Author: bitlyfool
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DOGE Price Prediction – Can Dogecoin Bulls Overcome This Hurdle?
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Dogecoin extended its losses and traded below the $0.1420 support area against the US Dollar. DOGE is now recovering but faces major hurdles at $0.1450. DOGE price tested the support at $0.1360 and started a recovery wave. The price is trading below the $0.1450 level and the 100 simple moving…
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Equity Group net profit rises by a quarter in Q1 to Sh15bn
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Equity Group Holdings reported a 25.1 percent growth in net profit for the first three months to March to Sh15.3 billion from Sh12.3 billion in the corresponding period a year earlier. The increase in profits is due to the increase in income during this period, as the bank grew its…
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Executive Interview with ATFX Levant’s Managing Director, Ahmad Al Disi
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Hi Ahmad, thanks for joining us today. In June 2022, ATFX announced its entry into the LEVANT region by partnering with Amman-based investment firm Emerging Markets in Jordan. The collaboration marks a significant milestone as ATFX is the only Global broker who is present in the LEVANT region. What were…
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Bitcoin Cash eyes partnership with Cardano as investors flock to Rollblock
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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. With a potential partnership with Cardano on the horizon, Bitcoin Cash may bolster its network, while the emerging Rollblock token aims to enrich online gambling. The founder of the…
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Bitcoin Cash eyes partnership with Cardano as investors flock to Rollblock
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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. With a potential partnership with Cardano on the horizon, Bitcoin Cash may bolster its network, while the emerging Rollblock token aims to enrich online gambling. The founder of the…
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Ex-offenders “neglected” in the workplace due to lack of digital skills, warns Digital Poverty Alliance
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With current high reoffending rates, prison leavers face neglect when seeking to reintegrate into society due to insufficient digital skills, according to the Digital Poverty Alliance (DPA). Government statistics It reveals that the recidivism rate is currently 26 per cent, and has increased since 2021. The DPA believes that schemes…
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Dollar steady as US inflation data takes spotlight By Reuters
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Written by Brigid Riley TOKYO (Reuters) – The dollar firmed against its major counterparts on Monday as market participants looked ahead to U.S. inflation data to assess the prospects of an interest rate cut this year. Following a weaker-than-expected US jobs report for April and a dovish-sounding Federal Reserve policy…
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This Week’s US Inflation Reports Are Expected to Shake Crypto Markets
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Cryptocurrency markets remained flat over the weekend after falling last week, bringing total capital down to $2.38 trillion. This week’s economic calendar could bring further volatility as key inflation data is announced alongside a number of Federal Reserve speeches, which could indicate the direction of monetary policy going forward. Economic…
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FX Watch: GBP/USD’s Downtrend Opportunity Ahead of the U.K. Jobs Report
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The pound is testing downside resistance levels ahead of UK labor market data! If you’ve read our latest Weekly Forex DigestYou will know that the US dollar has found some support as more Fed officials announced that they are in no rush to cut interest rates soon. Meanwhile, at least…
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Trump Campaign Develops Bitcoin Agenda With Industry Expert
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Bitcoin Magazine CEO David Bailey has publicly announced his collaboration with Donald Trump’s campaign to craft a crypto-friendly agenda, which could shape future US policy on digital assets. Using social media platform X, Bailey detailed his direct involvement in crafting a strategic vision for Bitcoin and other cryptocurrencies under a…
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Trump Campaign Develops Bitcoin Agenda With Industry Expert
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Bitcoin Magazine CEO David Bailey has publicly announced his collaboration with Donald Trump’s campaign to craft a crypto-friendly agenda, which could shape future US policy on digital assets. Using social media platform X, Bailey detailed his direct involvement in crafting a strategic vision for Bitcoin and other cryptocurrencies under a…
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On Independence Day eve Israel’s population reaches 9.9m
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The population has grown by 1.9% or 189,000 since the last Independence Day, the Central Bureau of Statistics reports. Israel’s population reached 9.9 million on the eve of Israel’s 76th Independence Day, the Central Bureau of Statistics reported. The population has grown by 1.9% or 189,000 since the last Independence…
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US data in the spotlight this week
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This is one of my favorite strips over the years. It is still of great importance. As we look forward to the new week, it is all about the US data that will move the mood in the broader markets. We already got a teaser last week of a few…
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Bitcoin Price Signals Bearish Continuation, Why BTC Could Drop Below $60K
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Bitcoin price started a new decline from the $62,000 resistance area. BTC is falling and remains at risk of further losses below the $60,000 level. Bitcoin started a new decline after failing near $62,000. The price is trading below the $61,000 level and the 100 hourly simple moving average. There…
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Oil extends fall on signs of weak fuel demand, strong dollar By Reuters
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Written by Florence Tan SINGAPORE (Reuters) – Oil prices continued to decline on Monday amid signs of weak demand for fuel and at a time when statements by Federal Reserve officials (the US central bank) weakened hopes for lowering interest rates, which could lead to slowing growth and reducing demand.…
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Weaker supply will drive platinum deficit higher than expected in 2024, WPIC says By Reuters
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Written by Paulina Devitt LONDON (Reuters) – The global platinum deficit in 2024 will be deeper than previously expected due to lower supplies from mines in South Africa and Russia, the World Platinum Investment Council said on Monday. The 2024 deficit of 476,000 ounces will be smaller than the 851,000…
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Bitcoin on-chain activity declines, price movement sluggish
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Activity on the Bitcoin (BTC) network is approaching historic lows, with traders significantly slowing down transactions in the two months since Bitcoin reached a new all-time high price. Insights from data analytics company Santiment reveal On-chain activity on the Bitcoin network has slowed over the past few months, painting an…
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Asian Stocks Rise on Reports of Chinese Bond Sale: Markets Wrap
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(Bloomberg) — Asian stocks pared earlier losses as reports of a planned long-term Chinese bond sale fueled optimism that the money raised will boost the economy. Most read from Bloomberg Hong Kong’s stock index rose to its highest level since August following the news, while mainland-listed stocks trimmed declines. China’s…
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Asia FX edges lower, dollar steadies with inflation on tap By Investing.com
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Investing.com — Most Asian currencies moved in a flat to lower range on Monday, while the dollar stabilized from recent volatility as focus turned squarely to upcoming US inflation data for further signals on interest rates. Moderate Chinese inflation data weighed on the yuan, while also sparking slight weakness in…
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Robinhood Crypto Revenue Triples Amid SEC Crackdown
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The popular millennial trading platform released its earnings report on May 8, beating analysts’ estimates. According to the first quarter resultsRobinhood reported record revenue of $618 million, up 40% year over year. Additionally, revenue from cryptocurrencies rose 232% to $126 million. “Transaction-based revenue increased 59% year-over-year to $329 million, primarily…