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Dollar selling “looks exaggerated” – HSBC By Investing.com
Investing.com – The US dollar is on track for a big weekly decline amid renewed dovish hopes for the Federal Reserve, but this sell-off “appears overdone,” according to HSBC. At 05:25 EDT (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was trading…
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LINK Explodes 18% Daily, BTC Maintains $66K as Bitcoin ETF Inflows Continue (Market Watch)
Bitcoin reached a multi-week high yesterday at around $66,600 before being pushed down by around $1,000 but has recovered to the $66,000 level so far. Several altcoins continued their recent rally, with LINK taking the main stage after a massive 18% rally. BTC returns to $66,000 The underlying cryptocurrency had…
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LINK Explodes 18% Daily, BTC Maintains $66K as Bitcoin ETF Inflows Continue (Market Watch)
Bitcoin reached a multi-week high yesterday at around $66,600 before being pushed down by around $1,000 but has recovered to the $66,000 level so far. Several altcoins continued their recent rally, with LINK taking the main stage after a massive 18% rally. BTC returns to $66,000 The underlying cryptocurrency had…
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Aurora Mobile, Zeekr enter strategic partnership
metamorworks/iStock via Getty Images Aurora Mobile (Nasdaq: GGIt said it has entered into a strategic partnership with Chinese electric vehicle manufacturer Zeekr Intelligent Technology Holding (New York Stock Exchange: ZK) To intelligently monitor the vehicle and deliver vehicle status information in time. Through the alliance, Aurora Mobile Zeekr will help…
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Fed minutes the big one to watch on the economic calendar next week
And on days when we don’t get any big data, it can be a bit slow and uninspiring. So far today, we are at least seeing the dollar making a nice push higher. This has been helped by Treasury yields maintaining a bounce at a key technical juncture as noted…
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Bitcoin ETFs Record Third Day Of Inflows, Price Tops $66,000
In another great day for cryptocurrency investments, US-based bitcoin exchange-traded funds (ETFs) saw a significant inflow of capital, totaling $257.3 million on Thursday. This large influx marks the third consecutive day of large-scale investments in these funds, indicating strong interest and returns among both institutional and retail investors in Bitcoin.…
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Here’s what Citi, Piper Sandler analysts expect to see By Investing.com
Nvidia (NASDAQ:) is scheduled to report its fiscal first-quarter 2025 earnings after the closing bell on Wednesday, May 22. Investors will primarily focus on growth trends in Nvidia’s data center segment and any updates to the recently announced Blackwell platform. Wall Street analysts expect Nvidia’s revenue to reach $24.65 billion…
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Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto
Moments ago, the Senate passed HJRes legislation. 109 would repeal the SEC’s Staff Accounting Bulletin (SAB) No. 121, preventing highly regulated financial companies from sponsoring Bitcoin and other cryptocurrencies. The legislation passed by a vote of 60 to 38, showing bipartisan support for the measure. BREAKING: ?? Legislation that would…
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KRA to miss target by Sh300bn despite new tax measures
The Kenya Revenue Authority (KRA) has recorded its highest deficit in tax collection from employees despite the introduction of two new tax bands targeting top earners, even as the Treasury expects the tax collector to miss this year’s targets by about Sh300 billion. A quarterly report published by the National…
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XM Eyes Opportunities at FMAS:24 – Interview with Marios Christodoulou
Finance Magnates spoke with Marios Christodoulou, Business Development Officer at XM for his deep understanding and insight on Africa and the company’s goals in the region ahead of FMAS:24. Are you excited about FMAS:24 and how do you feel your company can directly benefit from attending an event like this…
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Is Dogecoin About to Take Off? Indicators Suggest Upward Momentum Ahead
Dogecoin corrected gains and tested the $0.150 area against the US dollar. DOGE is now forming a base and may start a new increase above $0.1520. DOGE price jumped towards $0.160 before correcting gains. The price is trading above the $0.150 level and the 100 hourly simple moving average. There…
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Relief for Homeowners as Major Lenders Reduce Mortgage Rates
Three major lenders, Barclays, HSBC and TSB, have announced mortgage interest rate cuts on more than 100 deals, providing welcome relief to borrowers who have faced rising interest rates in recent weeks. Barclays will implement major cuts on Friday, cutting fixed interest rates on buy-and-remortgage deals by up to 0.45…
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ING anticipates EUR/GBP rise as BoE rate cut bets increase By Investing.com
Broker ING flagged potential downside risks for the British pound, noting the currency’s recent decline from its peak against the euro. The sensitivity of the pound to the performance of US stocks has been highlighted as a contributing factor to its movement. The company also noted a decline in the…
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Senate approves reversal of SEC crypto custody bulletin
The US Senate has passed a measure to repeal the Securities and Exchange Commission’s (SEC) circular on cryptocurrency custody standards, and now awaits an expected veto from President Joe Biden. Senate vote Voting ended on Thursday with a majority of 60 votes to 38, which is less than the two-thirds…
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Senate approves reversal of SEC crypto custody bulletin
The US Senate has passed a measure to repeal the Securities and Exchange Commission’s (SEC) circular on cryptocurrency custody standards, and now awaits an expected veto from President Joe Biden. Senate vote Voting ended on Thursday with a majority of 60 votes to 38, which is less than the two-thirds…
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Daily Broad Market Recap – May 16, 2024
While the US dollar was able to establish some direction for the better part of the day, the price action was a complete mess relative to the rest of the asset classes. Treasury yields were off to a rocky start before rising steadily while Bitcoin rose and then reversed. The…
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Internet Computer Protocol (ICP) Unveils New Roadmap for Decentralized AI and Chain Interoperability
The Internet Computer Protocol (ICP) for the decentralized blockchain network has released a new roadmap for driving decentralized artificial intelligence (DeAI) and blockchain integration into the web3 space. According to an official statement sent to CryptoPotatoICP unveils its fourth-year Internet Computer Roadmap to celebrate the third anniversary of the launch…