The Thai stock market turned lower again on Thursday, one day after snapping the three-day losing streak in which it had slumped almost 25 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,450-point plateau and its expected to open under pressure again on Friday. The global forecast for the...
European stocks tumbled on Tuesday and several markets recorded their biggest single-session decline in several weeks, as concerns about the potential adverse impact of Donald Trumps protectionist policies on global economic and political front weighed on sentiment. A sell-off in mining stocks following a sharp drop in metal prices contributed significantly to the decline in...
The Switzerland market ended sharply lower on Tuesday as stocks reeled under selling pressure right through the days session on weak global cues amid concerns about the possible impact of Donald Trumps protectionist policies. The benchmark SMI closed down 190.70 points or 1.6% at 11,712.09, slightly off the days low of 11,697.50. Alcon closed down...
Shiba Inu has partnered with Chainlink to integrate the Cross-Chain Interoperability Protocol into its layer 2 network, Shibarium, enhancing its capabilities.Powered by Chainlink’s oracle networks, the CCIP standard allows Shibarium developers to create feature-packed cross-chain applications that contribute to the expansion of the Shibarium network. Chainlink, a decentralized blockchain oracle network, has integrated with Shibarium,...
Ripple and its partners Archax and abrdn launched the first tokenized money market fund on the XRP Ledger.Ripple has invested $5 million into the fund, showcasing confidence in XRPL’s ability to handle real-world asset tokenization. The XRP Ledger (XRPL) is cementing its place as one of the leading institutional DeFi platforms with the tokenized money...
Ohio proposed a state-managed Bitcoin fund to diversify and protect public funds from inflation.Texas and Pennsylvania are also pursuing Bitcoin reserves for financial stability and strategic investments. Ohio has taken a major move toward incorporating Bitcoin into its banking system, with Representative Derek Merrin recently drafting House Bill 703. Designed to create a state-managed Bitcoin...
El Salvador will make Bitcoin acceptance by merchants voluntary and limit public sector involvement in Bitcoin activities as part of a $1.4 billion loan agreement with the IMF.El Salvador’s rapport with the IMF soured following President Bukele’s decision to make Bitcoin a legal tender in September 2021 and later unveiling initiatives for the government to...
Hut 8 acquired 990 BTC, bringing its reserves to 10,096 BTC and cementing its position as a leading Bitcoin holder.The company actively diversifies its operations, expanding into AI and cloud computing through GPU-as-a-Service offerings. Hut 8, a top Bitcoin mining company, has made a large investment by purchasing 990 BTC at an average price of...
A recent video by BlackRock, the world’s largest asset management firm, has sparked renewed discussions about Bitcoin’s fixed supply and its implications for the market. Traditionally, Bitcoin’s fixed supply has been heralded by investors as a crucial feature that distinguishes it from fiat currencies, which can be printed at will by central banks. The discourse...
Bitcoin’s surge past $100,000 has created over 14,000 millionaires and 4 billionaires.A decade-long investment in Bitcoin vastly outperformed major stocks like Apple and Nvidia. A new study based on data analyzed by NFT Evening shows that Bitcoin has been outstanding in terms of creating wealth. As the cryptocurrency surged past $100,000 for a token, it...