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Daily Broad Market Recap – November 4, 2024
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Traders remained mostly on the sidelines on Monday, as traders priced in uncertainty over the US election and high-profile calendar events this week. However, crude oil got a small boost from OPEC+ delaying the plan to increase production, while Bitcoin, stocks and the US dollar unraveled some of the “Trump…
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No Comeback: Binance Founder CZ Says He’s Not Returning To The Exchange
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Binance founder Changpeng Zhao, or “CZ,” is back in the spotlight after spending four months in prison. One of Zhao’s first public appearances was at the Binance Blockchain Week conference, where he discussed his experience, future plans, and current relationship with the exchange he founded. In the podcastChow shared his…
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How banks are taking CBK loans to invest in Treasury bills
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Commercial banks borrowed from the Central Bank of Kenya’s emergency discount window to finance purchases of government securities as they saw a profit opportunity from the lower interest rate on the facilities compared to treasury bonds. The discount window was supposed to be used to provide temporary liquidity to banks…
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Analyst Predicts Bitcoin Bull Run: MVRV Metric Hints At $95K To $120K Target
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Bitcoin’s price action has sparked renewed interest among analysts and investors as the cryptocurrency approaches a major event (the US elections) later in November. A CryptoQuant analyst known as CoinLupin recently submitted a report analysis On the CryptoQuant QuickTake platform, focusing on Bitcoin’s market capitalization to realized value ratio (MVRV),…
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Analyst Predicts Bitcoin Bull Run: MVRV Metric Hints At $95K To $120K Target
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Bitcoin’s price action has sparked renewed interest among analysts and investors as the cryptocurrency approaches a major event (the US elections) later in November. A CryptoQuant analyst known as CoinLupin recently submitted a report analysis On the CryptoQuant QuickTake platform, focusing on Bitcoin’s market capitalization to realized value ratio (MVRV),…
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Unite union threatens legal action over cuts to pensioners’ winter fuel payments
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The union Unite has issued a stark warning to the UK Government over its controversial decision to cut winter fuel payments for millions of pensioners, threatening to pursue a judicial review if the policy is not reversed. The policy, initially announced in July and confirmed in the latest Budget, aims…
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Largest European Telecom Begins Bitcoin Mining
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Deutsche Telekom, Europe’s largest telecommunications provider, has announced a pilot project to power Bitcoin mining infrastructure using surplus renewable energy. This initiative is a collaboration between Deutsche Telekom’s MMS and Bankhaus Metzler, with the aim of making use of excess electricity that may remain unused due to network constraints or…
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Largest European Telecom Begins Bitcoin Mining
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Deutsche Telekom, Europe’s largest telecommunications provider, has announced a pilot project to power Bitcoin mining infrastructure using surplus renewable energy. This initiative is a collaboration between Deutsche Telekom’s MMS and Bankhaus Metzler, with the aim of making use of excess electricity that may remain unused due to network constraints or…
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A courtroom of relief: Feds recover funds for victims of scammed banker
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Breadcrumb links PMN BMN Business Article writer: Associated Press Martha Mendoza Published on November 04, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content WICHITA, Kan. (AP) — Sighs of relief erupted in a…
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Q2 Bitcoin Mining Costs Spike To Nearly $50K
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They say journalists never stop working. But for Christian, this is not just a metaphor, it is a way of life. By day, he navigates the ever-changing tides of the cryptocurrency market, using words like a seasoned editor and crafting articles that decode jargon for the masses. When a computer…
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Metro to serve Jerusalem population of 1.8m by 2050
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What will Jerusalem look like in 2050? According to plans submitted to a special hearing for Jerusalem District Planning and Construction, there will be a metro (underground railway) operating in the city, 220,000 new homes will be built and the population of the metropolitan area will double to 5 million.…
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Metro to serve Jerusalem population of 1.8m by 2050
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What will Jerusalem look like in 2050? According to plans submitted to a special hearing for Jerusalem District Planning and Construction, there will be a metro (underground railway) operating in the city, 220,000 new homes will be built and the population of the metropolitan area will double to 5 million.…
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Analyst Says Dogecoin Price Has Formed ‘Perfect Market Structure,’ Here’s What Comes Next
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Analyst Viaquant said Dogecoin’s price formed a “perfect market structure.” This is bullish for Above all is a meme coin The analyst also revealed that DOGE appears ready to enter a parabolic phase. What’s next for Dogecoin price after “perfect market structure” Viaquant revealed in a post on TradingView that…
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Analyst Says Dogecoin Price Has Formed ‘Perfect Market Structure,’ Here’s What Comes Next
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Analyst Viaquant said Dogecoin’s price formed a “perfect market structure.” This is bullish for Above all is a meme coin The analyst also revealed that DOGE appears ready to enter a parabolic phase. What’s next for Dogecoin price after “perfect market structure” Viaquant revealed in a post on TradingView that…
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Nursing Home Operator PACS Sinks After Hindenburg Short Report
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(Bloomberg) — Shares of nursing home operator PACS Group Inc. fell. by 28% on Monday after Hindenburg Research released a short report alleging that the company was – among other things – “systematically defrauding taxpayers.” Most read from Bloomberg The decline halted volatility in the health care company’s stock, and…
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The US Should Establish A Strategic Bitcoin Reserve
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this morning, Bitcoin Policy Institute (BPI) Issued in 53 pages a report About the pros of the United States creating a Strategic Bitcoin Reserve (SBR). In July, @CynthiaMLummis He announced the Bitcoin Act, the first bill in the US Congress to propose a strategy #Bitcoin Reserve. In our most comprehensive…
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The US Should Establish A Strategic Bitcoin Reserve
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this morning, Bitcoin Policy Institute (BPI) Issued in 53 pages a report About the pros of the United States creating a Strategic Bitcoin Reserve (SBR). In July, @CynthiaMLummis He announced the Bitcoin Act, the first bill in the US Congress to propose a strategy #Bitcoin Reserve. In our most comprehensive…
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Trump trade unwinds after Selzer Iowa poll has Harris ahead
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One of the country’s top pollsters just sounded a big red flag at the Trump campaign. On Saturday, J. Ann Selzer, an Iowa pollster celebrated for her accuracy, released her final poll before Election Day, which showed Vice President Kamala Harris leading former President Donald Trump 47% to 44% in…
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Trump-Themed Memecoins Rally 30% Ahead Of US Elections
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This article is also available in Spanish. Just hours away from the US presidential election, PolitiFi tokens have seen a noticeable boost. The sector has seen a roughly 10% surge in the past 24 hours, with Trump-themed meme coins leading the way. After the recent performance, some investors are anticipating…
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Trump-Themed Memecoins Rally 30% Ahead Of US Elections
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This article is also available in Spanish. Just hours away from the US presidential election, PolitiFi tokens have seen a noticeable boost. The sector has seen a roughly 10% surge in the past 24 hours, with Trump-themed meme coins leading the way. After the recent performance, some investors are anticipating…