Tag Archives: strain

(Bloomberg) — El Salvador’s declaration of Bitcoin as legal tender could create challenges for both the country and the cryptocurrency, according to a team from JPMorgan Chase & Co. Bitcoin trading volumes commonly exceed $40 billion to $50 billion per day, but most of that is internalized by major exchanges, said a group from JPMorgan including Steve Palacio, Joshua Younger and Veronica Mejia Bustamante, in a report Thursday. A large portion of Bitcoin is locked up in illiquid entities,… Source link

Kevin Durant is slated to miss more time. One game after returning from a stint in COVID-19 quarantine, the Brooklyn Nets star is sidelined with a hamstring strain. The Nets announced on Sunday that Durant will miss at least two games with the injury. The Nets are scheduled to face the Sacramento Kings on Monday and the Phoenix Suns on Tuesday. A showdown with the Los Angeles Lakers looms Thursday. It’s not clear when or how Durant suffered the injury. After missing three games last week… Source link

Google’s privacy standoff with Apple has lasted so long that even the company’s own apps are complaining about it. Since early December, Apple has required any iOS app to include a privacy “nutrition label”, listing all the ways the app uses personal data. Those labels, which are written by the app developers, range from short and sweet – the podcast app Overcast, for instance, lists six uses of personal data, from usage information for analytics to user IDs for the app’s sign-in… Source link

Stocks fell sharply Monday, tracking declines in European and Asian equities as concerns mounted over a new infectious strain of the coronavirus identified in the UK. The Dow shed more than 200 points, or 0.8%, while the S&P 500 dropped about 1% around market open. Stocks poised to benefit from an economic reopening – including airlines, cruise lines and lodging firms – fell Monday morning, unwinding some of the gains made over the past month amid rising vaccine optimism. The CBOE… Source link

Watch: Pound and FTSE 100 fall sharply as markets react to Europe’s UK travel bans UK stocks and the pound sold off sharply on Monday morning, as investors reacted to fresh pandemic restrictions in Britain and news that much of Europe had shut its borders to the UK. Billions were wiped off the FTSE 100 on Monday morning after a new more infectious strain of COVID-19 sparked panic among investors. Stock markets fell sharply around the globe amid fears that the strain could spread… Source link