Author: bitlyfool
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Binance To Bookshelves? Former CEO’s Next Chapter Might Surprise You
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Changpeng Zhao, the mysterious founder of cryptocurrency giant Binance, has sparked a storm of speculation with a recent social media post suggesting… Potential career shift. After a legal battle with the US Department of Justice that ended with a surprisingly light sentence, CZ, as he is known in the cryptocurrency…
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Gen Z really do have it worse: Those in their early 20s are earning less and have more debt than millennials did at their age
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Gen Z has been relentlessly ridiculed for spending money they don’t have on avocado toast, designer bags, and luxury vacations — and then complaining they’ll never be able to save enough for a house deposit. But in fact, research suggests that the younger generation of workers is actually worse off…
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Dollar steady ahead of inflation data; sterling slips after job numbers By Investing.com
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Investing.com – The US dollar was flat on Tuesday, largely flat ahead of key inflation data likely to weigh on interest rate expectations. At 03:30 EST (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 105.250, in range-bound trading. Dollar…
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Budget boss loses fight to gain access to county accounts
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The budget comptroller lost his attempt to monitor counties’ bank accounts in real time, derailing efforts to tame irregularities that have cast a shadow over how devolved units pay contractors and other bills. The matter, which pits the Office of the Comptroller of Budget against the Treasury, the Central Bank…
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Chart Art: Descending Triangle Pattern on Gold (XAU/USD)
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Gold forms lower highs and finds support at $2,300, forming a descending triangle pattern on the 4-hour chart. Is he about to go back to the bottom soon? Take a look at the inflection points I’m seeing: Gold (XAU/USD) 1 hour Chart by TradingView Gold traders appear to be playing…
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Coinbase recovers services following two-hour system wide outage
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Cryptocurrency exchange Coinbase said in an X post that it has restored some of its services after an outage that disrupted trading on its website and mobile app. in Share X On May 14, US-based cryptocurrency exchange Coinbase said it had restored “some services,” noting though that customers “may still…
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The Untapped Potential of Scaling Internationally for UK SMEs
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As a business owner and advocate for global expansion, I have noticed a stark contradiction within the UK economic landscape. Although there are 5.5 million SMEs across the country, less than 10% of them engage in international trade. This is a huge missed opportunity; Exporting offers a range of benefits…
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What are the main events to look out for today?
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Today the market will mostly focus on the US PPI numbers although we will also get the latest report from the US NFIB and hear from Fed Chairman Powell. YoY core US PPI is expected at 2.4% vs. 2.4% previously, while core PPI is expected at 0.2% vs. 0.2% previously.…
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Liminal Custody Secures Key ADGM FSP License, Reinforcing Leadership in Digital Asset Custody
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(Press release – Abu Dhabi, Abu Dhabi, May 14, 2024) Border guardingABC, a leading provider of digital asset custody solutions and wallet infrastructure, announced today a historic milestone in the acquisition of a Financial Services Permit (FSP) from the Financial Services Regulatory Authority (FSRA) on the Abu Dhabi Global Market…
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European stocks mostly lower; ranges limited ahead of US inflation release By Investing.com
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Investing.com – European stock markets fell largely on Tuesday, as investors digested more corporate earnings ahead of the latest US inflation reports. At 03:15 EST (07:15 GMT), Germany’s stock index fell 0.1% and France’s index fell 0.1%, while the UK index rose 0.1%. Inflation in the United States to reduce…
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New Filing Reveals What Ripple Wants To Hide From The Public
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In a lawsuit dated May 13, 2024, Ripple Labs formally asked the U.S. District Court for the Southern District of New York to seal various documents that were filed in connection with the SEC’s request for judgment and damages. These documents, collectively referred to as “remediation materials,” contain sensitive financial…
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Tel Aviv looks to the skies
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Over the past decade, the number of high-rise buildings in Tel Aviv has increased by 50%, and this number will now double over the next decade. Tel Aviv’s skyline, which has changed much in recent years, will change even more dramatically, as high-rise towers overlook the proudly preserved smaller buildings…
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Exclusive: Equiti Names Husam Al Kurdi Cyprus as Managing Director
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Equiti Global Markets, the Cyprus arm, has appointed Hossam Al-Kordi to the position of Managing Director. Al Kurdi served as CEO of SquaredFinancial EU for more than three years until his promotion to Executive Vice President of SquaredFinancial Group in 2021. Experienced industry manager According to his LinkedIn profile, Al-Kurdi…
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Can XRP Price Maintain Momentum? Key Levels to Watch in the Short Term
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XRP price is trying a recovery wave from the $0.4865 support level. The price may gain upward momentum if it crosses the $0.5120 resistance level. XRP remained stable and started a recovery wave above $0.500. The price is now trading above $0.5050 and the 100 hourly simple moving average. There…
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Wall Street digs deep into Enphase Energy By Investing.com
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In the rapidly evolving clean technology landscape, Enphase Energy, Inc. (NASDAQ:) is the subject of intense debate among Wall Street analysts. Known for its innovative approach to the global energy technology sector, Enphase has expanded its portfolio to include not only leading micro-inverter systems for solar PV devices but also…
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Asia FX muted as dollar steadies ahead of inflation data; yen fragile By Investing.com
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Investing.com — Most Asian currencies moved slightly on Tuesday, tracking a flat dollar, as traders remained largely focused on upcoming US inflation readings that are likely to weigh on interest rate expectations. The Japanese yen was also a point of focus, as continued weakness in the currency put traders on…
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New Solana presale nears $1M, potential for Mega Dice token to 10x
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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. Mega Dice token presale momentum is building, attracting GameFi fans in the Solana and Ethereum ecosystems. The GameFi sector is gaining momentum and has recently taken off Mega dice…
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From a melt-up to a sell-off, the next 2 weeks will determine the stock market’s direction for the summer
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Getty Images/Brian R. Smith The next two weeks’ data will likely determine the direction of the stock market this summer, according to UBS. The upcoming release of April’s CPI report and Nvidia’s earnings report next week are critical, the bank said. “Inflation data and NVIDIA’s above-expected earnings could set the…
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Daily Broad Market Recap – May 13, 2024
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Markets were off to a bit of a slow start on Monday, before volatility increased and led to a mixed race for asset classes. Crude oil has rebounded from the initial slump while gold and Treasury yields have fallen. What’s up with that?! Titles: BusinessNZ Services Index April: 47.1 (previously…
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Here Are The Bitcoin Layer 2s To Watch Out For, According To Grayscale
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Crypto asset management giant Grayscale says there is a “renaissance” in Bitcoin development, with several new layers (L2s) worth keeping an eye on. In a new report to investors, Grayscale analyst Michael Chow discussed how these technologies could bring new use cases to Bitcoin and foster more market demand for…