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decentralized supercomputer testnet attracts over 1.5 million nodes globally

Nexus' decentralized supercomputer testnet attracted over 1.5 million nodes from 187 countries in just five days, demonstrating significant global interest. The testnet, which ran from December 9 to 13, featured around 800,000 web nodes and 700,000 command-line interface nodes, with mobile devices generating 37% of the traffic. CEO Daniel Marin emphasized the need for trust-driven innovations in blockchain and AI while acknowledging the company's selective control over the programs supported by the network.
Cointelegraph
Nexus KRW Internet Computer USD ETH POL Daniel Marino
Technology & Innovation, News Article
07:04 20.12.2024

Geneva trader faces EU sanctions over Russian oil dealings

A Geneva trader, Niels Troost, has been sanctioned by the EU for his involvement in Russian crude oil transactions through a Dubai subsidiary of Paramount Energy & Commodities SA, with asset freezes imposed. Troost, who denies the allegations, was previously sanctioned by the UK in February. In other news, negotiations between Switzerland and the EU are expected to conclude today, while ETH Zurich has fired professor Thomas Crowther following allegations of inappropriate behavior. Additionally, a report on the Credit Suisse crisis is set to be presented by the Parliamentary Commission of Inquiry.
Blick
Russian Ruble Euro United States Dollar Credit Suisse Real Estate Fund Siat GBR RUS CHE FRA Joël François Mesot Robert Piguet Kevin Germanier Thomas Crowther Niels Troost Ursula von der Leyen Show more
Finance & Economy, News Article
07:03 20.12.2024

solana price faces retracement as key support levels come into focus

Solana is experiencing a bearish trend, currently priced at $217, following a 3% loss in the past 24 hours. Key support levels to watch are $210, $194, and $183.4, while resistance levels include $247 and $264.4. A significant rebound is anticipated if the price tests the ascending trendline established since September.
NullTX
Solana USD
Finance & Economy, Market Report
07:03 20.12.2024

julius baer explores sale of brazilian unit amid interest from major firms

Julius Baer's Brazilian business is attracting interest from major players including BTG Pactual, Santander, XP, and Safra, with a deal anticipated soon. The bank manages approximately 50 billion reais in Brazil, and the asking price for its unit is between 800 million and 1.2 billion reais. A joint venture could also be a possibility as negotiations progress.
Tippinpoint.ch
Swiss Franc Brazilian Real Banco Santander, S.A. XP Inc. CHE BRA Juan Carlos Recoder
Finance & Economy, News Article
07:02 20.12.2024

credit suisse collapse raises questions on bank failure management in switzerland

The long-awaited report on Credit Suisse's collapse reveals that responsibility lies more with management than authorities. Experts argue that UBS, now too big to fail, must also be allowed to fail, emphasizing the need for better crisis management and preparation for orderly liquidation to protect the Swiss economy.
rsi
Credit Suisse Real Estate Fund Siat CHE Peter V. Kunz
Finance & Economy, Transcript
07:01 20.12.2024

El Salvador purchases 11 Bitcoin after IMF deal despite cryptocurrency limits

El Salvador purchased 11 Bitcoin worth $1 million just a day after securing a $1.4 billion deal with the IMF, which imposed limits on the country's cryptocurrency dealings. This acquisition breaks its previous pattern of buying one Bitcoin daily, raising its total holdings to approximately 5,980.77 BTC, valued at around $580 million. Despite the IMF's stipulations, the National Bitcoin Office indicated that the government would continue to buy Bitcoin, emphasizing its commitment to the cryptocurrency strategy.
Cointelegraph
United States Dollar International Monetary Fund FUND SLV Nayib Bukele Stacy Herbert
Finance & Economy, News Article
06:57 20.12.2024

ethereum price declines amid macroeconomic uncertainty and bearish market sentiment

Ethereum's price has sharply declined to around $3,300 after peaking near $4,100, driven by macroeconomic uncertainties and bearish sentiment in the cryptocurrency market. Concerns over a potential U.S. government shutdown and recession fears in New Zealand have led to increased selling pressure, as traders exhibit risk-averse behavior.On-chain metrics reveal a rise in inflows to exchanges, indicating a trend of traders offloading their holdings, while the Net Unrealized Profit/Loss metric shows a contraction in unrealized profits, suggesting growing capitulation among market participants. This environment of declining open interest in the futures market further underscores a lack of confidence in a price recovery.
Coinchapter
NZL USA
Finance & Economy, Market Report
06:49 20.12.2024

asian shares decline as investors await us inflation data

Asian shares fell to a three-month low as investors awaited crucial U.S. inflation data, with the dollar reaching a two-year peak. The Bank of Japan's dovish stance and steady lending rates contributed to the yen's decline, while U.S. Treasury yields surged, reflecting market concerns over economic policy and geopolitical uncertainty.
reuters.com
United States Dollar Japanese Yen Euro Chinese Yuan TD Securities Inc. MSCI Inc. JPN James Rossiter Kazuo Ueda
Finance & Economy, Market Report
06:43 20.12.2024

quantum computing threatens bitcoin security as new technology emerges

Google's new quantum computing chip, Willow, promises to revolutionize processing power, solving complex problems in minutes that would take traditional supercomputers billions of years. This advancement poses a potential threat to cryptocurrency encryption, particularly Bitcoin, as quantum computers could eventually crack existing algorithms. Meanwhile, Satoshi Nakamoto's Bitcoin holdings have surged in value, making him one of the world's richest individuals, raising concerns about market stability if he were to sell.
Tippinpoint.ch
United States Dollar Google Inc. Ripples USD USA Bill Gates Dominic Weibel Satoshi Nakamoto Luzius Meisser Show more
Technology & Innovation, News Article
06:31 20.12.2024

RBC Wealth Management appoints new leader for Pacific Northwest region

RBC Wealth Management has appointed a new leader for its Pacific Northwest operations. This strategic move aims to enhance the firm's presence and service offerings in the region, reflecting its commitment to growth and client engagement.
Puget Sound Business Journal
USA
Finance & Economy, News Article
06:31 20.12.2024
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