European stocks closed broadly lower on Monday with investors choosing to wait for some crucial data, including U.S. Consumer and producer prices reports, and largely refraining from making significant moves. After February U.S. payroll figures exceeded expectations, investors now look ahead to the release of key U.S. consumer price inflation and producer price data this...
BlackRock, the world’s leading asset manager, announced on March 7 its decision to include spot Bitcoin exchange-traded funds (ETFs) in its popular Global Allocation Fund (MALOX) for retail investors. Its recent filing with the U.S. Securities and Exchange Commission (SEC) signaled BlackRock’s strategic shift toward cryptocurrency investments. BlackRock Global Allocation Fund Portfolio The asset manager’s...
K Bank, a South Korean neobank that has seen rapid growth thanks laregely to its crypto operations, is set to make an initial public offering (IPO) bid. Unnamed financial sector officials said on March 10 that K Bank’s board of directors has signed off on the move. The goal bank now reportedly has the “goal...
After swinging between gains and losses till about a couple of hours past noon, the Switzerland market ended modestly higher on Monday as several frontline stocks found support and held on to their gains. The benchmark SMI ended higher by 38.05 points or 0.33% at 11,685.19, the day\'s high. The index dropped to a low...
El Salvador – one of the smallest and most densely populated countries in Central America – may eventually become one of the wealthiest countries in the world because of its Bitcoin holdings. For context, the country became the world’s first nation to accept Bitcoin as legal tender in September 2021. Then, on November 16, 2022,...
Facing unprecedented market volatility and a significant reduction in reserves, BA Labs has proposed an emergency rate adjustment within the MakerDAO community forum. In an effort to address the immediate challenges posed by the current market conditions, BA Labs, a key member of the MakerDAO Stability Advisory Council, submitted a comprehensive proposal on March 9...
After weak start and a subsequent fall to lower levels, the Canadian market languished in negative territory till about an hour past noon on Monday, but recovered gradually to settle with a marginal gain. With some crucial data from the U.S., including consumer and producer price inflation, retail sales, and industrial production, due this week,...
Bitcoin has impressively rebounded, now trading at $69,258, a notable rise of over 2% in just 24 hours. This resurgence sparks renewed interest in Bitcoin price predictions, especially after its recent dip below the $60,000 mark. Investors and crypto enthusiasts are closely watching as the premier cryptocurrency showcases resilience, pushing its market cap to an...
China’s Shandong Province has introduced a digital yuan loan program for entrepreneurs, a step towards integrating digital currency in regional business practices. According to Beijing Business Today, Shandong’s capital city Jinan recently facilitated a digital yuan entrepreneurial guarantee loan in the province and launched the online system “Ji Dan – Entrepreneurial Loan” to streamline access...
J.P. Morgan believes Bitcoin spot ETFs likely won’t see much AUM growth in the long term based on valuations of the asset next to gold. Analysts led by Nikolaos Panigirtzoglou wrote that Bitcoin ETFs, when assessed as a substitute for gold and adjusted for volatility, have an implied “realistic size” of $62 billion over the...