By Stephen Culp NEW YORK (Reuters) -U.S. stocks lost ground at the start of a holiday-shortened week on Monday as investors positioned themselves ahead of inflation data. All three major U.S. stock indexes ended the session in the red, with the blue-chip Dow suffering the largest percentage loss. The dollar dipped as the risk of...
Solidion Technology commits 60% of excess cash and interest income to Bitcoin for long-term diversification and asset management.Corporate and governmental interest in Bitcoin rises amidst regulatory changes and economic uncertainty, aligning with Bhutan’s strategic Bitcoin reserve model. Solidion Technology Inc. has embraced a risky financial approach by heavily incorporating Bitcoin into its treasury operations. The...
By Ankur Banerjee SINGAPORE (Reuters) - Bitcoin was perched at a two-year peak on Tuesday, breaking above $68,600 and stalking the all-time high as money keeps rushing into the largest cryptocurrency by market value. Bitcoin has gained 50% this year and most of the rise has come in the last few weeks when inflows into...
Morgan Stanley will allow its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs) to eligible clients, marking a first for major Wall Street banks. According to a report by CNBC, starting August 7, Morgan Stanley’s 15,000 financial advisors can solicit clients to purchase shares of BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin...
JAKARTA. PT Golden Westindo Arta Jaya Tbk (GWAA) announced the postponement of its initial public offering (IPO), which is initially scheduled from September 27 to October 1, 2024. Prior to this, GWAA had conducted the book building on September 10-18, 2024. In this stage, the number of shares offered by GWAA is 685.71 million shares,...
Between Representatives Cynthia Lummis and Kirsten Gillibrand’s new stablecoin bill and Congresswoman Maxine Waters’ renewed optimism in stablecoin legislation, will a new law regulating the fiat-pegged cryptocurrencies be enacted anytime soon? Cody Carbone, Chief Policy Officer at The Digital Chamber, said last week that he would only give the odds of any stablecoin legislation passing...
JAKARTA. PT Orimba Alam Kreasi (OAK), one of subsidiaries ofPT SLJ Global Tbk (SULI), has reportedly signed a credit agreement with ACLF Investments Hong Kong Limited. Amir Sunarko, President Director of SULI, mentioned that ACLF Investments is a company headquartered in Hong Kong. ACLF Investment grants private loans focusing on climate, environmental, and social impacts....
The China stock market has moved lower in four straight sessions, tumbling almost 95 points or 3.2 percent along the way. The Shanghai Composite Index now sits just above the 2,885-point plateau and it\'s likely to open in the red again on Friday. The global forecast for the Asian markets is mixed ahead of more...
MoonPay confirmed to Cryptonews on Monday that it has donated $1 million to the digital advocacy group Stand With Crypto ahead of the 2024 elections. “Today, two things are abundantly clear: this year’s election will define the future of our industry in the United States, and it is our responsibility to step up and stand...
French stocks traded lower on Thursday as investors awaited the ECB\'s rate decision as well as President Christine Lagarde\'s press conference for directional cues. The central bank is expected to keep interest rates unchanged at record highs for the fourth policy meeting in a row but could signal potential future cuts in case there is...