Bitcoin Surges Past $16K: Will the Bubble Burst?


Cryptocurrency bitcoin soared to $16,777 on Thursday, reaching a market capitalization of $274 billion, according to Bloomberg’s composite of exchanges. That was up from just $10,000 last week, and up some 1,500 percent from the beginning of 2017. The latest price increases have come as bitcoin increasingly has been recognized as a legitimate form of currency. The Commodity Futures Trading Commission last week announced that it would allow the trading of bitcoin derivatives on the CME Group and CBOE Global Market exchanges.

The original article can be found here: http://www.ecommercetimes.com/story/84993.html?rss=1

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After Blowout IPO, Is Snap a Keeper?


Shares of Snapchat owner Snap Inc. soared higher on Friday, following Thursday’s successful IPO. After debuting at $17.00 on the New York Stock Exchange, Snap shares rose 44 percent to $24.48 on Thursday, well above analyst expectations, placing the company’s value at $28 billion. The stock continued to trend upward on Friday, trading at $27.16 by mid-day. The Snapchat app is used primarily to send photos and short videos to friends. It initially gained a reputation as a favored app for “sexting” among teenagers and young adults.

The original article can be found here: http://www.ecommercetimes.com/story/84344.html?rss=1

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Bitcoin Rides the Uncertainty Wave


The price of bitcoin soared to a new three-year high on Monday, surpassing the $1,000 mark for the first time, in response to economic and geopolitical uncertainty in China following the U.S. presidential election. The price of bitcoin stood at more than $1,025 in late trading on Tuesday, after rising to nearly $1,030. The market cap was $16.49 billion, according to CoinDesk. The price of bitcoin last reached an all-time high in November 2013, when it traded at $1,163. The price of bitcoin is closely linked to events in the Chinese market.

The original article can be found here: http://www.ecommercetimes.com/story/84200.html?rss=1

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Messaging app Line soars in year's largest tech IPO

Line, operator of a Japanese messaging app popular in several Asian countries, soared in its debut on the New York Stock Exchange on Thursday morning after completing the largest public offering of any tech company this year.

The original article can be found here: http://rss.cnn.com/~r/rss/cnn_tech/~3/pKUKt1wFvlk/index.html

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Nintendo Shares Surge on Pokemon Go Juggernaut


Nintendo shares soared on Monday after its new augmented reality mobile app, Pokemon Go, burst out of the gate over the weekend in the U.S and in key markets around the globe. The company’s shares rose 36 percent in two days, after downloads of the Pokemon Go app raced to the top of iOS and Android charts in the U.S. The wave of demand exceeded expectations, said Morgan Stanley MUFG analyst Mia Nagasaka, in a note to investors. “Especially noteworthy is that there were no aggressive marketing campaigns prior to the app going live,” she wrote.

The original article can be found here: http://www.ecommercetimes.com/story/83685.html?rss=1

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Tim Cook 'positive' on China as local revenues surge 99% to $12.5B

Article Image Apple’s Chinese revenues soared 99 percent year-over-year in its fiscal fourth quarter, growing from just under $6.3 billion to about $12.5 billion, as CEO Tim Cook sounded optimistic tones about the company’s plans for the region.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4b055ae1/sc/28/l/0Lappleinsider0N0Carticles0C150C10A0C270Ctim0Ecook0Epositive0Eon0Echina0Eas0Elocal0Erevenues0Esurge0E990Eto0E125b/story01.htm

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