The British pound weakened against other major currencies in the late European session on Thursday, after the Bank of England maintained its key policy rate for the sixth consecutive meeting. The Monetary Policy Committee decided to hold the Bank Rate at 5.25 percent again in a split vote. The current bank rate is the highest...
Argentina’s state-run energy provider has completed a new Bitcoin (BTC) mining deal that will see the firm use associated gas to power 1,200 ASIC mining rigs in Patagonia. Per the Spanish-language media outlet Criptonoticias, the deal involves the Argentinian government-owned firm Fiscal Petroleum Yacimientos (YPF) and its YPF Luz affiliate. The agreement also involves the...
Japan posted a current account surplus of 3.398 trillion yen in March, the Ministry of Finance said on Friday - up 44 percent from the previous year. That was shy of expectations for a surplus of 3.489 trillion yen but was up from 2.644 trillion yen in February. Imports were down 3.8 percent on year...
The Taiwan stock market on Thursday ended the four-day winning streak in which it had advanced more than 480 points or 2.3 percent. The Taiwan Stock Exchange now sits just above the 20,560-point plateau although it\'s likely to see renewed support on Friday. The global forecast is upbeat on an improving outlook for interest rates....
Core Scientific announced its financial results for the first quarter of 2024, highlighting a significant recovery with a net income of $211 million. According to its latest press release, Core Scientific’s performance this quarter marked a notable improvement from the previous year’s figures. The company attributed this turnaround to an increase in revenue generated from...
The China stock market bounced higher again on Thursday, one day after ending the two-day winning streak in which it had collected more than 40 points or 1.3 percent. The Shanghai Composite Index now sits just beneath the 3,155-point plateau and it may see additional support on Friday. The global forecast is upbeat on an...
As Bitcoin price predictions become increasingly cautious, the cryptocurrency continues to face substantial headwinds. Recently trading around $61,540, Bitcoin dipped to an intra-day low of $60,910, influenced by escalating regulatory scrutiny in the U.S. and a hawkish Federal Reserve stance on interest rates. Despite these challenges, strategic initiatives such as Hong Kong’s $1 billion crypto...
The Hong Kong stock market on Thursday ended the two-day slide in which it had slumped more than 260 points or 1.4 percent. The Hang Seng Index now sits just above the 18,530-point plateau and it\'s tipped to open in the green again on Friday. The global forecast is upbeat on an improving outlook for...
Crypto hedge fund Pantera Capital has reiterated its bullish stance on Bitcoin, predicting a potential surge in price to $114,000 by August 2025. The forecast comes as the industry grapples with challenges such as inflation concerns, Federal Reserve interest rate policies, and the escalating Middle East crisis. In its latest report, Pantera Capital revisited its...
Lightning Labs CEO Elizabeth Stark believes the new functionality brought by the Lightning Network Taproot Assets protocol will enable stablecoins on Bitcoin. During FT Live’s Crypto and Digital Assets summit in London, Stark gave an explainer of Bitcoin and the Lightning Network to an audience of traditional finance players. Lightning Labs’ Taproot Assets protocol is...