Indonesia\'s central bank surprised markets on Wednesday with an unexpected quarter-point rate hike to strengthen the rupiah. The Board of Governors of Bank Indonesia, governed by Perry Warjiyo, decided to lift the seven-day reverse repo rate to 6.25 percent from 6.00 percent. The current rate is the highest since 2016, when the bank made the...
Indian shares opened a tad higher on Tuesday, mirroring firm cues from global markets as the risk of a significant escalation of hostilities between Israel and Iran eased. The benchmark S&P BSE Sensex climbed 195 points, or 0.3 percent, to 73,842 in early trade, rising for a third straight session. The broader NSE Nifty index...
Velvet Capital, a decentralized finance (DeFi) asset management protocol backed by Binance Labs, has been forced to temporarily deactivate its website following concerns over a potential phishing attack. Reports of abnormal behavior on Velvet Capital’s trading platform surfaced on April 23. Upon attempting to connect to the website, users encountered prompts to authorize wallet access. ...
As Bitcoin price hovers around $66,400, witnessing a minor dip of 0.50%, market participants are keenly observing its next moves. Amidst fluctuating market conditions, a pivotal aspect to consider is the potential impact of a proposed 30% excise tax on U.S. Bitcoin mining, which could reshape the industry landscape. This backdrop sets the stage for...
European stocks may open slightly higher on Tuesday as easing geopolitical tensions and a soft inflation outlook bolstered hopes that the European Central Bank will soon start cutting interest rates. Asian markets traded mixed after U.S. stocks clawed back some of their losses from last week overnight. Regional gains, if any, remained limited ahead of...
Celebrity poker player Antanas ‘Tony G’ Guoga won a pot worth just over $300,000 this weekend on the CoinPoker website, beating an anonymous whale in a high-stakes 1000/2000 game. The game took place as part of the Crypto Series of Poker (CSOP), which is making $1 million in prize money available across 41 tournaments. It...
Flash Purchasing Managers\' survey results from the euro area and the UK are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK public sector finance data. The budget deficit is forecast to widen to GBP 8.9 billion in March from GBP 7.48 billion in February. At...
A new project in Finland is turning energy from Bitcoin mining into energy to heat homes. Hashlabs Mining, a Bitcoin mining infrastructure firm, has pioneered a ground-breaking project that allows heat to be generated using specially designed Bitcoin mining devices. The project exploits hydro-cooled WhatsMiner M63S, an ASIC mining device, which produces hot water at...
While reporting financial results for the first quarter on Tuesday, Ryder System, Inc. (R) raised its earnings and comparable earnings guidance for the full-year 2024, while trimming revenue growth outlook. The company also provided financial outlook for the second quarter. For fiscal 2024, the company now projects earnings in a range of $10.95 to $11.70...
Ian Rogers, the Chief Experience Officer (CXO) at Ledger, the popular crypto and NFT hardware wallet manufacturer, sat down for an exclusive interview with Cryptonews’ Matt Zahab. He discussed his move from the world of giants Apple and Yahoo to crypto and Ledger. Rogers also talked about the incoming Ledger Stax, adding that more secrets...