Sometimes the gods of finance deliver choreography that might make future historians chuckle. This week in America provided one such moment. On Tuesday, the special counsel Jack Smith announced a blistering new indictment against former US president Donald Trump for allegedly launching “an unprecedented assault on the seat of American democracy”. And on the very
admin
Bitcoin (BTC) dipped below $29,000 on Aug. 3 as market concerns over largest global exchange Binance reignited BTC price downside. BTC/USD 1-hour chart. Source: TradingView BTC price analysis “expects” support retest Data from Cointelegraph Markets Pro and TradingView showed BTC price action heading lower before a modest comeback into the Wall Street open. Rumors over
As it continues to grow, liquid staking brings considerable risks to the space and needs better decentralization, according to a report published by digital asset firm HashKey Capital. According to the report, the overall liquid staking derivatives (LSD) market has surged to more than $22 billion in total value locked in 2023. In addition, the
Amid growing uncertainty around Curve exposure for many decentralized finance protocols, Aave Chan founder Marc Zeller has proposed that Aave Treasury buy $2 million worth of CRV tokens in USDT from Curve Founder Michael Egorov. The proposal noted that the $2 million worth of Curve DAO Tokens (CRV) acquisition would send a strong signal of
Let’s get business out of the way before getting to the fun part: Meta, the parent company of WhatsApp, Facebook and Instagram, is heavily involved in virtual worlds through its metaverse unit, Reality Labs. However, its investments have yet to pay off, with the metaverse company reporting collective losses of over $40 billion. Despite the
Federal Reserve Bank of Richmond President Thomas Barkin said the greater-than-expected easing in inflation in June may be an indication that the U.S. economy can have a “soft landing,” returning to price stability without a damaging recession. “There is still a plausible story that inflation normalizes in short order and the economy dodges additional trauma,”
Ethereum gas consumption of nonfungible tokens (NFTs) has gone through significant drops since its highs in 2021. Marketplaces and NFT projects that occupied top spots in terms of gas consumption at the time have since shown a sharp decline in two years. Data shared by the on-chain analytics platform Glassnode shows that gas usage by
In this article QCOM Follow your favorite stocksCREATE FREE ACCOUNT Empty bottles of Moderna Covid-19 vaccine. Fred Tanneau | AFP | Getty Images Check out the companies making headlines before the market open. Qualcomm — The chipmaker slipped 8.5%. after it posted $1.87 in adjusted earnings per share on $8.44 billion in revenue for the
Stocks continued to slide on Thursday following Wall Street’s biggest one-day drop since April, as investors prepared for the latest rise in interest rates from the Bank of England. The Stoxx Europe 600 was down 0.6 per cent in early trade, on course for a third successive session of declines. The index has lost nearly
A senior European Central Bank policymaker has said it can achieve its objective of bringing down inflation by committing to keep interest rates stable for longer, rather than raising them and risk crashing the economy. Fabio Panetta, an ECB executive board member, said persistence in keeping rates at current levels “for an extended period” could
Moravec’s paradox, an observation much loved by technologists, suggests that robots do well what humans do badly and vice versa. So, for example, a computer can easily trounce the strongest human players at chess. But that same machine could not move the pieces on the board, a trivial task for a five-year-old child. A similar
The writer is author of ‘Black Wave’ Europe is helping to entrench Arab autocrats by asking them to stem the flow of refugees across the Mediterranean, with no regard for their governance or human rights record. They, in turn, are only too happy to pose as partners, claiming they alone can protect Europe’s southern border from
Pity the UK. Sure, inflation is slowing there as well, but from higher level and far more slowly than in most other countries. Here’s a Goldman Sachs chart showing just how much global price pressures have abated this year (and how its economists expect them to continue to ease): And here is 2023 broken down
Israel is set to introduce more regulated cryptocurrency opportunities, with the country’s only public stock exchange preparing to offer new crypto services. The Tel Aviv Stock Exchange (TASE) has signed an agreement with the digital asset platform Fireblocks to jointly offer a range of new digital asset products and services. Announcing the news on Aug.
Hong Kong is expanding cryptocurrency trading exposure to individual investors, with at least one exchange getting the regulatory green light to offer such services. Local digital asset firm HashKey has successfully obtained all necessary licensing to expand its business from serving professional investors to taking on retail users. HashKey’s new regulatory milestone has been enabled
Here’re five options strategies that every trader and investor should know. Depending on your trading style, you’re going to use these strategies or not. But you must know these strategies because you need to be more flexible during different market conditions. #optionstrategies #tradingoptions #optionsbutterflies #ironbutterflies #ironcondor 📝 Video Chapters 00:00 Introduction 01:30 Covered Calls 02:39
Crypto-spouting Twitter bots could be playing a much larger role in artificially inflating the price of altcoins than previously understood, a new study has suggested. Using a sample of various FTX-listed cryptocurrencies in a study published Aug. 2, the Network Contagion Research Institute (NCRI) said it analyzed over 3 million tweets posted between Jan. 1, 2019, to
Your browser does not support playing this file but you can still download the MP3 file to play locally. Donald Trump was indicted this week on charges related to his attempts to overturn the results of the 2020 presidential election. But the former president is also in the running for the 2024 presidential election and
Leo Varadkar has acknowledged that Ireland must better defend its waters from potential Russian sabotage, but denied claims that the country’s longstanding military neutrality meant it was freeloading off its strategic partners. Russian ships were spotted close to Ireland’s north-west and south-west coastline earlier this year, sparking fears they could be mapping and monitoring international
Britain’s semiconductor industry must focus on niche manufacturing and designs rather than seek to challenge international rivals in chipmaking, according to the UK’s tech minister, who admitted that “we are not going to recreate Taiwan in south Wales”. Paul Scully, who leads the government’s digital economy strategy, told the Financial Times that the UK will
When a memo landed in Goldman Sachs inboxes earlier this year announcing that Mike Koester was leaving the firm, there were audible gasps at the bank’s headquarters in lower Manhattan. The departure of the 25-year Goldman veteran, co-president of the group’s alternative investments business, stunned staff, with one employee describing Koester as a “beloved” figure