Bhutan transferred 367.26 BTC to Binance, reflecting a strategic approach to managing its cryptocurrency reserves.Bhutan uses eco-friendly hydroelectric power for sustainable Bitcoin mining, bolstering its reputation in the crypto industry. The Royal Government of Bhutan has reportedly transferred 367.26 BTC to Binance, worth roughly $33.51 million. The transaction, which is thought to be a preliminary...
The Canadian market ended lower on Wednesday as energy and materials shares reeled under selling pressure as oil and metal prices fell. Concerns about the outlook for interest rates weighed as well on sentiment. Data showing an unexpected increase in U.S. crude inventories in the week ended May 17th weighed on oil prices, and gold...
Canadian stocks are likely to open higher Tuesday morning on slightly firm metal prices. With the focus on Fed Chair Jerome Powell\'s congressional testimony, and upcoming U.S. earnings season, the mood is likely to remain a bit cautious. Powell\'s testimony on Tuesday and Wednesday is likely to provide more clues on the likely direction of...
French stocks declined on Friday as a survey showed France\'s private sector contracted the most in four months in June on renewed decrease in new orders due to uncertainty caused by a snap election paralyses business investment. The headline HCOB flash composite output index fell unexpectedly to 48.2 in June from 48.9 in May, according...
Germanys construction sector activity contracted at the slowest pace in 16 months in September, survey results from S&P Global showed on Friday. The construction Purchasing Managers Index rose to 41.7 from 38.9 in the previous month. This was the highest since May 2023. However, the score remained below 50.0, indicating contraction. There were softer declines...
Balancing Risks and Benefits However, the report also acknowledges the risks associated with Bitcoin, including its volatility, regulatory challenges, and the uncertainty surrounding its adoption as a global payment asset. Despite these risks, BlackRock argues that Bitcoin’s unique properties can provide a valuable diversification benefit for investors. “While Bitcoin has shown instances of short-term co-movements...
Bitcoin mining companies are experiencing a significant decline in their stock prices as they face reduced revenue due to an upcoming code update for the largest cryptocurrency. Companies such as Marathon Digital Holdings Inc., Riot Blockchain Inc., and CleanSpark Inc. have seen their stock prices fall for three consecutive days. The Valkyrie Bitcoin Miners exchange-traded...
European stocks are seen opening broadly lower on Friday, though commodity-related stocks may rise after data showed the U.S. economy expanded at a faster-than-expected pace in the second quarter. The July Personal Consumption Expenditures report along with separate reports on Chicago-area business activity and consumer sentiment will be in the spotlight later today, heading into...
German stocks were little changed on Tuesday after rising notably in the previous session. Underlying sentiment remained supported somewhat after data showed German inflation fell to its lowest level in more than three years in August. A second estimate confirmed that the countrys inflation slowed to 2 percent in August, its lowest level since 2021...
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...