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...
Federal officials are transfering former FTX CEO Sam Bankman-Fried to a new prison in California. According to a recent report by The Wall Street Journal, Bankman-Fried’s spokesperson confirmed the move but did not provide the specific destination. People familiar with the matter stated that Bankman-Fried would likely be moved to a federal correctional facility in...
Asian stocks ended Thursday\'s session mixed as rate worries lingered and China announced immediate military drills around Taiwan, marking a concerning escalation in the tensions between Taiwan and China, which has long claimed sovereignty over the island. Hawkish minutes from the Federal Reserve\'s last policy meeting boosted the dollar, which hovered near a one-week high...