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Bitcoin down 10% since end of July 29, DOW also slips
Bitcoin showed its correlation with traditional markets on August 1, as the cryptocurrency fell alongside stocks and market indices. Bitcoin (BTC) has fallen more than 10% since July 29, when the cryptocurrency surged toward $70,000 and hit a two-month high after Donald Trump’s remarks in Nashville. As of this writing,…
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CMA clears three more firms to trade at Nairobi coffee auction
The Capital Markets Authority has granted full coffee brokerage licenses to three companies, allowing them to trade on the Nairobi Coffee Exchange (NCE). The regulator also granted a six-month extension to a special licence allowing New Kenya Planters Co-operative Union Plc (NKPCU) to trade as a coffee broker. The special…
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Commerzbank hint at the potential for more Japanese intervention to support the yen
Justin gives us the latest from the Bank of Japan: And through an excerpt from Commerzbank, analysts there also see the Bank of Japan adopting a stance that favors further interest rate hikes, thus supporting the yen: The Bank of Japan does not expect its policy path to significantly reduce…
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Commerzbank hint at the potential for more Japanese intervention to support the yen
Justin gives us the latest from the Bank of Japan: And through an excerpt from Commerzbank, analysts there also see the Bank of Japan adopting a stance that favors further interest rate hikes, thus supporting the yen: The Bank of Japan does not expect its policy path to significantly reduce…
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XRP Beats Out Bitcoin, Ethereum, And Dogecoin In July, What Happened?
July was a month of intense competition, with leading coins like Bitcoin, Ethereum, XRP, and Dogecoin vying for dominance. Amidst this struggle, an unexpected victor emerged, as the price of XRP managed to outperform its beloved peers to become the best performer among the top 10 cryptocurrencies by market cap.…
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Prince’s Trust warns of ‘digital skills crisis’ as over third of young people lack confidence in securing tech jobs
The Prince’s Trust, in collaboration with Solutions Research and supported by Cognizant, has released a new report highlighting the growing ‘digital skills crisis’ among young people in the UK. According to the findings, more than a third of young people (37%) are concerned that they lack the digital skills needed…
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Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs By Reuters
(Reuters) – Bleach maker Clorox Co forecast annual profit to beat estimates after beating fourth-quarter earnings on Thursday, helped by back-to-back price increases in home care products and reduced input costs that improved margins. Demand for the company’s cleaning products such as floor cleaners and disinfectant sprays improved as consumers…
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Occupy Bitcoin: Bitcoin Is Not Just Libertarian
Bitcoin has seen tremendous growth in the past 15 years since its inception, and this has been accompanied by many massive shifts in the culture of the overall ecosystem, as well as the smaller individual communities that make it up. This is clearly to be expected as the network has…
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Occupy Bitcoin: Bitcoin Is Not Just Libertarian
Bitcoin has seen tremendous growth in the past 15 years since its inception, and this has been accompanied by many massive shifts in the culture of the overall ecosystem, as well as the smaller individual communities that make it up. This is clearly to be expected as the network has…
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RBC, Deutsche Bank plan US$4.5-billion debt sale for R1 RCM
Article Content Deutsche Bank and Royal Bank of Canada are preparing to issue a $4.5 billion debt package to help finance Towerbrook Capital and Clutton Dubilier & Rice’s planned purchase of R1 RCM Inc., according to people familiar with the matter. The financing could include a leveraged loan of up…
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USD/CAD closes in on the top of the multi-year range
The old saying goes that if the United States catches a cold, Canada catches the flu. The market is certainly sending warning signals about the US economy with yields falling, but the USD/CAD pair has yet to make a decisive move. But that moment may not be far away as…
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New Memecoin Sensation Neiro Hits $200M Market Cap In 4 Days
A new coin named after a dog is making waves in the cryptocurrency market. Inspired by Kapuso’s new owner’s dog, Nero, a new wave of Shiba Inu coins has emerged on Solana. However, its Ethereum-based competitor has stolen the show with its impressive performance over the past four days. Kapuso’s…
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New Memecoin Sensation Neiro Hits $200M Market Cap In 4 Days
A new coin named after a dog is making waves in the cryptocurrency market. Inspired by Kapuso’s new owner’s dog, Nero, a new wave of Shiba Inu coins has emerged on Solana. However, its Ethereum-based competitor has stolen the show with its impressive performance over the past four days. Kapuso’s…
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Sderot to have own innovation center
The center, adjacent to the Sderot train station, is planned to include a technology incubator. An innovation center will be built next to the railway station in Sderot in southern Israel. Construction of the first part of the center will begin soon – four years after the foundation stone was…
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Why the crypto community still worries about the Mt. Gox collapse
Ten years after its collapse, cryptocurrency exchange Mt. Gox has finally started paying off its creditors. What’s behind this decade-long process? Let’s take a deep dive into the timeline of events associated with the fall of one of the largest cryptocurrency exchanges at one point. Mount Gox appears Mt. Gox’s…
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Bunzl Accelerates Sustainability with Electric Vehicles By Investing.com
BURLINGTON, Ontario, Aug. 1, 2024 (GLOBE NEWSWIRE) — Bunzl Canada (bunzlcanada.ca) today announced the company’s first electric-powered haulage truck for Bunzl Cleaning and Janitorial’s Toronto delivery routes. The vehicle will not only reduce greenhouse gas emissions, but also reduce engine noise. The new delivery truck is designed and manufactured by…
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Asia FX firms on rate cut bets, yen at 5-mth high on hawkish BOJ By Investing.com
Most Asian currencies rose on Thursday as the dollar fell after the Federal Reserve signaled an interest rate cut was imminent, while the Japanese yen hit a five-month high amid hawkish signals from the Bank of Japan. But the Chinese yuan lagged its peers, as did the Australian dollar in…
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USDT Issuer Tether Reports Record Profits Of $5.2 Billion, Why This Is Good For Bitcoin
The largest issuer of stablecoins, TetherThe company recently announced record net profit for the first half of this year. This is undoubtedly a positive thing for the company. Bitcoinconsidering the company’s commitment to pooling the leading cryptocurrency with some of those profits. Tether posts $5.2 billion net profit Tether was…