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Cryptocurrencies

“Should You Buy Shiba Inu While It’s Still Below One Cent?”

“Even though the Shiba Inu (CRYPTO: SHIB) token is down roughly 88% from its all-time high, the cryptocurrency is still up massively. The popular meme coin gained 18,600,000% from its low shortly after its launch in 2020. With Shiba Inu currently trading at roughly $0.00001… Continue Reading…

Cryptocurrencies

“These are the boldest bitcoin predictions for 2024 — one calls for a 1,000% rally to $500,000”

“Bitcoin had a huge rally in 2023, with the digital currency up some 152% for the year… With fervor returning to the crypto markets, industry executives are calling the start of a new bull run, mainly predicated on two things — the… Continue Reading…

Cryptocurrencies

“Crypto Firm Phoenix Hits $3.3 Billion Value in Abu Dhabi Debut”

“Cryptocurrency mining hardware retailer Phoenix Group Plc jumped 35% on its Abu Dhabi debut, as the first crypto-related listing in the Middle East surged amid a rally in Bitcoin. That gave the six-year-old company a market capitalization of 12.3 billion… Continue Reading…

Banking, Economy

“Chinese, Saudi Central Banks Sign Currency Swap Worth $7 Billion”

“China and Saudi Arabia have signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries across the Middle East look to shift more of their non-oil trade away from the dollar. The two countries’ central banks… Continue Reading…

Cryptocurrencies

“Bitcoin surged above $35,000 to highest level since 2022”

“Bitcoin (BTC-USD) surged above $35,000 in its largest single-day jump in 13 months, fueled by optimism that regulatory approval of the first spot bitcoin exchange-traded fund is nearing… The stocks of digital asset companies also pushed higher. Coinbase (COIN), the… Continue Reading…

Cryptocurrencies

“Cryptocurrency Altcoin Crash Is Coming: Matrixport”

“At least $3.4 billion worth of crypto is likely to be sold by FTX so it can return fiat currency to its users instead of tokens, which should create an overhang for altcoins for the rest of the year, Matrixport… Continue Reading…

Business

“SingTel Q1 profit slumps 23% on unfavourable currency move, high costs”

“Singapore Telecommunications reported on Monday a 23% decline in first-quarter net profit, citing the one-off impact at Bharti Airtel in Nigeria as the naira depreciated sharply against the U.S. dollar, as well as high costs. Singapore Telecommunications (SingTel), Southeast Asia’s… Continue Reading…

Business, Cryptocurrencies

“BlackRock Vows To Democratize Crypto Opportunities”

“BlackRock Inc. Co-Founder and CEO Larry Fink wants to “democratize” Bitcoin through a spot trading Bitcoin exchange-traded fund (ETF)… “We believe we have a responsibility to democratize investing. We’ve done a great job, and the role of ETFs in the world… Continue Reading…

Cryptocurrencies

“Bitcoin Jumps on Speculation BlackRock ‘May Know Something’”

“BlackRock Inc.’s surprise filing for a US spot Bitcoin exchange-traded fund last week has led to a flurry of similar applications from rival issuers and speculation that the asset manager has key insights that will lead to approval of its… Continue Reading…

Economy

“Yuan Slides Past Seven in New Warning Sign for China’s Economy”

“The yuan slid past the key level of 7 per dollar for the first time this year in a further sign the recovery of the world’s second-largest economy from its Covid restrictions is grinding to a halt. The currency weakened… Continue Reading…