Author: Investor Empires
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Tencent’s ‘Dungeon & Fighter’ game dominates China’s mobile download charts By Reuters
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BEIJING (Reuters) – Tencent Holdings Ltd’s newly launched Dungeon & Fighter (DNF Mobile) game has had a strong start, dominating the top-grossing charts on Apple Inc’s iOS platform in China for nearly a month, industry data showed. The game, which launched in the world’s largest gaming market on May 21,…
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What Would the XRP Price be if the Ripple v. SEC Lawsuit Didn’t Happen?
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The lawsuit between Ripple Labs and the US Securities and Exchange Commission began in 2020 and is currently in its pilot phase. There is no telling when it might end and who the winner will be, although Ripple has scored some wins before the trial begins. The court’s main goal…
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Traders have poured $5 billion into leveraged Nvidia ETFs. They’re up 425% even after the stock’s big wipeout.
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Stock market bullMoonset/Getty Images Leveraged ETFs tracking Nvidia’s performance have soared this year. The leveraged funds focused on the AI giant have attracted $5 billion from investors. This amount is leagues beyond other single-stock ETFs that track huge technology names. A new type of exchange-traded fund has been making waves…
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Asia FX weakens as dollar steadies; yen back near intervention range By Investing.com
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Investing.com — Most Asian currencies fell on Wednesday as anticipation for key U.S. inflation data left traders largely favoring the dollar, with the Japanese yen approaching levels that sparked the latest government intervention. The Australian dollar was an outlier during the day, rising sharply after a hotter-than-expected inflation reading sparked…
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Bitcoin As Federal Tax Payment Method? Congressman Presents New Legislation
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In an important development for the crypto industry, Republican Congressman Matt Gaetz is set to introduce a new bill allowing Federal income tax payments It will be conducted using Bitcoin (BTC). Gates believes that by allowing taxpayers to use Bitcoin in their federal tax liabilities, the country can foster innovation,…
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Bitcoin As Federal Tax Payment Method? Congressman Presents New Legislation
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In an important development for the crypto industry, Republican Congressman Matt Gaetz is set to introduce a new bill allowing Federal income tax payments It will be conducted using Bitcoin (BTC). Gates believes that by allowing taxpayers to use Bitcoin in their federal tax liabilities, the country can foster innovation,…
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Watch for more auto shockers after Rivian landed Volkswagen as a major partner
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hapapapa Rivian Cars (Nasdaq:RIVN) shook up some tremors across the electric vehicle sector with its announcement that the company will form a joint venture with Volkswagen (OTCPK:VLKAF) (OTCPK:VWAGY). Volkswagen (OTCPK:VLKAF) $5B Initial and Planned Investments, Plus Rivian (RIVN)) Current Cash Position It is expected to provide capital to fund the…
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Chart Art: GBP/CAD’s Potential Support Near A Long-term Area Of Interest
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GBP/CAD is having trouble extending the downtrend despite a bullish CAD report. Will this extend the pair’s weeks-long upward trend? We look at the daily chart for more evidence: GBP/CAD Forex Daily Chart by TradingView In case you missed it, Canada just dropped its May CPI numbers which showed faster-than-expected…
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Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin
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Congressman Matt Gaetz (R-Fla.) has introduced legislation allowing federal income tax payments to be made in Bitcoin. Reported exclusively First reported by The Daily Wire, this bill aims to amend the Internal Revenue Code of 1986, directing the Secretary of the Treasury to develop a plan to accept Bitcoin. Urgent:…
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Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin
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Congressman Matt Gaetz (R-Fla.) has introduced legislation allowing federal income tax payments to be made in Bitcoin. Reported exclusively First reported by The Daily Wire, this bill aims to amend the Internal Revenue Code of 1986, directing the Secretary of the Treasury to develop a plan to accept Bitcoin. Urgent:…
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Ethereum ETF update: Speaking at Bloomberg Invest, CFTC chair Gary Gensler says application is ‘going smoothly’
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Securities and Exchange Commission Chairman Gary Gensler belied his impatience when answering reporters’ questions about cryptocurrencies, including his agency’s handling of applications to launch Ethereum ETFs. Speaking with journalist Anne-Marie Hordern at a Bloomberg Invest event in New York on Tuesday, Gensler accused his interviewer of chasing “clicks” after she…
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BNP Paribas on what’s priced into FX markets with upcoming French elections
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Indicators suggest that valuations and positioning are not at extended levels. EURUSD valuations are far from over the top in a downward move. Reinforces conviction to challenge the risk reward of maintaining short exposure to the euro. Elections exacerbate the scope of the downside. Positions are not close to extreme…
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Bitcoin Price Reaches Rejection Zone: Can It Overcome the Resistance?
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Bitcoin price has recovered above the $62,000 resistance area. BTC must clear the $62,500 resistance area to continue higher in the near term. Bitcoin started a recovery wave above the $61,500 and $62,000 levels. The price is trading below the $63,000 level and the 100 hourly simple moving average. There…
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The duo shock Kenyan businesswomen face
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Our beloved Kenya has witnessed a sudden shift in societal consciousness over the past week. In the midst of new anti-tax protests in Kenya, we as business academics must begin to analyze the potential impacts on businesses and the economy as a whole. In other countries, small business owners, especially…
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Americans seek out cooler destinations for July 4 travel as temperatures sizzle By Reuters
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Written by Shivansh Tiwari (Reuters) – High temperature warnings made Americans rethink their Fourth of July travel plans and sparked a rush to cooler places for the holidays, data from Booking.com (NASDAQ:.com) showed. Coastal destinations and those offering water activities emerged as top choices with a third of Americans looking…
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Solana Revolutionizes Web3 Accessibility With Groundbreaking “Actions” And “Blinks”
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The blockchain industry has long faced the challenge of making decentralized applications (dApps) and cryptocurrency transactions accessible to ordinary users. Solana, a high-performance blockchain network, recently unveiled a game-changing solution to this problem – introducing SOL Actions and Blinks. These innovative tools aim to transform any website or application into…
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Solana Revolutionizes Web3 Accessibility With Groundbreaking “Actions” And “Blinks”
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The blockchain industry has long faced the challenge of making decentralized applications (dApps) and cryptocurrency transactions accessible to ordinary users. Solana, a high-performance blockchain network, recently unveiled a game-changing solution to this problem – introducing SOL Actions and Blinks. These innovative tools aim to transform any website or application into…
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A ‘Badge of Shame’ for the Stock Exchange, Says Amnesty International
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Global high street fashion company SHEIN has reportedly submitted documents to the UK market regulator, indicating an imminent flotation on the London Stock Exchange. The move sparked intense criticism from Amnesty International, which highlighted questionable labor and human rights standards at the company. Sheen, known for its low-cost production, has…
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Asia FX sees some relief as dollar cools; yen firms amid intervention talk By Investing.com
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Investing.com — Most Asian currencies rose slightly on Tuesday as the recent rally in the dollar slowed, with the Japanese yen gaining some strength amid speculation about government intervention and interest rate hikes by the Bank of Japan. But sentiment towards Asian markets remained fragile due to the possibility of…
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Florida lawmaker pitches ‘Bitcoin for Taxes’ bill
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A Florida lawmaker has introduced a bill that would give the green light to Bitcoin as an approved payment method for federal taxes. On Tuesday, Republican Representative Matt Gaetz proposed a bill that would allow US citizens to settle their federal income tax liabilities using Bitcoin (BTC). Gates said that…