Market Overview - Page 226

Institutional crypto-fund manager Grayscale Investments has begun the dissolution of its XRP Trust in response to the Security and Exchange Commission’s December 2020 lawsuit alleging the XRP token is a security under U.S. law. According to an announcement published Wednesday,.

The dollar held above three-year lows versus major peers on Thursday as expectations for President-elect Joe Biden’s fiscal stimulus pushed yields of U.S. government bonds higher. The 10-year Treasury yield rose after CNN reported the stimulus will be around $2.

Oil prices edged higher on Thursday after a drawdown in U.S. crude stocks for a fifth straight week and robust data from China showing a surge in imports, though mounting coronavirus cases globally capped gains. Brent crude oil futures gained.

U.S. Treasuries slipped on Thursday on a report that President-elect Joe Biden will announce a stimulus package as big as $2 trillion, while Japanese stocks surged to a new three-decade peak as investors extended bets on a global growth rebound..

Chinese driverless car start-up WeRide has raised $310 million in a new round of funding as it pushes to commercialize its technology. Yutong Group, a Chinese company that manufactures commercial vehicles including electric buses, lead the funding round. A number.

India is gearing up for one of the largest mass vaccination exercises in the world starting Saturday. The South Asian country plans to inoculate some 300 million people, or more than 20% of its 1.3 billion population, against Covid-19 in.

President Donald Trump, a man hyperaware of his achievements and place in history, added a first to his record on Wednesday. A week before he will leave office, Trump became the first American president impeached by the House twice. The.

In New York trading the US dollar reversed to a decline from the upper bound of the downtrend that began late September. Sellers of the dollar allowed it to correct the fall to 76.4% of the last downward impulse, but.

Social media users are leaving traditional providers in droves in favor of more independent platforms over fears of unwarranted data collection, censorship, and refusal of service. A change to WhatsApp’s terms of service has triggered a mass exodus from the.

The top 100 richest Bitcoin addresses are increasingly bullish, accumulating 16% more Bitcoin over the last 30 days. In total these addresses added 334,000 more Bitcoin to their bags, or around $11 billion worth. The majority barely reacted to Bitcoin’s.

Oil prices gained more than 1% on Wednesday, with U.S. crude rising for a seventh day, after industry data showed a bigger than expected drop in inventories and investors shrugged off worsening developments in the pandemic. U.S. West Texas Intermediate.

Asian stocks rose on Wednesday, tracking modest Wall Street gains, as expectations that a vaccine will eventually win the battle against the coronavirus fuelled recovery hopes, while tight supply expectations pushed oil prices to a one-year high. MSCI’s broadest index.