Author: Investor Empires
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Ethereum Rising, 2 Million Addresses Will Be In Money If $3,200 Is Broken
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Ethereum, which mirrors the performance of Bitcoin and other altcoins, has returned to above $3,000, days after falling below $2,800. With the second-most valuable cryptocurrency recovering, sparking optimism among token holders and battered traders, a close above $3,200 will be crucial in stimulating demand. Ethereum Rally: Will Bulls Be Able…
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Jerome Powell is suddenly bearish on the jobs market and it’s a welcome sign for Wall Street
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Federal Reserve Chairman Jerome Powell on Wednesday reinforced the message that the central bank is increasingly paying attention to a slowing labor market and not just taming inflation, a shift that suggests it is likely to start cutting interest rates soon. “We are not just an inflation-targeting central bank. We…
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S&P 500 in fresh record high after scaling 5,600 mark for first time By Investing.com
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The S&P 500 rose above 5,600 for the first time on Wednesday, led by the technology sector and continued hopes for an interest rate hike sooner, as Federal Reserve Chairman Jerome Powell gave a second day of testimony to Congress, a day before fresh inflation data. At 13:56 ET (17:56…
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Goldman Sachs to launch three tokenization projects
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Goldman Sachs is set to launch three token projects targeting institutional clients, with a focus on permissioned networks and private blockchains due to regulatory concerns. Goldman Sachs is preparing to launch three major token projects by the end of the year as part of its strategic expansion into digital assets.…
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Goldman Sachs to launch three tokenization projects
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Goldman Sachs is set to launch three token projects targeting institutional clients, with a focus on permissioned networks and private blockchains due to regulatory concerns. Goldman Sachs is preparing to launch three major token projects by the end of the year as part of its strategic expansion into digital assets.…
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Dollar steady ahead of Powell Mark II; euro looks to French politics By Investing.com
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The U.S. dollar was steady in early European trading on Wednesday, remaining near a three-week low, after the first day of Federal Reserve Chairman Jerome Powell’s two-day testimony on Capitol Hill, while the euro held steady amid political uncertainty. At 05:25 ET (09:25 GMT), the dollar index, which tracks the…
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47.36 Million ETH Stake in the ETH2 Beacon Deposit Contract
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Ethereum 2.0 trading has seen significant growth and reached a major milestone. Thus, the deposit contract for trading Ethereum on Beacon Chain reached an all-time high of 47.36 million ETH this week. Interestingly, this represents 33.9% of the total Ethereum supply. Major Achievement in ETH2 Sharing According to the Data…
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New York working hours increase by 2.4% but productivity drops by 1.8%
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A recent study by AI productivity platform Plus Docs, analyzing the latest data from the Bureau of Labor Statistics (BLS), shows a 2.4% increase in work hours in New York for 2022-23, accompanied by a 1.8% decrease in labor productivity. Nationally, average hours worked increased 1.7 percent, and labor productivity…
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European major indices rebound higher in trading today
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Major European indices closed higher on the day, recovering from yesterday’s declines. A screenshot of the final levels shows: German DAX, +0.99% French CAC index, +0.86% FTSE 100 +0.66% Spain’s IBEX rises 1.59% Italy’s FTSE MIB rises 1.31% As European traders head for the exits, US stocks are trading back…
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Crypto CEO Predicts Bitcoin Market Trends For The Mid-Term Using Miner Capitulation
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Miners are an integral part of the Bitcoin network, and since new supply comes through them, it can be important to track what miners are doing with their coins in an attempt to predict where the market might go in the future. Given this, Ki Young Joo, founder of analytics…
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Crypto CEO Predicts Bitcoin Market Trends For The Mid-Term Using Miner Capitulation
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Miners are an integral part of the Bitcoin network, and since new supply comes through them, it can be important to track what miners are doing with their coins in an attempt to predict where the market might go in the future. Given this, Ki Young Joo, founder of analytics…
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Abbott Rips Biden Over Beryl Call: ‘He Just Flat Out Made It Up’
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Breadcrumbs Path Links PMN Business Texas Gov. Greg Abbott responded to President Joe Biden’s claim that he had difficulty tracking down emergency funds for hurricane relief, saying the claim was “completely false and outlandish.” Article author: Bloomberg News Julie Fine and Brendan Case Published on July 10, 2024 • Read…
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ADM names 3M’s Patolawala as its CFO amid US government investigation By Reuters
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Manufacturing giant 3M said Wednesday that Chief Financial Officer Monish Batulawalla will leave the company at the end of this month, before moving to Archer Daniels Midland as the grain trading company’s new chief financial officer. The company said on Wednesday that Batolawala’s appointment as CEO will take effect on…
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Foundation Devices Aims To Build The iPhone Of Bitcoin Hardware
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Company Name: Basic devices Founders: Zach Herbert, Ken Carpenter and Jacob Johnston Date of Establishment: March 2020 Headquarter Location: Boston, Massachusetts and Outlying Areas (Worldwide) Amount of Bitcoin in the vault: The institution holds the bitcoin but has not disclosed the amount. Number of Employees: 24 full time employees website:…
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Foundation Devices Aims To Build The iPhone Of Bitcoin Hardware
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Company Name: Basic devices Founders: Zach Herbert, Ken Carpenter and Jacob Johnston Date of Establishment: March 2020 Headquarter Location: Boston, Massachusetts and Outlying Areas (Worldwide) Amount of Bitcoin in the vault: The institution holds the bitcoin but has not disclosed the amount. Number of Employees: 24 full time employees website:…
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Yuval Soiref to market Mike Tyson medical cannabis in Germany
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Israeli cannabis entrepreneur Yuval Soarev is teaming up with legendary boxer Mike Tyson to market medical cannabis Tyson 2.0 exclusively in Germany. Since April 1, 2024, cannabis has been removed from the list of prohibited drugs in Germany, and its use has become legal. Germany thus joins several states in…
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BofA sees EUR/USD parity as a rare event, ‘unlikely’ to happen By Investing.com
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Analysts at Bank of America noted that while some market watchers continue to speculate that the exchange rate could reach parity, such an event is considered rare and short-lived historically. They pointed to a chart showing that, with the exception of the dot-com bubble burst, the probability of a currency…
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Big Rally Coming For Chainlink? Analyst Sees Double-Digit Surge
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For Chainlink (LINK), the Bitcoin market waters are moving in its favor. Thanks to the recent buildup from major investors and bullish expectations, the asset is showing signs of life after a period of sluggish performance. However, the road to recovery could be bumpy as experts have mixed predictions for…
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Big Rally Coming For Chainlink? Analyst Sees Double-Digit Surge
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For Chainlink (LINK), the Bitcoin market waters are moving in its favor. Thanks to the recent buildup from major investors and bullish expectations, the asset is showing signs of life after a period of sluggish performance. However, the road to recovery could be bumpy as experts have mixed predictions for…