Author: Investor Empires
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Bitcoin ETFs record second-best inflow day since March, $886.6m added
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US-based Bitcoin exchange-traded funds (ETFs) saw their second-best combined inflow day ever, with preliminary data indicating an inflow of $886.6 million. According to data from Farside Investors, Fidelity Wise Origin Bitcoin Fund (FBTC) led an inflow of $378.7 million, followed by Blackrock’s Bitcoin ETF (IBIT) with $274.4 million. The ARK…
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Elliott rebuilds ‘substantial’ stake in SoftBank – report (Pink Limited Info:SFTBF)
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Elliott Management has rebuilt a major stake in SoftBank ( OTCPK:SFTBY ) ( OTCPK:SFTBF ) and is pushing the Japanese technology group, founded by Masayoshi Son, to launch a $15 billion stock buyback, Financial Times mentioned. Elliott, founded by Paul Singer, has a larger stake More than US$2 billion and…
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Launches of FX NDF Trading in Asia Pacific
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SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule them all? | Fmas:24 SuperApps: One app to rule…
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Crypto Markets Add $80 Billion Daily as Bitcoin (BTC) Explodes to $71K (Market Watch)
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After failing to overcome the $70,000 level on Monday, Bitcoin went on the offensive in the last few hours and rose past that level and reached a multi-week peak of over $71,250. Altcoins have also turned green, with huge gains from the likes of Binance Coin, Toncoin, Shiba Inu, Uniswap…
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With over 1.7 million employees, the U.K.’s NHS has become a ‘rinse-and-repeat target’ for cybercriminals—disrupting services and risking lives
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In June last year, a Russian cybercrime gang called BlackCat Hacked Barts Health NHS Trust, part of the UK’s National Health Service which runs several hospitals in London, and I posted some of it online In an attempt to blackmail Last month, a different group, called INC Ransom, published a…
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Dollar bounces off tow-month lows; ECB seen cutting rates this week By Investing.com
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Investing.com – The US dollar rose in early European trade on Wednesday, rebounding from two-month lows before more clues on future monetary policy emerged. At 03:40 EDT (08:40 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.2% to 104.265, after falling…
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Hype Or Happening? CEO Makes Bold Prediction
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Bitcoin (BTC) is poised for a stunning close by 2024, according to industry heavyweight Mike Novogratz. at recent days Interview with Bloomberg, Galaxy Digital’s CEO expects prices to rise to $100,000 by the end of the year, driven by a combination of factors. Breaking Barriers: Threshold of $73,000 Novogratz’s prediction…
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Hype Or Happening? CEO Makes Bold Prediction
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Bitcoin (BTC) is poised for a stunning close by 2024, according to industry heavyweight Mike Novogratz. at recent days Interview with Bloomberg, Galaxy Digital’s CEO expects prices to rise to $100,000 by the end of the year, driven by a combination of factors. Breaking Barriers: Threshold of $73,000 Novogratz’s prediction…
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State plans second Sh130bn Eurobond buyback in 2024
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Kenya seeks to spend another 130.7 billion shillings ($1 billion) this year to repay its multi-billion-shilling Eurobond due in 2027, as incoming payments slow as part of efforts to mitigate currency and default risks. The country unveiled a buyback plan to the World Bank, but did not reveal whether it…
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FX Watch: EUR/JPY Resistance Levels Ahead of ECB’s Decision
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The rise of EUR/JPY from the support area has me looking at potential resistance levels ahead of the European Central Bank (ECB) policy decision! Earlier this week, the Japanese yen got a boost from talks that the Bank of Japan may discuss slowing its bond purchases as early as next…
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BlackRock’s $20 Billion IBIT Becomes The World’s Largest Bitcoin ETF
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BlackRock’s Bitcoin spot ETF, iShares Bitcoin Trust (IBIT), has surpassed Grayscale’s Bitcoin Trust (GBTC) as the world’s largest Bitcoin ETF. As of May 28, IBIT has over $20 billion in assets with 288,670 BTC in its trust. This exceeds GBTC’s $19.7 billion in assets and 287,450 Bitcoin holdings. JUST IN:…
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Management team incentivisation and selling your business
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If you are an owner-managed business but want to maximize the proceeds of the sale upon closing (and avoid a profit structure), you need to hire a new management team before you exit to prove to the buyer that they are not doing that. We will not require you to…
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Spain May services PMI 56.9 vs 56.4 expected
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Once again, Spain remains the bright spot in the Eurozone. This represents the largest increase in activity in more than a year. HCOB notes that: “In May, Spain’s services sector continued to expand. Both activity and new business saw significant growth, with the Services PMI business activity index rising to…
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Price Skyrockets 40% During US Banking Crisis
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Bitcoin, an obscure digital currency, is back in the spotlight as the US banking system faces mounting pressure. While some predict a massive rise to $1 million per coin, fueled by economic woes, others remain skeptical. Related reading Banking on the rise of Bitcoin? Bitcoin Supporters see it as a…
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Swiss Finance Minister flags legal risks to winding up global banks By Reuters
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ZURICH (Reuters) – International financial authorities must take into account the legal risks surrounding the potential liquidation of global banks, Swiss Finance Minister Karin Keller-Sutter said on Wednesday. In an interview with the Frankfurter Allgemeine Zeitung newspaper, Keller Sutter was asked whether the rules for dealing with banks deemed “too…
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Is there life after halving? Challenges and opportunities for Bitcoin miners
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After the halving, Bitcoin (BTC) miners face pressure as rewards fall and costs rise. Can innovative strategies and market dynamics help them stay profitable? Bitcoin halving is an event built into the Bitcoin protocol and occurs approximately every four years. This results in a decrease in the reward miners receive…
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Musk to check Au10tix allegations by X anti-Israel influencers
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Veteran Israeli identity verification company Au10tix In the midst of a new social media storm, as anti-Israel influencers demand that X (formerly Twitter) end its partnership with the company. For several years, Au10tix has provided Company X with identity verification services for its users, and anti-Israel activists are currently pressuring…
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Tradeweb Integrates Repurchase Agreements and Interest Rate Swaps
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Tradeweb Markets has launched a new feature to connect repo and interest rate swaps (IRS) to enhance execution workflow in these markets. Electronic marketplaces for interest rates, credit, stocks and money markets promised to drive efficiency in how institutional clients navigate these markets through the new offering. Connecting repo markets…
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Another Country Will See its First Spot Bitcoin ETF: Report
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According to the Bangkok Post, the Securities and Exchange Commission of Thailand (SEC) has granted approval to One Asset Management, a local company, to offer the first exchange-traded fund (ETF) in Thailand. This ETF is available exclusively to wealthy and institutional investors and follows the policy of investing in 11…