Category: Takes
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Binance Takes the Lead in 2024
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The cryptocurrency exchange market looks set to undergo a transformational shift in 2024, largely driven by a significant rise in institutional activity. according to Visions Major exchanges with which CryptoQuant participates on the QuickTake platform are seeing unprecedented growth in Bitcoin and USDT deposits. This trend highlights the growing confidence…
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Binance Takes the Lead in 2024
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The cryptocurrency exchange market looks set to undergo a transformational shift in 2024, largely driven by a significant rise in institutional activity. according to Visions Major exchanges with which CryptoQuant participates on the QuickTake platform are seeing unprecedented growth in Bitcoin and USDT deposits. This trend highlights the growing confidence…
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Crypto Fund Flows Hit $270M Weekly High: Ethereum Leads, Bitcoin Takes a Backseat
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Latest digital asset fund flows weekly a report CoinShares has provided valuable insights into the current state of cryptocurrency investing. The report reveals that digital asset investment products recorded inflows totaling $270 million last week, contributing to a record $37.3 billion in inflows for the year. Despite this overall positive…
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Russian central bank takes desperate stand to halt collapsing ruble and fierce inflation
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In an attempt to stave off severe inflation, the Russian Central Bank has suspended all foreign currency purchases for the remainder of the year, while actively selling the Chinese yuan, in the hope of supporting the ruble. The ruble – currently worth a fraction of a penny – hit lows…
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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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China Industrial Profits Extend Drop as Deflation Takes Toll
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(Bloomberg) — Profits at Chinese industrial companies fell faster in September than the previous month, as deflationary pressures sapped the strength of companies’ finances. Most read from Bloomberg Industrial profits last month at major Chinese companies fell 27.1% from a year earlier, after a 17.8% decline in August, the National…
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All It Takes Is $2,500 Invested in Each of These 3 High-Yield Dow Dividend Stocks to Help Generate Over $300 in Passive Income Per Year
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the Dow Jones Industrial Average (DJI: ^DJI) Contains 30 industry-leading ingredients that serve as representatives of the US economy. The index’s rich history has made it a favorite for investors looking for high-quality names that can help them generate dividend income. Over time, the composition of the Dow Jones has…
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Activist investor Starboard Value takes $1 billion stake in Pfizer, sources say By Reuters
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(Reuters) – Activist investor Starboard Value has taken a stake worth about $1 billion Pfizer (NYSE:) wants the US pharmaceutical giant to make changes to turn around its performance, sources familiar with the matter said on Sunday. Starboard also reached out to Ian Read, former CEO of Pfizer, and Frank…
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Bitcoin Magazine Introduces New Short Form Opinion Format: Takes
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Each author has his or her own voice. At Bitcoin Magazine, we have long been advocates for elevating the voices of the Bitcoin community. As the premier publisher of Bitcoin opinion content, we continually amplify different viewpoints from across the industry, whether those of key CEOs or humble bottlers. However,…
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Tetley tea owner takes legal action against striking workers over trespass claims
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Tata Consumer Products, owner of Tetley Tea, has initiated legal action against the striking factory workers, accusing them of trespassing during an ongoing dispute over wages. The company applied for an injunction for trespassing after workers entered Tetley’s Teesside production site in County Durham, breaching picketing rules and engaging in…
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Analysis-UniCredit’s Orcel takes aim at Europe’s banking borders with Commerzbank bet By Reuters
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By John O’Donnell FRANKFURT (Reuters) – For decades, Andrea Orcel has been the “rainmaker” to whom chief executives turned for advice on the big deals that reshaped the banking landscape. Now, as CEO of UniCredit, the Italian has set himself his biggest test yet — breaking Europe’s deep-rooted political resistance…
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Asda co-owner Mohsin Issa steps back as Lord Rose takes temporary charge
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Asda co-owner Mohsen Issa is stepping down from his role in the day-to-day running of the UK’s third-largest supermarket, despite the fact that a permanent chief executive has yet to be appointed. The move allows Issa to focus on his role as CEO of EG Group, which operates petrol stations…
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Bentley boss takes charge to steer Aston Martin through electric revolution
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Choosing between two of the world’s leading supercar brands might seem like an enviable dilemma, but for Adrian Hallmark, who made the switch from Bentley to Aston Martin Lagonda, the decision is fraught with peril. Hallmark, 61, becomes Aston Martin’s fourth chief executive in two years, taking the reins at…
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Implications for ASML as the Dutch government takes a tougher stance on China By Investing.com
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The Dutch government has reportedly imposed new restrictions on ASML’s (AS:) ability to maintain and supply spare parts for its advanced deep ultraviolet (DUV) equipment in China. However, analysts from JPMorgan and Wells Fargo suggest the impact on ASML’s overall earnings could be limited. The Dutch government is preparing to…
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Implications for ASML as the Dutch government takes a tougher stance on China By Investing.com
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The Dutch government has reportedly imposed new restrictions on ASML’s (AS:) ability to maintain and supply spare parts for its advanced deep ultraviolet (DUV) equipment in China. However, analysts from JPMorgan and Wells Fargo suggest the impact on ASML’s overall earnings could be limited. The Dutch government is preparing to…
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Ulta Beauty reports disappointing earnings after Warren Buffett’s Berkshire Hathaway takes stake
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Ulta Beauty’s (ULTA) glow-up period may have come to an end. The cosmetics retailer reported second-quarter results Thursday after the market closed that missed expectations across the board. Revenue came in at $2.55 billion, compared with an expected $2.62 billion. Earnings per share of $5.30 also fell short of the…
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Bitwise Takes Over ETC Group – Home To Europe’s Largest Bitcoin Fund
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In a strategic move to expand its presence in Europe and the broader crypto industry, asset management and exchange-traded fund (ETF) firm Bitwise Investment has struck a deal to acquire ETC Group, a major Cryptocurrency source Headquartered in London. Bitwise Doubles Down on Institutional Bitcoin Efforts While the specific terms…
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BlackRock Takes The Crypto ETF Throne, Surpasses Grayscale With The Largest Holdings
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According to the latest data, BlackRock, the world’s largest asset manager, has added another feather to its cap, becoming the company with the largest holdings of cryptocurrency exchange-traded funds (ETFs). Here’s How BlackRock’s ETFs Compare to Grayscale’s Arkham Encrypted Intelligence Platform open In a post on X, BlackRock acquired Grayscale…
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BlackRock Takes The Crypto ETF Throne, Surpasses Grayscale With The Largest Holdings
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According to the latest data, BlackRock, the world’s largest asset manager, has added another feather to its cap, becoming the company with the largest holdings of cryptocurrency exchange-traded funds (ETFs). Here’s How BlackRock’s ETFs Compare to Grayscale’s Arkham Encrypted Intelligence Platform open In a post on X, BlackRock acquired Grayscale…
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Is Ethereum Poised for Inflation? Supply Reaches New High as Staking Takes Off
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While Ethereum has not been completely consistent in its upward trajectory over the past few weeks, its circulating supply has done the opposite. According to Data From Ultrasoundmoney, the circulating supply of ETH has increased to over 120.72 million ETH as of today. While this increase in supply is not…