Author: Investor Empires
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Bitcoin Utility Back To Q1 Bull Run Levels: New Rally Soon?
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On-chain data shows that Bitcoin network utility has recently returned, which could pave the way for another price surge. Bitcoin Trading Rises to 5-Month High In new mail In X, on-chain analytics firm Santiment discussed the latest trend in Bitcoin “trading.” Trading here refers to an indicator that tracks the…
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Bitcoin Utility Back To Q1 Bull Run Levels: New Rally Soon?
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On-chain data shows that Bitcoin network utility has recently returned, which could pave the way for another price surge. Bitcoin Trading Rises to 5-Month High In new mail In X, on-chain analytics firm Santiment discussed the latest trend in Bitcoin “trading.” Trading here refers to an indicator that tracks the…
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Australia struggling to improve Indigenous livelihoods, government report shows By Reuters
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By Ringo Jose SYDNEY (Reuters) – Australia is struggling to improve the lives of its indigenous people with only five out of 19 measures on track to meet targets, a government report showed on Wednesday. Aboriginal and Torres Strait Islander people make up 3.6 per cent of Australia’s population of…
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China Caixin Manufacturing PMI for July 2024 49.8 (expected 51.5, prior 51.8)
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I have revised this result twice, as it has returned to contraction again after a good June. This was a major failure to meet expectations. This is its first contraction in nine months, and points to underlying problems in the Chinese economy. The PMI had performed better than the official…
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Lightning Network In A Class Of Its Own At Bitcoin 2024 Conference
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I was asked repeatedly throughout this year’s Bitcoin 2024 conference to name the most notable thing about that moment—the signal amidst the noise. As I returned from Nashville, it occurred to me that each time, I was never able to answer the question satisfactorily. Partly because I simply couldn’t keep…
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How to avoid taxes on CD interest
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Certificates of deposit (CDs) are a valuable tool for diligent savers. CDs allow you to earn higher interest rates than you would with a traditional savings account, and your returns are guaranteed at a fixed rate for the life of the CD. The catch is that you can’t touch your…
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EBay beats quarterly results estimates on steady demand for refurbished goods By Reuters
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(Reuters) – eBay Inc beat Wall Street expectations on revenue and profit in the second quarter, helped by strong demand for used goods, auto parts and cost-effective accessories. But the e-commerce giant’s third-quarter revenue forecast fell short of analysts’ estimates, pointing to the effects of a tough economy. The company’s…
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Hedge Fund Manager Says Bitcoin Price Will Reach $428,000 If This Happens
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Hedge Fund Manager James Lavish He predicted that. Bitcoin price may reach $428K At some point. He also mentioned what would have to happen for the leading cryptocurrency to reach such an ambitious price target. How can Bitcoin price rise to $428k? Lavish mentioned in X (formerly Twitter) mail who…
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U.S. crude surges to biggest gain since October after strike kills Hamas leader in Iran
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SlavkoSereda/iStock via Getty Images U.S. crude oil futures jumped more than 4 percent on Wednesday after the assassination of Hamas political leader Ismail Haniyeh in Tehran just hours after an Israeli strike on a top Hezbollah military leader in Beirut raised fears of a possible direct conflict between Israel and…
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PBOC is expected to set the USD/CNY reference rate at 7.2167 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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Identity Is A Must For Stablecoin Issuers
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In an important step, Swiss Financial Market Supervisory Authority (FINMA)Switzerland’s financial regulator has issued new guidelines aimed at addressing the risks associated with fiat-linked stablecoins. The guidelines, released on July 26, 2024, emphasize the importance of verifying the identity of all token holders, effectively banning decentralized stablecoins in Switzerland. The…
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S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals By Reuters
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By Chibuike Ojoh NEW YORK (Reuters) – The Nasdaq Composite and Nasdaq Composite posted their biggest daily percentage gains since Feb. 22 and the Dow Jones Industrial Average rose on Wednesday as chip stocks surged and the Federal Reserve left interest rates unchanged while signaling possible easing in September if…
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Aave price surges amid whale accumulation and V3.1 launch
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DeFi protocol Aave is seeing a significant spike in whale activity as the market looks to recover from the recent slide that pushed most altcoins into major support areas earlier this week. On July 31, Lookonchain subscriber Details indicate that whales have been accumulating Aave (AAVE) heavily over the past…
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Aave price surges amid whale accumulation and V3.1 launch
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DeFi protocol Aave is seeing a significant spike in whale activity as the market looks to recover from the recent slide that pushed most altcoins into major support areas earlier this week. On July 31, Lookonchain subscriber Details indicate that whales have been accumulating Aave (AAVE) heavily over the past…
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Petitioner in court to scuttle proposed JKIA expansion deal
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Kenya Airports Authority (KAA) and the government have been taken to court over contracts with an Indian company for a proposed $1.85 billion (Sh238 billion) concession to build a new passenger terminal and refurbish existing facilities at Jomo Kenyatta International Airport. Mr Isaac Lango Gayo wants the proposed deal for…
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TA of the Day: Will Copper’s Support Hold and Ignite a Major Rally?
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copper Oil prices fell sharply, falling to their lowest level in four months on concerns about slowing Chinese demand and rising production. China is the world’s largest consumer of copper, using it extensively in construction, manufacturing, electronics and energy sectors. Because of this, the amount of copper China needs has…
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Ripple CEO Condemns US SEC For Withdrawal From The Binance Lawsuit, Here’s Why
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In a scathing criticism, Brad Garlinghouse, CEO of financial giant Ripple, publicly declared: convicted The US Securities and Exchange Commission (SEC) has announced a surprise backtrack on its legal battle with Binance, the world’s largest cryptocurrency exchange. In his criticism of the SEC’s strategy, the Ripple CEO accused the regulator…
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Getting To Know You: Hannah Fitzsimons, CEO, Cashflows
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In this exclusive Q&A with Hannah Fitzsimmons, CEO of Cashflows, Business Matters explores what SMEs need to know about cash flow. Tell us about cash flows. Cashflows was founded in 2010 with the goal of making receiving and accepting payments as simple as possible through its comprehensive in-house services. Payments…
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Bank of America says oil’s Bermuda triangle is nearing an end
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Oil prices rose in the hours following yesterday’s news: Assassination of Hamas leader Ismail Haniyeh in Tehran Hamas says assassination of Ismail Haniyeh is dangerous escalation All eyes are on the Middle East following this news, and oil prices have risen. In a separate report, Bank of America says: “Oil…