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On December 17th, the Economic Times of India reported, citing sources familiar with the matter, that Apple is in preliminary talks with several Indian chip manufacturers regarding the assembly and packaging of iPhone components. The report stated that this marks the first time Apple has considered assembling and packaging some chips in India; however, it is unclear which chips will be packaged at its Sanand factory in Gujarat, though it is likely display chips. Apple has already held talks with CG Semi, a subsidiary of the Murugappa Group. CG Semi is building an Outsourced Semiconductor Packaging and Testing (OSAT) facility in Sanand.Japan Aerospace Exploration Agency (JAXA) announced that the launch of the H3 rocket, originally scheduled for Wednesday, has been cancelled due to a facility malfunction.Due to an emergency, the launch of the H3 rocket carrying the Japan Aerospace Exploration Agencys Michibiki 5 satellite system has been postponed.The Venezuelan government stated that US President Trumps blockade was "completely irrational" and violated free trade and freedom of navigation.December 17 – The Hong Kong Special Administrative Region Government officially launched public consultation today on the 2026/27 Budget. Financial Secretary Paul Chan Mo-po stated that next year marks the start of the nations 15th Five-Year Plan, and how Hong Kong can further expand the scope and areas of its economic development, accelerate the cultivation and application of innovation and technology, and expedite the optimization of its industrial structure to better integrate into and serve the overall national development strategy; while simultaneously creating more high-quality jobs so that the fruits of economic growth and diversification can better benefit the citizens, will be key issues in the new fiscal years budget.

Estimates from CoinMarketCap indicate that the overall market value of cryptocurrencies has topped $1 trillion, up 3.3% on the day

Cory Russell

Oct 28, 2022 15:12

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News context

According to Mike McGlone, a strategist for the Bloomberg exchange, the successful adoption of the Proof-of-Stake consensus method by the Ethereum network has set the stage for the second-largest cryptocurrency's continuous rise.


A record $1.2 billion in investor assets were lost by ProShares' first US bitcoin futures ETF in the first year of operation. The exchange-traded fund industry's history shows that this was the poorest launch performance ever. Nevertheless, a number of investors continue to believe in Bitcoin; in fact, the ProShares Bitcoin-ETF has experienced net inflows of $87 million over the last six months.


The biggest crypto venture capital firm, Andreessen Horowitz, had a 40% decline in capitalization in the first half of the year, according to the Wall Street Journal.


The Financial Services and Markets Bill was amended by the UK Parliament to require that cryptocurrencies be regulated as financial instruments.


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