Author: Investor Empires
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Cardano Chang Hard Fork Set To Roll Out Next Week
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Intersect, a major member-based organization dedicated to the Cardano ecosystem, has announced the official timeline for the upcoming Chang via X hard scaling. This update is pivotal in the ongoing development of the Cardano network, aiming to improve the protocol’s efficiency and governance mechanisms. Cardano Chang Hard Fork Will Launch…
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Meme stocks are surging again, which may be good news for the risk rally: Morning Brief
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This is what I took away from today’s morning briefing, which you can subscription To be delivered to your inbox every morning with: Stock markets are back on the rise after tumbling in early August. In the two weeks following the S&P 500’s August 5 decline, it added $3.7 trillion…
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NZDUSD Technical Analysis – The Kiwi benefits from the USD weakness
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Basic Overview The US dollar remains under pressure amid positive risk sentiment and an impending rate cut by the Fed that should help global growth. These factors are generally bearish drivers for the US dollar. In fact, the recent strong rally in the New Zealand dollar has been driven mostly…
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NZDUSD Technical Analysis – The Kiwi benefits from the USD weakness
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Basic Overview The US dollar remains under pressure amid positive risk sentiment and an impending rate cut by the Fed that should help global growth. These factors are generally bearish drivers for the US dollar. In fact, the recent strong rally in the New Zealand dollar has been driven mostly…
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Bitcoin Resistance: Here Are The Challenges Ahead For BTC
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Bitcoin is facing certain resistance levels on the chain that could threaten future gains. Here are the exact prices at which these levels are located. Short-term Bitcoin holders have a cost basis at these levels in the future. As CryptoQuant author Axel Adler Jr. explains in a new article, mail…
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Tencent-backed ‘Black Myth: Wukong’ makes game history, taking Chinese media by storm
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hapapapa Chinese made game Black Legend: Wukong The game was played on Wednesday by 2.2 million concurrent players on the online gaming platform. steamOne day after its release. The game, developed by Game Science – a Tencent (OTCPK:TCEHY) (OTCPK:TCTZF)-backed startup – is A single-player game based on a legendary Monkey…
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US stock futures edge higher ahead of key payroll revisions, Fed minutes By Investing.com
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U.S. stock index futures were slightly higher on Wednesday, as investors were cautious ahead of initial revisions to U.S. jobs data and the release of minutes from the Federal Reserve’s latest policy meeting. At 06:20 ET (10:20 GMT), Apple Business Insider stock was up 32 points, or 0.1%, gaining 3…
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Whale loses over $55m in DAI stablecoin to phishing attack
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The whale address lost a large amount of DAI tokens due to a phishing attack after unintentionally signing a fraudulent transaction. On-chain data confirms that the losses amounted to $55.47 million in Dai (DAI). According to a post by Lookonchain X, the whale’s funds were stored in Maker, a decentralized…
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Whale loses over $55m in DAI stablecoin to phishing attack
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The whale address lost a large amount of DAI tokens due to a phishing attack after unintentionally signing a fraudulent transaction. On-chain data confirms that the losses amounted to $55.47 million in Dai (DAI). According to a post by Lookonchain X, the whale’s funds were stored in Maker, a decentralized…
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Australia approves project connecting Singapore to Australian solar farm via undersea cable
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Singapore is a small island nation that lacks natural resources and relies on imports for almost everything, including water and energy. About 2,600 miles away is Australia, rich in natural resources and open spaces. Now, a billionaire tech founder wants to use some of Australia’s unused land to give Singapore…
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Dollar hits year low versus euro as traders await data and Powell By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar fell to its lowest level this year against the euro on Wednesday as traders braced for potentially crucial revisions to U.S. jobs data later in the day, ahead of a speech by Federal Reserve Chairman Jerome Powell at the end of the…
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Bitcoin Mining Hashrate Rebounds: Belief Back Among Miners?
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On-chain data shows that Bitcoin mining hashrate has been rising recently, indicating that miners are back to expanding their facilities. Bitcoin mining hash rate rises from recent lows Mining hash rate refers to a metric that tracks the computing power that Bitcoin miners are currently connected to the network with.…
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Bitcoin Mining Hashrate Rebounds: Belief Back Among Miners?
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On-chain data shows that Bitcoin mining hashrate has been rising recently, indicating that miners are back to expanding their facilities. Bitcoin mining hash rate rises from recent lows Mining hash rate refers to a metric that tracks the computing power that Bitcoin miners are currently connected to the network with.…
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Banks step up the battle for rich churches’ billions
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Commercial banks are increasingly targeting churches and other religious organisations with financial products in a bid to earn billions of shillings generated through tithes, donations, offerings and investments in sectors such as education, real estate, health and hospitality. A number of banks have moved to enlist religious leaders to lead…
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Canada’s July Headline CPI Fell to Its Slowest Pace In Three Years at 2.5%
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As widely expected, most inflation measures in Canada’s July CPI report reflected a slowdown in price pressures during the month. While the headline CPI showed a 0.4% monthly rebound as expected, the annual reading fell from a 2.7% year-on-year increase in June to just 2.5% in July — its lowest…
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Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support
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The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish forces. After recovering from Drop below $49,000 Earlier this month, Bitcoin was hovering around…
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OpenAI and Condé Nast partner to feature content from Vogue, The New Yorker, and GQ in AI-powered search
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OpenAI, the company behind the popular chatbot ChatGPT, has announced a major partnership with global magazine giant Condé Nast. This multi-year agreement will see content from popular publications like Vogue, The New Yorker, and GQ featured within OpenAI’s platforms, including its newly launched AI-powered search engine, SearchGPT. The deal is…
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Gold Technical Analysis – Flash US PMIs in focus
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Basic Overview After breaking the 2480 resistance level, gold eventually managed to extend its gains to the 2532 level as buyers flocked in. In the big picture, gold is expected to remain supported as real yields decline as we head into the Fed’s easing cycle, but in the near term,…
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BlackRock Bitcoin Holdings: A Game Changer?
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BlackRock’s journey into Bitcoin has been a whirlwind. Once an outspoken skeptic of the digital currency, CEO Larry Fink has undergone a remarkable transformation, now embracing Bitcoin as a “global asset” with enormous potential to revolutionize the financial landscape. This change in outlook has led BlackRock to aggressively expand into…
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BlackRock Bitcoin Holdings: A Game Changer?
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BlackRock’s journey into Bitcoin has been a whirlwind. Once an outspoken skeptic of the digital currency, CEO Larry Fink has undergone a remarkable transformation, now embracing Bitcoin as a “global asset” with enormous potential to revolutionize the financial landscape. This change in outlook has led BlackRock to aggressively expand into…