As Bitcoin price dips to $68,380, shedding nearly 0.50% on Monday, market watchers eye pivotal movements and strategic investment shifts. Amidst this fluctuating landscape, BlackRock’s iShares Bitcoin ETF emerges as a dominant force, overshadowing MicroStrategy with a staggering 195,985 Bitcoin accumulation. This remarkable growth, fueled by institutional interest and strategic spot ETF introductions in the...
Eclipse Labs, a multilayered blockchain builder, has raised $50 million in funding to fuel the launch of its solution for scaling the Ethereum network. The announcement was made on March 11 via the X (formerly Twitter) handle, just weeks before the mainnet launch. Eclipse Labs’ Developer-First Focus Approach Eclipse Labs offers a flexible Layer-2 solution...
London’s most affluent residents are now paying their rental in cryptocurrencies, in most sought after locations in the city.crypto pay Knightsbridge Prime Property (KPP), a real estate company which specialises in the rental and sale of high-end luxury property in Central London, has completed a £45,000 a week rental transaction in Bitcoin. Announced Friday, the...
MicroStrategy’s billionaire executive chairman, founder and former CEO Michael Saylor has just sold $800 million in convertible senior notes to add to his company’s ~ $13 billion Bitcoin war chest. Saylor made the announcement in a tweet on his X profile. MicroStrategy Completes $800 Million Offering of Convertible Notes at 0.625% Coupon and 42.5% Conversion...
Crypto friendly American asset manager Ark Invest sees Bitcoin’s price hitting $1 million before 2030, according to CEO Cathie Wood in a recent interview with the New Zealand Herald. Hard-talking Bitcoin maxi Wood already eyed a projection of $1.5 million earlier this year in an interview with CNBC. At the time, Wood said a “bear...
The Singapore stock market turned lower again on Thursday, one day after ending the three-day losing streak in which it had slipped almost 35 points or 1.1 percent. The Straits Times Index now sits just beneath the 3,135-point plateau although it figures to bounce higher again on Friday. The global forecast for the Asian markets...
Japan posted a current account surplus of 438.2 billion yen in January, the Ministry of Finance said on Friday. That exceeded expectations for a deficit of 330 billion yen following the 744 billion yen surplus in December. Imports were down 12.1 percent on year to 8.783 trillion yen and exports gained an annual 7.6 percent...
-- Most Asian stocks fell on Monday, tracking a weak lead-in from Wall Street as anticipation of key U.S. inflation data kept markets on edge, while Japanese shares fell sharply amid growing conviction that the Bank of Japan will raise interest rates soon. Regional markets fell tracking a sharp decline in Wall Street on Friday,...
Overall bank lending in Japan was up 3.0 percent on year in February, the Bank of Japan said on Friday - coming in at 616.945 trillion yen. That was shy of expectations for an increase of 3.2 percent and down from 3.1 percent in January. Excluding trusts, lending climbed an annual 3.4 percent to 539.658...
-- Hong Kong shares of Dongfeng Group (HK:0489) fell sharply on Monday after the Chinese carmaker warned investors that it was likely to clock a loss for 2023 amid weakening vehicle sales and competition from electric vehicles. Dongfeng’s shares slid 11.2% to HK$3.02, hitting a near one-month low. They largely lagged the broader Hang Seng...