Day: March 12, 2021

New Bitcoin free cloud mining site 2021 | Free Btc mining website Earning free payment proof💵

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China Fines 12 Companies for Breaching Anti-Monopoly Laws

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In recent times, Chinese authorities have upped their game and are beginning to pay more attention to the activities of internet companies in the country. Reports have emerged that authorities in China have fined 12 companies within its jurisdiction for carrying out activities that violate the anti-monopoly laws of the Asian country. According to the authorities, the, mostly technological, companies broke the anti-monopoly rules and they have each been fined 500,000 yuan which is approximately $77,000. The Chinese regulator, the State Administration for Market Regulation (SAMR) announced that the list…

SBI Holdings subsidiary continues XRP benefit program

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Morningstar, a financial information services subsidiary of Japanese financial giant SBI Group, will continue its XRP shareholder benefits program. According to an official announcement Friday, Morningstar has approved year-end shareholder benefits in the form of XRP. The new dividend payout option comes as part of the company’s year-end reward program to thank its shareholders for their continued support in addition to interim shareholder benefits. Under the program, Morningstar will provide XRP rewards of 2,500 Japanese yen ($23) units per 100 shares owned by shareholders as of March 31, 2021. The…

Early Investors Stanley Druckenmiller, Bill Ackman Earn Big

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American investors Stanley Druckenmiller and Bill Ackman are set for a huge payday after a record-breaking Coupang IPO. The company debut at $35 on Thursday, surpassing its initial target. South Korean e-commerce giant Coupang raised $4.6 billion in its IPO on Thursday. Coupang further surpassed expectations of selling at $32-$34 a share by opening at $35 and closing the day as high as $41 (CPNG). At the time of press, its shares have pushed higher and are trading for $49.After selling 130 million shares, the company now has a market…

Crypto Lender BlockFi Raises $350M at $3B Valuation, Eyes International Expansion

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The crypto lender BlockFi has noted as one of its many plans to utilize the new capital boost to accelerate the expansion of its services into new markets. Crypto lender and digital assets services provider BlockFi has announced the completion of its Series D capital fundraising. Per the official press release, the company recorded $350 million in the financing round, led by new investors including Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global. Since its inception back in 2017, BlockFi has conducted four funding rounds with…

Two Miners Uncovered a Cave Deep Below the Earth That’s As Beautiful As It Is Deadly

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China’s blockchain ambitions set in stone after mention in national five-year plan

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China’s determination to stay ahead of the curve when it comes to the utilization of blockchain technology was evidenced again this week, after the release of the country’s latest five-year development plan. The word “blockchain” was reportedly mentioned for the first time in the 14th of China’s regular five-year plans, which lay out the country’s economic priorities for the period from 2021 to 2025, according to local news outlet Pingwest. China’s exploration into new technology has been unceasing in recent years. From its ongoing scheme to roll out a central…

SAN Stock Up 0.52%, Sanofi to Begin Human Trials of Second COVID-19 Vaccine

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Sanofi will begin testing its second COVID-19 vaccine on 415 people today. First results are expected sometime between July and September 2021. French pharmaceutical giant Sanofi SA (EPA: SAN), has announced the start of human trials for its second COVID-19 vaccine. Jointly developed with US mRNA therapeutics company Translate Bio the vaccine will be tested starting today, with over 400 people tested upon conclusion.  Testing the Second Sanofi Vaccine  According to reports, Sanofi will conduct the test on a total of 415 persons. The company will use adult test subjects…

Dogecoin mining announcement crashes streaming company’s website

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Hello Pal, a Canadian social platform has said that its website suffered a temporary outage back in February. According to a press release issued by the company on Thursday, the incident occurred shortly after it announced significant investments in Dogecoin (DOGE) and Litecoin (LTC) mining. At the time, Hello Pal outlined the acquisition of a 15% stake in a Dogecoin and Litecoin mining facility. According to reports, the mining farm in question is the largest in the world dedicated to mining DOGE and LTC with a capacity of 70 megawatts…

President Joe Biden Signs $1.9T Stimulus Pushing S&P 500 to Record Highs, Jobless Claims Drop

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The weekly jobless claims as per the Labor Department report have dropped to a four-month low since November 2020. The tech and growth stocks continue to rally further with the stimulus boost. A day after Dow Jones touched its all-time high on Wednesday, the US stock market continued to stay upbeat on Thursday. Yesterday, the S&P 500 (INDEXSP: .INX) touched a record high of 1% and ending the trading session at 3,939.34 levels. The Dow Jones Industrial Average (INDEXDJX: .DJI) also surged 188 points or 0.58% ending at 32,485 levels. Meanwhile,…