Day: December 1, 2020

Pfizer and BioNTech Seek Approval for Coronavirus Vaccine in Europe

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American pharmaceuticals giant Pfizer Inc (NYSE: PFE) and German biotech firm BioNTech SE (NASDAQ: BNTX) have submitted applications for their coronavirus vaccine in Europe. The two believe they will receive the nod to roll out the vaccine in Europe before the end of 2020. In a press release, Pfizer and BioNTech revealed they had applied for conditional marketing authorization (CMA) in Europe from the European Medicines Agency (EMA). A CMA is granted to firms whose medicines “address unmet medical needs of patients,” the European regulator states on its website. To…

Better Way of Tracing Ethereum Addresses

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Ethplorer isn’t the only Ethereum tracking service out there. What makes it unique is its ability to track any number of addresses and transactions – millions if needed. Explorers are blockchain search engines that enable the tracking and gathering of on-chain details and statistics. Every public chain has its explorer for developers and users to keep tabs on on-chain activities and vital metrics. There are several blockchain viewers in Ethereum, one of them is Ethplorer. Because public chains are transparent, developers can use blockchain explorers to access and even extract…

USDC issuer Centre lands Wall Street veteran David Puth as CEO

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Centre Consortium, the company behind USD Coin (USDC), has hired former State Street and JPMorgan Chase executive David Puth as its new CEO.  Centre made the announcement early Tuesday in a Medium post that praised Puth for his leadership credentials. The new hire will help Centre expand its global partnerships across the fintech, crypto and traditional financial services industries. Puth said that he is excited to be joining Centre “at this critical time in the industry,” adding: “The growth of USDC over the course of 2020 is indicative of what…

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Blockchains Acquires Cambridge Blockchain Backed by PayPal

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Just over a year ago, Blockchains LLC also acquired Slock.it, an Ethereum startup, and made their founders the director of blockchain development and the Vice President of the technology. Blockchains LLC has announced its acquisition of Cambridge Blockchain pending the release of their unhosted wallet in 2021. According to Lee Weiss, the Blockchain Executive Vice President, they made the initial contact with Cambridge, and after agreeing on a discussion, Blockchains realized that they have a similar ethos. They concluded and closed the deal just last week. Just over a year…

Mining City: A Blueprint for Success?

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“Together we grow!” This is the slogan of Mining City, a company with a solid foundation in the cryptocurrency market. Is this catchphrase a real promise, or an overstated declaration? Let’s find out. Brick by brick  Cryptocurrencies are considered by many as the “gold of the digital age”. Just as the discovery of gold deposits in North America caused the famous Gold Rush, the introduction of Bitcoin in 2008 significantly affected the financial circulation on the Internet. It is safe to say that we are dealing with a “Crypto Rush”, which is becoming increasingly…

Nio Stock Drops Over 5% Despite Posting Record-High Sales in November

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Nio has delivered 36,721 electric vehicles since the calendar flipped in January 2020. Hereby representing a rise of approximately 111.1% year-over-year. Shares of Chinese electric vehicle company Nio Inc (NYSE: NIO) were down approximately 6.43% on Tuesday to trade around $50.53. At the time of writing, Nio stock is down 5.30%, trading at $47.86. The drop in Nio stock price is in contrast with the record-high sales reported for November. Whereby, Nio delivered 5,291 vehicles in November 2020, increasing by 109.3% year-over-year. Nio Sales “The deliveries consisted of 1,387 ES8s,…

Bitcoin Posts “V-Shaped Recovery” as Bulls Erase Overnight Losses: What’s Next

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Bitcoin just posted another shocking price movement, with the cryptocurrency’s latest rejection at $19,800 sending it as low as $18,300 this morning before bulls stepped up and reversed its downwards momentum. This caused the cryptocurrency to erase nearly all of the losses that came about due to this recent movement, with buyers once again targeting a move up towards its $19,800 resistance. This “V-shaped recovery” significantly bolsters the cryptocurrency’s underlying strength, as it indicates that bears are plagued by underlying weakness at the moment due to their inability to gain…

Bitcoin.com Exchange To List HUB Token as the Next Gen Trust-Based Cryptocurrency

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PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the upcoming listing of HUB on the 1st of December 2020 at 14:00 UTC. HUB was created by the Human Trust Protocol Network, under founding member Eric Ly. HUB will be listed with BTC and USDT trading pairs. What is the Human Trust Protocol? Human Trust Protocol solves endemic trust problems, and provides verifiable and portable trust. The vision of the Human Trust Protocol, and that of its HUB token is to encode identity and reputation on the blockchain, to become the…

Sellers Rack Up $4.8B in Global Sales Over Holiday Weekend

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Retail giant Amazon increases its sales by over 60% from the past year during the Black Friday and Cyber Monday period. On Tuesday, Amazon.com Inc (NASDAQ: AMZN) revealed that the independent businesses, both small and medium-sized, had surpassed $4.8 billion in worldwide sales. Specifically, during this holiday season, over 71,000 small- and medium-sized businesses globally had made sales worth more than $100,000. Interestingly, an average of 9500 products was sold every minute during this holiday season. Early Deals Lead to Record-Breaking Demands In the US, Black Friday-worthy deals started dropping…