The total volume of retail sales in New Zealand was up a seasonally adjusted 0.5 percent on quarter in the first three months of 2024, Statistics New Zealand said on Thursday. That beat forecasts for a decline of 0.3 percent following the 1.9 percent contraction in the three months prior. By industry, the largest movements...
Bitcoin (BTC) halted its decline and regained traction, rising above $67,000 and reaching an intraday high of $67,600. After briefly dipping below $66,000, Bitcoin bounced back due to expectations of Federal Reserve rate cuts and increasing tensions in the Middle East, particularly following the helicopter crash involving Iran’s President. These factors have led investors to...
The South Korea stock market has moved lower in two straight sessions, slipping almost 20 points or 0.7 percent along the way. The KOSPI now sits just beneath the 2,725-point plateau and it may extend its losing streak on Thursday. The global forecast for the Asian markets is negative on a dimming outlook for interest...
Bitcoin’s price is poised to surge to new ATHs if it can successfully surpass the critical $67,500 level, which is currently acting as a significant resistance point. According to Markus Thielen, the head of research at 10x Research, breaking through this level could pave the way for a bullish rally. He said that the recent...
South Korean police officers have arrested 28 people they suspected of orchestrating a crypto investment fraud ring. Per Jose Geumyoong Shinmun and the broadcaster KBC, a raid was conducted by the Gwangju Metropolitan Police Agency’s Cyber Crime Investigation Unit. South Korean Police Arrest ‘Bogus Exchange Ringleaders’ Police spokespeople confirmed they had detained six of the...
The manufacturing sector in Australia continued to contract in May, and at a steady pace, the latest survey from Judo Bank revealed on Thursday with a manufacturing PMI score of 49.6. That\'s unchanged from the April reading, and it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Production levels fell for...
BitFuFu Inc., a rapidly growing digital asset mining service and cloud-mining provider, announced stellar financial results for the first quarter of 2024. The company’s innovative cloud mining solutions and self-mining operations are firing on all cylinders, propelling revenues and profits. The company reported an impressive 149% year-over-year spike in total revenue to $144.4 million, driven by explosive...
The US House on Wednesday voted in favor of crypto-friendly legislation (FIT21) that would hand control of cryptocurrency oversight to a government agency seen as more favorable to the industry. Its objective is to establish a fresh legal structure for digital currencies. This is despite an unconventional caution from the US securities regulator regarding the...
Ahead of Wednesday\'s holiday for Wesak Day, the Malaysia stock market had ended the three-day winning streak in which it had advanced almost 25 points or 1.7 percent. The Kuala Lumpur Composite Index now sits just above the 1,620-point plateau and it may take further damage on Thursday. The global forecast for the Asian markets...
Bitcoin has achieved all-time highs against local currencies in several countries across Asia and South America, following a significant 7% surge in its price. On May 21, Bitcoin reached an intraday and six-week high of $71,650, marking a gain of over 7% within a 24-hour period. According to CoinGecko, this puts the asset within a...