Author: Investor Empires
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Shiba Inu on the Verge of 600% Rally? Analyst Weighs In
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The Shiba Inu, known as the “Dogecoin Killer,” is eagerly anticipating a big jump in prices. Market analyst Ashish sparked excitement with a bold prediction: a 600% surge could catapult the memecoin to an impressive level of $0.000075. Related reading This bullish outlook comes after what Ashish described as almost…
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Closing the fiscal gap: Higher VAT, lower net pay
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Work on the 2025 budget is progressing well, although there is still time before it is approved by the Knesset. This time, budget preparation will be particularly complicated, because of the war, the fiscal deficit, and the measures that taxpayers will have to bear. Specialists in the Ministry of Finance…
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Hedge funds sell US stocks at fastest rate since January By Investing.com
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Hedge funds sold off US stocks at a rate not seen since early January, marking a major shift in investment behavior after five straight weeks of net buying. This change in momentum was highlighted in a report from prime brokerage Goldman Sachs, which noted that the sell-off is in line…
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Ethereum outlook bullish after ETF approval despite retreat
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Days after hitting a one-month high of $3,943, the price of Ethereum (ETH) has begun a correction. The initial surge came after the US Securities and Exchange Commission (SEC) approved applications from the Nasdaq and the New York Stock Exchange to list Ethereum exchange-traded funds. Although ETF issuers still need…
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Rapper Nicki Minaj cancels show in England after being held at Amsterdam airport By Reuters
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AMSTERDAM (Reuters) – American rapper Nicki Minaj on Saturday canceled a concert in Manchester, England, after she said police detained her at Amsterdam Schiphol Airport over allegations of possession of soft drugs. “Despite Nicki’s best efforts to explore every possible avenue to make tonight’s show happen, today’s events have made…
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New Online Casino Site Instant Casino Partners with Italian Serie A Team Juventus FC
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The famous Italian football club Juventus has announced a partnership with Instant Casino, an online cryptocurrency casino, which will be its new regional betting partner in Europe. The agreement is described as a big win for both Juventus fans and Instant Casino players, as it promises a wide range of…
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OKX Bows Out of Hong Kong, Withdraws VASP License Bid
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To comply with regulatory requirements, OKX said it will discontinue centralized cryptocurrency trading services for Hong Kong residents effective May 31, 2024. OKX attributed the decision to withdraw the Virtual Asset Service Provider (VASP) license application to “careful consideration” of its business strategy. However, the exchange did not provide further…
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1 Top Cryptocurrency Will Soar 116%, According to Standard Chartered. Is It a Buy?
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This is what analysts from one of the major British banks say Ethereum (Crypto: ETH) It should double between now and the end of 2024. Is this prediction reasonable? Standard Chartered’s bullish analysis for Ethereum Jeff Kendrick, Head of Emerging Markets Cryptocurrency and Forex Research at Standard Chartered (OTC: SCBF.F)suspended…
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Japan’s Kanda: Excessive FX moves undesirable. Ready to take action if needed
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Kanda, Japan’s chief currency diplomat, says: Excessive forex movements are undesirable, so need to be monitored. He told the G7 that they must respond appropriately to excessive erratic foreign exchange movements. Japan is ready to take appropriate action in the event of excessive movements in the foreign exchange market I…
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Solana Vs. XRP ETF: Expert Predicts Which One Will Be Approved First
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Recent developments with Ethereum ETFs It led to discussions about which crypto token could have its own ETF next. Solana (SOL) and XRP ETFs has taken center stage, with experts debating which one will come first. Experts say the Solana ETF is next Brian Kelly, founder of digital asset investment…
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Solana Vs. XRP ETF: Expert Predicts Which One Will Be Approved First
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Recent developments with Ethereum ETFs It led to discussions about which crypto token could have its own ETF next. Solana (SOL) and XRP ETFs has taken center stage, with experts debating which one will come first. Experts say the Solana ETF is next Brian Kelly, founder of digital asset investment…
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Retailers on one side and Nvidia on the other – Earnings Scorecard
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Half the spotlight this week was shared with retailers on one side, and then there was Nvidia (NVDA), the market driver, on the other. Let’s quickly recap some of the important findings reported this week in the aftermath First quarter earnings season. Fifteen companies included in the Standard & Poor’s…
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Elon Musk plans xAI supercomputer, The Information reports By Reuters
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(Reuters) – U.S. entrepreneur Elon Musk recently told investors that his artificial intelligence startup xAI plans to build a supercomputer to run the next version of its chatbot Grok, The Information newspaper reported on Saturday, citing an investor presentation. Musk said he wants the proposed supercomputer up and running by…
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The New Wave Of Bitcoin L2s Are Sidechains
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I heard a lot of people saying that no one can define L2 in Bitcoin Asia. The problem is that we have a definition, and most people want to ignore it. Marketing, uh. “Bitcoin L2s” are the hottest thing on the street. People are using a bunch of terms to…
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AI displacing 50% of jobs by 2027 is ‘uncannily accurate’: Kai-Fu Lee
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Years before OpenAI’s ChatGPT showed the world what generative AI technology could do, venture capitalist Kai-Fu Lee saw the enormous potential of AI in the business market. The Chairman and CEO of Sinovation Ventures predicted in 2017 that AI will be greater than all of humanity’s previous technological revolutions combined,…
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Hong Kong Eyes Ether ETF Staking to Outpace US
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Hong Kong is considering allowing exchange-traded funds (ETFs) to invest directly in ether. Hong Kong’s Securities and Futures Commission (SFC) is engaging the city’s cryptocurrency ETF issuers on offering staking services through licensed platforms, the Business Times reported. Passive encoder input This potential regulatory change could open up a new…
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Bitcoin Spot ETF Records Consecutive Weeks Of Inflows As Investor Confidence Grows
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Exchange-traded funds (ETFs) have become the talk of the town – and rightly so – after the US Securities and Exchange Commission (SEC) approved the listing of investment products during the week. Meanwhile, the spot Bitcoin ETF market continued its recovery on the one hand, which was marked by the…
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Bitcoin Spot ETF Records Consecutive Weeks Of Inflows As Investor Confidence Grows
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Exchange-traded funds (ETFs) have become the talk of the town – and rightly so – after the US Securities and Exchange Commission (SEC) approved the listing of investment products during the week. Meanwhile, the spot Bitcoin ETF market continued its recovery on the one hand, which was marked by the…
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Kenyans ditch WhatsApp after crackdown on clone apps
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Thousands of Kenyans have stopped using popular instant messaging app WhatsApp following a crackdown on cloned apps, allowing Facebook to be the most used social media platform in the three months to March. Latest data from the Communications Authority of Kenya (CA) reveals that WhatsApp usage fell by 0.3 percent…
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Crude oil futures trade to new session highs
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Crude oil futures are trading between the 100 and 200 week moving averages Crude oil futures are trading up about $1 on the day at $77.85 (up 1.25%). Today’s low extended to $76.18. This was the lowest level dating back to February 26th. This week, the price is currently down…