Intchains Group Ltd V.ICG

Primary Symbol: ICG

Technology Semiconductors

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.

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Intchains Group Ltd > Gold Price Drops Below $1,300 On Rumors !

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Post by Marine2on Jun 16, 2016 5:13pm

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Gold Price Drops Below $1,300 On Rumors !

Gold Price Drops Below $1,300 On Rumors Brexit Vote Will Be Postponed

By Kitco News

Thursday June 16, 2016 13:47

(Kitco News) -Gold futures are selling off Thursday afternoon, due to rumors that the Brexit Referendum vote could be postponed after the death of a high-level politician.

The selloff started as news circulated that U.K. Member of Parliament, Jo Cox was killed after being shot at least twice following a meeting with her constituents.

According to some sources, Cox, who is a member of the Labour Party was a strong campaigner for the “remain” side for the June 23 referendum on whether or not the U.K should remain a member of the European Union.

Quoted by the Associated Press, Prime Minister David Cameron said "this is absolutely tragic and dreadful news."

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"We have lost a great star," he said." She was a great campaigning MP with huge compassion and a big heart."

Campaigning for both sides of the referendum halted political activities for the day as a result of the tragic death.

“People are questioning whether or not the vote will happen next week and that is why gold is reacting,” said one Chicago Trader, who wished to remain anonymous.

Gold has fallen sharply after hitting a 22-month high at $1,318.90 an ounce at the start of the North American trading session. Since the news of Cox’s death, gold has fallen more than 1%, but is still holding on to some post-FOMC gains.

August Comex gold futures last traded at $1,296.40 an ounce, up 0.60% on the day.