Author: News Room

Digital asset trader Cumberland DRW said it secured a virtual currency license called BitLicense from the New York State Department of Financial Services (NYDFS). The license comes after fulfilling all the requirements as stipulated by New York. Cumberland is the subsidiary of Chicago-based high-frequency trading company DRW. It is reportedly among the few entities that hold a BitLicense in New York. Cumberland commits to regulatory compliance Securing BitLicense means the trading platform can now foster strong relationships with its institutional counterparts in the industry. In a post on X platform, Cumberland also revealed its commitment to work hand in glove…

The question wasn’t even directed toward President Joe Biden, but his determination to get in an answer created a revealing moment about the war in Ukraine, Russian President Vladimir Putin’s war machine and deepening US tensions with China. Ukrainian President Volodymyr Zelensky was asked at a press conference in Italy last week about whether China was selling Russia arms for use in the war. Biden, who was standing beside him, waited for Zelensky to say President Xi Jinping told him he would not do so, before delivering a parting shot and ending the event. “By the way, China is not…

Just two minutes into the Euro 2020 final, Italy showed just how durable they were against their English adversaries. Interestingly, that was the last time a men’s senior Italian team competed in a major tournament before the come-from-behind victory over Albania at Signal Iduna Park on Saturday. Azzurri fans have fond memories of this stadium, located in Dortmund, the same city where Fabio Cannavaro’s persona of 2006 tore Germany to shreds in that unforgettable World Cup semi-final. Fabio Grosso curled in on the left, Alessandro Del Piero on the right, a damaging quick-fire combination that put the host nation on…

The recent sale of a 1 cent Ben Franklin stamp for $4.4 million, the most expensive U.S. stamp ever sold, again raises for consideration the question, “Are postage stamps good investments?” Certainly Bill Gross, the seller of this stamp thinks so. So too does the buyer of this item, whoever that may be. Both are people of means, a measure that doesn’t suffer fools. As a matter of record, there are many, many stamps that have sold for prices in the 6 and 7 digit range with one, the British Guiana selling for some $7 million and then being syndicated…

This as-told-to essay is based on a conversation with Maria Estrada, 51, who is a plant-science lecturer at Fresno State and the mother of two teenagers. It’s been edited for length and clarity.Both of my kids love to compete in science fairs. Combined, they’ve won more than $67,000 in awards for their projects.You need to be respectful and compassionate — that’s part of our Filipino culture. We tried to emphasize to them that academics are important, but you need to also be a well-rounded person.But screen time is one thing that I am probably not good at. My son John…

Wells Fargo may have underestimated just how savvy young professionals could be with a credit card that rewards renters.In 2022, Wells Fargo, the San Francisco-based bank, partnered with Bilt Technologies, a fintech startup, to offer a rewards program that incentivizes customers to pay rent with a credit card.For many young renters, the allure was clear: Bilt offered a zero-annual-fee card that allowed its users to earn a point for every dollar spent on rent without incurring transaction fees. The only requirement was that customers make five transactions each statement period to earn the points.Customers could also receive points for travel…

By Andrew Gray and Jan Strupczewski BRUSSELS (Reuters) – European Union leaders ended a discussion on who should take the bloc’s top jobs for the next five years without agreement on Monday, aiming instead for a decision at a summit next week. The leaders’ meeting was the first since the European Parliament election, which saw gains for the centre-right and right-wing nationalists, but humiliating defeats for French President Emmanuel Macron and German Chancellor Olaf Scholz. Over dinner in Brussels, the EU’s 27 national leaders discussed who should run the powerful European Commission executive body, who should chair their European Council…

Gold price starts week on back foot as high US yields dent appetite for the non-yielding metal. Fed officials signal only one rate cut in 2024 via Minneapolis Fed’s Neel Kashkari. Upcoming US economic data releases, including Retail Sales and Industrial Production, to influence Gold price. Precious metals traders await US Retail Sales and Industrial Production on June 18. Gold prices retreated on Monday due to rising US Treasury bond yields after Federal Reserve (Fed) officials decided to keep rates unchanged and revised their expectations on rate cuts from three to one later in the year. Therefore, the XAU/USD trades…

Toncoin, the native cryptocurrency of The Open Network (TON) blockchain, has recently experienced notable price appreciation and rapid growth in its ecosystem. After a period of consolidation between $1 and $2 since 2022, TON’s price has surged to reach a record high of $8.25 on June 15. This achievement is accompanied by a significant increase in the TON blockchain’s Total Value Locked (TVL), doubling from $300 million. TON Blockchain’s TVL Hits $600 Million According to technical analyst Kyle Doops, the TON blockchain’s TVL has experienced an unprecedented surge, reaching $608.65 million and doubling its value within three weeks. For Doops,…

The Food and Drug Administration on Monday approved Merck’s new vaccine designed to protect adults from a bacteria known as pneumococcus that can cause serious illnesses and a lung infection called pneumonia, the drugmaker said.Merck’s shot, called Capvaxive, specifically protects against 21 strains of that bacteria to prevent a severe form of pneumococcal disease that can spread to other parts of the body and lead to pneumonia. It’s the first pneumococcal conjugate vaccine designed specifically for adults and aims to provide broader protection than the available shots on the market, according to the drugmaker.Healthy adults can suffer from pneumococcal disease. But…