U.K. stocks rose notably on Friday and the British pound strengthened against other major currencies after data showed the U.K. economy exited a technical recession in the first quarter, led by a rebound in the services output and household spending. Data from the Office for National Statistics showed that the U.K. gross domestic product grew...
Canaan has launched a new mining machine at the Bitcoin Asia 2024 conference. According to a recent report by the South China Morning Post, the new A1566 model marked the latest of Canaan’s flagship Avalon A15 series, engineered to help miners cope with the reduced rewards from Bitcoin’s latest halving event. Reduced Mining Efficiency Post...
Canadian shares are likely to open with a slightly negative bias Thursday morning amid rising uncertainty over U.S. interest rate trajectory, and renewed geopolitical tensions. Energy stocks may move up on firm crude oil prices and help limit market\'s downside. Once again, activity may remain stock specific with investors reacting to a slew of quarterly...
Rich Dad Poor Dad author and renowned investor Robert Kiyosaki believes that the US dollar is losing value and expressed his support over crypto investments. During a recent episode of the podcast “The Rich Dad Channel,” Kiyosaki discussed the importance of portfolio diversification including cryptocurrencies. Speaking to Andy Shechtman, CEO of Miles Franklin Precious Metals,...
Western Union co. (WU), in coordination with its processing partner Orbit S.A., announced Thursday the resumption of its service from the United States to Cuba, effective immediately. With service reinstated, Western Union customers are now once again able to send money from any U.S. retail location, WesternUnion.com or the Western mobile app to close family...
Crypto market maker Wintermute is providing liquidity and supporting the newly launched Hong Kong spot Bitcoin and Ethereum exchange-traded funds (ETFs). In an announcement shared with CryptoNews, London-based Wintermute said it is providing liquidity to two Hong Kong licensed digital asset platforms; OSL Digital Securities and HashKey HK Exchange. Wintermute said both OSL Digital Securities...
First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended May 4th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 231,000, an increase of 22,000 from the previous week\'s revised level of 209,000. Economists had expected jobless claims...
Bitcoin (BTC/USD) currently displays a potential bullish outlook, trading at $62,901, reflecting an increase of around 1%. This observation aligns with Fidelity Investments’ analysis that similar patterns of calm have historically preceded major price increases. With current stability akin to major technology stocks, Bitcoin may be setting the stage for another substantial uptick in value,...
Endeavor Group Holdings, Inc. (EDR) on Thursday reported a net loss attributable to the company of $137.34 million or $0.46 per share, compared to net income of $8.03 million or $0.03 per share in the prior-year quarter. On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share...
As Bitcoin oscillates around $61,368 following a 2.60% decrease, market watchers are closely monitoring the impact of a new $1 billion liquidity fund for Hong Kong’s crypto ETFs. This fund aims to stabilize and perhaps catalyze a bull market in Asia, influencing Bitcoin price predictions across the region. Wintermute Enhances Liquidity for Hong Kong’s New...