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Ethereum ETF update: Speaking at Bloomberg Invest, CFTC chair Gary Gensler says application is ‘going smoothly’
Securities and Exchange Commission Chairman Gary Gensler belied his impatience when answering reporters’ questions about cryptocurrencies, including his agency’s handling of applications to launch Ethereum ETFs. Speaking with journalist Anne-Marie Hordern at a Bloomberg Invest event in New York on Tuesday, Gensler accused his interviewer of chasing “clicks” after she…
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BNP Paribas on what’s priced into FX markets with upcoming French elections
Indicators suggest that valuations and positioning are not at extended levels. EURUSD valuations are far from over the top in a downward move. Reinforces conviction to challenge the risk reward of maintaining short exposure to the euro. Elections exacerbate the scope of the downside. Positions are not close to extreme…
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Bitcoin Price Reaches Rejection Zone: Can It Overcome the Resistance?
Bitcoin price has recovered above the $62,000 resistance area. BTC must clear the $62,500 resistance area to continue higher in the near term. Bitcoin started a recovery wave above the $61,500 and $62,000 levels. The price is trading below the $63,000 level and the 100 hourly simple moving average. There…
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The duo shock Kenyan businesswomen face
Our beloved Kenya has witnessed a sudden shift in societal consciousness over the past week. In the midst of new anti-tax protests in Kenya, we as business academics must begin to analyze the potential impacts on businesses and the economy as a whole. In other countries, small business owners, especially…
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Americans seek out cooler destinations for July 4 travel as temperatures sizzle By Reuters
Written by Shivansh Tiwari (Reuters) – High temperature warnings made Americans rethink their Fourth of July travel plans and sparked a rush to cooler places for the holidays, data from Booking.com (NASDAQ:.com) showed. Coastal destinations and those offering water activities emerged as top choices with a third of Americans looking…
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Solana Revolutionizes Web3 Accessibility With Groundbreaking “Actions” And “Blinks”
The blockchain industry has long faced the challenge of making decentralized applications (dApps) and cryptocurrency transactions accessible to ordinary users. Solana, a high-performance blockchain network, recently unveiled a game-changing solution to this problem – introducing SOL Actions and Blinks. These innovative tools aim to transform any website or application into…
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Solana Revolutionizes Web3 Accessibility With Groundbreaking “Actions” And “Blinks”
The blockchain industry has long faced the challenge of making decentralized applications (dApps) and cryptocurrency transactions accessible to ordinary users. Solana, a high-performance blockchain network, recently unveiled a game-changing solution to this problem – introducing SOL Actions and Blinks. These innovative tools aim to transform any website or application into…
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A ‘Badge of Shame’ for the Stock Exchange, Says Amnesty International
Global high street fashion company SHEIN has reportedly submitted documents to the UK market regulator, indicating an imminent flotation on the London Stock Exchange. The move sparked intense criticism from Amnesty International, which highlighted questionable labor and human rights standards at the company. Sheen, known for its low-cost production, has…
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Asia FX sees some relief as dollar cools; yen firms amid intervention talk By Investing.com
Investing.com — Most Asian currencies rose slightly on Tuesday as the recent rally in the dollar slowed, with the Japanese yen gaining some strength amid speculation about government intervention and interest rate hikes by the Bank of Japan. But sentiment towards Asian markets remained fragile due to the possibility of…
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Florida lawmaker pitches ‘Bitcoin for Taxes’ bill
A Florida lawmaker has introduced a bill that would give the green light to Bitcoin as an approved payment method for federal taxes. On Tuesday, Republican Representative Matt Gaetz proposed a bill that would allow US citizens to settle their federal income tax liabilities using Bitcoin (BTC). Gates said that…
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Florida lawmaker pitches ‘Bitcoin for Taxes’ bill
A Florida lawmaker has introduced a bill that would give the green light to Bitcoin as an approved payment method for federal taxes. On Tuesday, Republican Representative Matt Gaetz proposed a bill that would allow US citizens to settle their federal income tax liabilities using Bitcoin (BTC). Gates said that…
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Christina Lake Cannabis Announces Filing of Q1 Financial Statements
Article content VANCOUVER, British Columbia, June 25, 2024 (GLOBE NEWSWIRE) — Christina Lake Cannabis Company (“CLC” or the “Company”) (CSE: CLC) is pleased to confirm this in addition to its dated news releases. April 3, 2024, April 17, 2024, May 1, 2024, May 15, 2024, May 29, 2024, June 3,…
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Canada’s CPI Accelerated to 2.9% in May, Lowering Odds for July BOC Cut
Canada’s inflation numbers beat market estimates, with headline inflation accelerating from 2.7% year-on-year to 2.9% in May versus consensus for a decline to 2.6%. On a monthly basis, headline CPI rose from 0.5% to 0.6% instead of falling to the estimated 0.3% while core CPI rose from 0.2% to 0.6%.…
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The Two Reasons Bitcoin’s Price Is Taking A Beating: Bitwise
The price of Bitcoin saw a sharp decline early this week, resulting in more than $300 million being liquidated into the cryptocurrency market in a single day. Why the sudden fluctuation? Gayatri Chaudhary, quantitative research analyst at Bitwise, says there are two main drivers of the sell-off — neither of…
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SolarEdge slumps further on plans to raise $300m bond
Israeli Solar Energy Company SolarEdge technologies (Nasdaq: SEDG) has lost more than 90% of its value since November 2021, when it had a market cap of more than $20 billion and was Israel’s most valuable company on Wall Street. The company’s share price fell another 16% at the open of…
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RBA’s Kent says recent data reinforce need to be vigilant to upside inflation risks
High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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This Bitcoin Bullish Pattern Signals Rebound To $70,000 In Coming Days – Analyst
Amidst the general pessimism currently surrounding the cryptocurrency and Bitcoin space, renowned cryptocurrency analyst and trader Dr. Proffitt has made a bold prediction that the cryptocurrency asset will rebound to the crucial $70,000 level in the coming days. Dr. Proffitt’s analysis, which has sparked optimism within the cryptocurrency community, is…
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Judge partially lifts Trump hush money gag order By Reuters
Written by Luke Cohen NEW YORK (Reuters) – A New York judge partially lifted a gag order on Donald Trump on Tuesday after the Republican presidential nominee was found guilty of criminal charges related to an attempt to influence the 2016 election by buying a porn star’s silence. The amended…
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Judge partially lifts Trump hush money gag order By Reuters
Written by Luke Cohen NEW YORK (Reuters) – A New York judge partially lifted a gag order on Donald Trump on Tuesday after the Republican presidential nominee was found guilty of criminal charges related to an attempt to influence the 2016 election by buying a porn star’s silence. The amended…
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PetroChina to pay $14.5 million fine for US export violations, DOJ says By Reuters
WASHINGTON (Reuters) – PetroChina International America, a unit of PetroChina, has agreed to pay a fine and forfeiture totaling $14.5 million for violating U.S. export law, the U.S. Justice Department said on Tuesday. The US Attorney’s Office for the Southern District of Texas said in a press release that authorities…