Coffee Prices Hit Highest Level Since 2016 as Global Demand Soars
The global coffee prices are rising and threatening to increase cost of breakfast as Brazil, the global biggest coffee producer suffers from its worst droughts in 10 years, according to...
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SelfWealth to Roll Out Crypto Trading Amid Shift to ‘Wealth Creation Platform’
Australian share trading platform SelfWealth is set to roll out cryptocurrency trading services this year in response to public demand, Coin Telegraph reported. The cryptocurrency trading services will be offered...
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ByteDance Put on Hold Offshore Listing Plans on Data-Security Warnings by Beijing
ByteDance Ltd held back intentions to file an offshore IPO after Chinese regulators requested it to concentrate on addressing data security issues, according to WSJ. In March, ByteDance saw it...
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Sweeping Changes in Industry Expected in Biden’s Executive Order on Friday
The US President Joe Biden will, on Friday, sign an executive order to increase competition across American industries and labor markets, according to Bloomberg. Biden's action will encourage the state...
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Cardano Unseats Bitcoin as Top Held Crypto in eToro
Holdings of Cardano’s ADA in eToro grew 51% in the second quarter to overtake Bitcoin as the top-held cryptocurrency in the platform, CityAM reported. eToro Crypto Market Analyst Simon Peters...
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Fed Hints at Sooner-Than-Expected Reduction in Bond-Buying Program
A number of Federal Reserve officials believe it may soon be time to scale down its bond-buying program as economic growth continues to surprise, the WSJ reported. Minutes of the...
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Visa Crypto-Related Transactions Hit $1 Billion in First Six Months of 2021
American financial services firm Visa Inc. recorded over $1 billion in spending on its crypto-related cards in the first six months of the year, Coindesk reported. The spending activity includes...
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Wise Hits £8 Billion Valuation in Market Debut
UK Fintech Wise Plc reached an £8 billion valuation in its debut in London on Wednesday via direct listing, CNBC reported. The British firm opened at £8 a share to...
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The Launch of Synthetic Stocks Ushering in the Era of DeFi? Questions Still Remain
Synthetic versions of stocks belonging to Tesla, Apple, and Amazon are now available for trading on blockchain, Bloomberg reports. The synthetic stock tokens reflect the prices of the underlying securities,...
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Enthusiasm on Revamp of Ethereum 2.0 Pushes Staking on Ether Over $13 billion
Ether holders bet over $13 billion in cryptocurrency on the ethereum 2.0 network as enthusiasm builds around the revamping of the system and potential expansion of the staking sector, according...
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China’s Li Auto Hits Record Monthly Deliveries in June
Chinese electric vehicle maker Li Auto Inc. hit a record monthly high deliveries in June with the launch of the newest Li ONE model, the company announced in a statement....
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Soros Fund Management Enters Crypto Space
George Soros’s investment firm has entered the crypto space after mulling its entry in the past two years, Markets Insider reported. Soros Fund Management Chief Investment Officer Dawn Fitzpatrick gave...
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