Chinas consumer price inflation rose more than expected to a five-month high in July amid Beijing struggling to kickstart household consumption as the road to achieve about 5 percent growth target remains challenging. Consumer prices posted an annual increase of 0.5 percent after rising 0.2 percent in June, the National Bureau of Statistics reported Friday....
Flare Labs enables DeFi access for XRP, BTC, and DOGE through its innovative FAssets system.FAssets allows non-smart contract tokens to engage with decentralized finance applications. Flare Labs is rapidly increasing the capabilities of FAssets, a novel system meant to integrate non-smart contract assets such as XRP, Bitcoin, and Dogecoin into the decentralized finance (DeFi) ecosystem....
By Selena Li and Xie Yu HONG KONG (Reuters) -Fund manager Fidelity International (FIL) is planning to lay off 20 people at its main China unit, two sources familiar with the matter said, a reduction that coincides with a downturn in China\'s markets and as the firm cuts staff worldwide. The cuts at FIL\'s wholly-owned...
Bitcoin mining firm Riot Platforms reports a total revenue of $70.0 million from the $76.7 million recorded in the same period last year. The drop is due to the Bitcoin halving event in April. This decrease in revenue is also attributed to a $9.7 million drop in engineering revenues. This was somewhat offset by a...
BitMEX founder and American crypto billionaire Arthur Hayes joined anonymous developer Domo, creator of the Bitcoin BRC-20 token standard, in a $3 million pre-seed funding round for Bitcoin Ordinals wallet Oyl. Crypto asset manager Arca led the round. Other backers include Kanosei and FlamingoDAO. On launching in the coming weeks, Oyl will offer “in-wallet” Ordinals trading....
The China stock market on Tuesday snapped the two-day winning streak in which it had collected almost 50 points or 1.6 percent. The Shanghai Composite Index now rests just above the 3,060-point plateau and it\'s likely to see additional support on Wednesday. The global forecast for the Asian markets is positive ahead of the Federal...
Coinbase Global has announced it will be using Lightspark to bring the Bitcoin Lightning Network to its network for faster and cheaper payment transfers. In an announcement, Lightspark said it is working with the Coinbase team on technical integration. Coinbase will be using Lightspark’s “remote-key signing implementation.” The Lightning signing keys will be entirely held...
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While reporting financial results for the first quarter on Wednesday, The Brink\'s Co. (BCO) maintained its earnings and revenue guidance for the full-year 2024. For fiscal 2024, the company continues to project earnings from continuing operations attributable to Brink\'s in the range of $7.30 to $8.00 per share on revenues between $5.075 billion and $5.225...
JAKARTA – Statistics Indonesia (lit. Badan Pusat Statistik/BPS) recorded inflation at 2.12% in August 2024, slowing down from 3.27% seen in August 2023. Similarly, inflation from July to August 2024 were seen at minus 0.03%, while year-to-date (ytd) recorded inflation shifting at 0.87%. In the press release quoted Monday (2/9), Windhiarso Ponco Adi, Director of...