The Switzerland market ended notably lower on Friday with stocks reeling under pressure right through the day\'s session amid concerns about the outlook for global economic growth. The benchmark SMI ended down by 115.29 points or 0.95% at 12,012.87. The index touched a high of 12,110.54 and a low of 11,987.23 in the session. Holcim...
The US Justice Department (DoJ) arrested an heir to the Cartier empire on May 2, charging him with laundering proceeds of drug trafficking using Tether’s USDT stablecoin. The charges mark a rare intersection between influential people and crypto-related crime. According to the DoJ’s indictment announcement, Maximilien de Hoop Cartier, a direct descendant of Louis Cartier,...
Binance has lost a big share of its total trading volumes since ending its zero fees on Bitcoin pairs and in wake of the US Commodity Futures and Trading Commission (CFTC)’s lawsuit against the firm. That’s according to the latest blog post by crypto analytics firm Kaiko, which says that Binance’s market share has dropped...
An anonymous Bitcoiner has donated over 8 BTC, equivalent to approximately $500,000, in support of WikiLeaks co-founder Julian Assange’s family as they faced mounting debt from his travel and settlement expenses. Assange, who has recently regained his freedom after a 14-year battle against extradition to the United States, was required to pay $520,000 to the...
MicroStrategy’s billionaire executive chairman, founder and former CEO Michael Saylor has just sold $800 million in convertible senior notes to add to his company’s ~ $13 billion Bitcoin war chest. Saylor made the announcement in a tweet on his X profile. MicroStrategy Completes $800 Million Offering of Convertible Notes at 0.625% Coupon and 42.5% Conversion...
Australia inflation accelerated more than expected in May, suggesting the Reserve Bank will remain hawkish at the August meeting. Consumer price inflation rose to 4.0 percent in May from 3.6 percent in April, the Australian Bureau of Statistics reported Wednesday. Inflation was expected to rise to 3.8 percent. At the same time, core inflation that...
Gold prices (XAU/USD) inched higher on Thursday, supported by falling yields, which ticked down across the curve despite stronger-than-expected U.S. gross domestic product data. Considering recent moves, bullion has lost more than 2% this year, but it has lacked directional conviction over the past few trading sessions. Volatility, however, could pick up heading into the...
Indian shares opened a tad lower on Monday as French elections pointed to a hung parliament and investors looked ahead to the release of the U.S. inflation print for June as well as Federal Reserve Chair Jerome Powell\'s testimony this week for additional clues on the Fed\'s rate trajectory. The benchmark S&P/BSE Sensex dropped 180...
The Indonesia stock market on Tuesday ended the three-day winning streak in which it had picked up more than 160 points or 2.6 percent. The Jakarta Composite Index now rests just above the 6,880-point plateau and it may take further damage on Wednesday. The global forecast for the Asian markets is a mixed bag, with...
Indian shares look set to open on a buoyant note Monday amidst expectations of a U.S. rate cut in September. On the earnings front, Bandhan Bank, Dr Reddy\'s Laboratories, ICICI Bank, IndusInd Bank, KEC International, PNB and Power Grid are among the prominent stocks that will react to their financial results released after market hours...