(Beincrypto) Iran government will end ban on cryptocurrency mining starting September 22, as it expects massive power consumption to cool down then. Iran had banned crypto mining activities in the…
(PayPal) PayPal users in the UK can now buy, hold, and sell cryptocurrencies through the digital wallet. PayPal cites the “digitization of money,” especially during the Covid pandemic as key…
(Reuters) Shares of battery maker LG Chem plunged 10% on Monday following news that General Motors Co. would recall 73,000 Chevrolet Bolt cars. LG Chem was weighed by the news…
(Coinbase) Coinbase has said it will allocate 10% of its quarterly net income into cryptocurrencies in a move aiming to encourage their adoption. The new policy by Coinbase will see…
(SCMP) US ride hailing giant Uber has bought Hong Kong’s most popular cab app HKTaxi as it pushes to gain traction in the local market. With access by at least…
(Reuters) China Telecom Corp. began trading on the Shanghai exchange on a strong footing, with the shares up 34% on Friday, defying tough data protection laws by Beijing. The listing…
(WSJ) Toyota Motor Corporation has announced it will reduce output by 40% in September as global shortages in semiconductors bite. Shares fell 3.5% on the announcement. Toyota’s announcement comes amid…
(Office for National Statistics) Retail sales in the UK declined by 2.5% between June and July as soccer frenzy waned and Covid-19 pandemic cases bite. Despite the July fall, retail…
(Robinhood) Robinhood announced a net loss of $502 million in the second quarter, from a profit of $57.6 million in the same quarter last year. The net loss came despite…
(Fed) The Federal Reserve minutes for the July 27-28 meeting confirms that officials have the intention to pull back the pace of the $120 billion monthly purchases. The Federal Reserve…
(Cointelegraph) The Central Bank of El Salvador published draft regulations on bitcoin-related services, classifying BTC as a legal tender. The Central Bank, in the two drafts released on August 17,…
(Tencent) Chinese tech giant Tencent posted a revenue of RMB138.3 billion or $21.4 billion in the second quarter, up 20% from the comparable quarter of 2020. Tencent’s revenues were boosted…