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Global Stocks Advance as Tech Rally Continues: Markets Wrap
(Bloomberg) — Stocks rallied, tracking gains in Asian markets as a tech-fueled rebound spread globally. Most Read from Bloomberg Europe’s Stoxx 600 index jumped 1.2%, the most since mid-August, led…
Indian Police Investigate Cryptocurrency Fraud Targeting Ex-Servicemen
Three former servicemen in India have lodged a complaint with the Chandannagar police, Pune, accusing eight officials from a trading firm of defrauding them of over Rs. 79.81 lakh (approximately…
Analyst Forecasts Gold Prices to Reach $2,950 as American Investors Escape From AI and Stock Market Bubbles
Adam Hamilton, the founder of Zeal Intelligence, a financial consulting company, predicts that gold prices will rise as American investors turn to gold, fleeing from traditional stocks and the burst…
China Asks Its Carmakers to Keep Key EV Technology at Home
(Bloomberg) — China has strongly advised its carmakers to make sure advanced electric vehicle technology stays in the country, people familiar with the matter said, even as they build factories…
India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index
India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong…
Nvidia stock jumps as CEO Jensen Huang looks to address key investor concerns
AndreyKrav/iStock, Michael M. Santiago/Getty, Tyler Le/BI Nvidia stock surged 6% on Wednesday, helping fuel a tech-led rebound in the stock market. CEO Jensen Huang discussed the return on investment of…
UK Bill Recognizes Digital Assets as Personal Property Under New Law
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by…
Analysts Anticipate Altcoin Outperformance and Bullish Q4
Bitfinex’s analysts anticipate a potential shift in cryptocurrency market dynamics. With bitcoin’s dominance decreasing and altcoins showing resilience, they suggested that altcoins could outperform bitcoin in the coming months, especially…
‘Run It Back’ – Crypto Analyst Predicts Massive Rallies for Ethereum and Solana, Says October Will Be ‘Lit’
A widely followed crypto strategist believes sharp recoveries are in store for Ethereum (ETH) and its competitor Solana (SOL). Starting with the top smart contract protocol, pseudonymous analyst Kaleo tells…
Open Oracle Network DIA Launches Lumina to Bolster Web3 Data Infrastructure
DIA, an open oracle network, has launched a new oracle architecture called Lumina. The design aims to enhance trustless data infrastructure for Web3, offering improvements in scalability and decentralization. DIA…
Nvidia Soared Today Thanks to AI News — Is It Time to Buy the Stock?
Nvidia (NASDAQ: NVDA) stock posted big gains in Wednesday’s trading. The artificial intelligence (AI) leader’s share price closed out the daily session up 8%, according to data from S&P Global…
Nigerian Agency Gets Nod to Freeze $330,000 in Crypto Users’ Bank Accounts
A Nigerian anti-corruption agency froze bank accounts (over $330,000) belonging to suspected cryptocurrency users on global platforms like Kucoin and Bybit. The agency believes these users manipulated the Nigerian currency…
Why Bitcoin Retesting $57,000 Is Good For The Price
Este artículo también está disponible en español. Bitcoin (BTC) is finally making a comeback, with recent price spikes signaling a potential start of the long-awaited market bull run. As the…
Billionaires Are Buying Up This “Magnificent Seven” Stock Instead
With a market cap of over $3.3 trillion, Apple is the world’s largest public company. Yet, it’s time for investors to forget it. Well, not literally — just figuratively. That’s…
Nvidia CEO Says Chipmaker Is Seeing ‘Incredible’ Demand, Sending Stock Higher Wednesday
Annabelle Chih / Bloomberg / Getty Images Nvidia CEO Jensen Huang at COMPUTEX 2024, an industry trade show, in Taipei, Taiwan, on June 2, 2024 Key Takeaways Nvidia shares surged…
IBM to take $2.7 billion charge related to transfer of pension obligations
(Reuters) – IBM (IBM) said on Wednesday it expects a pre-tax charge of nearly $2.7 billion in the third quarter, related to a transaction involving the transfer of some of…
Cleanspark Expands Bitcoin Mining Operations by Acquiring 7 Tennessee Facilities
Cleanspark Inc. has unveiled plans to acquire seven bitcoin mining facilities in Knoxville, Tennessee. The $27.5 million deal is expected to boost the company’s current mining capacity by 5 exahash…
Nvidia CEO Says Customer Relations Are ‘Tense’ Due to Shortages
(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang, whose products have become the hottest commodity in the technology world, said that the scramble for a limited amount of supply…
Why Nvidia Stock Popped Today
Shares of Nvidia (NASDAQ: NVDA) were moving higher today on several news items, including a cooler-than-expected inflation report this morning, a well-received presentation at a Goldman Sachs conference this morning,…
Metaplanet Grows Bitcoin Holdings With $2.2 Million Acquisition
Metaplanet, a publicly listed Japanese company, has significantly boosted its Bitcoin holdings with a recent acquisition of 38.6 bitcoin for $2.2 million (¥300 million). This purchase increases their total bitcoin…
DFINITY president notes 500% YoY ICP compute growth
Dominic Williams, chief scientist at DFINITY Foundation, shared major upgrades implemented across the Internet Computer blockchain protocol. Williams shared an updated Internet Computer (ICP) deck detailing new developments on the…
Nasdaq, S&P 500 surge as Nvidia leads bounce back from post-CPI sell-off
After a hotter-than-expected inflation reading on Wednesday, markets have quickly moved to price in a higher likelihood that the Federal Reserve will opt for a small interest rate cut at…
HTX Freezes Over $80K in Stolen Assets: August Security Updates
PRESS RELEASE. User safety is always HTX’s top priority. The platform is dedicated to protecting user assets and has implemented regular security reports. HTX has previously released security reports for…
Crypto Reaches New All-Time High in Active Addresses Amid ‘Healthy Correction in Bull Market’: Jamie Coutts
Smart contract platforms have reached all-time highs in active addresses in the face of a price correction – a good sign for the asset class, according to analyst Jamie Coutts.…