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207 Results / Page 16 of 23

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Business & Lifestyle

Proposed legislation in Hawaii would allow banks to serve as cryptocurrency custodians

HONOLULU (Heartland Newsfeed) -- Proposed legislation in Hawaii's state legislature could change the banking system, allowing for the storage and custody of cryptocurrency. Senate Bill 2594 was filed and introduced in the Hawaii Senate with bipartisan support. The legislation would make it legal for banking institutions in the state to hold "digital securities," "virtual currencies," "digital consumer assets" and other "open blockchain tokens" for their customers and allow the court system to hear cases on digital asset claims. Democratic Sens. […]

todayJanuary 23, 2020 75

Business & Lifestyle

South Korea considering a crypto income tax of 20%

SEOUL (Heartland Newsfeed) -- Crypto holders living in South Korea may want to keep an eye out on recent actions being pursued by their government. A report released Monday from South Korean-based Yonhap News Agency revealed the country's Ministry of Economy and Finance's (SKMEF) tax office is reviewing a proposal that could result in the adoption of a cryptocurrency income tax, which could be as high as 20 percent. An unidentified official who spoke with Yonhap suggests that South Korea […]

todayJanuary 20, 2020 72

Business & Lifestyle

Collins sentenced to 26 months in prison for insider trading

NEW YORK (UPI) -- A Federal judge on Friday sentenced former Rep. Chris Collins of New York to 26 months in prison for insider trading. The Republican pleaded guilty to two counts -- conspiring to commit securities fraud and making false statements -- after initially facing an 11-count indictment. Federal prosecutors accused Chris Collins of encouraging his son, Cameron Collins, and Stephen Zarsky -- Cameron Collins' prospective father-in-law -- to sell their shares in Australian biotech firm Innate Immunotherapeutics using […]

todayJanuary 18, 2020 31

Business & Lifestyle

Intel reclaims top position in semiconductors over Samsung

SEOUL (UPI) -- Samsung Electronics lost its top-ranking position in the semiconductor market last year, as U.S.-based Intel beat the South Korean company, according to global research firm Gartner. The firm said Wednesday Intel's 2019 revenue amounted to $65.8 billion -- down 0.7 percent from a year before -- for a total market share of 15.7 percent. Meanwhile, Samsung saw its sales plunge 29.1 percent to $52.2 billion year-on-year, with a market share of 12.5 percent. Samsung, the world's largest […]

todayJanuary 16, 2020 88

Business & Lifestyle

Raytheon tapped for self-evaluating machine learning system

WALTHAM, Mass. (UPI) -- Raytheon Co. announced on Monday it has begun work on a machine-learning technology allowing machines to teach machines through artificial intelligence use. The $6 million contract is one of four, valued at a total of $20.9 million, between the U.S. Defense Research Projects Agency and Raytheon BBN Technologies, SRI International, BBN Technologies, Teledyne Scientific & Imaging and BAE Systems. The new deal calls for the development of systems able to communicate information and the conditions of […]

todayJanuary 13, 2020 43

Business & Lifestyle

New Hampshire retailers voice opposition to new tax on electronic devices

CONCORD, N.H. (The Center Square) -- Advocates for New Hampshire retailers have voiced strong opposition to proposed legislation that would put a tax on electronic devices. House Bill 1492 would create a 4.3 percent tax on the retail sale of electronic devices, including computers, TVs, video games and cellphones. The revenue would be put toward funding education in the state. In an email response to The Center Square, New Hampshire Retail Association president/CEO Nancy Kyle provided excerpts of a briefing that […]

todayJanuary 13, 2020 22

Business & Lifestyle

Aramco raises $29.4 billion in world’s biggest initial public offering

NEW YORK/DHAHRAN, Saudi Arabia (UPI) -- Saudi Arabia's Aramco raised $29.4 billion in the world's largest initial public offering, surpassing the oil company's original listing by $5 billion. Goldman Sachs Group Inc., one of the underwriters of the IPO, exercised the option to place 450 million additional shares that were initially separated to avoid price swings, according to a statement. The shares at $8.53 were placed with investors during the book-building process. The stabilization period ended Friday. "The 450 million […]

todayJanuary 12, 2020 45

Business & Lifestyle

EDITORIAL: Twitter, Spotify choose to be losers in 2020 election ad race while Facebook, Google cash in

Presidential candidates running for the role of commander-in-chief have spent more than $105 million on digital ads to date. Facebook and Google have received a lion's share of the ad revenue. Twitter chose to opt-out for the 2020 presidential election, and just recently, Spotify decided to opt-out as well. This is despite political organizations like the campaign of Bernie Sanders and the Republican National Committee who previously utilized the platform's paid ad network. With billionaires in the presidential race, such […]

todayDecember 28, 2019 103

Business & Lifestyle

Musk predicts Las Vegas tunnel to be completed in 2020, ahead of schedule

LAS VEGAS (UPI) -- Entrepreneur Elon Musk said he believes the Las Vegas tunneling system his Boring Company is creating under the city's convention center could be done by next year, possibly months ahead of schedule. Musk, the founder of Tesla and SpaceX, made the prediction on Twitter. The $48.7 million project will transport visitors to and from the massive Las Vegas Convention Center along three spots to the Las Vegas Strip, turning a 15-minute walk into a one-minute trip. […]

todayDecember 28, 2019 108

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