in the final stages of acquiring Bridge, a Sequoia-backed company focused on stablecoin-based fund transfers, with the deal potentially worth around $1 billion. There is sex. If the deal goes through, it would be Stripe’s largest acquisition to date. However, according to Bloomberg, the deal is still far from certain as both sides could still pull out. Co-founded by former Square and Coinbase executives, Bridge integrates stablecoins like USDC and USDT into traditional financial systems, enabling cross-border payments and currency exchange. The Texas-based company is gaining momentum through partnerships like its one with Bitso…