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Bitcoin Further Falls Below $13,000 Investors Sweat

22Dec By PriyankaNo Comments

News

Bitcoin Further Falls Below $13,000 Investors Sweat

Bitcoin dipped further 21 percent on Friday, adding up to its loss towards 40 percent, the investors look worried. The world's most popular cryptocurrency dropped to $12,191.80 before trading at $12,975.50 as of 3:47 p.m. in Hong Kong. The Bitcoin has been tumbling from its peak of $19,511, but still 1100% of what it started at the year start. Other cryptocurrencies also plunged, with bitcoin cash crashing 38 percent and ethereum losing 26 percent over the past 24 hours, according to coinmarketcap.com. Investors are having a "reality check," said Stephen Innes, head of trading for Asia Pacific at Oanda Corp. "At the heart of the matter was a frenzied demand for coins with limited supply has now led to unsophisticated investors holding the bag at the top." The plunge comes amid gro...

How China is Blocking the World’s Most Popular Websites

21Oct By RishabhNo Comments

ANALYSIS

How China is Blocking the World’s Most Popular Websites

You might be visiting China and already know that you cannot access your Facebook account and post pictures of your tour, but there are a lot more popular websites that are blocked in China. An army of Chinese government blocks and filters some of the most popular websites in the world. Besides the world's most popular American-video sharing website YouTube and Alphabet Inc's Google, even Twitter and Instagram are blocked in China. This operation of filter is world's biggest operation of online censorship aka The Great Firewall of China. China has 731 million internet users which have really tight restrictions around them. During the Communist party in October, China cramped up its online crackdown, blocking American service- Whatsapp and pornographic websites like hdtubemovies in...

Dell to Cut 2,000-3,000 Jobs as EMC Deal Closes

9Sep By reutersNo Comments

News

Dell to Cut 2,000-3,000 Jobs as EMC Deal Closes

Dell Technologies, which completed the acquisition of data storage company EMC Corp on Wednesday, will cut 2,000-3,000 jobs, Bloomberg reported. Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. The layoffs will be mainly in supply chain, marketing and general and administrative divisions, Bloomberg said, adding that the combined company has 140,000 employees. "As is common with deals of this size, there will be some overlaps we will need to manage and where some employee reduction will occur," Dell spokesman Dave Farmer said. He, however, declined to comment specifically on the report. Dell, which was taken private by founder Michael Dell along with private equity firm Silver Lake Management in 2013, agre...

Bloomberg Acquires Barclays Risk Analytics

25Aug By AnkitaNo Comments

ACQUISITION

Bloomberg Acquires Barclays Risk Analytics

US-based Bloomberg today completed acquisition of Barclays Risk Analytics and Index Solutions Ltd for an undisclosed sum. The transaction includes the widely-used Barclays fixed income benchmark indices, Barclays Risk Analytics strategy indices, and the intellectual property of the POINT portfolio analytics solution, Bloomberg said in a statement. The benchmark indices will be co-branded Bloomberg Barclays Indices for an initial period of five years. Bloomberg will also act as the calculation agent for the Barclays quantitative investment strategy index business and Barclays strategy indices. The acquisition enables Bloomberg to incorporate sophisticated models and analytics from POINT into Bloomberg PORT and augment these with data, news, alerts, mobile capabilities and Bloomb...