Author: Investor Empires
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Cardano Breaks Past 200MA, Analyst ‘Insanely’ Bullish on ADA
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Cardano (ADA), the smart contract platform’s native token, has been a hot topic in cryptocurrency circles this week. The rise in prices and trading activity has led analysts like Sssebi to forecast a potential upside for ADA, citing key technical indicators and a shift in market sentiment. Related reading Breaking…
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Dollar keeps steadier on higher yields, cautious risk mood
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Bond yields rose after the UK CPI report was released earlier, helping to support the USD/JPY pair slightly. The pair rose by 0.2% to reach 156.47, as it continues to close at the highest level recorded last week at 156.78. This comes as 10-year Treasury yields rose by 2.9 basis…
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Crypto Exchange Rain Suffers Devastating $14.8M Exploit, Funds Swiftly Converted And Divided
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Bahrain-based cryptocurrency exchange Rain has fallen victim to a stunning $14.8 million exploit, as revealed by renowned blockchain investigator ZachXBT. This disturbing incident is a stark reminder of the ongoing security vulnerabilities that continue to plague the digital assets landscape. Anatomy of rain exchange exploitation Image courtesy: Rain exchange According…
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Will Tesla Stock (NASDAQ:TSLA) Tread Water Until the Robotaxi Unveiling?
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I’m pessimistic about Tesla (Nasdaq: Tesla), and I can’t help but think that Elon Musk’s announcement regarding Detecting a robotaxi On August 8 it is something of a distraction. So why is Musk distracting us? Well, car sales are slowing, margins are falling, and Tesla’s dominance in the EV sector…
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electric vehicle tariffs are a trap By Reuters
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Written by Joseph White and Christoph Stetz MUNICH (Reuters) – Stellantis (NYSE:) expects a big fight with Chinese rivals in the European electric vehicle market and expects serious consequences as a result, group CEO Carlos Tavares said on Wednesday. Tavares said tariffs on Chinese cars imported into Europe and the…
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Hong Kong’s privacy watchdog accuses Worldcoin of violating data laws
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Hong Kong’s privacy regulator found Worldcoin to be in violation of local privacy laws, and asked the Worldcoin Foundation to cease all operations in the region. Worldcoin, an iris biometric cryptocurrency startup co-founded by OpenAI CEO Sam Altman, has found itself embroiled in a controversy over data collection practices in…
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Hong Kong’s privacy watchdog accuses Worldcoin of violating data laws
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Hong Kong’s privacy regulator found Worldcoin to be in violation of local privacy laws, and asked the Worldcoin Foundation to cease all operations in the region. Worldcoin, an iris biometric cryptocurrency startup co-founded by OpenAI CEO Sam Altman, has found itself embroiled in a controversy over data collection practices in…
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European markets dip after UK inflation misses forecast (EUR:USD)
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Da-kook/E+ via Getty Images LONDON (UKX) -0.45% UK inflation fell to 2.3% in April, higher than market expectations of 2.1%. However, it is the lowest since July 2021. UK public sector net borrowing rose to £20.5 billion in April. Germany (DAX:IND) -0.20% France (CAC:IND) -0.43% Sweden’s unemployment rate rose to…
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Playtech Reports “Solid Trading Performance” in First Four Months of 2024
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London-listed Playtech plc (LSE: PTEC) has updated its trading for the first four months of 2024, reporting strong trading performance driven by “strong fundamental trends”. However, the company did not provide any specific numbers in the summary report published on Wednesday morning. Playtech’s B2B division is performing well Playtech’s B2B…
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Renewed Investor Interest Pushed Bitcoin (BTC) to its Highest Daily Close in 5 Weeks: Bitfinex
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Flows into the US Bitcoin exchange-traded fund (ETF) market have reversed after a period of outflows and minimal inflows. According to Bitfinex Alpha a reportThe new trend of heavy net flows into spot Bitcoin ETFs indicates renewed interest in the products and investors’ faith in the potential of the digital…
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Formula 1 wants Monaco to shell out more to host opulent Grand Prix
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Liberty Media Corp, which owns the Formula 1 racing business, is seeking additional funds from the Principality of Monaco as part of advanced talks to reach a new contract to extend the historic motor race beyond 2025. Monaco pays about $20 million annually to host the event, the lowest total…
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Asia FX subdued as Fed minutes approach; NZD surges on hawkish RBNZ By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Wednesday as the dollar held steady in anticipation of more signals on U.S. interest rates from the minutes of the Federal Reserve’s latest meeting. The New Zealand dollar was an exception, rising sharply after the Reserve Bank of New Zealand took a…
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Trump Adopts Bitcoin, ETH, XRP, Dogecoin, SHIB For Donations
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Former US President Donald J. Trump announced that his campaign will accept donations in Bitcoin and various cryptocurrencies, marking a milestone as the first major party presidential candidate to use this fundraising strategy. The announcement was made via an official campaign press release. The Trump campaign’s new fundraising initiative incorporates…
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Trump Adopts Bitcoin, ETH, XRP, Dogecoin, SHIB For Donations
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Former US President Donald J. Trump announced that his campaign will accept donations in Bitcoin and various cryptocurrencies, marking a milestone as the first major party presidential candidate to use this fundraising strategy. The announcement was made via an official campaign press release. The Trump campaign’s new fundraising initiative incorporates…
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State invests housing levy billions in Treasury bonds absorption
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The government is investing Sh20 billion raised from the affordable housing levy in treasury bills and bonds, indicating a low absorption rate of funds allocated to build cheaper homes for low- and middle-income families. Bonds are medium to long-term government securities and purchasing them indicates that the government is collecting…
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RBNZ Delivers a Hawkish Hold with Rate Hike Talks and Higher Inflation Projections
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As expected, the Reserve Bank of New Zealand The Reserve Bank of New Zealand (RBNZ) kept its policy rate at 5.50% for the eighth straight meeting in May. What traders did not expect was for the central bank to share this.”The committee discussed the possibility of increasing OCR at this…
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OP_CAT & Bitcoin Ossification With Blockstream’s Andrew Poelstra
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In a recent interview with Bitcoin Magazine, Shinobi sat down with Blockstream’s Andrew Poelstra to discuss colleague Rusty Russell’s ambitious proposal. Rusty plans to restore many abandoned features from Bitcoin code, a bold move that could significantly enhance the functionality and expressiveness of Bitcoin scripts. Understanding the new cost model…
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OP_CAT & Bitcoin Ossification With Blockstream’s Andrew Poelstra
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In a recent interview with Bitcoin Magazine, Shinobi sat down with Blockstream’s Andrew Poelstra to discuss colleague Rusty Russell’s ambitious proposal. Rusty plans to restore many abandoned features from Bitcoin code, a bold move that could significantly enhance the functionality and expressiveness of Bitcoin scripts. Understanding the new cost model…
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The UK CPI report today will be one of the more closely watched ones
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This is one of them, if not debatable the The report is key to settling this debate. Because the next UK CPI report for May will come just one day before the June monetary policy decision. So, what does the backend look like as we head towards the major release…