United States Securities and Exchange Commission (SEC) Chair Gary Gensler may very well cost current President Joe Biden the White House in 2024 amid growing political tension with Republican frontrunner Donald Trump, Billionaire Mark Cuban alleged while speaking at Coinbase’s State of Crypto event on Thursday. Joe Biden’s Election Chances Fall On SEC Chair Gary...
Indian shares opened a tad lower on Friday after three straight sessions of gains. The benchmark S&P BSE Sensex was down 177 points, or 0.2 percent, at 76,634 in early trade while the broader NSE Nifty index was down 50 points, or 0.2 percent, at 23,349. IT stocks traded weak, with HCL Technologies, TCS and...
Bitcoin exchange-traded funds (ETFs) listed in the United States experienced net outflows of over $226 million on Thursday, marking the third consecutive day of significant withdrawals. Preliminary data from SoSoValue reveals that Fidelity’s FBTC recorded the highest outflow, with $106 million withdrawn. Grayscale’s GBTC saw $62 million in outflows, while Ark Invest’s ARKB experienced $53...
Keith Gill, aka Roaring Kitty, has sparked a conspiracy theory as he increases his GameStop (GME) holdings to over 9M with 4M more shares. On June 13th Gill, known online as “Roaring Kitty” and “DeepFu**ingValue,” announced that he bought another 4 million shares of GME worth $262 million. This brings the trader’s total shares to...
Foreign trade from the euro area and final consumer prices from France are the top economic news due on Friday. At 2.00 am ET, Statistics Sweden publishes consumer price data for May. Inflation is forecast to ease to 3.5 percent from 3.9 percent in April. At 2.45 am ET, France\'s statistical office INSEE is slated...
Bitcoin development firm MicroStrategy announced on Friday that it has increased its recently announced convertible note offering by $200 million, bringing the total size of the sale to $700 million. MicroStrategy Raises Debt Offering For Bitcoin The company also revealed the pricing of its convertible bonds at 2.25% per year. This rate is above the...
The Bank for International Settlements (BIS) launched its Toronto Innovation Hub on June 13, partnering with the Bank of Canada. The hub is expected to spearhead financial initiatives in Canada and extend its influence across Latin America and the Caribbean. BIS Innovation Hub Will Explore Next-Generation Financial Market Infrastructures The BIS Innovation Hub in Toronto...
European stocks are likely to open on a positive note Friday amid signs that price pressures may be easing in the United States. Trading later in the day may be impacted by reaction to the University of Michigan\'s preliminary report on U.S. consumer sentiment for June, which includes readings on inflation expectations. The European economic...
Bitcoin, the flagship cryptocurrency, has tumbled to its lowest level in 30 days, reaching $65,057 amidst a flurry of market uncertainties. This recent downturn has sparked debates about Bitcoin’s price prediction, with investors questioning whether this is a temporary setback or a sign of deeper trouble ahead. The confluence of factors contributing to this decline,...
Ripple Labs made a strong case in its lawsuit against the US Securities and Exchange Commission (SEC) on June 13. Citing the Terraform Labs settlement, Ripple argued that the penalty proposed by the regulatory body should be reduced to $10M. By drawing this parallel, Ripple seeks to reduce the SEC’s proposed penalty. Deep Insights into...