U.K. stocks traded lower on Tuesday, with miners leading losses after data showed Chinas exports grew at a slower pace in November and imports unexpectedly shrank, in a worrying sign for the worlds second-largest economy. The benchmark FTSE 100 dropped 35 points, or 0.4 percent, to 8,317 after gaining half a percent the previous day....
European stocks traded lower on Tuesday, with miners leading losses after data showed Chinas exports grew at a slower pace in November and imports unexpectedly shrank, in a worrying sign for the worlds second-largest economy. Also, focus shifted to upcoming U.S. CPI data and the ECB policy meeting. The European Central Banks (ECB) monetary policy...
Chinas exports growth weakened more than expected in November and imports posted a surprise decline due to the weak domestic demand, highlighting the risk of deepening economic slowdown as the property market has yet to bottom out amid threats of global trade protectionism measures. Exports grew 6.7 percent annually in November, which was weaker than...
Shares of Oracle Corp. declined around 8 percent in the after-hours trading on Monday, and is currently down around 9 percent in the pre-market activity on the NYSE after the tech majors second-quarter earnings missed the market estimates, and also issued third-quarter outlook below the Street view. However, the quarterly profit and revenues increased from...
Indian shares fluctuated before ending little changed on Tuesday as traders closely monitored escalating violence in Syria and awaited key U.S. inflation readings this week that could influence the Feds rate trajectory. The benchmark S&P BSE Sensex ended the session up 1.59 points at 81,510.05 while the broader NSE Nifty index closed down 8.95 points...
Coinbase director Conor Grogan suggests Satoshi Nakamoto may control 1.096 million BTC, making him one of the wealthiest figures in crypto.Transactions from Satoshi-linked addresses mostly targeted CaVirtEx, later acquired by Kraken, raising speculation that Kraken may hold clues to Nakamoto’s identity. According to Coinbase Director Conor Grogan, Satoshi Nakamoto might have 1.096 million BTC, which...
U.S. Treasury Secretary Scott Bessent emphasized the administration’s focus on lowering the 10-year Treasury yield without urging Fed rate cuts.The administration’s “3-3-3” economic framework aims to cut the fiscal deficit to 3% of GDP, boost oil production, and maintain 3% growth. U.S. Treasury Secretary Scott Bessent laid out the Trump administration’s strategy to reduce borrowing...
The latest research on Satoshi Nakamoto’s on-chain activities shows that his last transaction could be in 2014 when he probably used a Canadian crypto exchange called Cavirtex. According to Coinbase Director, the current evidence suggests that the former CEO of Kraken may not be the mysterious Bitcoin creator. The head of product business operations at Coinbase,...
Solana’s co-founder suggests Bitcoin might adopt a hybrid proof-of-stake model as its role in national reserves grows.Experts debate Bitcoin’s security while Ethereum faces its own struggles, adding context to the discussion. Solana co-founder Anatoly Yakovenko proposes that Bitcoin implement a proof-of-stake model combining Bitcoin and PoS features for inclusion in national reserve systems. Anatoly Yakovenko...
The Czech National Bank is considering investing €7 billion in Bitcoin, sparking debate among European central bankers.Supporters see this as a game-changer, but concerns over Bitcoin’s volatility and regulation remain strong. The Czech National Bank members approved evaluations that assessed the usage of Bitcoin (BTC) for investing five percent of their international reserves worth about...