Author: bitlyfool
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Bracebridge Capital Becomes Largest Spot Bitcoin ETF Holder
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Bracebridge Capital, a hedge fund that manages the finances of institutions such as Yale University and Princeton University, has emerged as the largest holder of various bitcoin exchange-traded funds (ETFs), according to a recent 13F filing with the Securities and Exchange Commission. The company is headquartered in Boston a statement…
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Why McDonald’s may be willing to lose money on its $5 meal deal
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McDonald’s diners made no effort to express how they felt about the burger giant raising prices to $8 for a chicken sandwich and $18 for a Big Mac, a phenomenon they reluctantly dubbed “McFlation.” “It’s $25.39 for a 40-count nugget and two large fries. Can’t you even throw a sprite?”…
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EUR/USD on verge of bullish breakout
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Investing.com – The foreign exchange market appears to be turning bearish relative to the US dollar, according to Bank of America Securities, suggesting that the EUR/USD pair is on the verge of an upward breakout. Over the past week, option biases have moved widely for US dollar put options, as…
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Market Expert Says Bitcoin Price Has Officially Left The Danger Zone, Can Price Strike $100,000?
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Cryptocurrency analyst Rekt Capital It was recently suggested that the worst may be over for Bitcoin. If so, the flagship cryptocurrency could be poised for a move to the upside, rising to AS Up to $100,000which is what some other cryptocurrency analysts expected. Bitcoin is out of the “danger zone”…
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Fuel prices drop by Sh1 in Epra May review
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Pump prices have fallen by Sh1 per liter in the latest review which will be in effect until the 14th of next month. The Energy and Petroleum Regulatory Authority (Epra) said on Tuesday evening that a liter of diesel fell to Sh179.18 from Sh180.38 while a liter of super petrol…
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France’s CAC closes at a new record level.
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Major European stock indices closed mostly higher. The only exception is the German DAX index. France’s CAC rose 0.20% which was good enough for a new record close. Britain’s FTSE 100 index closed higher but fell short of the record high it reached on Friday at 8,433.75. It closed at…
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Bitcoin’s Lightning Network In Every App: Breez CEO’s Vision
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Founders: Roy Shenfield, Roy Erez and Yacoub Salama Date of Establishment: 2018 Headquarters location: far The amount of Bitcoin held in the vault: Dozens were detained in Breeze Lightning’s contract Number of Employees: 11 website: https://breez.technology/ Public or private? private Roy Shenfeld says the time for orange pilling is over.…
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Marston’s Optimistic for Euros Summer as Profits Surge
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Pub chain Marston’s has recorded a strong performance in the first half of its financial year on the back of food and drink sales, as it looks ahead to bumper summer months packed with sport, including the Euro Championship. Marston’s, which operates 1,395 pubs across the UK, this morning announced…
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BuzzFeed reports Q1 revenue decline, eyes AI for growth By Investing.com
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BuzzFeed Inc. (BZFD) has disclosed its financial results for the first quarter of 2024, revealing a revenue decrease of 18% year-over-year to $44.8 million. Despite the overall downturn, the company has seen a rise in programmatic advertising revenues and is focusing on artificial intelligence (AI) to enhance audience engagement and…
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Finastra Takes the Lead in ISO 20022 Compliance
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The financial industry, famous for its slow pace of change, is about to see a bit of volatility. There’s no need for hats or sticks, but rather a coordinated shift toward a new standard: ISO 20022. This seemingly innocuous alphabetical mash-up has the potential to revolutionize the way financial institutions…
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Investing $200M In Neuratech Pioneer Blackrock Neurotech
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Image from BlackRock Neurotech In a pioneering move that underscores the convergence of cutting-edge technology and human potential, prominent stablecoin issuer Tether has announced a $200 million strategic investment to acquire a majority stake in… BlackRock Neurotec, a leading brain-computer interface company at the forefront of neurotechnology. This bold project,…
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NAT) “ 1Q 2024 Earnings Report By Investing.com
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Tuesday, May 14, 2024 Dear shareholders and investors, Please note that the 2024 Q1 earnings report is scheduled to be released on Wednesday, May 29, 2024 before the opening of the New York Stock Exchange. sincerely, Herbjörn HanssonFounder, Chairman and CEO Nordic American Tankers Ltd. www.nat.bm Cautionary statement regarding forward-looking…
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Dollar not receiving usually seasonal boost in May
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Investing.com – The US dollar usually has a good month in May, according to UBS analysis, but this year appears to be different. “May has been a historically positive month for the dollar: our seasonal indicator suggests that US dollar supply typically rises in late April and peaks around mid-May,…
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Memecoins soar as Trump endorses crypto, TRUMP coin leads with 83% surge
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. After Donald Trump endorsed cryptocurrencies during his potential next term, the Trump meme rose 83%, while other meme coins like Sealana and WienerAI also showed promising gains. Trump, a…
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US producer prices increase more than expected in April
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WASHINGTON (Reuters) – U.S. producer prices rose more than expected in April amid strong gains in the costs of services and goods, suggesting inflation remained high early in the second quarter. The Labor Department’s Bureau of Labor Statistics said Tuesday that the producer price index for final demand rose 0.5%…
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The PPI report is a lesson in how algos and real people operate in markets
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Occasionally, real people can still obtain outstanding trading economic data. The PPI movement was almost completely reversed but it took 9 minutes, which is a long time in markets terms. What happened was that the algae vomited on the headline with a reading of +0.5% compared to +0.2%. The loss…
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Are The Big Bitcoin Miners Preparing to Empty Their Bags?
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A Bitcoin sell-off may be looming as miners face increasing pressure due to a sharp decline in revenues following the April 20 halving that reduced block rewards from 6.25 BTC to 3.125 BTC. On May 13, cryptocurrency research firm Caico revealed that the recent halving reduced daily production from 900…
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Tilray stock gains on debt-for-equity deal (NASDAQ:TLRY)
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Torsten Asmus/iStock via Getty Images Canadian cannabis player Tilray Brands (Nasdaq:TLRYIt announced on Tuesday that it will issue up to 13.1 million shares of the company’s stock as part of a debt-for-equity swap deal it entered into with an unrelated party. Shares will be issued in exchange for The convertible…
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Crypto Exchange Spot Volumes Plunge 60% Post BTC Halving
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After a record-breaking March driven by Bitcoin’s (BTC) equally impressive performance, spot trading volumes at the 10 largest cryptocurrency exchanges fell by more than 60% in April. According to a benchmark released by Finance Magnates Intelligence, its trading volume fell from $2.1 trillion in March to just under $1.3 trillion…