Author: bitlyfool
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Israeli insurtech co Honeycomb raises $36m
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Israeli American Digital Insurance Company Beehive Today it announced that it has raised $36 million in a Series B funding round led by Zeev Ventures, with participation from new investors Arkin Holdings and Launchbay Capital. Existing investors Ibex Investors, Phoenix Insurance and IT-Farm also participated in the round. This brings…
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Chart Art: Will Bitcoin (BTC/USD) Extend Its Downtrend?
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Bitcoin is having trouble making new highs above the $65,000 mark! Will this extend the BTC/USD price in its weeks-long downtrend? We take a closer look at the 4-hour chart: Bitcoin (BTC/USD) for 4 hours Chart by TradingView If you’ve read our latest Daily market summary You will then learn…
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Hong Kong Bitcoin ETFs Record Only $8.5 Million Volume on First Day
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Recently approved Hong Kong spot bitcoin ETFs began trading today, but saw relatively low volume on their first day. The Hong Kong Securities and Futures Commission (SFC) approved 6 Bitcoin and Ethereum ETFs last week. New: ?? Hong Kong District Opening Ceremony #Bitcoin ETFs ? pic.twitter.com/ux1eb5PqRn – Bitcoin Magazine (@BitcoinMagazine)…
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Network Fires Back at Token Supply FUD
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Sui, a year-old top-tier Blockchain sweetheart, faces a harsh reality check. While celebrating its first anniversary on May 3, 2034, the network found itself embroiled in controversy over its token economy, and the design and distribution of its cryptocurrency, SUI. SUI symptom: a cause for concern? The fire was fanned…
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Disney posts surprise profit in streaming, raises earnings forecast
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Written by Lisa Richwine LOS ANGELES (Reuters) – Walt Disney’s streaming entertainment unit reported its first earnings on Tuesday, two quarters ahead of schedule, and the media company raised its annual earnings per share forecast, as it said its turnaround efforts were paying off. The company’s shares fell 1.4% in…
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Kosmos Energy stock gains as Q1 earnings top estimates By Investing.com
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Dallas – COSMOS ENERGY LIMITED . (NYSE:) reported earnings beat for the first quarter of 2024, with adjusted earnings per share (EPS) coming in at $0.21, beating analysts’ expectations by $0.04. However, the company’s revenue of $419.1 million was below the consensus estimate of $422.68 million. Despite the slight shortfall…
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Commodity Roundup: Gold eases as steady dollar dampens appeal, oil prices mixed
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Bright stars Precious metals fell on Tuesday, with gold trading around $2,315.12 an ounce, as a stable US dollar made bullion less expensive for foreign buyers, while investors awaited more clues on when the Federal Reserve will deliver its first interest rate cut. After the US central bank signaled last…
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The Digital Chamber criticizes SEC over Wells notice to Robinhood Crypto
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The Digital Chamber, a trade association for the digital assets industry, criticized the SEC for issuing a Wells Notice to Robinhood Crypto. On May 6, the group Issued A statement expressing “deep disappointment and concern” about the latest notice. The association also described it as an example of regulatory overreach.…
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NCAA college athletes are closer than ever to getting paid.
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No final agreement has been reached, and many questions remain unanswered. It’s also unclear whether the new rules can withstand further legal scrutiny, but college sports appear to be headed down a revolutionary path with at least some schools paying athletes directly to participate. Here’s what’s known and what remains…
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SEC Further Extends Date for Decision on Invesco Galaxy Spot Ethereum ETF
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The US Securities and Exchange Commission (SEC) has postponed its decision on whether or not to approve the proposed Invesco Galaxy exchange-traded fund (ETF) product for a third time. With the latest delay, the agency has until July 5 to make its final decision on the spot ETF order. The…
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Relief for workers as firms signal end to pay raise freeze
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Kenya’s private sector payrolls showed signs of growth in April after months of stagnation, indicating increased employment and a positive outlook for future demand for goods and services amid growing concerns about devastating floods. The results of Stanbic Bank Kenya’s Purchasing Managers’ Index (PMI) survey showed that spending on workers’…
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RBA Keeps Interest Rates at 4.35%, Says Interest Rate Path ”Remains Uncertain”
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As expected, the Reserve Bank of Australia (RBA) kept interest rates at 4.35% in May. The Central Bank statement indicated this Inflation is expected to return to the target range of 2%-3% in the second half of 2025 and to 2.5% in 2026. Short-term inflation will “fall more slowly over…
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Sealed Remedies Reply Filed, What’s Next?
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In the latest XRP lawsuit between Ripple and the US Securities and Exchange Commission (SEC), the agency filed a response summary of its remedies under seal, signaling significant progress in the remedies phase of the case. This phase focuses on identifying potential penalties the fintech company could face if the…
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Strategies for Enhancing Leadership and Promoting Growth
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In the field of organizational development, the emergence of a no-blame culture has been a transformative approach toward enhancing leadership and growth. It is an environment in which the focus shifts from finding mistakes to developing collective responsibility for continuous improvement. The philosophical foundation of a no-blame culture is the…
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France March trade balance -€5.5 billion vs -€5.2 billion prior
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Snore of Value: Bitcoin’s Sleepwalk Towards Stasis
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You know how the dodo bird became extinct? It became too fat to fly. In fact, the name ‘dodo’ likely originated from the Portuguese word, ‘simpleton’. The dodo bird lived very comfortably for much of its existence on an isolated island that lacked any natural predators. Over time the dodo…
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RBA Sticks to Neutral Bias, Keeps Cash Rate at 12-Year High
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Breadcrumb links BMN Business Australia’s central bank kept interest rates at their highest level in 12 years in a move that was widely expected, maintaining a neutral stance that surprised markets and sent the currency lower. Article writer: Bloomberg News Swati Pandey Published on May 7, 2024 • 3 minutes…
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Italian shoemaker Tod’s to court US lovers of quiet luxury By Reuters
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Written by Elisa Anzolin and Valentina Za MILAN (Reuters) – An LVMH-backed investment firm is betting that demand from wealthy Americans for quiet luxury will ensure its 510 million euros ($545 million) stake in Italian shoemaker Tod generates the double-digit returns typically sought by private equity. L Catterton, set up…
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Ethereum Price Recovery In Jeopardy? Decoding Major Hurdles To Upside Continuation
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Ethereum price extended the recovery wave above the $3,120 area. ETH failed to clear the $3,220 resistance level and is currently paring gains. Ethereum price rose further above the $3,150 and $3,200 levels before bears emerged. The price is trading below the $3,120 level and the 100 hourly simple moving…