The South Korea stock market has moved higher in back-to-back sessions, collecting almost 40 points or 1.6 percent along the way. The KOSPI now rests just above the 2,680-point plateau although it may run out of steam on Monday. The global forecast for the Asian markets is soft, with energy and technology stocks likely to...
Digital Currency Group (DCG) founder and CEO Barry Silbert proposed a possible merger of Genesis and Gemini according to an email exchange back in 2022, recent court filings show. Back then DCG owned the now-bankrupt crypto lender Genesis. If the proposed “commercial partnership” had gone ahead the plan would have been to compete with cryptocurrency...
Arkham Intelligence has allegedly pinpointed the Bitcoin addresses belonging to Tesla and SpaceX, with holdings valued at over $1.3 billion. According to Arkham’s announcement on social media, the crypto intelligence firm claimed to have identified Tesla and SpaceX’s Bitcoin addresses through a meticulous analysis. They suggested these addresses align with the companies’ previous financial statements....
The Australian dollar weakened against other major currencies in the Asian session on Monday, as Asian stock markets traded lower, following the broadly negative cues from Wall Street on Friday, as traders reacted to mixed U.S. monthly jobs data and are cautious ahead of the release of key U.S. inflation data on Tuesday that could...
The United States Securities and Exchange Commission (SEC) has delayed the decision to approve options trading on spot Bitcoin exchange-traded funds (ETFs). The SEC extended the response deadline for the Cboe Exchange and the Miami International Securities Exchange, both of which filed bids to offer options on Bitcoin ETFs. The agency has also postponed the decision on Nasdaq’s bid to...
The Japanese yen strengthened against other major currencies in the Asian session on Monday, after data showed that Japan\'s gross domestic product expanded in the fourth quarter of 2023. Data from the Cabinet Office showed that Japan\'s gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2023. That...
However, recent doji and spinning top candles on the 4-hour chart indicate market indecision. Despite this, Bitcoin’s trend remains bullish above $65,050, with potential for a significant downtrend if it dips below this critical threshold. Top 15 Cryptocurrencies to Watch in 2023 Stay up-to-date with the world of digital assets by exploring our handpicked collection...
Japan\'s economy posted growth in the fourth quarter underpinned by business investment, while a recession was initially estimated, revised data from the Cabinet Office showed Monday. Gross domestic product posted an annual growth 0.4 percent in the fourth quarter compared to the previous estimate of 0.4 percent decline. This followed a 3.2 percent contraction in...
Asian stocks turned in a mixed performance on Monday after the latest U.S. jobs report sent mixed signals about the state of the world\'s largest economy. While a stronger yen pressured Japanese stocks, encouraging inflation data helped spur buying in mainland Chinese and Hong Kong. A weaker dollar helped lift gold prices to another record...