As the Bitcoin ‘halving’ event approaches in less than two weeks, speculation about Bitcoin price prediction intensifies, with some analysts eyeing the $100,000 mark. Currently, Bitcoin (BTC) has climbed to $69,395, reflecting a modest uptick. This pivotal event, which cuts the mining reward in half, historically triggers significant market movements, igniting debates on its potential...
By Scott Murdoch SYDNEY (Reuters) - China Evergrande (HK:3333)\'s liquidators have hired three law firms to advise on the troubled property giant\'s winding-up process, according to sources with direct knowledge of the matter. Global firm Clifford Chance and Hong Kong firms Tanner De Witt and Karas So were mandated recently to provide legal advice on...
By Ananya Mariam Rajesh (Reuters) -The U.S. Department of Justice (DOJ) is preparing to sue Apple (NASDAQ:AAPL) as soon as Thursday for allegedly violating antitrust laws by blocking rivals from accessing hardware and software features of its iPhone, Bloomberg News reported on Wednesday. Taking action against Big Tech has been one of the few ideas...
Canadian Pacific Kansas City Ltd. (CP, CP.TO) reported Wednesday that first-quarter net income attributable to controlling shareholders declined to 3 percent to C$775 million or C$0.83 per share from C$800 million or C$0.86 per share in the prior-year quarter. Excluding items, core adjusted combined earnings for the quarter was C$0.93 per share, compared to C$0.90...
Velvet Capital, a decentralized finance (DeFi) asset management protocol backed by Binance Labs, has been forced to temporarily deactivate its website following concerns over a potential phishing attack. Reports of abnormal behavior on Velvet Capital’s trading platform surfaced on April 23. Upon attempting to connect to the website, users encountered prompts to authorize wallet access. ...
Blockdaemon, a crypto infrastructure provider, said it is adding Liquid Collective’s ecosystem to its platform, this in turn will allow its developers to contribute to the ETH liquid staking protocol. In an announcement, Blockdaemon said it is supporting Liquid Staked ETH (LsETH) minting, redemption, and custody. This will mean “LsETH” will be integrated as the...
Following the Securities and Exchanges Commission (SEC) lawsuit, US-based crypto exchange, Coinbase, has received multiple Show Cause orders from US states. The Alabama Securities and Exchange Commission (ASC), alongside ten other US states, filed charges against Coinbase for violating securities laws. States that joined the multi-state task force include Kentucky, Illinois, California, South Carolina, Washington,...
The manufacturing sector in New Zealand continued to contract in March, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 47.1. That\'s down from the downwardly revised 49.1 ((originally 49.3) in February, and it moves further beneath the boom-or-bust line of 50 that...
First Community Corp. (FCCO), the holding company for First Community Bank, reported Wednesday that net income for the first quarter declined to $2.60 million or $0.34 per share from $3.46 million or $0.45 per share in the prior-year quarter. Total net revenue for the quarter increased to $15.25 million, including $12.07 million of net interest...
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened most major currencies in the Asian session on Wednesday, as traders await the U.S. inflation report and the Federal Reserve decision later in the day. Economists expect consumer prices to inch up by 0.1 percent in May after climbing by 0.3...