Economy

S&P 500 and other major indices close at record high

Wall Street soared to record highs on Friday, thanks to robust trading in telecommunication shares as well as bouncing back of technology shares after a couple of days of declines.

Bitcoin tumbles after China terms digital tokens risky

Bitcoin suffered its steepest decline since January 2015 on Friday after a senior executive of China’s state-backed internet finance body said the controversial digital currency could pose risks be

Bitcoin is a ‘fraud’ that will eventually blow up: Jamie Dimon

Leveling a harsh criticism about bitcoin, JP Morgan Chase CEO Jamie Dimon said the controversial cryptocurrency is nothing more than a fraud.

Beijing’s central bank bans initial coin offerings

China’s central bank has announced an immediate ban on initial coin offerings (ICOs), also known as token sales, as the authorities plan to keep booming cryptocurrencies under control.

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