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Bitcoin jumps to three-year high as Covid crisis changes investor outlook

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Bitcoin jumps to three-year high as Covid crisis changes investor outlook Four-fold rise since March edges towards all-time record as cryptocurrency gains greater acceptance

Stock market news: December 17, 2019

Source:https://finance.yahoo.com/news/stock-market-news-december-17-2019-133737636.html

Stocks in Asia Head For Record High Before Fed: Markets Wrap

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Stocks in Asia Head For Record High Before Fed: Markets Wrap Asian stocks advanced after their U.S. peers rose for the first time in five days, as Congress moved toward agreement on a spending package that would boost the economy. Treasuries were flat ahead of the Federal Reserve’s policy decision.

Cryptocurrency Advised by Signal Founder Goes Live, Begins Trading on FTX

Visit our site: www.crary-finance.com

See full Article here: https://www.coindesk.com/mobilecoin-mainnet-launch-ftx-trading

Cryptocurrency Advised by Signal Founder Goes Live, Begins Trading on FTX - CoinDesk MobileCoin, which has been a bit of a white whale since the initial coin offering (ICO) era of 2017, announced a mainnet launch on Monday.

The Crypto Daily – Movers and Shakers – December 2nd, 2020
It’s a mixed start to the day for the majors. A Bitcoin move back through to $19,500 would support the broader market. See Full Article Here:

The Crypto Daily – Movers and Shakers – December 2nd, 2020 It's a mixed start to the day for the majors. A Bitcoin move back through to $19,500 would support the broader market.

The Crypto Daily – Movers and Shakers – October 30th, 2020 see more update here: https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-october-30th-2020-680613

Shenzhen residents embrace digital currency

China's central bank has issued 10 million yuan ($1.5m; £1.1m) worth of digital currency to 50,000 people in the Shenzhen area via a lottery.

The move is the latest in a series of trials testing out China's new Digital Currency Electronic Payment (DCEP).

Those who were successful received digital "red packets" worth about 200 yuan, which they could download and spend at more than 3,000 stores.

Nearly two million people signed up to take part in the lottery.

The People's Bank of China (PBOC) says it plans to launch DCEP later this year, although it is yet to set a date.

In April, it was conducting tests in four cities across China, and intends to pilot the system at future Winter Olympics venues.

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Shenzhen residents embrace digital currency A trial of the currency proves popular, as China's central bank prepares to launch it later this year.

South Korea’s Lee Kun-hee, who made Samsung a global powerhouse, dies at 78

Lee Kun-hee, who built Samsung Electronics into a global powerhouse in smartphones, semiconductors and televisions, died on Sunday after spending more than six years in hospital following a heart attack, the company said.

Lee, who was 78, grew the Samsung Group into South Korea’s biggest conglomerate and became the country’s richest person. But he was also convicted of bribery and tax evasion, and he and the empire he built were vilified for wielding huge economic clout, and for opaque governance and dubious transfers of the family wealth.

“Lee is such a symbolic figure in South Korea’s spectacular rise and how South Korea embraced globalisation, that his death will be remembered by so many Koreans,” said Chung Sun-sup, chief executive of corporate researcher firm Chaebul.com.

Samsung Group affiliates’ 326.7 trillion won ($289.6 billion) in 2019 revenue was worth about 17% of South Korea’s gross domestic product, according to Fair Trade Commission data and a Reuters calculation.

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https://www.cnbc.com/2020/10/26/south-koreas-lee-kun-hee-who-made-samsung-a-global-powerhouse-dies-at-78.html

South Korea's Lee Kun-hee, who made Samsung a global powerhouse, dies at 78 Lee Kun-hee, who built Samsung Electronics into a global powerhouse in smartphones, semiconductors and televisions, died on Sunday.