November 10, 20240 Comments

Antarctica’s “Doomsday Glacier” is set to retreat “further and faster,” scientists warn

The outlook for “Doomsday Glacier” just got gloomier.  Scientists are warning the Antarctic Ice Sheet, known formally as the Thwaites Glacier, will deteriorate “further and faster” and that sea level rise triggered by the melting could impact “hundreds of millions” in coastal communities. “Towards the end of this century, or into the next century, it is very probable that we will see a rapid increase in the amount of ice

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November 10, 20240 Comments

Solana Decentralized Exchange Altcoin Skyrockets by More Than 400% on Friday After New Exchange Listing

A Solana (SOL)-based decentralized exchange (DEX) altcoin surged by more than 5x on Friday after South Korea’s largest crypto exchange rolled out trading support for the asset. Traders on the Seoul-based Upbit can now purchase and unload DRIFT, the native asset for the Drift Protocol, an open-source DEX that enables transparent and non-custodial trading. Explains the project’s whitepaper, “Drift was designed with a goal to be capital-efficient but also protective of

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November 10, 20240 Comments

Top Analyst Says XRP Price Will Flip Ethereum Price, Here’s Why

Crypto analyst Dark Defender has stated that the XRP price will flip the Ethereum price in this market cycle in terms of market cap. He outlined reasons why this is possible and went on to declare that XRP could take over its crown from Bitcoin. Why The XRP Price Can Flip The Ethereum Price In an X post, Dark Defender outlined five reasons why the XRP price can flip the

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November 10, 20240 Comments

US CPI, Fed Powell Speech Among 5 Key Crypto Events To Watch This Week

The crypto market eagerly awaits the US CPI inflation data this week, which is likely to decide the future path of the Federal Reserve’s monetary policy plans. Besides, a flurry of other key events, including Fed Chair Jerome Powell’s speech is also scheduled later this week. Notably, this comes a week after the US FOMC decided to cut interest rates for the second time this year. US CPI, Fed Chair

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November 10, 20240 Comments

Cardano Founder Charles Hoskinson Confirms Crypto Advisor Role Under Donald Trump

Cardano Founder Charles Hoskinson has confirmed plans to collaborate with the U.S. government under Donald Trump to help shape crypto legislation. The goal is to create clear regulatory frameworks for the cryptocurrency industry, which has faced years of uncertainty and regulatory challenges. Charles Hoskinson revealed these plans during a recent address, where he emphasized the need for bipartisan support in developing crypto-friendly policies. This development comes as Cardano, along with

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November 10, 20240 Comments

Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says

By Karen Freifeld and Fanny Potkin NEW YORK/SINGAPORE (Reuters) – The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday, according to a person familiar with the matter. The Department of Commerce sent a letter to TSMC imposing export restrictions on certain sophisticated chips, of 7 nanometer or more advanced designs, destined for China

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November 10, 20240 Comments

Will Trump victory spark global trade war?

Donald Trump vowed on his campaign that he would tax all goods imported into the US if he won back the White House. Following his victory, businesses and economists around the world are scrambling to work out how serious he is. Trump sees tariffs as a way of growing the US economy, protecting jobs and raising tax revenue. In the past, he has targeted tariffs at individual countries such as

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November 10, 20240 Comments

JPMorgan Chase CEO Jamie Dimon has no plans to join Trump administration

Major banks release first quarter earnings Dimon says JPMorgan Chase’s numbers are strong, but warns of future threats in earnings report 05:07 JPMorgan Chase CEO Jamie Dimon will remain in his post at the bank and has no plans to take a position within the Trump administration, a source familiar with the matter told CBS MoneyWatch Wednesday.  Despite speculation that he might be in the running to be appointed U.S.

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