Author: Investor Empires
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Top cryptocurrencies to watch this week: TON, ADA, SWFTC
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Bitcoin (BTC) briefly retested the $72,000 mark last week before regaining some of its gains. Meanwhile, some of the top cryptocurrencies posted modest gains. The global cryptocurrency market capitalization rose modestly by $10 million, closing the week at $2.54 trillion. Here are the top cryptocurrencies to watch this week, based…
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Top cryptocurrencies to watch this week: TON, ADA, SWFTC
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Bitcoin (BTC) briefly retested the $72,000 mark last week before regaining some of its gains. Meanwhile, some of the top cryptocurrencies posted modest gains. The global cryptocurrency market capitalization rose modestly by $10 million, closing the week at $2.54 trillion. Here are the top cryptocurrencies to watch this week, based…
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BNB token surge makes Binance’s Changpeng Zhao even richer in prison
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The BNB token, a cryptocurrency linked to Binance and its jailed co-founder Changpeng Zhao, rose to a record high in the first week of his four-month prison sentence in the United States. Its rise confirms Chow’s status as the richest person ever to serve time in a US federal prison.…
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Margin Expansion of IT Cos. in FY25 Faces Significant Hurdles By Investing.com
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The latest Jefferies report casts doubt on the expected expansion in EBIT margins for IT companies in FY25. The consensus forecast is for an increase of 80 basis points year-on-year, to 20.3% for the sector. However, while there is optimism for a significant improvement of 380 basis points (240 basis…
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Here’s a Timeline of Tether’s Latest Investments
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The largest stablecoin issuer, Tether, has recently made a lot of investments in cryptocurrency and AI startups. These investments and the company’s progress beyond stablecoins show that the entity is keen to expand its operations. Over the past few months, Tether has ventured into other sectors such as peer-to-peer communications,…
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Here’s a Timeline of Tether’s Latest Investments
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The largest stablecoin issuer, Tether, has recently made a lot of investments in cryptocurrency and AI startups. These investments and the company’s progress beyond stablecoins show that the entity is keen to expand its operations. Over the past few months, Tether has ventured into other sectors such as peer-to-peer communications,…
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David Thuo, the recreational runner on a 90km record-breaking marathon
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David Thuo’s BMW boots could be mistaken for the locker room of an elite gym. Several pairs of the latest Nike racing shoes here, bottles of precisely mixed hydration fluids, a training mat, complete nutritious meals, running clothes… What particularly catches my attention is his rich repertoire of Nike racing…
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US stocks set to open marginally lower after the stronger US jobs report
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US jobs data came in stronger than expected with Non-Farm Payrolls rising by 272K versus estimates of 185K. The unemployment rate rose to 4.0% as the participation rate declined. US yields rose with the 10-year bond yield rising 12.7 basis points to 4.408%. However, the 10-year bond yield rose to…
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Bitcoin Price To Stay Afloat At $67,000? Here’s The Level To Watch
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Bitcoin’s price took a hit last weekend, falling below the psychological level of $70,000 again. According to CoinGecko data, the price of BTC is currently around $69,204, reflecting a 0.1% decline in the past day. However, on-chain data indicates that the major cryptocurrency is currently retesting a major support level…
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David Davis Criticises Extradition Treaty Following Mike Lynch Acquittal
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Sir David Davis, former leader of the Conservative Party, has strongly criticized Britain’s extradition treaty with the United States following the acquittal of British technology entrepreneur Mike Lynch. Lynch was acquitted of charges related to inflating the value of his company, Autonomy, in its sale to Hewlett-Packard (HP). Davis stated…
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ASML receives new Street-high price target, HPE upgraded By Investing.com
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Investing.com – Here are the biggest artificial intelligence (AI) analyst moves this week. InvestingPro subscribers always get the first feedback from market-moving AI analysts. Upgrade today! Evercore: Nvidia stock split could be a catalyst for volatility Nvidia (NASDAQ:) stock will begin trading on Monday on an adjusted split, and according…
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US Bitcoin ETFs Saw $880M in Inflows, Highest Since March
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Bitcoin exchange-traded funds (ETFs) in the United States saw their second-highest daily inflow ever on Tuesday, taking in more than $886 million. This represents the largest single-day withdrawal of funds since March. New: ?? #Bitcoin ETFs saw inflows of $886 million yesterday, the 16th straight day of inflows. We are…
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US Bitcoin ETFs Saw $880M in Inflows, Highest Since March
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Bitcoin exchange-traded funds (ETFs) in the United States saw their second-highest daily inflow ever on Tuesday, taking in more than $886 million. This represents the largest single-day withdrawal of funds since March. New: ?? #Bitcoin ETFs saw inflows of $886 million yesterday, the 16th straight day of inflows. We are…
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US Bitcoin ETFs Saw $880M in Inflows, Highest Since March
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Bitcoin exchange-traded funds (ETFs) in the United States saw their second-highest daily inflow ever on Tuesday, taking in more than $886 million. This represents the largest single-day withdrawal of funds since March. New: ?? #Bitcoin ETFs saw inflows of $886 million yesterday, the 16th straight day of inflows. We are…
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‘No network is flawless’: Wildfires underscore resiliency challenges for telecoms
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Breadcrumb links BMN technology BMN Business Article writer: Canadian Press Sammy Hodes Published on June 9, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. When wind-driven wildfires raged on the Hawaiian island of Maui last…
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‘No network is flawless’: Wildfires underscore resiliency challenges for telecoms
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Breadcrumb links BMN technology BMN Business Article writer: Canadian Press Sammy Hodes Published on June 9, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. When wind-driven wildfires raged on the Hawaiian island of Maui last…
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FTX Creditors Filed an Objection against Bankruptcy Reorganization Plan
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A group of creditors of the now-collapsed FTX have moved to court, objecting to the cryptocurrency exchange’s bankruptcy reorganization plan, which would pay unsecured creditors the full amount of their claims, if not more. Formal objection from FTX creditors A group led by Sunil Kavori, one of FTX’s creditors, filed…
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Israel’s fiscal deficit widens to 7.2%
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Israel’s fiscal deficit continued to widen in May, reaching 7.2% of GDP over the past 12 months, or NIS 137.7 billion, according to Finance Ministry Accountant General Eli Rotenberg, compared to 6.9% of GDP. At the end of April. The fiscal deficit target for the end of 2024, as set…
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Weekly Market Outlook (10-14 June)
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Upcoming events: Tuesday: UK Labor Market Report, US NFIB Small Business Optimism Index. Wednesday: Japanese Producer Price Index, Chinese CPI, UK GDP, US CPI, FOMC Policy Decision. Thursday: Australian Labor Market Report, Swiss Producer Price Index, Eurozone Industrial Production, US Producer Price Index, US Unemployment Claims. Friday: New Zealand Manufacturing…
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DeFi Loans Surging To Record 11 Billion And What Does It Means For Market
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The decentralized finance (DeFi) scene has been on the rise recently, with the total value locked (TVL) in DeFi loans reaching $11 billion, the highest level in two years. This explosive growth has been driven by a myriad of factors, including the relentless pursuit of higher returns, the evolving strategies…