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(Bloomberg) — Bitcoin hit its highest level since mid-May and continues to build momentum. The largest cryptocurrency gained Sunday for an 11th day in the past 12 and traded up to $42,606, its highest since May 18. Market watchers have pointed to $40,000 as an important inflection point. It was up about 0.5% at $41,739 as of 6:13 a.m. New York time on Sunday. “A run like this certainly suggests some flow backing,” said Jonathan Cheesman, head of over-the-counter and institutional sales at… Source link

BEIJING, China, Aug. 01, 2021 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered 8,589 Li ONEs in July 2021, crossing the 8,000-vehicle milestone for the first time while hitting a new record. The deliveries were up 11.4% month over month and 251.3% year over year, a remarkable rate of growth. As of July 31, 2021, total deliveries in 2021 reached 38,743, bringing… Source link

BEIJING (Reuters) – China’s securities regulator said on Sunday it will seek closer cooperation with its U.S. counterpart and will support overseas listings, after U.S. regulators tightened disclosure for Chinese companies and voiced concern about Beijing’s regulatory actions. The China Securities Regulatory Commission (CSRC) said in a statement that it had taken note of the U.S. Securities and Exchange Commission’s (SEC) new requirements for disclosure regarding Chinese companies’ listings… Source link

Bitcoin, BTC to USD, fell by 1.79% on Saturday. Partially reversing a 5.43% rally from Friday, Bitcoin ended the day at $41,439.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $42,398.0 before hitting reverse. Falling well short of the first major resistance level at $43,562, Bitcoin fell to a late afternoon intraday low $41,051.0. While steering clear of the first majors support level at $39,605, Bitcoin fell through the 38.2% FIB of $41,592. Steering clear of… Source link

What happened: New data shows the difficulty of Bitcoin (CRYPTO: BTC) mining is on the upswing. According to data from BTC.com the level of difficulty to mine the cryptocurrency increased by 6% on Saturday. It’s the first increase in difficulty for Bitcoin miners since the digital currency began to crash in May, according to a report from Decrypt. Why it’s important: The rate of difficulty has plunged since peaking at a record high in mid-May. The level continued to decrease in June and… Source link

Variety What’s Coming to Disney Plus in August 2021 In August, Disney Plus is bringing new episodes of freshman series such as “Chip ‘n’ Dale,” “Monsters at Work” and “Turner & Hooch” to the streaming service. The streamer will also have some throwback movies like “Beverly Hills Chihuahua” series, “Mrs. Doubtfire,” “Aquamarine” and “Eragon.” The first-ever animated Marvel Cinematic Universe series, “What If?,” will […] Source link

What happened: A new report indicates Amazon.com Inc. (NASDAQ: AMZN) needs to invest billions of dollars into the expansion of its warehouse and delivery system to keep up with consumer demand. Reuters reports the online retailer is running out of space and available labor. Amazon has almost doubled its network of warehouses in an 18 month period, although more investments are being planned. Why it’s important: Amazon is “running out of labor,” according to Andrea Leigh, vice president… Source link

When the COVID-19 pandemic shut down businesses across the country, Rubin Stack decided it was the right time to start a new one. It was an idea the independent-minded entrepreneur had been mulling over during the crisis: a functional workspace desk, called , was meant to offer a solution to modern students and work from home employees. Stack experienced how his kitchen table morphed into a multi-use zone that encapsulated a home office, dining area and video conference center — often all at… Source link

Google has recently been selling a combo-package of the Stadia Controller and 2020 Chromecast as a limited-time promotion. But as spotted by 9to5Google, the company has now made the pair a permanent bundle that it’s calling the “play and watch” package. For $99.99, you get both the controller and streaming dongle. That’s a savings of $19 compared to buying both products separately. Google is also promoting the Chromecast ethernet adapter as a recommended accessory; if you want… Source link

Chinese government officials are announcing plans to continue a crackdown on cryptocurrency trading and speculation. What happened: In a statement released on Saturday, the People’s Bank of China says it will “maintain high pressure on virtual currency trading hype.” Noting that the central bank has been “severely cracking down on illegal activities of virtual currency” this year and will continue supervising financial platforms operating in the country. Decrypt reports that the… Source link