A recent 51% attack that impacted Ethereum Classic (ETC) is believed to have resulted in approximately $5.6 million worth of the cryptocurrency being double-spent. A report published by Aleksey Studnev of blockchain forensics firm Bitquery on August 5 has revealed the extent of the incident, with Bitquery estimating that the attacker made off with 807,260
The EURUSD reaches the July highs and backs off The EURUSD trended higher into the NY session and looked toward the July highs at 1.1904-08. The high reached 1.19043 but could not go any further. Sellers leaned and the price has rotated lower over the last 3+ hours. See the earlier post. The move to
According to the latest Reuters poll of around 60 foreign exchange strategists, GBP/USD is likely to ease by end-2020 from current levels, in the face of Brexit uncertainty and coronavirus crisis. Key findings “The pound would dip to $1.29 in a month and to $1.28 in three months before returning to current levels in a
Pompeo has warned widely on China, and continues to do so: urges U.S. citizens to exercise increased caution with respect to travel in or to China Announced a ‘clean network’ to use tech not from China More on the clean network: Clean Carrier: To ensure untrusted People’s Republic of China (PRC) carriers are not connected
NEW YORK: Oil prices rose to their highest since early March on Wednesday after a large decline in US crude inventories and supported by a weak dollar, but mounting coronavirus infections had investors worried about the demand outlook. Brent crude was up $1.51, or 3.4%, at $45.94 a barrel by 11:13 a.m. ET (1513 GMT).
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks fell -2.11 mmb to 1452.57 mmb in the week ended July 31. Crude oil inventory declined -7.37 mmb (consensus: -3 mmb) to 518.6 mmb. Stockpile fell in 3 out of 5 PADDs. PADD 3 (Gulf
Customers shop at the CVS Pharmacy, on Morrissey Boulevard, in Dorchester, on April 2, 2020. Some pharmacy workers worry about unsafe conditions at their stores. Pat Greenhouse | Boston Globe | Getty Images CVS Health on Wednesday reported that it beat expectations for earnings and revenue in the fiscal second quarter. Shares of the company were
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Bitcoin (BTC) soared past the key technical resistance level of $11,500 and past $11,600 on Aug. 5 as a fresh round of bullish sentiment canceled out more of last weekend’s plunge. Cryptocurrency market daily snapshot Aug. 5. Source: Coin360 Data from Coin360 showed BTC/USD reaching four-day highs of $11,650 at press time on Wednesday, having
Disney helps to push the Dow higher The major indices are opening higher after Disney’s earnings and their pivot away from theaters and more toward their Disney plus channel. They announced that they would release Mulan on that station for a one time fee of around $30. Disney shares are up over 6% on the day
ADP reported an increase of only 167,000 private-sector jobs in July while the manufacturing employment remains depressed according to ISM. The broader services sector also looks depressed. A negative NFP looks more likely with gold extending its upward trend, FXStreet’s analyst Yohay Elam reports. Key quotes “The ISM Non-Manufacturing Purchasing Managers’ Index’s headline figure rose
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Gold prices jumped Rs 1,365 to Rs 56,181 per 10 gram in the national capital on Wednesday following a strong rally in global market, according to HDFC Securities. Silver also depicted a strong trend as it zoomed Rs 5,972 to Rs 72,726 per kg from Rs 66,754 per kg in the previous trade, it said.
Dollar’s selloff intensifies in early US session after ADP job report hugely missed expectations. The strong upward revision in prior month’s figure just make the picture looks worse, exaggeration the steep slowdown in labor market rebound. At this point, Yen is following the greenback as then second weakest, then New Zealand Dollar. On the other
A sign marks the headquarters of Moderna Therapeutics, which is developing a vaccine against the coronavirus disease (COVID-19), in Cambridge, Massachusetts, May 18, 2020. Brian Snyder | Reuters Moderna reported Wednesday a fivefold increase in second-quarter revenue related to its work on a potential coronavirus vaccine. Revenue jumped to $66.4 million during the quarter, more
The Bitcoin Cash (BCH) community is divided over whether to change the cryptocurrency’s difficulty adjustment algorithm, with a recent developer meeting reportedly concluding with attendees storming out of the event. On August 4, Chris Pacia, the lead developer of the peer-to-peer marketplace OpenBazaar and a volunteer BCH developer, tweeted that “multiple people walk[ed] out” of