Investors betting on ‘trends’ have been disappointed over the last four years. After rallying by 30% between mid-July 2014 and December 2016, the US dollar has been range-bound. It weakened in 2017 but it rebounded strongly in 2018, consolidated in 2019 and, after an initial rally in 2020, it is …
The world has been focused on live video like never before over the nine months that Covid-19 has restricted business and social activities. But what people forget is that while Western video conferencing utilities such as Zoom and Bluejeans – the generation 2.0 of livestreaming video – have enjoyed astronomical …
Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters.Shell's new cost-cutting review, known internally as Project …
The Twitter account of Indian Prime Minister Narendra Modi has been hacked, the social media giant confirmed Thursday.Tweets were sent from the prime minister’s feed asking for charitable donations using a cryptocurrency, but have since been taken down.“We’re aware of this activity and have taken steps to secure the compromised …
Decentralised finance (DeFi) projects have been gaining some serious market traction over the past few months, collectively reaching a value of $9.02 billion.Aave continues to be the largest DeFi project, with $1.71bn locked in, followed by MakerDAO with $1.43bn, Balancer at $1.36bn, Curve Finance at $1.26bn, yearn.finance at $953.6 million …
South Korea’s third-largest cryptocurrency exchange has been seized by police following fraud allegations, according to Cointelegraph, which cited a report by the Seoul Shinmun. Police allege that 99% of Coinbit’s transaction volume was faked through wash trading.The Seoul Metropolitan Police raided and confiscated a number of properties, including Coinbit’s headquarters …
The Chinese Communist Party has identified blockchain as a key tool for reforming and improving the country’s social services, Cointelegraph reports.On August 25, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued guidance on innovation for regional …
