Coinbase, a San Francisco startup that allows people to buy and sell digital currency, became the first major cryptocurrency company to go public when it made its stock market debut on Wednesday.
Trading began around $381 a share, pushing the company’s valuation close to $100 billion. That’s about what Facebook was worth when it had its initial public offering in 2012.
A senior Bank of Japan official played down the potential for China’s digital yuan to threaten the dollar’s position as the world’s main reserve currency.
“The dollar’s status as the key global currency won’t change so easily,” said Kazushige Kamiyama, head of the BOJ’s payment systems department and the person in charge of looking into a virtual Japanese currency. “In fact, the dollar’s advantage may strengthen further if the U.S. goes with digitalization.”
An expert advisory committee to the Centers for Disease Control and Prevention decided Wednesday it needed more time to consider whether to recommend to resume administering the COVID-19 vaccine made by Johnson & Johnson.
The committee’s emergency meeting took place less than 36 hours after the CDC and the Food and Drug Administration called for a voluntary pause after receiving reports of serious side effects seen in six women who had received the Johnson & Johnson vaccine.
The U.S. housing market is 3.8 million single-family homes short of what is needed to meet the country’s demand, according to a new analysis by mortgage-finance company Freddie Mac.
The estimate represents a 52% rise in the nation’s home shortage compared with 2018, the first time Freddie Mac quantified the shortfall.
As the people of England and Wales celebrate the end – or at least the beginning of the end – of the COVID restrictions that have stifled the economy for more than a year, new data from the Office of National Statistics have illustrated a startling conclusion: nearly 25% of registered COVID-19 deaths actually aren’t being killed by the virus, something that we have been discussing here at Zero Hedge since we first pointed out that motorcycle accident deaths were being labeled “COVID deaths” in Florida.
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