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  • Dec 31, 2024

Why Is Insurer SiriusPoint Stock Trading Higher On Tuesday?

SiriusPoint Ltd (NYSE:SPNT) stock is trading higher on Tuesday after the specialty insurer and reinsurer announced the repurchase of all SiriusPoint common shares and warrants held by CM Bermuda Limited for $733 million. Following the closing of the repurchase transaction, CM Bermuda will have no remaining ownership interest in SiriusPoint and will cease to have any representation on, or observer rights with respect to, SiriusPoint’s board of directors. SiriusPoint will pay in two tranches, with

  • Dec 31, 2024

MicroAlgo's FULL Adder Quantum Algorithm Sends Stock Skyrocketing - What's Going On?

MicroAlgo, Inc. (NASDAQ:MLGO) shares are trading higher on Tuesday. The company disclosed the development of a quantum algorithm technology, featuring a FULL adder operation based on CPU registers in quantum gate computers. A FULL adder is a core component in classical digital circuits for binary addition, but its implementation in quantum computing is more intricate due to qubit properties like superposition and entanglement. MicroAlgo’s quantum algorithm efficiently executes FULL adder operati

  • Dec 31, 2024

Montenegro extradites cryptocurrency mogul Do Kwon to the United States

Montenegro on Tuesday extradited a South Korean mogul known as “the cryptocurrency king” to the United States, following a decision of its justice ministry earlier this month to accept a U.S. request, while refusing a South Korean handover plea, the Balkan country’s authorities said. Police said that officers of the National Central Bureau of Interpol in Montenegro handed over Do Kwon, the founder of the Singapore crypto firm Terraform Labs, to FBI officers at the Podgorica Airport border crossing. “Today, on December 31, 2024, he (Do Kwon) was handed over to the competent law enforcement authorities of the United States of America and agents of the Federal Bureau of Investigation (FBI),” a police statement said.

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