Author: Investor Empires
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Bitcoin ETFs Saw the Largest Outflow in Over Three Weeks
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U.S. bitcoin exchange-traded funds (ETFs) recorded $127 million in net outflows on Tuesday, marking the largest single-day withdrawal since Aug. 6. The outflow ended an eight-day streak of positive inflows of $756 million. On Tuesday, Ark Invest’s Bitcoin ETF saw the largest outflow, at $102 million. Grayscale’s Bitcoin Trust and…
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Bitcoin ETFs Saw the Largest Outflow in Over Three Weeks
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U.S. bitcoin exchange-traded funds (ETFs) recorded $127 million in net outflows on Tuesday, marking the largest single-day withdrawal since Aug. 6. The outflow ended an eight-day streak of positive inflows of $756 million. On Tuesday, Ark Invest’s Bitcoin ETF saw the largest outflow, at $102 million. Grayscale’s Bitcoin Trust and…
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Safaricom pays Sh26bn final dividend early
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Safaricom has commenced its final dividend payment of Sh0.65 per share five days ahead of the payment date on August 31, continuing its practice of making early payments of its dividends to shareholders. Individual investors started receiving their payments through the M-Pesa mobile platform earlier this week, with the company…
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Citi sees limited upside for USD/JPY, expects rebound before dip By Investing.com
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Citi provided commentary on the currency pair, drawing parallels with historical currency movements and forecasting potential future trends. The financial services firm noted that while the USD/JPY uptrend has been more restrained than initially anticipated, the pair is unlikely to fall below 140 JPY/USD until next year. Citi expects a…
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A Strategic Imperative for Small Businesses
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Small businesses across the UK are increasingly recognising the value of supporting women’s health in their workplaces. Adopting this initiative leads to many benefits, including increased productivity and performance, reduced absenteeism, enhanced employee satisfaction and engagement, attracted and retained a talented workforce, fostered a diverse and inclusive environment, and enhanced…
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The basis trade remains an accident waiting to happen
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There is more than one option for the Fed. Earlier this month, I wrote about what saved the stock market. It’s also what supports the real economy, and it’s what 99% of financial commentary is about, especially recently. What worries me is the other thing: the call for the Fed…
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AI Tokens Market Cap Rebounds By Nearly 80% To $32 Billion
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The cryptocurrency market has been volatile in recent months, with the overall market cap of Bitcoin and other cryptocurrencies seeing significant fluctuations. Amidst this turbulent landscape, there has been a surprising recovery in the AI and Big Data tokens sector. According to the latest data from coinmarketcap, the market cap…
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Kohl’s beats earnings estimates, raises EPS guidance; shares rise By Investing.com
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Kohl’s (NYSE:) reported better-than-expected second-quarter earnings on Thursday, despite a drop in sales, and raised its full-year earnings outlook. The retailer’s shares rose more than 3% on the news. The department store chain reported adjusted earnings per share of $0.59 for the quarter ended Aug. 3, 2024, beating analysts’ estimates…
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Malaysian police arrest 21 in crypto fraud scheme targeting Japanese investors
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Malaysian authorities have foiled a major cryptocurrency fraud scheme targeting Japanese citizens. According to local sources ReportsThe Royal Malaysian Police, also known as PDRM, arrested 21 individuals in connection with the fraud during coordinated raids on two upscale properties in Kuala Lumpur on August 19. The suspects include 16 Chinese…
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Malaysian police arrest 21 in crypto fraud scheme targeting Japanese investors
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Malaysian authorities have foiled a major cryptocurrency fraud scheme targeting Japanese citizens. According to local sources ReportsThe Royal Malaysian Police, also known as PDRM, arrested 21 individuals in connection with the fraud during coordinated raids on two upscale properties in Kuala Lumpur on August 19. The suspects include 16 Chinese…
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Dollar wallows near year-low as traders seek clues on Fed cuts By Reuters
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By Brigid Riley (Reuters) – The dollar held near its lowest in more than a year against a basket of currencies on Wednesday, while sterling traded near multi-year highs, as markets focused on signs of the size of a widely expected U.S. interest rate cut next month. Cryptocurrency Bitcoin grabbed…
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Crypto Taxes: What New Zealand’s New Bill Proposal Means
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On 26 August 2024, New Zealand’s Minister of Revenue, Simon Watts, announced, foot A new bill has been introduced to the House of Representatives that could have major implications for the island nation’s cryptocurrency system. The OECD Cryptocurrency Reporting Framework will be implemented The new bill, titled Taxation (Annual Rates…
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Israeli strike kills four fighters on Syria-Lebanon border, security sources say By Reuters
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BEIRUT (Reuters) – An Israeli drone strike on a car crossing a Syrian checkpoint near the border with Lebanon on Wednesday killed three Palestinian fighters and one member of the Lebanese militant group Hezbollah, two security sources told Reuters. The sources said the vehicle was not carrying weapons. There was…
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Israeli strike kills four fighters on Syria-Lebanon border, security sources say By Reuters
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BEIRUT (Reuters) – An Israeli drone strike on a car crossing a Syrian checkpoint near the border with Lebanon on Wednesday killed three Palestinian fighters and one member of the Lebanese militant group Hezbollah, two security sources told Reuters. The sources said the vehicle was not carrying weapons. There was…
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Daily Broad Market Recap – August 27, 2024
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No data? No problem! With not much significant data scheduled to be released, traders turned to market themes yesterday and priced in their biases for the upcoming reports due later this week. How did you trade your favorite assets anyway? Headlines: Bank of Japan Core CPI Growth slowed from 2.1%…
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Two New Tokens To Be Launched On Sept 18
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In a move to boost the use and adoption of the decentralized finance (DeFi) lending platform, MakerDAO is undergoing a major rebrand. The lending protocol, founded by Rune Christensen in 2014, will now be known as “Sky,” a shift aimed at attracting a broader user base. MakerDAO Reinvents Itself as…
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Nvidia Countdown Keeps Stocks in Narrow Ranges: Markets Wrap
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(Bloomberg) — Markets are eagerly awaiting Nvidia Corp.’s results, with U.S. stock futures little changed and shares trading in tight ranges from Asia to Europe. Most Read from Bloomberg The world’s most influential stock is expected to set the tone for risk assets when it reports results after the U.S.…