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Bhutan Govt Sells $66 Million In Bitcoin On Binance: Arkham
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The Royal Government of Bhutan has transferred approximately 929 bitcoins (BTC), worth approximately $66.16 million, to cryptocurrency exchange Binance. Lookonchain data service first I mentioned Transaction via X. The transfers took place in two tranches: an initial 100 BTC (about $7.1 million) at 9:09 AM UTC, followed by an additional…
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Doubts grow over release of long-awaited HBOS scandal report as Lloyds resists full disclosure
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An independent review into whether Lloyds Banking Group concealed a £1bn fraud linked to HBOS may not be fully disclosed, sparking accusations that the bank “cannot face the truth”. The review, led by Dame Linda Dobbs, examines Lloyd’s response to a fraud scandal at the Reading branch of HBOS. The…
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Australia’s Q3 CPI Cools, but Sticky High Components May Keep RBA Hawkish
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Data from the Australian Bureau of Statistics (ABS) showed consumer price increases slowing from 1.0% to 0.2% in the third quarter of 2024 versus market expectations for a reading of 0.3%. On an annual basis, The CPI for the third quarter fell from 3.8% to 2.8%, above the middle of…
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Ethereum Price Lags While Bitcoin Moves Toward New ATH
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This article is also available in Spanish. Ethereum price started a new increase above the $2,580 resistance level. ETH is still a long way from a new all-time high while Bitcoin is approaching ATH. Ethereum started a good increase above the $2,620 area. The price is trading above the $2,580…
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Ethereum Price Lags While Bitcoin Moves Toward New ATH
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This article is also available in Spanish. Ethereum price started a new increase above the $2,580 resistance level. ETH is still a long way from a new all-time high while Bitcoin is approaching ATH. Ethereum started a good increase above the $2,620 area. The price is trading above the $2,580…
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Australia’s Elevated Inflation Backs Tight RBA Policy Stance
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Breadcrumb links BMN Business Core inflation in Australia remained high in the latest quarter, reinforcing the Reserve Bank’s view that price pressures will take time to dissipate and that monetary policy should remain restrained for the time being. Article writer: Bloomberg News Swati Pandey Posted on October 29, 2024 •…
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Daily Broad Market Recap – October 29, 2024
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Market correlations appear to be out of sync in recent trading sessions, as crude oil had its own path while US stocks reacted to earnings data. Gold advanced more than 1% on the day while BTC/USD rose to all-time highs at the $73,000 levels. What economic headlines and updates drive…
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A New Battle Brews Over Digital Euro Control
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Digital transformation is the way forward, and the European Central Bank has found the key: a digital euro. In development since 2021, the planned digital euro will help accelerate the region’s shift toward more secure and convenient online payments. As with cash, the ECB envisions its digital currency as widely…
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Check Point plunges on Q3 results
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Israeli cybersecurity company Check Point Software Technologies Limited (Nasdaq: CHKP) The stock price fell more than 14% on Wall Street after the company published its third-quarter financial results today. Despite meeting analyst consensus in the last full quarter led by co-founder and CEO Gil Schwed, investors are concerned about the…
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Musk’s Trump Rally Revelation Sparks 15% Dogecoin Spike
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This article is also available in Spanish. Investors were excited as Dogecoin saw a huge price surge making it the best-performing cryptocurrency in the past 24 hours following a massive campaign rally for presidential candidate Donald Trump. The price of Dogecoin surged after it was revealed that the Tesla CEO…
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Musk’s Trump Rally Revelation Sparks 15% Dogecoin Spike
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This article is also available in Spanish. Investors were excited as Dogecoin saw a huge price surge making it the best-performing cryptocurrency in the past 24 hours following a massive campaign rally for presidential candidate Donald Trump. The price of Dogecoin surged after it was revealed that the Tesla CEO…
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Jeff Bezos doubles down on unprecedented block of a presidential endorsement from ‘The Washington Post’ but admits ‘I am not an ideal owner’
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Amazon founder Jeff Bezos may not allow it The Washington Post To run her traditional endorsement of a presidential candidate, but he’s willing to write it and run it Editorial Justifying his move, Jeff Bezos insists that it is all in the name of keeping the media unbiased. last friday,…
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SeriousLee? 1inch Unveils Bruce Lee Collab, Aiming For Knockout Crypto Adoption
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Welcome to an exciting new blockchain collaboration unlike anything else expected. Leading distributed exchange aggregator 1inch has teamed up with Bruce Lee’s family to begin its efforts to sell and popularize Bitcoin and cryptocurrency acceptance under the banner “Take crypto SeriousLee.” The collaboration, which was announced through its official blog,…
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Investment focus drives Rachel Reeves’ strategy to revitalise UK economy
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The UK economy has been mired in low growth rates for years, a problem that has worsened since the 2008 global financial crisis. Despite some short-lived recoveries, average annual growth has remained persistently weak, leading to stagnant living standards. A stark indicator of this trend is that real wages in…
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Bitcoin Price Breaks Out Of 7-Month Descending Broadening Wedge Pattern For Continuation Above $70,000
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This article is also available in Spanish. Recent market flows and dynamics Bitcoin price saw a breakout from the 7-month Expanding Descending Wedge pattern. According to cryptocurrency analyst, Geert van Lagen, last week’s Bitcoin breakout could signal the beginning of a key phase for prices to continue as the market…
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Ex-Goldman Banker Turned PE Billionaire Takes On Korea’s Chaebol
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Breadcrumb links BMN Business In his 2020 bestseller, the lead character of billionaire dealmaker Michael Byung-Ju Kim is a young banker who finds himself entangled in the dealings of South Korea’s richest families. Article writer: Bloomberg News Heesu Lee and Felipe Pacheco Posted on October 29, 2024 • 5 minute…
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Ethereum Co-Founder Buterin Introduces ‘The Splurge’ Upgrade
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Ethereum co-founder Vitalik Buterin has unveiled “The Splurge,” a comprehensive set of protocol upgrades aimed at addressing a variety of challenges within the Ethereum ecosystem. In his latest work Blog post Titled “Potential Futures for the Ethereum Protocol, Part VI: Splurge,” Buterin delves into the technical complexities of upcoming improvements…
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Ethereum Co-Founder Buterin Introduces ‘The Splurge’ Upgrade
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Ethereum co-founder Vitalik Buterin has unveiled “The Splurge,” a comprehensive set of protocol upgrades aimed at addressing a variety of challenges within the Ethereum ecosystem. In his latest work Blog post Titled “Potential Futures for the Ethereum Protocol, Part VI: Splurge,” Buterin delves into the technical complexities of upcoming improvements…
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Exclusive: Payments platform Melio raises $150m
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Exclusive: Israeli payments platform better Globes has learned that the company has raised $150 million in a financing round led by US strategic investor Fiserv. The funding round marks a rebound for Melio, which last raised money in 2021 at a company valuation of $4 billion, but has since seen…
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Bitcoin Bears Fear A Short Squeeze Above $71,000 As Open Interest Rises To $22.6B
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This article is also available in Spanish. Bitcoin stands on the verge of a historic move as it heads towards all-time highs, rising above the $71,000 mark just yesterday. The breakout has sparked optimism among analysts, who expect further rises in the coming weeks as the US election approaches –…