Global blockchain unicorn Bitfury launches music business

NEW YORK (Reuters) – Global blockchain company The Bitfury Group, valued recently at $1 billion, announced on Wednesday the launch of a music and entertainment division that will create an open-source music platform secured by the bitcoin blockchain. The open-source platform, named SurroundTM, will encourage collaboration and promote innovation within the industry, the company said. Blockchain, which first emerged as […]

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Netflix boosts Wall Street higher; bank earnings disappoint

(Reuters) – U.S. stocks rose on Tuesday, as hopes of more stimulus for China’s slowing economy and a jump in Netflix shares helped investors look past disappointing earnings from JPMorgan and Wells Fargo. Netflix Inc (NFLX.O) jumped 6.12 percent after the video streaming service pioneer said it was raising prices for its U.S. subscribers. The price increases, ahead of the […]

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Ralph Winter office to invest $300 million in Medici U.S. shared housing

NEW YORK (Reuters) – Medici Living Group said on Tuesday the family office of German real estate investor Ralph Winter has agreed to invest $300 million over three years to develop 1,300 U.S. units of Medici’s Quarters brand of shared housing for young professionals. The initiative, which Medici Living said will make Quarters one of the top U.S. shared-living operators, […]

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U.S. charges suspected hacker, traders over SEC database hack

(Reuters) – U.S. authorities on Tuesday charged a suspected Ukrainian computer hacker and several traders with involvement in a scheme to trade on market-moving corporate earnings news stolen from a U.S. Securities and Exchange Commission database. The charges against 10 defendants, including two charged criminally, relate to a suspected 2016 hacking into Edgar, the SEC’s corporate filing system used by […]

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U.S. Justice Dept broadens restrictions on internet gambling

WASHINGTON (Reuters) – The U.S. Justice Department will effectively prohibit online gambling and lottery businesses, experts said on Tuesday, after it decided to broaden its interpretation of rules governing interstate sports gambling to other forms of betting. The department’s Office of Legal Counsel said in a November 2018 opinion, not released until late Monday, that a 1961 law called the […]

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Trump's attorney general nominee vows to shield Russia probe from politics

WASHINGTON (Reuters) – U.S. President Donald Trump’s attorney general nominee, William Barr, will pledge at his confirmation hearing to protect Special Counsel Robert Mueller’s Russia probe and stress his own independence from the White House, according to prepared testimony released on Monday. “On my watch, Bob will be allowed to complete his work,” Barr said in the prepared remarks ahead […]

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China worries weigh on Wall Street, earnings expectations fall

NEW YORK (Reuters) – U.S. stocks declined on Monday as an unexpected drop in China’s exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicked off. Data showed that China’s exports unexpectedly fell the most in two years in December and imports also contracted. The drop pointed to further weakening of […]

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Wall Street drops after China data, Citi results

(Reuters) – U.S. stocks slipped on Monday, dragged down by technology shares, after an unexpected drop in China’s exports in December fanned worries of a slowdown in global economic growth. The China trade data reinforced concerns that U.S. tariffs on Chinese goods were taking a toll on the world’s second-largest economy, prompting companies such as Apple Inc (AAPL.O) to issue […]

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