Author: Investor Empires
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Is obsolete technology holding back innovation?
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When we think of technology, especially in recent decades, we tend to think of something very futuristic – things that are really advanced, fast, and able to correctly interpret all the needs of “real” people and users who populate the web. But on this subject, we cannot forget that some…
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Kickstart the FX trading day for July 5 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In this July 5, 2024 Forex Market Opening Video, I take a technical look at the three major currency pairs – EURUSD, USDJPY, and GBPUSD. Today, the US jobs report was mixed, with nonfarm payrolls in June coming in above expectations, but revisions for the previous two months offsetting those…
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More Details About the Mt. Gox Bitcoin Repayments: What’s Next?
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Defunct cryptocurrency exchange Mt Gox has finally started paying off its creditors ten years after declaring bankruptcy. According to advertisement From the Gox Mountain Rehabilitation Fund, the defunct estate distributed Bitcoin (BTC) and Bitcoin Cash (BCH) payments to certain creditors on July 5 through select crypto exchanges linked to the…
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More Details About the Mt. Gox Bitcoin Repayments: What’s Next?
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Defunct cryptocurrency exchange Mt Gox has finally started paying off its creditors ten years after declaring bankruptcy. According to advertisement From the Gox Mountain Rehabilitation Fund, the defunct estate distributed Bitcoin (BTC) and Bitcoin Cash (BCH) payments to certain creditors on July 5 through select crypto exchanges linked to the…
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Globally, Value funds gave back some performance in June By Investing.com
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Bank of America reported a turnaround in global fund performance for June, with value funds seeing an average decline of 0.88% relative to their benchmarks. Only 24% of value funds managed to outperform their benchmarks in June. Despite the decline, Bank of America acknowledged that value funds still have an…
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Hamster Kombat Hits 239 Million Users In 81 Days
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Hamster Kombat, a crypto game launched on Telegram, has attracted 239 million users in just 81 days. Telegram CEO Pavel Durov has hailed the game as a transformative force in digital services, signaling a major shift in how blockchain technologies are integrated with mass-market applications. Telegram’s Hamster Kombat Game Breaks…
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UK election-winner Starmer inherits weak economy with ‘no magic wand’ By Reuters
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By William Schomberg LONDON (Reuters) – Britain’s incoming prime minister, Keir Starmer, has spent his election campaign accusing Rishi Sunak’s Conservative Party of “14 years of economic failure” but has no clear quick fix to pull the country out of its slow growth rut. Living standards have stagnated since the…
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Bitcoin Price Falls as Mt Gox Starts Repayments
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Bitcoin fell this week, falling below $55,000 for the first time since February, as the now-defunct Mt Gox exchange began distributing billions of dollars in outstanding funds. Mt Gox Announced It has begun paying off creditors, ending years of waiting caused by its collapse in 2014. The Japan-based exchange will…
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Global Blue Releases the Monthly Tax Free Shopping Business Update for June 2024 By Investing.com
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New data from Global Blue reveals that the global dynamic recovery in tax-free shopping has accelerated across continental Europe and the Asia-Pacific region. Globally, the recovery rate of exported store sales was 168%1 in June 2024 compared to the same period in 2019, compared to 163%1 in April/May 2024 and…
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Bitcoin Price Crashes Below $54,000: Top-5 Reasons
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Over the past four days, Bitcoin has fallen by more than 15%, with a massive 7.8% drop in the past 24 hours alone. From a high of around $72,000 in early June, Bitcoin is now down around 25%. Here are the key factors behind yesterday’s sharp price drop. #1 Bitcoin…
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Bitcoin Price Crashes Below $54,000: Top-5 Reasons
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Over the past four days, Bitcoin has fallen by more than 15%, with a massive 7.8% drop in the past 24 hours alone. From a high of around $72,000 in early June, Bitcoin is now down around 25%. Here are the key factors behind yesterday’s sharp price drop. #1 Bitcoin…
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2 Artificial Intelligence Stocks That Could Make You a Millionaire
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artificial intelligence Artificial intelligence is all the rage in the market today. Despite some hype, AI seems to have staying power and is set to have a real impact on the economy. People and businesses are using AI to create and use all sorts of transformative applications. Never-before-seen photography and…
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GBPUSD Technical Analysis – We are approaching a key resistance
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Basic Overview The US dollar fell broadly after weak US jobless claims and the Institute for Supply Management’s services PMI. Overall, the data did little to change interest rate expectations, but it reinforced the view that the Federal Reserve will cut rates at least twice by the end of the…
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Crypto scammers stole nearly $60m from 20 victims in H1 2024, data shows
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Phishing scammers have made over $300 million through EVM chains by targeting around 260,000 victims, according to data compiled by Scam Sniffer. The first half of 2024 was another lucrative period for phishing scammers as they stole $314 million worth of cryptocurrencies, a 6.44% increase compared to 2023, according to…
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Crypto scammers stole nearly $60m from 20 victims in H1 2024, data shows
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Phishing scammers have made over $300 million through EVM chains by targeting around 260,000 victims, according to data compiled by Scam Sniffer. The first half of 2024 was another lucrative period for phishing scammers as they stole $314 million worth of cryptocurrencies, a 6.44% increase compared to 2023, according to…
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Asian markets reverse gains, Nikkei slightly lower after touching record levels
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Paul Gould Japan (NKY:IND) -0.08% The Nikkei 225 hit a record high, surpassing the 41,000 mark for the first time, before losing momentum. Japan’s index of coincident economic indicators, which covers a range of data including factory output, employment and retail sales, rose to 116.5 in May. 2024. China (SHCOMP)…