The U.S. dollar climbed against its most major counterparts in the New York session on Friday, following the release of the latest batch of economic data, including a Commerce Department report showing retail sales increased by slightly more than expected in October. The Commerce Department said retail sales rose by 0.4 percent in October after...
Swiss stocks tumbled on Friday, weighed down data showing a slowdown in growth, and uncertainty about Fed interest rate cuts following hawkish comments by the central bank chair Jerome Powell. The benchmark SMI closed down 156.61 points or 1.33% at 11,627.04. Data from the State Secretariat for Economic Affairs, or SECO, said gross domestic product...
The Canadian market is down in negative territory Friday afternoon with stocks from several sectors reeling under sustained selling pressure amid uncertainty about U.S. interest rate cuts after dovish comments from Fed Chair Jerome Powell. The benchmark S&P/TSX Composite Index was down 204.79 points or 0.82% at 24,844.88 a little while ago. Alimentation Couche-Tard Inc...
The Canadian market ended notably lower on Friday, weighed down by losses in energy, industrials and materials sectors, and on uncertainty about Federal Reserves interest rate trajectory. The benchmark S&P/TSX Composite Index, which opened at 25,004.49 and dropped to a low of 24,814.91 around mid afternoon, ended the days session at 24,890.68 with a loss...
Uniswap Labs prepares to launch the Unichain mainnet in 2025 with permissionless fault proofs for enhanced security and decentralization.Flashblocks and validation nodes aim to provide faster transactions and decentralized infrastructure on Unichain post-launch. Uniswap Labs is making steady progress toward its goal of creating a more scalable and secure decentralized finance (DeFi) ecosystem. As reported...
The National Center for Public Policy Research is currently negotiating a Bitcoin proposal with a “major” company, which they have yet to disclose. The NCPPR proposed a 5% Bitcoin allocation for Amazon shareholders, contrasting with Michael Saylor’s proposal for Microsoft, which was already rejected. Since its launch in 2009, Bitcoin, the leading cryptocurrency, has evolved significantly...
Low sentiment suggests a contrarian opportunity for Bitcoin, with analysts predicting a potential recovery above $100K.Despite short-term corrections, macroeconomic support points to Bitcoin reaching $160K by 2025. Bitcoin’s social sentiment has plummeted to its lowest level of 2024, signaling a wave of negative retail emotions as the cryptocurrency trades at $97,150—down over 10% from its...
DOGE is expected to leverage its close correlation with Bitcoin to hit $3 once Bitcoin reaches the $17 trillion valuation of gold. Meanwhile, analysts expect DOGE to hit between $10 and $23 after outperforming the third year of its previous cycles in 2024. Bitcoin (BTC) is expected to match the $17.73 trillion market cap of gold....
The UAE is rumored to hold $40 billion in Bitcoin, positioning itself as a major player in the crypto space.The UAE advances its digital economy with AE Coin, a stablecoin aligned with its Government Digital Strategy 2025. The United Arab Emirates (UAE) has purportedly emerged as a major player in the cryptocurrency world, with unverified...
Public companies holding Bitcoin increased 65% in 2024, signaling early stages of mass corporate adoption.New corporate players like Rumble and Workport drive Bitcoin adoption with innovative integration plans. Bitcoin’s acceptance by publicly traded corporations has reached new heights, indicating a significant shift in the financial environment. While the market cap of Bitcoin touched a new...