Author: Investor Empires
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UK data centre investment stalled by lack of electricity supply
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Investment in data centers in the UK is being hampered by delays in securing electricity supplies, according to David Sleeth, chief executive of Segro, one of the country’s largest commercial property developers. Speaking to Radio Times, Sleeth expressed frustration with long wait times for network connections, which can stretch into…
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Bitcoin Leads Crypto Investment Product Inflows With $920M
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Cryptocurrency-based investment products continued their positive streak after recording nearly $1 billion in inflows this week, apparently driven by the upcoming US presidential election. Bitcoin (BTC) led net positive inflows for the third week in a row, making October the fourth-largest month of crypto investment product inflows ever. Bitcoin leads…
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VanEck Sees Bitcoin As Key Global Reserve Asset, Projecting $3 Million Price Tag By 2050
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This article is also available in Spanish. As Bitcoin rebounds from its brief correction and approaches the $70,000 mark, Matthew Siegel, head of digital asset research at asset manager and exchange-traded cryptocurrency issuer VanEck, shared his thoughts on the potential path for the cryptocurrency in light of the upcoming US…
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Israeli co Armis Security raises $200m at $4.3b valuation
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Israeli cybersecurity company ARMIS SECURITY Today it announced the completion of a $200 million Series D funding round, bringing its valuation to $4.3 billion. This is $900 million higher than the previous funding round less than three years ago. The latest financing round was led by General Catalyst and Alkeon…
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Hong Kong Promises More Approvals Soon
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Hong Kong Securities and Futures Commission (SFC). Announce It plans to issue more licenses to crypto asset exchanges by the end of 2024. The decision comes after a five-month evaluation period, during which only three platforms received full licenses and 11 provisional licences, raising initial concerns about the possibility of…
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Hong Kong Promises More Approvals Soon
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Hong Kong Securities and Futures Commission (SFC). Announce It plans to issue more licenses to crypto asset exchanges by the end of 2024. The decision comes after a five-month evaluation period, during which only three platforms received full licenses and 11 provisional licences, raising initial concerns about the possibility of…
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Venice’s €5 daytripper tax misses the boat: What do locals think the overtourism solution actually is?
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For four months earlier this year, the Italian city of Venice piloted a system of charging extra fees for day trippers. Visitors who were not staying at an overnight accommodation had to pay 5 euros ($5.40) on certain days considered the busiest, including weekends and national holidays. The fee was…
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FX Watch: AUD/USD And AUD/CAD To Make New Weekly Lows On Cooler AU CPI?
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Australia is about to print inflation data for the third quarter! Australian CPI Event Guide for Q3 2024 suggests we may see cooler price pressures compared to the previous quarter as commodity prices (but mostly oil) and average input costs eased while inflation expectations eased in the previous months. If…
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Solana Surpasses PayPal In Market Cap As Price Soars 6%; Analyst Predicts ‘Big Breakout’ Ahead
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This article is also available in Spanish. Solana (SOL), the fifth-largest cryptocurrency by market cap, has recently outperformed many of the top 10 coins with a notable 6% price increase over the past week. This rise places Solana behind Dogecoin (DOGE), which rose 7.8% over the same period, as the…
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Solar boom sees 355 firms get Epra licences
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About 355 solar contractors, manufacturers and importers received production permits from the Energy and Petroleum Regulatory Authority (Epra) in the year to June 2024, indicating increased demand for solar services. As electricity prices continue to rise in Kenya, customers have increasingly turned to alternative sources of energy especially solar PV…
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Chart Art: USD/CHF Is Facing A Major Resistance At .8700!
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USD/CHF does not appear to be breaking through the major technical resistance area! Is it time to short the dollar against its safe-haven counterpart? We take a closer look at the daily chart! USD/CHF 1 Hour Forex Chart by TradingView The US dollar does not appear to be maintaining its…
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Cardano Will Run A Nation State: Hoskinson Shares When
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In a keynote titled “After Voltaire: The Next Evolution of Cardano,” Charles Hoskinson, founder of Cardano, said, unveil An ambitious roadmap could see the blockchain ecosystem running a nation-state by 2030. Hoskinson envisions this nation-state as a large entity, potentially serving tens of millions of people. We as an ecosystem…
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Cardano Will Run A Nation State: Hoskinson Shares When
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In a keynote titled “After Voltaire: The Next Evolution of Cardano,” Charles Hoskinson, founder of Cardano, said, unveil An ambitious roadmap could see the blockchain ecosystem running a nation-state by 2030. Hoskinson envisions this nation-state as a large entity, potentially serving tens of millions of people. We as an ecosystem…
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Jeremy Hunt criticises OBR for timing of review release on budget day
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Former Chancellor Jeremy Hunt has criticized the Office for Budget Responsibility (OBR) for allegedly compromising its political impartiality, as it prepares to release a review that could criticize the Conservative government on Budget Day. The review is expected to address Chancellor Rachel Reeves’ claims of a £22bn financial gap left…
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Ethereum Price Follows Bitcoin’s Rally, But Momentum Falls Short
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This article is also available in Spanish. Ethereum price has started to rise again above the $2,550 resistance level. ETH follows Bitcoin’s rise, but lacks the same strength. Ethereum started a nice increase above the $2,600 area. The price is trading above the $2,550 level and the 100 hourly simple…
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Daily Broad Market Recap – October 28, 2024
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The coast was clear in terms of top-tier economic releases on Monday, but there was no shortage of major moves among major asset classes. Check the headlines that drive price action. Titles: Targeted Israeli air strikes Over the weekend, it avoided Iranian oil and nuclear facilities Liberal Democratic Party elections…