Australias gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday. That missed expectations for an increase of 0.5 percent, although it was up from 0.2 percent in the previous three months. On an annualized basis, GDO was up 0.8...
The services sector in Japan moved back into expansion territory in November, the latest survey from Jibun Bank revealed on Tuesday with a service PMI score of 50.5. Thats up from 49.7 in October, and it moves back above the boom-or-bust line of 50 that separates expansion from contraction. Japanese service providers registered a modest...
The private sector in Hong Kong continued to expand in November, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a PMI score of 51.2. Thats down from 52.2 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Business activity growth was...
Gemini chooses Malta as its MiCA hub, strengthening compliance and innovation in Europe’s crypto sector.New Canadian regulations prompt Gemini to exit the market, closing accounts by December 31, 2024. Gemini has chosen Malta as its European operating hub. This move was made to comply with the Markets in Crypto-Assets (MiCA) framework, which governs the European...
Bitcoin is expected to stage a historic run to an unprecedented level once it makes a decisive surge above the $106k resistance level. Another analyst also estimates Bitcoin to decline to $92k, predicting the excitement around the US presidential inauguration to fade. Bitcoin’s (BTC) dominance increases to 57.42% after significantly surging to reach a daily high...
Utah proposes a bill to invest up to 10% of state funds in Bitcoin and stablecoins.The legislation includes provisions for staking, lending, and protecting self-custody rights. Utah is proposing a groundbreaking proposal to add cryptocurrency to its state investment approach. The “Blockchain and Digital Innovation Amendments” bill created by state representative Jordan Teuscher gives the...
Larry Fink predicts Bitcoin could reach $700,000, emphasizing its role as a hedge against economic instability and currency debasement.BlackRock’s crypto ETFs reflect the growing acceptance of Bitcoin and Ethereum within traditional finance, marking a shift in institutional sentiment. In a recent discussion at the World Economic Forum in Davos, BlackRock CEO Larry Fink shared his...
A groundbreaking collaboration between Chainlink and BOB Network has been sealed to significantly improve the capability of the latter while expanding its reach. According to BOB, Chainlink’s CCIP was chosen due to its provision of battle-tested features, including Programmable Token Transfers and Arbitrary Messaging. BOB Network has announced a strategic partnership with Chainlink (LINK) to integrate...
Goldman Sachs’ CEO labels Bitcoin as a speculative asset and claims Bitcoin’s growth cannot threaten the US Dollar dominance. Meanwhile, Goldman Sachs holds $718 million in eight crypto ETFs, according to a document filed with the US Securities and Exchange Commission (SEC). Goldman Sachs’ Chief Executive Officer (CEO) reiterated his long-standing position on Bitcoin and claims...
JAKARTA. Foreign investors began to mass-collect several stocks of companies from various sectors, from energy to property, earlier this week (2/12). According to IDNFinancials data, PT Astrindo Nusantara Infrastruktur Tbk (BIPI) arrived at the first place of Top 5 Foreign Net Buy. Foreign investors were seen colleting these shares, recording foreign net buy of 278.92...