Author: Investor Empires
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MENA received $338b value in crypto as the 7th-largest market
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The Middle East and North Africa region has become the seventh largest cryptocurrency market with growing adoption by both retail and institutions. According to a Chainalysis report, the Middle East and North Africa region received $338.7 billion in cryptocurrencies between July 2023 and June 2024, ranking seventh. This represents 7.5%…
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MENA received $338b value in crypto as the 7th-largest market
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The Middle East and North Africa region has become the seventh largest cryptocurrency market with growing adoption by both retail and institutions. According to a Chainalysis report, the Middle East and North Africa region received $338.7 billion in cryptocurrencies between July 2023 and June 2024, ranking seventh. This represents 7.5%…
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Drought in Brazil, Vietnam highlight climate change’s impact on coffee: experts
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Breadcrumbs Path Links BMW PMN Business Article author: Canadian Press Rosa Saba Published on September 25, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Workers sort and grade coffee beans at a coffee factory…
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Dollar continues to fall; euro near multi-month high By Investing.com
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Investing.com – The U.S. dollar fell on Wednesday, adding to losses from the previous session, as the euro benefited despite signs of economic weakness in the euro zone. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1%…
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Difficulty To Drop By 5% Next
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On-chain data indicates that the difficulty of Bitcoin mining is set to drop by about 5% in the next network adjustment, a change that miners will appreciate. Bitcoin network block time has been slower than usual lately. The term “mining difficulty” refers to how difficult it is for miners to…
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Salesforce buys Israeli data management co Zoomin
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US cloud software giant Salesforce (NYSE: CRM) announced that it has signed a definitive agreement to acquire Israeli data management company Unstructured Data Zoom inNo financial details were disclosed, but estimates put the value of the acquisition at between $400 million and $500 million. The acquisition comes less than three…
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Daily Broad Market Recap – September 24, 2024
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Central bankers were in the spotlight yesterday, and the lack of high-profile data releases facilitated a repricing of monetary policy biases across major assets. What headlines influenced the price movement of major assets? We have the details! Headlines: China announces a series of stimulus measures Which includes reducing the reserve…
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Bitcoin Puell Multiple Dips Into Bullish Territory: Is A Breakout Coming?
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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Bitcoin Puell Multiple Dips Into Bullish Territory: Is A Breakout Coming?
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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Europe’s racial disparities cannot be untied from historical wrongs, report says By Reuters
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Written by Katharina Demoni (Reuters) – Racial inequalities in some European countries cannot be addressed if the legacy of colonialism and slavery is ignored, a report by a network of anti-racism groups in the European Union said on Wednesday. The report, “Europe’s Original Sin,” analyzed the historical use by six…
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Post-Fed struggles see the dollar as the laggard in September trading
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Here’s an overview of how major currencies have moved against the US dollar since the start of the month, what happened after last week’s Fed decision, and what other major central banks did during the month. With the exception of the yen, the dollar weakened significantly against the rest of…
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Why did Caroline Ellison get such a light sentence?
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Both the prosecution and the defense argued that Caroline Ellison should be sentenced to time served — without her, the extent of Sam Bankman-Fried’s crimes might never have been revealed. Caroline Ellison was a key member of Sam Bankman-Fried’s inner circle, and became a star witness against him during a…
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Nvidia stock jumps on report CEO Jensen Huang is done selling shares after $713 million windfall
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Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/PI Nvidia shares closed up 4% on a report that CEO Jensen Hwang has finished selling shares. Hwang generated $713 million in total sales revenue. He remains the largest shareholder in Nvidia. Nvidia Shares rose 5% on Tuesday. Barron’s newspaper…
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Vietnam’s leader Lam meets US corporations, pledges to boost tech economy By Reuters
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Vietnamese President To Lam has pledged to expand the country’s semiconductor and artificial intelligence industries during meetings with major U.S. companies in New York, as the communist-ruled nation seeks more investment from technology and other U.S. firms. Lam, on his first visit to the United States as Vietnamese president, is…
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Expert Analysis: Why Ethereum And Bitcoin ETFs Struggle To Gain Traction In Hong Kong
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As excitement continues to grow surrounding the introduction of spot Ethereum and Bitcoin ETFs in the United States, Hong Kong has embarked on its journey to create a spot ETF market for these digital assets. But the performance of Hong Kong ETFs has not matched their success in the US,…
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Expert Analysis: Why Ethereum And Bitcoin ETFs Struggle To Gain Traction In Hong Kong
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As excitement continues to grow surrounding the introduction of spot Ethereum and Bitcoin ETFs in the United States, Hong Kong has embarked on its journey to create a spot ETF market for these digital assets. But the performance of Hong Kong ETFs has not matched their success in the US,…
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Laid-off Foot Locker employee made $100,000 after shorting stock, SEC says
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Financial Regulatory Bodies Charged NEW YORK — A 56-year-old New York man was charged with insider trading Tuesday, alleging the CEO knew in advance that Foot Locker’s disappointing results would Profits That could trigger a selloff in shares. In all, authorities said the executive made about $113,000 — and now…
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Asia FX ticks higher, yuan hits 16-mth high on China stimulus cheer By Investing.com
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Most Asian currencies rose slightly on Wednesday as the dollar was hurt by continued bets on interest rate cuts, while China’s yuan hit a 16-month high on optimism about more stimulus measures. The Australian and New Zealand dollars made strong gains thanks to their exposure to China, while the Japanese…
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Bitcoin Price Targets Higher Levels: Can the Momentum Hold?
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This article is also available in Spanish. Bitcoin price is rising again above the $63,800 resistance level. Bitcoin may gain momentum if it surpasses the $64,750 resistance area and then $65,000. Bitcoin is targeting further gains above the $64,800 area. The price is trading above $63,650 and the 100-hour simple…
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Centum cuts exchange rate risk with switch to shilling loans
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Investment firm Centum has restructured a N3.1 billion dual currency loan from Standard Bank of South Africa into a shell facility, allowing the company to avoid exchange rate risk on the facility in the event of future weakness of the local currency against the dollar. The loan, which was held…