Has the virtual currency bitcoin reached a crossroad where it's still uncertain whether it will succeed or turn out to be a complete failure?
One of the leading bitcoin developer Mike Hearn last week labeled the bitcoin as a failed currency and said he was selling off all his bitcoins and moving away from the currency altogether.
On Friday, Citigroup Inc. reported its largest full-year earnings in almost ten years. That shows that the strategy of the firm to get leaner is working to its advantage.
However, shares of Citigroup dipped 6.4 percent which is a bigger drop compared to other banks or considerable size and also the wider market. Drop in oil prices and slowing economy in China has not worked well for financial institutions in the past year. Compared to its contemporaries, Citigroup has greater exposure in international markets which also includes Asia.
According to a new report, hundreds of babies could be saved from Down's Syndrome after the NHS gave its approval for a blood test.
UK's health service, the NHS has said that it will no longer seek permission from bereaved families of registered organ donors.
The book 100 Ideas That Changed the World calls the Romans 'ahead of their time' for their adoptions of public toilets. Despite of the fact that ancient Romans were more well-known for things like military prowess and leafy hats, they have also been lauded for being awesome at toilets.
Brazil's inflation rate grew at a rate beyond the government's expectations for 2015. It was at its highest level compared to figures noted in almost last twelve years.
The more than ten percent rate is an indication for the government to take action to control prices in spite of growing recession.
Thermo Fisher Scientific Inc., will expand its range of laboratory equipment used by scientists and biologists as it buys Affymetrix Inc.
The Waltham, Massachusetts based company agreed to buy Affymetrix Inc. in a deal that's valued at approximately $1.3 billion.
On Wednesday, Morgan Stanley promoted Colm Kelleher, its investment banking chief to the post of president. Now, Kelleher is the heir apparent to the present CEO James Gorman. The company also said that Greg Fleming, the current head of wealth management will leave the company.
On Monday, Smith & Wesson Holding Corp., the Firearm manufacturer raised its projections for revenue and adjusted profit in the current quarter and also the fiscal year. The gun show season had a strong start and also promises strong sales.
On Thursday, the Central Bank of Nigeria said that the foreign exchange reserves in the country dropped to 29.13 billion dollars on December 29.
On its website, the bank said that the drop in reserves represented 2.43 percent from $29.31 billion which was recorded on December 23.
London has one of the costliest property markets in the world and its cheapest flat could come for something more than £75,000.
Advertised on Zoopla, the British property website covering the residential property market, the cheapest flat of London comes for that price. The studio apartment is a significant 84sq foot property and is being offered in the market.
On Monday, Adam Siegel a thirty seven year old bond trader pleaded guilty of conspiring to deceive the customers Royal Bank of Scotland Group Plc by misrepresenting the prices of bond transactions which he and some others handled for them. This was an effort to spike up the profits for the bank.
JPMorgan Chase & Co. agreed to pay $307 million to end a probe by the Securities and Exchange Commission and the Commodity Futures Trading Commission which lasted for almost two years. The probe disclosed flaws and the bank admitted to two wrong doings.
NetApp, the data storage company wants have the best of both the hot trends in the fast changing storage industry as it makes a US$870 million acquisition of startup SolidFire.
The publicly traded company NetApp announced that it has acquired SolidFire, which counts among those startups which made a place in the market for itself selling fast all-flash storage hardware. It's a cash deal.
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