Day: November 17, 2020

EasyJet Records 50% Revenue Loss, Stock Jumps on Positive Vaccine News

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In its full 2020 fiscal year, which ended in September, EasyJet reported £3 billion in revenue. The British airline EasyJet Plc (OTC: ESYJY) reported over 50% revenue loss in its fiscal year due to the persisting coronavirus pandemic. At the peak of the pandemic, airlines were grounded as one of the measures in curbing the unprecedented global health crisis. As a result, EasyJet reported its first annual loss since it was founded in 1995.  EasyJet Records 50% Loss in Revenue In its full 2020 fiscal year, which ended in September,…

Amazon Web Services and NXP Semiconductors Partnership to Connect Cars to Data Center

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This collaboration will effectively accelerate the needed improvements for cars to successfully communicate with data centers. Carmakers will find it easy to now observe and uncover a potential failure in any of the components. NXP Semiconductors N.V. has announced a partnership deal with Amazon Web Services to connect cars to cloud computing services. By revenue, Amazon Web Services is the largest while its new partner NXP Semiconductors appears to be the biggest producer of computing chips to automakers. Though the details of the partnership will be made available on 19…

Dorsey and Zuckerberg to Face Congress on Election Censorship

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At 10 AM Eastern today, the hearing “Breaking the News: Censorship, Suppression, and the 2020 Election” will take place. Dorsey and Zuckerberg will hear criticism from both Democrats and Republicans. Facebook Inc (NASDAQ: FB) and Twitter (NYSE: TWTR) CEOs Mark Zuckerberg and Jack Dorsey will testify on the censorship of election-related content before Congress today. Three weeks ago, the giants’ executives already faced questions from US senators who worried about censorship and the spread of misinformation. Now, the post-election landscape is extremely tense. Therefore, Dorsey and Zuckerberg will retaliate against…

Bitcoin Slices Through $17,000 as Market Cap Nears All-Time High

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Bitcoin (BTC) traded above $17,000 Tuesday at 12:00 UTC for the first time since Jan. 7, 2018, according to the CoinDesk 20 price index. The rise pushes the leading cryptocurrency’s total market capitalization to over $315 billion, just short of its $335 billion record. Since its yearly lows below $4,000 in March, when prices crashed over 50% in a single day, BTC has rebounded by more than 330%. Since Jan. 1, the leading cryptocurrency has gained 130%. BTC’s “spectacular surge” in 2020 largely mirrors its 2017 trajectory, Ben Zhou, co-founder…

Former Bank of Japan exec says Japan will need years to issue digital yen

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Hiromi Yamaoka, former head of the payment and settlement systems department at the Bank of Japan, said that the country will likely need several years before it can issue a central bank digital currency. In a Nov. 17 Reuters interview, Yamaoka explained that the BoJ is concerned about a CBDC potentially triggering massive outflows from private bank deposits. Yamaoka, who now chairs a group of banks looking at building a common settlement infrastructure for digital payments, argued that there is “no point issuing a CBDC if it isn’t used widely,”…

YFI Reclaims $20K as Yearn Finance Governance Approves Token Buyback

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Yearn Finance beat Bitcoin in the race to claim $20,000 all over again. The protocol’s governance token YFI surged to $20,770 during the early Tuesday trading session. Its move upward brought the price up by 178.42 percent from its early-November nadir, confirming the beginning of a strong rebound that followed an 83 percent crash. Yearn Finance is trading almost 50 percent lower than its record high. Source: YFIUSD on TradingView.com Yearn Finance is trading almost 50 percent lower than its record high. Source: YFIUSD on TradingView.com The YFI’s revival rally…

QuickHit: Decentralized Finance and Crypto

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io JP Baric, of Aurum Capital Ventures, joins Tony Nash for this week’s QuickHit episode where he discussed crypto currencies and how it plays in decentralized finance or de-fi. This is hosted by Complete Intelligence. For more info about CI, go to 📺➡️ Subscribe to our Youtube Channel and make sure to click on the bell 🔔 icon to receive notifications when a new QuickHit is out! 💌 Subscribe to CI Newsletter and gain AI-driven intelligence: 🤝💡Forward-looking companies become more profitable with Complete…

PFE Stock Down 2% Now, Pfizer Launches COVID-19 Vaccine Delivery Trial in US

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Pfizer noted that the decision to conduct the vaccine delivery trial was based on the uniqueness of each state because of their size, existing immunization infrastructure, diversity in the population and other factors. Following the recent revelation that the COVID-19 vaccine being developed by the duo of Pfizer Inc (NYSE: PFE), and BioNTech SE (NASDAQ: BNTX) recorded a 90% efficiency in preventing COVID-19, Pfizer has launched a COVID-19 vaccine delivery trial in Texas, Tennessee, Rhode Island, and New Mexico. As reported by The Guardian, Pfizer needed to conduct the vaccine…

Origin Dollar (OUSD) Dips 85% after Origin Protocol Suffers $7M DeFi Attack

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As a precautionary measure, Origin protocol has disabled all deposits to its vaults and warned users not to purchase OUSD on Uniswap or SushiSwap. Origin Protocol has reported a system compromise that resulted in a loss of $7 million of customers’ funds. According to the company, the attackers identified a vulnerable spot in the origin protocol thus enabled the hack of Origin Dollar (OUSD). Apparently, the hackers made away with $1 million of funds deposited by the company, its founders and employees. As a precautionary measure, Origin Protocol has disabled…