Author: Investor Empires
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Bitcoin Observes Pullback To $58,000: Is This The Cause?
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Bitcoin has seen a dip to $58,000 over the past day. Here’s what might be behind it, according to on-chain data. Exchanges have seen a large number of Tether withdrawals recently. According to data from market intelligence platform In the massCentralized exchanges recently saw outflows of Tether (USDT) exceeding $1…
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Inflation in Israel rises back above target range
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Israel’s consumer price index rose 0.6% in July, slightly above expectations. In the 12 months to the end of July 2024, the inflation rate rose to 3.2% from 2.9% at the end of June, according to figures released by the Central Bureau of Statistics today. As a result, inflation rose…
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TA of the Day: Bearish Momentum Builds in Bitcoin
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US government Over 10,000 Bitcoins Moved Recently (BTC) from a government-linked wallet, a transaction worth about $600 million, to a Coinbase Prime-linked wallet. The move follows a previous $2 billion transfer in late July. The U.S. government currently holds about $12 billion in bitcoin, much of it from law enforcement…
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Bitcoin advocate rebuts IMF Report on crypto carbon emissions
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A recent IMF report claiming that carbon emissions from artificial intelligence and cryptocurrency use are rising has prompted a response from Bitcoin advocate Daniel Patten. the a report Regulators are being proposed to impose a “crypto-carbon” tax due to the alleged environmental impact of Bitcoin (BTC) mining. Butter argue The…
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Bitcoin advocate rebuts IMF Report on crypto carbon emissions
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A recent IMF report claiming that carbon emissions from artificial intelligence and cryptocurrency use are rising has prompted a response from Bitcoin advocate Daniel Patten. the a report Regulators are being proposed to impose a “crypto-carbon” tax due to the alleged environmental impact of Bitcoin (BTC) mining. Butter argue The…
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NVE Corp director Terrence Glarner sells shares worth $27,076 By Investing.com
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According to a recent filing with the U.S. Securities and Exchange Commission, Terrence Glarner, the director of NVE Corp. (NASDAQ:NVEC), completed the sale of the company’s shares on August 15. The transaction involved the sale of 344 shares at $78.71 per share, for a total of approximately $27,076. This sale…
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Bank of America on Powell speaking at Jackson Hole – to keep aggressive easing option open
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Federal Reserve Chair Jerome Powell will speak during his usual time slot in Jackson Hole, Friday morning of the event at 10 a.m.: Fed Chair Powell to Speak at 10 a.m. ET on August 23 Bank of America says Powell’s speech is unlikely to have much impact on the U.S.…
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Cardano Founder Unveils How Blockchain Can ‘Revolutionize’ AI
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At the Ai4 2024 conference held at the MGM Grand, Las Vegas from August 12 to 14, Cardano founder Charles Hoskinson gave a speech focusing on the challenges of integrating blockchain and artificial intelligence. Romain Pellerin, CTO of Input Output, summary Key points from Charles Hoskinson’s keynote address via X.…
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Lockheed to buy satellite products maker Terran in $450 million deal
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(Reuters) – Lockheed Martin Corp on Thursday agreed to acquire satellite products maker Terran Orbital in a $450 million deal, months after the defense contractor withdrew its previous offer to buy the company. Lockheed will pay 25 cents in cash per share, a 37.5% discount to Terran’s last closing price.…
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Shimmick shares plunge 31% as Q2 results disappoint By Investing.com
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NEW YORK — Shares of Chemec Corporation (NASDAQ:CHEM) plunged 31% Friday after the water infrastructure company reported disappointing second-quarter results and gave weak guidance. Chemec reported a second-quarter adjusted loss of $1.60 per share, well above analysts’ expectations of $0.12 per share. Revenue was $91 million, well below the consensus…
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SEC Approves the First Leveraged MicroStrategy ETF
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The Securities and Exchange Commission has approved the launch of MSTX, the first single-share leveraged exchange-traded fund targeting MicroStrategy. The fund aims to generate 175% of the daily return of MicroStrategy shares. BREAKING: ?? SEC approves first long-term leveraged MicroStrategy ETF. pic.twitter.com/9NYrLh81sD — Bitcoin Magazine (@BitcoinMagazine) August 15, 2024 MSTX…
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Portillo’s stock gains after report activist Engaged Capital has stake
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Joe Hendrickson/iStock Editorial via Getty Images Portillo’s Hot Dog Restaurant ChainNASDAQ:PTLO) Up 3% After a report that activist firm Engaged Capital has raised a stake of around 10% and is pushing for changes. The activist is talking to management about improving operations, margins and brands as the Chicago-based chain operates.…
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JPMorgn adjusts its dollar forecasts, particularly through USD/JPY By Investing.com
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Investing.com – Foreign exchange markets have seen a lot of volatility over the past few weeks, leading JPMorgan to revise its dollar forecast. July and August will go down as some of the most memorable episodes of economic and political volatility in recent history, analysts at JPMorgan Chase said in…
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Tron Bullish Rebound At Support Level Signals Potential Upside To $0.1443
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Tron (TRX) is showing strong bullish momentum after a significant rebound at a key support level. This latest momentum shift suggests that the $0.1443 target is now within reach. As bullish optimism around Tron price continues to grow, traders are closely watching to see if the price can sustain its…
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Tron Bullish Rebound At Support Level Signals Potential Upside To $0.1443
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Tron (TRX) is showing strong bullish momentum after a significant rebound at a key support level. This latest momentum shift suggests that the $0.1443 target is now within reach. As bullish optimism around Tron price continues to grow, traders are closely watching to see if the price can sustain its…
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Top Fed official says he’s open to a rate cut sooner rather than later amid slowing inflation
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Inflation is slowing, and at least one Federal Reserve official has said he is “open” to cutting interest rates at the central bank’s next meeting in September. “The Fed is not going to be able to do that,” said Rafael Boucek, president of the Atlanta Federal Reserve and a voting…
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Bank of America fund manager survey highlights optimism in a soft landing, equities
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The volatility in August has led to a bit of a reset in the markets, with high-conviction trades tested by rapid declines. But looking at it from a broader perspective, fund managers have a relatively consistent view of a soft landing scenario. “The fundamental optimism for a soft landing (76%)…
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Top Anti-Fraud Software For Cryptocurrency: 2024’s Best Picks Reviewed
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Photo by Shubham Dhage on Unsplash Cryptocurrency has captivated the financial landscape, providing both new opportunities and new risks. With the increasing popularity of digital currencies, fraudsters have become more sophisticated. Anti-fraud software for cryptocurrency has emerged as an essential tool to combat these threats. It’s crucial to protect your…
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Top Anti-Fraud Software For Cryptocurrency: 2024’s Best Picks Reviewed
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Photo by Shubham Dhage on Unsplash Cryptocurrency has captivated the financial landscape, providing both new opportunities and new risks. With the increasing popularity of digital currencies, fraudsters have become more sophisticated. Anti-fraud software for cryptocurrency has emerged as an essential tool to combat these threats. It’s crucial to protect your…
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Number plate shortage hits motor vehicle industry
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The shortage of number plates has affected the automotive industry, negatively impacting sales and cash flow for dealers. Traders who spoke to this publication say the supply crisis has been going on for three weeks, while the National Transport and Safety Authority (NTSA) remains reticent to address the issues. Dealers…