Author: Investor Empires
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German Government Continue Bitcoin Sell-Off, Sparking Market Volatality Bitcoin Trading At $58K
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In a move that has shocked the cryptocurrency market, the German government has continued to sell off its Bitcoin (BTC) holdings over the past few weeks. This massive liquidation, worth nearly $1 billion worth of Bitcoin, has put significant selling pressure on the world’s largest digital asset, contributing to a…
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Macquarie-Backed African Renewables Investor Seeks Fresh Funds
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Breadcrumbs Path Links PMN Business Revigo Fund Management, which runs Africa’s first fund focused primarily on investing in operating renewable energy assets, is seeking new investors as it works towards its eventual listing. Article author: Bloomberg News Anthony Sguazin Published on July 10, 2024 • Read for 2 minutes You…
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Volkswagen shares down after possible Brussels plant closure, profit warning By Reuters
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FRANKFURT (Reuters) – Shares of Volkswagen fell 1.5 percent in early Frankfurt trading after Europe’s largest carmaker issued a profit warning late on Tuesday over accusations related to the possible closure of an Audi plant in Brussels. Volkswagen said the costs of finding an alternative use for the Brussels plant…
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Profiling web3 gamers can help blockchain become mainstream
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Disclosure: The opinions and ideas expressed here belong solely to the author and do not represent the opinions and views of the crypto.news editorial board. What is a “gamer”? Is it a teenager who enjoys playing battle royales? Is it a hardcore gamer who enjoys an indie game? Is it…
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AmTrust to invest for 15% stake in weSure Global Tech
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US insurance and financial giant AmTrust is investing NIS 72.6 million in Israeli digital insurance company weSure Global Tech (TASE: WESR), at a price well above the current market price. The two sides signed a “significant private placement agreement.” weSure also controls Israeli traditional insurance company Ayalon. Following the announcement,…
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Asia FX flat as dollar steadies on Powell comments; Kiwi sinks on dovish RBNZ By Investing.com
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Most Asian currencies moved in a flat-to-low range on Wednesday as the dollar found some strength after Federal Reserve Chairman Jerome Powell offered no direct signals on interest rate cuts. The New Zealand dollar was the worst performer of the day after the Reserve Bank of New Zealand struck a…
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Paxful Co-Founder Pleads Guilty to AML Program Failures
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Arthur Schapak, Paxful co-founder and former CTO, pleaded guilty to conspiracy to willfully fail to establish, develop, implement, and maintain a compliant anti-money laundering program as required by the Bank Secrecy Act. In a statement, the US Department of Justice’s Office of Public Affairs revealed that Shabak failed to collect…
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These 3 overlooked areas of the stock market have ‘coiled spring’ upside, JPMorgan says
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iStock; Rebecca Zisser / P JPMorgan Asset Management says there are unrealized gains in three underbought areas of the stock market. These sectors include semiconductors, rail and parcels, and home improvement, according to the company. These investments could be great additions to a portfolio as earnings growth in AI stocks…
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Daily Broad Market Recap – July 9, 2024
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Traders continued to watch Fed Chair Jerome Powell’s testimony, but did the event move the markets that much? Here’s how asset classes are reacting, plus other economic updates you need to know: headlines: NAB Australia’s business confidence index improved from -2 to +4 in June Japan’s initial machine tool orders…
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Is This The Reason Behind BTC’s Crash?
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Data shows that the “paper” Bitcoin has seen a significant rise in price recently while the spot cryptocurrency has fallen. Bitcoin Paper Value Soars While Spot Bitcoin Remains Steady In new string On the X show, analyst Willy Woo talks about the state of the Bitcoin market. Bitcoin has been…
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Is This The Reason Behind BTC’s Crash?
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Data shows that the “paper” Bitcoin has seen a significant rise in price recently while the spot cryptocurrency has fallen. Bitcoin Paper Value Soars While Spot Bitcoin Remains Steady In new string On the X show, analyst Willy Woo talks about the state of the Bitcoin market. Bitcoin has been…
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Albemarle plunges to lowest in nearly four years as lithium prices keep sliding (NYSE:ALB)
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Olemedia/E+ via Getty Images Albemarle (NYSE: ALP) ended Tuesday’s trading as the biggest loser in the S&P 500, -8.7% To its lowest level since October 2020, where Two Wall Street analysts cut their price targets. For the stock. Lowered stock price to $127 from $170 even while maintaining overweight Lithium…
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ForexLive Asia-Pacific FX news wrap: RBNZ leans more dovish, NZD drops
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The two most interesting items during the session here were inflation data from China and the Reserve Bank of New Zealand’s July monetary policy review. The Reserve Bank of New Zealand dropped a dovish bombshell. I explained it at the time (see points above): *** From the Reserve Bank of…
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Senator Marsha Blackburn Now Accepts Bitcoin And Crypto Donations
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U.S. Senator Marsha Blackburn (R-TN) announced in a press release to Bitcoin Magazine that her re-election campaign now accepts cryptocurrencies. DonationsThe move comes as Blackburn’s campaign recently launched a dedicated Bitcoin page. Donations. “Our campaign is committed to meeting supporters where they are,” said Senator Blackburn. “As more Americans use…
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Wages in the U.K. are growing twice as fast as Europe and the U.S. thanks to one simple policy
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The new Labour government in the UK has emerged from its landslide election victory promising to return the country to its economic highs. The latest evidence of workers’ wage growth will provide a good platform for the government to deliver on that promise. Wages rose by 7% in the UK…
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Asian stocks tread water amid mixed Chinese, Japanese inflation By Investing.com
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Investing.com — Most Asian stocks were rangebound on Wednesday as markets digested mixed inflation data from China and Japan, while the focus remained on when the Federal Reserve will start cutting interest rates. Regional stocks received moderate signals from Wall Street, with technology stocks seeing sharp gains and nearing new…
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83% Of All Bitcoin Holders Still In Profit Despite Drop Below $60,000
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Over the weekend, Bitcoin’s price dropped below $60,000 amid a sell-off by major holders like the German and US governments. This led to one of the biggest drops the leading cryptocurrency has seen in the past two years, costing the market billions of dollars. However, despite this, Bitcoin holders are…
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83% Of All Bitcoin Holders Still In Profit Despite Drop Below $60,000
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Over the weekend, Bitcoin’s price dropped below $60,000 amid a sell-off by major holders like the German and US governments. This led to one of the biggest drops the leading cryptocurrency has seen in the past two years, costing the market billions of dollars. However, despite this, Bitcoin holders are…
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Vodafone books Sh5bn loss from M-Pesa cash firm sale
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British multinational Vodafone said it recorded a loss of €37 million (Sh5.1 billion) from the sale of the company that holds M-Pesa funds to Safaricom for a symbolic price of $1 (Sh128). The loss represents the transfer of a valuable subsidiary – M-Pesa Holding Company Limited – for almost nothing…
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New Zealand rate pricing implies 25bp rate cut for October vs. 16 before RBNZ ststament
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…