Crypto News 

Bitcoin Price Records Minor Correction & Falls to $4,070, Potential Factors

“After recording a new all-time high at $4,410, bitcoin price fell to $4,070, experiencing a minor correction” writes unknown author for cryptocoinsnews.com. Hence, a minor correction in bitcoin price after a strong rally should not be a concern for investors and traders.For instance, in the last week of July, bitcoin price decreased from $2,700 to $2,400, by $300.At the time, Antonopoulos noted: “The reason bitcoin price is dropping is the rapid 1500% rise in 2 years, especially the last 3 months.Despite the recent decline in bitcoin price, highly respected analysts…

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News Stocks 

U.S. stocks recover from North Korea jitters but remain on track for weekly loss

“Opinion: What to do with stocks if the U.S. and North Korea go to war In contrast to the U.S. market, global equities remained weak” writes Markets Reporter for marketwatch.com. Read: Dalio urges investors to buy gold to hedge against possible war with North Korea. On Thursday, the three major indexes logged their worst performances since mid-May in a session dogged by escalating tension between the U.S. and North Korea. Source: marketwatch.com Share This:

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News 

Major Rental-Home Companies Set to Merge as U.S. House Prices Recover

“Two of the bigger institutional owners of single-family rentals in the United States are planning to merge in the latest sign that affordable housing is becoming harder to find as home prices recover in much of the United States” writes Matthew Goldstein for nytimes.com. Since the financial crisis, institutional investors like hedge funds and investment firms, as well as private equity firms, have bought an estimated 200,000 single-family homes to operate as rentals. Source: nytimes.com Share This:

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Kim Swee focuses on fitness, still hoping for Beto recovery

“Khairil was not listed in the preliminary 27-man SEA Games squad by Ong, but he has been with the squad, undergoing recovery and light training” writes Sporting News for sportingnews.com. Two days into the Malaysia U22 training camp ahead of the 2017 SEA Games, matters of fitness and recovery are foremost on Young Tigers head coach Datuk Ong Kim Swee’s mind.”Beto too may recover soon although he was not listed in the preliminary squad, and he has been training with us. Source: sportingnews.com Share This:

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Researchers recover AES256 key using a $230 device

“Using the background electromagnetic radiation given off by a computer system’s electronics, a team of researchers at Fox-IT and Riscure were able to recover an AES256 key in just 5 minutes using a $230 device” reports techspot.com. By comparing characteristic power usage spikes to the known values for each of the 256 values of a byte, researchers were able to effectively recover the key. Source: techspot.com Share This:

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Samsung wants to recover 157 tonnes of rare metals from the recalled Note 7s

“Activist groups such as Greenpeace have called for Samsung to recycle and recover the rare materials found in the Note 7s” reports techspot.com. Samsung said it intends to recover components such as camera modules, memory chips, and OLED displays from the handsets and reuse them for repairs or sell them.The company will also join forces with firms, both in South Korea and abroad, to recycle parts from the handsets. Source: techspot.com Share This:

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News Regulators Stocks 

S&P 500, Nasdaq hold gains after Fed minutes

“The policy makers also indicated eagerness to raise interest rates at least once more in 2017” writes Anora Mahmudova for marketwatch.com. U.S. stocks held on to modest gains on Wednesday after the minutes from the Federal Reserve’s latest policy meeting highlighted the plan to begin the process of shrinking the central bank’s balance sheet later this year.The Fed also seemed confident that inflation will recover after recent soft readings. Source: marketwatch.com Share This:

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Markets News Regulators 

GLOBAL MARKETS-Stocks recover as eyes shift to Fed minutes

“South Korea’s main index rebounded by 0.36 percent and Japan’s Nikkei ended up 0.25 percent” writes Finanzen Net Gmbh for businessinsider.com. The organisation’s global shares index gained 0.1 percent, helped by early gains for most of Europe’s major markets.”North Korea has rattled markets but central bankers are more important,” said Kathleen Brooks, research director at City Index in London.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, regaining half the losses it saw on Tuesday when North Korea fired a missile into Japanese waters.Currency markets were in limbo,…

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Italian bank relaunch disposes $32.5 billion in bad loans

“The remaining 2.5 billion euros in bad loans will be disposed in a separate procedure” writes The Associated Press for seattletimes.com. The Italian government will inject 5.4 billion euros into the bank, giving it a 70-percent stake.The five-year plan calls for a net income above 1.2 billion euros by 2021 as the bank refocuses on retail and small business customers.It is the bank’s third capital injection in recent years as it struggles to recover from poor management and a heap of bad loans that compounded during Italy’s long economic crisis.MILAN…

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