Asian stocks ended mixed on Thursday, with Japanese markets falling heavily as the yen hit a one-month high against the dollar on growing speculation that the Bank of Japan could end negative interest rates this month. Chinese and Hong Kong markets also ended lower as rising U.S.-China tensions overshadowed better-than-expected trade data for the first...
The U.S. dollar moved higher against its major counterparts in the New York session on Friday, as strong-than-expected jobs data for March dampened hopes of imminent interest rate cuts by the Federal Reserve. Data from the Labor Department showed that non-farm payroll employment spiked by 303,000 jobs in March after surging by a downwardly revised...
Max Keiser, a vocal Bitcoin supporter has shared a tweet stating that Bitcoin is likely to skyrocket to $220,000.Although there have been some recent declines, Bitcoin’s general trend is positive, market momentum is increasing and the energy is electric. Max Keiser, advisor to El Salvador’s president, host of The Keiser Report, and a prominent Bitcoin...
Bitcoin and gold are both rising as safe-haven assets amid inflation and economic uncertainty.Institutional interest in Bitcoin grows as ETFs see record-breaking inflows and younger investors favor digital assets. The concept of Bitcoin achieving a $1 million valuation may be unrealistic, but industry professionals like Adam Kobeissi and Anthony Pompliano feel it is entirely feasible....
Bitcoin has experienced a pullback of over 10% from its all-time high, with the demand for spot Bitcoin exchange-traded funds (ETFs) showing signs of moderation, while analysts at JPMorgan Chase and Co. have cautioned that this retreat may have more room to run, Bloomberg reported Friday. The group of 10 spot Bitcoin ETFs recently witnessed its largest...
Swiss food and beverage giant Nestle SA, which is struggling with weak financial performance, announced the resignation of Chief Executive Officer Mark Schneider, and the appointment of Laurent Freixe as the successor, effective September 1. Schneider has decided to relinquish his roles as CEO and member of the Board of Directors after more than 8...
Andorra received IMF guidance on recording and tracking Bitcoin transactions on March 13, following an official request for technical assistance from the European nation. IMF’s Charge to Andorra on Bitcoin Transactions In September 2023, the IMF conducted a technical assistance (TA) visit to Andorra – a country bordering France and Spain. The visit sought to...
French stocks traded slightly higher on Wednesday as investors awaited cues on future rate cuts in the U.S. Minutes of the Feds July meeting due to be published later today and Fed Chair Powells keynote speech at Jackson Hole Symposium on Friday are expected to provide greater clarity on monetary policy easing. Experts anticipate Powell...
Bitcoin spot exchange-traded funds (ETFs) saw a net inflow of $105 million recorded on June 3, marking 15 consecutive days of net inflows for these ETFs. Among the Bitcoin spot ETFs, Fidelity ETF FBTC witnessed a substantial inflow of $77.0482 million, while Bitwise ETF BITB attracted $14.3145 million in inflows. In contrast, BlackRock’s iShares Bitcoin...
The e-CNY Research Institute has been inaugurated to support advancements of China’s central bank digital currency (CBDC). According to a recent report by MPayPass, institute was unveiled at the “2024 Second e-CNY Industry Sustainable Development Seminar” in Suzhou, where industry experts gathered to mark the occasion. The Seminar was co-hosted by the Suzhou City Digital...