VC crypto investment rules could be relaxed in Japan, where the government plans to allow venture capital firms to invest in Web3 companies. Per an official release from the nation’s Ministry of Economy, Trade, and Industry, and the media outlet CoinPost, the cabinet has approved a move that could soon let VCs hold crypto. VC...
The Indonesia stock market on Tuesday wrote a finish to the four-day winning streak in which it had rallied more than 250 points or 3.7 percent. The Jakarta Composite Index now rests just above the 7,125-point plateau although it\'s likely to see renewed support on Wednesday. The global forecast for the Asian markets suggests little...
The International Monetary Fund raised China\'s growth projections citing strong first quarter growth data and recent policy measures, but cautioned about downside risks to growth. The Washington-based lender expects the second-largest economy to grow 5 percent this year, which is faster than the 4.6 percent projected in April. Likewise, the outlook for 2025 was lifted...
Bitcoin (BTC) miners are offloading part of their assets as they look towards the upcoming halving amid increased market activity and the rising Bitcoin price. New data from on-chain analytics firm Glassnode shows a drop in the amount of assets held by Bitcoin miners this year. The amount of Bitcoin in miner wallets has plunged by...
Bitcoin and Ethereum ETFs saw record-breaking inflows, showing strong institutional interest in crypto.BlackRock’s IBIT ETF reached an all-time high with $1.12 billion in one-day inflows. On November 7, the crypto market reached significant milestones in terms of institutional investing. Reaching a record-breaking $1.376 billion net inflow, Bitcoin spot ETFs represent a turning point in the...
The U.S. dollar climbed higher on Monday, recovering from recent losses, as investors looked ahead to a slew of crucial economic data, including reports on consumer and producer price inflation, for clues about the central bank\'s interest rate moves. After the Labor Department\'s jobs data offered conflicting signals on the U.S. economic and rate outlook,...
The China stock market has moved lower in three straight sessions, sinking more than 75 points or 2.6 percent in that span. The Shanghai Composite Index now sits just above the 2,860-point plateau and its looking at another soft start again on Tuesday. The global forecast for the Asian markets is bleak on continuing concerns...
Silver Lake, a global leader in technology investing, has reported a significant transaction involving shares of Dell Technologies Inc. (NYSE:DELL). According to a recent Form 4 filing with the Securities and Exchange Commission, entities associated with Silver Lake sold Dell shares totaling over $60 million. The transactions, which took place on March 19, 2024, involved...
On Monday, Orion Oyj (ORNBV:FH) (OTC: ORINY) saw a downgrade in its stock rating by a Jefferies analyst, shifting from Hold to Underperform. Accompanying this downgrade, the price target was also lowered to EUR28.00 from the previous EUR35.00. The analyst expressed concerns over the company\'s reliance on the sales of its Nubeqa drug, which is...
European stocks failed to hold early gains and ended weak on Wednesday with the mood turning cautious past mid afternoon as investors awaited some crucial U.S. economic data for more clarity about the outlook for interest rates. Stocks gained in strength early on in the session, reacting to a slew of strong earnings updates. Survey...