Norway is introducing a new legislation to regulate data centers nationwide and provide oversight on the activities of BTC miners, according to local Monday reports. The law mandates that all data centres register with the appropriate authorities and provide detailed information on services and ownership structure. BTC Miners Activities Set to be Filtered by Norway’s...
Financial services firm Morgan Stanley (MS) reported Tuesday that net income applicable to the company\'s common shareholders for the first quarter increased to $3.27 billion or $2.02 per share from $2.84 billion or $1.70 per share in the year-ago quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of...
The Bitcoin halving is less than one week away, and Coinbase is hyping up the event with a new commercial released on Monday. Advertising the Halving The trading platform released the video on X illustrating how much Bitcoin’s price has appreciated over time by measuring its purchasing power in terms of pizza. “Over time, your...
The Canadian market is likely to open on a mixed note on Tuesday, tracking commodity prices, and reacting to the nation\'s consumer price inflation data. Geopolitical tensions may weigh on sentiment. Canadian inflation data for the month of March is due at 8:30 AM ET. Canada monthly consumer prices edged up by 0.3% in February....
Financial services firm Morgan Stanley (MS) reported Tuesday a profit for the first quarter that increased 15 percent from last year, driven by revenue growth across its operating segments and lower provisions for credit losses. Both earnings per share and quarterly revenues topped analysts\' estimates. In Tuesday pre-market trading, MS is currently trading on the...
Bitcoin (BTC), the leading cryptocurrency, recently showcased its resilience by rebounding above $66,270, a significant recovery from a recent low of $62,000. This downturn was initially triggered by the onset of the Iran-Israel conflict, causing substantial liquidations among crypto investors. With that in mind, Bitcoin price prediction seems bearish, ahead of Bitcoin haling event. Despite...
After reporting a substantial rebound in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts pulled back by much more than expected in the month of March. The Commerce Department said housing starts plummeted by 14.7 percent to an annual rate of 1.321...
BlackRock’s Bitcoin ETF stands out as the sole spot Bitcoin fund in the United States to experience inflows on Monday, while other ETFs reported either zero inflows or even outflows. According to data from Farside Investors, the iShares Bitcoin Trust (IBIT) recorded net inflows of $73.4 million on April 15, although this figure decreased from the...
Planet Fitness, Inc. (PLNT) announced Tuesday that it has appointed Colleen Keating as the Company\'s Chief Executive Officer, effective June 10, 2024. At that time, Craig Benson will resign as Interim CEO but will continue to serve as a member of the Company\'s Board of Directors. The company said Keating\'s appointment is the culmination of...
The central bank of the Pacific island country of Fiji has released a note to the public cautioning that cryptocurrencies and virtual assets such as Bitcoin, Ethereum, and Tether are not recognised as legal tender in the country. In an announcement, the Reserve Bank of Fiji said it is illegal for any individuals to purchase...