VALENCIA, Venezuela (Reuters) – Rioting and a fire in the cells of a Venezuelan police station in the central city of Valencia killed 68 people on Wednesday, according to the government and witnesses. Families hoping for news outside the police station were dispersed with tear gas and authorities did not give information until late into […]

The creation of a Chinese “International Blockchain Investment Development Center” announced earlier this month has been cancelled due to the legal technicalities of setting up branch offices, according to a document published on the Investment Association of China’s (IAC) website yesterday, March 27. The document, stamped March 23, writes that social organizations cannot “set up […]

HANOI (Reuters) – A crackdown on corruption in Vietnam unnerved some foreign investors when it intensified last year, but they are now getting much more sanguine about it and some say the business climate is improving as a result. While the campaign by the government of Communist party General Secretary Nguyen Phu Trong has slowed […]

Nvidia Corp. shares suffered their third-worst day since 2011 on Tuesday, as the company’s decision to halt testing of self-driving cars overshadowed new products announced at its annual developers conference. Nvidia NVDA, -1.50%  stock closed with a 7.8% drop at $225.52, with the decline starting after Reuters reported that the company had halted self-driving tests after an Uber […]

The controversial debate with blockchain and cryptocurrency has been affecting this new market for the good, the bad and the ugly. More than ever, crypto giants including Bitcoin, have been fighting their way through stormy weather cringing from the blows. Yet a newcomer on the block, Lendo, a London based fintech start-up, has been sailing through with […]

Banks also weighed on the market as bond yields declined. A steep, late-afternoon sell-off in technology companies pulled U.S. stocks sharply lower Tuesday, knocking 344 points off the Dow Jones industrial average. The market slide erased modest gains from earlier in the day and much of a powerful rally from the day before. Banks also […]

China’s central bank realized the first of what will likely be many Blockchain implementations in the form of the Blockchain Registry Open Platform (BROP), released Monday, March 26. Unveiled at the Global Financial Science and Technology Summit in the city of Hangzhou, BROP is an open Blockchain protocol developed by the Zhongchao Blockchain Research Institute. […]

A second consecutive year of soaring profits on Wall Street pushed the average bonus paid to securities industry employees in New York City to more than $184,000 in 2017, New York state’s top elected fiscal officer reported Monday. The average bonus paid to brokers rose 17 percent to $184,220, state Comptroller Thomas DiNapoli said. Pretax […]

According to a recent report published by New Frontier Data, under full federal legalization the cannabis market has the potential to create cumulatively $105.6 billion in federal tax revenue and 1 million new jobs by 2025. Under the assumption of full legalization in all 50 states, data projects there would be an excess of 654,000 jobs and […]

The global social media platform Twitter has announced today that it will no longer allow advertising for certain cryptocurrency products and services. The news follows similar moves from other internet giants Google and Facebook. The hope is that such bans will help to protect vulnerable investors from deceptive campaigns by fraudulent companies. Google, Facebook, Now […]