The main indexes rallied hard to end the week thanks to Apple's $110 billion stock repurchase plan and a big April payrolls miss.
The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market. ‘First Court Outcome’ Against Crypto Payment Facility The Federal Court of Australia has found that BPS Financial […]
Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk of liquidation for some spot exchange-traded fund (ETF) positions, emphasizing that over half of […]
On Friday, April 26, Acinq announced that its Lightning Network bitcoin wallet, Phoenix, will cease services for U.S. residents from May 3, 2024. This announcement followed closely on the heels of the Samourai Wallet indictment and what is perceived as a targeted U.S. government effort against financial privacy and non-custodial solutions. Lightning Network Platform Phoenix […]
Big tech sold off in late hours after Meta Platforms Inc.’s disappointing outlook raised concern on whether the artificial-intelligence euphoria that has powered the bull market has run too far.
HK crypto-spot ETF market launches coincided with US BTC-spot ETF outflows for the fifth day as investors considered the looming FOMC press conference.
The Financial Times (FT) and OpenAI has announced a partnership today. This collaboration is meant to use AI to improve news consumption experiences and content creation. This comes after NYT’s lawsuit said that OpenAI’s unlawful model training costs The New York Times “billions.” What does the deal consist of? How is it good for both […]
A University of Edinburgh academic moved halfway across the world for a ‘dream job’ before her life was turned upside down by two cancer diagnoses. Bronwyn Sumption, 31, swapped South Africa for the Capital in 2022 along with her partner Erika van den Heever after she was offered a post as a teaching fellow in international sport development. The big move was going well until she was diagnosed with a rare form of blood cancer in May 2023, and went through several gruelling rounds of chemotherapy...
Financial Perspectives Inc bought a new stake in shares of Vanguard Extended Market ETF (NYSEARCA:VXF – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 363 shares of the company’s stock, valued at approximately $60,000. A number of other […]
As cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency Wealth Adds ‘Meaningful Implications for the Real Economy’ The study, first reported on by Bloomberg, analyzes bank and credit card data from […]
Egon von Greyerz, a former banker and gold analyst, claims that gold and silver are set for a price rally amidst an upcoming collapse of the U.S. financial system. Von Greyerz states that interest rates will exceed 10% in a hyperinflationary environment, fueled by the issuance of unlimited debt and the loss of trust in […]