FTSE climbs, Tesco begins laying off temporary workers London-listed stocks mirrored the US with a positive start to the week yesterday, with the FTSE 100 and FTSE 250 rallying by 1.6% and 1.7% respectively. Chancellor Rishi Sunak told Parliament that small businesses will get access to 100% taxpayer-backed loans of up to £50,000 that they…
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In the Dow Jones Industrial Average, which fell 2.4% yesterday, Boeing, Dow and Walt Disney were among the bottom five performers, along with Chevron and Exxon. Disney fell 4.1% as investors reacted to its decision to stop paying more than 100,000 workers during the shutdown while still planning to pay a $1.5bn dividend, while Boeing…
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The infamous failed ICO of Telegram has sparked controversy in the cryptocurrency industry and how the SEC is involved in regulating the sector. As LeapRate recently reported, after the SEC rejected the GRAM crypto and demanded to see how the raised funds were used by the company, Telegram actually hesitated to give such information to…
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Uzbekistan has allegedly banned its citizens from buying cryptocurrencies. According to local news media Novosti Uzbekistana, it was the National Project Management Agency that has barred its citizens from buying digital coins, even ones on established exchanges. The news comes out as a shock to many, especially since Uzbekistan was thought of "crypto friendly" place. For example,…
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Brad Garlinghouse is definitely one of the most well-known figures in the cryptocurrency world. He is the CEO of Ripple. He recently gave his opinion on what the cryptocurrency future can look like, and it's not a positive outlook in terms of numbers of surviving alt coins and volume. Garlinghouse predicts that around 99% of…
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As 2018 came to a close, several concerned observers of the crypto-verse predicted that 2019 would be a critical turning point for many crypto development efforts. In other words, it was time to demonstrate marketable “use cases” across the spectrum of over two thousand token programs that had raised significant funds based on rather thin…
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Analysts are still scratching their heads regarding the Fed’s decision last week to inject roughly $60 billion per month into the U.S. economy. The central bank announced that it would be buying back Treasury bills, perhaps until Q2 of 2020, in hopes of preventing turmoil in repo money markets. The confusing part was when Jerome…
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Leading online Swiss bank Swissquote Group Holding SA (SWX:SQN) announced that it has added cryptocurrencies and real estate to its Robo-Advisor. Alongside shares, fixed-income instruments and commodities, Swissquote's clients will now be able to invest in crypto and real estate. The first Swiss automated asset manager, Robo-Advisor, was launched back in 2010, providing the ideal…
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July has finally ended. It seemed to be a month where every government official, including President Donald Trump, regulator, and died in the wool crypto skeptic decided to make a concerted effort to banish Bitcoin and the notion of cryptocurrencies from the public consciousness. After several years of endless debate, Indian authorities even stopped their…
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A constant refrain from crypto skeptics has always been that cryptos and the blockchain technology that supports them enable the criminal element in our society to easily hide their nefarious activities, such as money laundering, drug trafficking, funding terrorism, illegal arms dealing, child pornography, and on and on. Skeptics and criminals, however, have mistakenly believed…
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