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Lithium miner Arcadium confirms Rio Tinto takeover approach
(Reuters) -Rio Tinto, has made an approach to buy lithium miner Arcadium, the two parties said in separate statements on Monday, without revealing any financial details. “The approach is non-binding…
Discovering the Creator-Driven World of Nifty Island
In the latest episode of Regina’s Web3 Gaming Odyssey, she dives headfirst into Nifty Island—a metaverse brimming with customizable islands, NFT integration, and social interaction. Last week’s quick recap Last…
JPMorgan’s strategy chief on why investors should dial back risk amid market distortions
David Kelly, chief global strategist, JPMorgan Asset ManagementJPMorgan Asset Management Indexes have soared on strong economic data and a big rate cut from the Fed. Yet, as markets eye a…
Kraken Launches Regulated Derivatives Platform in Bermuda
Cryptocurrency exchange Kraken has launched a new regulated derivatives trading platform in Bermuda after obtaining a Class F Digital Business License from the Bermuda Monetary Authority. This platform offers over…
Academic paper suggests governments should attack public blockchains
An academic paper titled: “Reconciliation of Anti-Money Laundering Instruments and European Data Protection Requirements in Permissionless Blockchain Spaces” published in the Journal of Cybersecurity suggests that governments should target cryptocurrencies…
US Targets Lazarus Group and APT38 in $879M Crypto Forfeiture Complaint
Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously confiscated bitcoin (BTC) and tether (USDT), alleging that these funds were snatched by…
Bond Traders Buckle Up for ‘No Landing’ After Jobs Surprise
(Bloomberg) — The “no landing” scenario – a situation where the US economy keeps growing, inflation reignites and the Federal Reserve has little room to cut interest rates – had…
The hiring rate trending lower could be a sign of problems to come
A version of this post first appeared on TKer.co The stock market climbed to all-time highs, with the S&P 500 setting a closing high of 5,762.48 on Monday. For the…
Blake3 Now Most Profitable PoW Algorithm for Crypto Miners, KAS Slips in Rankings
In July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, used by the kaspa (KAS) crypto asset, held the top spot for profitability among consensus algorithms. Fast forward to today, and…
UAE exempts cryptocurrency transfers from value-added tax
The UAE, particularly through its Dubai and Abu Dhabi financial hubs, continues to introduce initiatives and regulatory frameworks to attract crypto companies and investors. Consider the latest update: The UAE…
Funds Lost in Crypto Hacks Witnessing Downtrend As Industry Adopts Stronger Security Measures, Says Binance
Crypto exchange Binance says that the amount of digital assets lost in hacks this year is significantly lower than the figures seen in previous years. In its Monthly Market Insights…
Down from the Peaks: Bitcoin Nears Record High While Altcoins Face Uphill Battle
As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin (BTC) is holding strong at just over $62,000, although…
Bitcoin Transfer Volumes Soar in 2024, Set to Break 2023’s Record in 2 Weeks
According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the end of April, with the second-highest transaction…
Oil stocks have more room to run as tension in the Middle East escalates
Oil may get another run as liquid gold. Crude (CL=F) futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the…
‘This is Wrong … You’re Not Going to Be a Millionaire’
Family and money don’t always mix well, as Dave Ramsey made clear when Philip from Washington, D.C., called in with a tough situation. Two years earlier, Philip’s mother borrowed $7,000…
3 High-Yield Dividend Stocks That Are Screaming Buys Right Now
The Federal Reserve’s pivot to lower interest rates will have ripple effects throughout the economy and send investors looking for passive income to new places. As yields fall in vehicles…
A GE spinoff’s stock is surging as it positions itself as the ‘supermarket’ for AI energy demand
The massive demand for energy as Big Tech races to build its AI infrastructure has been a tailwind for GE Vernova (GEV), the power equipment maker that spun out of…
Lego’s Website Hacked to Promote ‘Lego Coin’ Crypto Scam
Lego’s website was hacked to display an unauthorized cryptocurrency ad promoting a fake “Lego coin.” The ad encouraged site visitors to purchase the fake crypto, promising them secret rewards and…
S&P’s $8 Trillion Rally Will Be Tested by Tricky Earnings Season
(Bloomberg) — Traders are staring down a series of risks after the stock market’s torrid start to the year, from economic fear, to interest rate uncertainty, to election angst. But…
China Stock Skepticism Gets Louder as World-Beating Run Extends
(Bloomberg) — The world-beating rally in Chinese stocks is failing to convince many global fund managers and strategists. Most Read from Bloomberg Invesco Ltd., JPMorgan Asset Management, HSBC Global Private…
Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review
Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new…
Weekly NFT sales rise to $85.9m, Ethereum network leads the pack
The non-fungible token market has undergone a 10.10% surge in sales volume in the last seven days. The present data acquired from Cryptoslam shows that NFT sales volume surged in the last…
2 Stocks That Will Be Worth More Than Nvidia 5 Years From Now
Nvidia achieved a $3 trillion market cap earlier this year, an impressive achievement considering that it was approximately one-tenth that size two years ago. The advent of generative artificial intelligence…
3 Top Energy Stocks to Buy in October
With October now underway, there isn’t one single way to play the energy sector, but that’s not new. There have always been different tactics for investing in this volatile niche…