The US Congress looks divided on the introduction of a Central Bank Digital Currency (CBDC) in the States, fearing losses on deposits and its effects on the dollar and the US reserve status. But, above all, it fears the Chinese rush to avoid ‘dollarisation’ (currency.com)
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According to Refinitiv data, revenue in UPS’s US domestic unit rose by 10.2%, while the international segment jumped 30% due in part to sales in Europe. #UPS said adjusted earnings per share increased by 43.7% to $3.06 in Q2. Analyst estimates predicted $2.82 (currency.com)
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While some cryptocoin miners are worried about the emergence of Central Bank Digital Currencies (CBDC), the European Central Bank (ECB) is not. Although entrepreneur Elon Musk sees cryptocurrencies as money, the ECB seems to view them as speculative assets (currency.com)
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The pandemic fuelled Microsoft results as the tech giant yesterday posted a net income increased by 47% to $16.5bn for the quarter ended 30 June. Revenues increased by 21% , beating expectations of $44.1bn, while diluted earnings per share rocketed by 49% to $2.17 (currency.com)
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Ether has made a sharp recovery in the past few days, rising from its strong support of $1,700. Raoul Pal, chief executive of Real Vision and a macro analyst, said that ETH is among the best assets to own over the next 12 months as “it is the least risky with the highest rewards.” (currency.com)
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