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 > FOMC Leaves Interest Rates Unchanged Sees Economy Expanding

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Comment by Marine2on Mar 16, 2016 4:36pm

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Post# 24666600

RE:RE:FOMC Leaves Interest Rates Unchanged Sees Economy Expanding

Gold Moves Sharply Higher on Dovish FOMC Statement, Sinking U.S. Dollar Index

Wednesday March 16, 2016 15:07

(Kitco News) - Gold prices are scoring strong gains in afternoon trading Wednesday, in the wake of a dovishly perceived FOMC statement that was released at 2:00 p.m. EDT. Gold prices were trading near steady just before the FOMC statement, but then rallied moderately in the immediate aftermath of the statement.

The U.S. dollar index was trading modestly higher just before the FOMC statement was released, but has sold off sharply in afternoon trading, which has given the gold market a further boost.

Fed Chair Janet Yellen's press conference that was still ongoing as of this writing was also deemed to favor the dovish monetary policy camp. April gold was last up $29.20 an ounce at $1,260.30.

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