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Elon Musk's Boring Company set to unveil its first Los Angeles-area tunnel

The tunnel, an initial proof-of-concept, has been excavated along a path that runs not through Los Angeles but beneath the tiny adjacent municipality of Hawthorne, where Musk's Boring Company and his SpaceX rocket firm are both headquartered. The Boring Company announced plans for a live webcast on Tuesday at 8 p.m. local time (0400 GMT) of what it called a "product launch" for the tunnel, but gave scant details. In a tweet earlier this month, Musk said the big reveal would include "autonomous transport cars & ground to tunnel elevator cars." Boring's website describes a system of passenger- and automobile-carrying "skates" that can zip through the tunnels by way of electric power once they are lowered underground from street level.

Coinbase Now Lets You Convert your Altcoins into Bitcoin

Want to convert your altcoins to bitcoins this Christmas? Coinbase has launched Coinbase Convert, a new feature that allows retail users to make direct crypto-to-crypto conversions on the exchange.Quick Crypto ConversionsThe new feature, which was announced on December 17, 2018, will allow customers to sell one cryptocurrency to buy another, saving traders both time and multiple fees.According to the company announcement, "conversions complete instantly and at a lower cost than if done via two separate transactions.”Coinbase Convert will initially support conversions between bitcoin, ether, litecoin, ethereum classic, 0x and bitcoin cash, but more cryptocurrencies are expected to be added to the queue, based on customer feedback.Using the Convert feature, the digital asset platform will charge a 1 percent fixed fee, according to its fee disclosure page.The crypto-to-crypto feature is targeted at retail users who don't trade much or those who want to spend less time converting their cryptocurrencies.The addition of Coinbase Convert comes a few days after the exchange partnered with PayPal to facilitate zero-fee cash withdrawals on PayPal. The integration of PayPal into the withdrawal options available on its platform makes it faster to cash out of Coinbase. This article originally appeared on Bitcoin Magazine.

Visionary tunnel or over-hyped hole? LA awaits unveiling of Elon Musk's design

Elon Musk’s construction firm The Boring Company has already had to postpone the opening once due to snails. Elon Musk is calling it “more than a tunnel opening”. Whatever it is, the first public viewing of Musk’s latest visionary project – an underground “loop” track that promises to revolutionize transport in the 21st-century city – was attracting a cast of thousands on Tuesday to an unlovely corner of south Los Angeles wedged between a home goods store, the headquarters of Musk’s SpaceX, and a small municipal airport.

FedEx sees global trade slowdown, says U.S. economy still 'solid'

(Reuters) - FedEx Corp on Tuesday slashed its 2019 forecast after Europe's economy weakened and the U.S. trade row exacerbated a slowdown in China, sending shares in the package delivery company tumbling more than 6 percent after the closing bell.

Huawei calls on US, others to show proof of security risk

DONGGUAN, China (AP) — The chairman of Huawei challenged the United States and other governments to provide evidence for claims the Chinese tech giant is a security risk as the company launched a public relations effort to defuse fears that threaten its role in next-generation communications.

SoftBank shares fall 10 percent vs. IPO price in Tokyo market debut

TOKYO (Reuters) - SoftBank Corp <9434.T> shares slid in its market debut on Wednesday, as investor appetite was spoiled by a major service outage this month and worries over its exposure to Chinese telecom equipment maker Huawei Technologies Co [HWT.UL].

Coinbase Pro Adds Another Four Ethereum Tokens Including DAI

In a slew of additions and developments, and not unexpectedly, Coinbase has added four more Ethereum tokens. Dai (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL) will be added to the Coinbase Professional platform but with some regional restrictions. GNT and DAI will be available in the US, but not New York, in the UK,

Shutdown threat recedes as Trump softens stance on wall

WASHINGTON (AP) — President Donald Trump appeared Tuesday to back off his demand for $5 billion to build a border wall, signaling for the first time that he might be open to a deal that would avoid a partial government shutdown.

Asia braces for Fed as plunge in oil boosts bonds

Asian share markets played second fiddle to bonds on Wednesday as a spectacular fall in the price of oil fanned speculation the U.S. Federal Reserve might be done with tightening after its policy meeting later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> gained 0.2 percent in hesitant early trade. Japan's Nikkei <.N225> eased 0.1 percent, while E-Mini futures for the S&P 500 inched up 0.17 percent.

Do Insiders Own Shares In Sonata Software Limited (NSE:SONATSOFTW)?

The big shareholder groups in Sonata Software Limited (NSE:SONATSOFTW) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller Read More...