Dow Jumps 300 Points as Trump Pokes at Fed, Says China Talks ‘Going Well’

US President Donald Trump has tweeted a brief, positive, update on the trade talks with China but was still poking at the Federal Reserve this morning. This despite the interest rate hike pressure appearing to be off for the stock markets. Dow, Markets Point North on Tuesday The stock markets appear to be recovering from The post Dow Jumps 300 Points as Trump Pokes at Fed, Says China Talks ‘Going Well’ appeared first on CCN

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Rocked by China, Apple Shares Plunge to Lowest Mark in 18 Months

Apple stock plunged to its lowest point since July 2017 on January 2, fueled by an alarming drop in iPhone and iPad demand from China, whose economy is eroding. This caused a 300-point drop in Dow Futures, as CCN reported. As of this writing, AAPL was trading at $144.12 a share, down 8.7% from yesterday’s The post Rocked by China, Apple Shares Plunge to Lowest Mark in 18 Months appeared first on CCN

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Dow Jones Near Bear Market Territory, Why White House Failed to Ease Investors

This week, the Dow Jones recorded a steep sell-off from 23,970 points to 21,846 points, amidst global economic instability and uncertainty. Since achieving an all-time high at 26,828 points on October 3, the Dow Jones has fallen by 5,036 points to 21,792 points, by 18.77 percent. In the traditional financial market, a 20 percent decline … Continued The post Dow Jones Near Bear Market Territory, Why White House Failed to Ease Investors appeared first on CCN

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Bitmain Rival Ebang Launches New Line of Uber-Efficient Bitcoin Miners

One of Bitmain’s biggest rivals is ready to give the bitcoin mining giant a run for its money as both firms prepare to go public in Hong Kong. Upstart Bitcoin Mining Firm Unveils New 10nm Chip, Miner Series The China-based Ebang Communication, one of the world’s largest manufacturers of application-specific integrated circuit (ASIC) chips for The post Bitmain Rival Ebang Launches New Line of Uber-Efficient Bitcoin Miners appeared first on CCN

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Alibaba Has Filed for over 10% of the World’s Blockchain Patents: Research

China’s ongoing drive to dominate the emerging global blockchain technology sector has been underlined by news that Alibaba Group Holding alone filed more than 10 percent of all blockchain patents worldwide in 2017. Intellectual Property Rights Arms Race Research by Thomson Reuters shows that 56 percent of all 406 blockchain patents issued around the world The post Alibaba Has Filed for over 10% of the World’s Blockchain Patents: Research appeared first on CCN

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China’s ‘Dream City’ Taps Ethereum Dev. Studio ConsenSys for Blockchain Push

Government officials in Xiongan New Area have announced a partnership with Ethereum development studio ConsenSys to develop blockchain initiatives for China’s “dream city.” According to the South China Morning Post, the Xiongan government has signed a memorandum of understanding (MoU) with the U.S.-based ConsenSys to “establish Xiongan as a next-generation smart city and a leading … Continued The post China’s ‘Dream City’ Taps Ethereum Dev. Studio ConsenSys for Blockchain Push appeared first on CCN

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Chinese City Starts a $1.5 Billion Fund to Promote Public Blockchain Projects

Nanjing, Jiangsu’s capital, is committed to investing in public blockchain projects and overall token economy. The capital of this Chinese province put together a 10 billion yuan ($1.5 billion) fund in a blockchain investment fund. A Beijing-based alliance, Zhongguancun Blockchain Industry Alliance, is teaming up with Nanjing City to launch this blockchain investment fund of The post Chinese City Starts a $1.5 Billion Fund to Promote Public Blockchain Projects appeared first on CCN

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Flooding in Sichuan Province Reveals Hidden World of China’s Small-Time Bitcoin Miners

A special report on the recent floods across China’s Sichuan province has uncovered an extraordinary story of resilience, discomfort, tragedy, and rapidly changing economic circumstances experienced by the the people who make up the world’s largest concentration of small-time bitcoin miners. Originally reported by Chinese news resource Yiben Blockchain (一本区块链) via Jiemian, the report follows the The post Flooding in Sichuan Province Reveals Hidden World of China’s Small-Time Bitcoin Miners appeared first on CCN

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