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Futures subdued as caution prevails ahead of jobs data
(Reuters) – U.S. stock index futures were flat to marginally lower ahead of a series of economic data on Thursday as investors scoured for clues to determine the size of…
Polygon Completes MATIC to POL Upgrade
Polygon has officially upgraded from MATIC to POL as its network token, marking a significant milestone in its evolution. This community-driven upgrade, effective from September 4, 2024, transitions POL to…
Ethereum’s Plunge Could Be Over: This Key Pattern Signals A Rally Back To $4,000
Much like Bitcoin, Ethereum has faced significant challenges in recent months, struggling to sustain any major price rally. After reaching a peak of over $4,000 in March, Ethereum has been…
3 High-Yield Dividend Stocks to Buy Sooner Rather Than Later
Arguably the most important decision for investors to make is which stocks to buy. But when to buy them ranks pretty high on the list, too. Sometimes, it makes sense…
Know Everything About Escrow Smart Contract
In blockchain technology, Escrow Smart Contracts play a central role to support safe transactions between users. An escrow smart contract can be defined as a self-executing contract. It is responsible…
UAE to Boost Global South Growth Through BRICS Membership
The United Arab Emirates (UAE) is committed to supporting the economic development of the Global South through its membership in the BRICS group, according to Younis Haji Al Khoori, Under-Secretary…
Crypto lobbying surges 1,400% since 2017 as industry pushes for policy change
Lobbying efforts by crypto companies have skyrocketed by 1,386% since 2017, reflecting the industry’s aggressive push to shape favorable regulations. As crypto becomes more integrated into the financial system, the…
Stocks pause days of losses ahead of US jobs data: Markets Wrap
(Bloomberg) — Global equities steadied after days of declines as uncertainty over the health of the US economy and the pace of possible Federal Reserve interest rate cuts persist. Most…
Swiss Bank ZKB Partners With Crypto Finance to Launch Crypto Asset Brokerage
Zürcher Kantonalbank (ZKB), Switzerland’s largest cantonal bank, has partnered with Crypto Finance AG to offer crypto asset brokerage services. By partnering with Crypto Finance AG, ZKB gains access to an…
Sberbank to Join Russia’s Crypto Settlement Pilot This Fall, Executive Reveals
Sberbank, Russia’s largest financial institution, plans to join a cryptocurrency settlement pilot program this fall. The bank also aims to serve clients using digital rubles by 2025. Deputy Chairman Anatoly…
S&P 500 could see 5% earnings hit from Harris’ proposed tax reforms, says Goldman Sachs
(Reuters) – U.S. Vice President and Democratic presidential candidate Kamala Harris’ proposed corporate tax hike ahead of the November Presidential elections could lower earnings for companies on the benchmark S&P…
US Banking Regulator Calls for Stronger Oversight of Crypto Risks
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision…
Markets hit tentative pause on selloff
A look at the day ahead in European and global markets from Ankur Banerjee Markets hit the pause button after a selloff in equities since the start of the week…
Amid Criticism, Central Bank of Argentina Confirms Moving Gold Abroad
In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The…
Indexes end mixed as weak job openings fuel jitters ahead of August payroll report
Michael M. Santiago/Getty Images US stocks struggled Wednesday and ended mixed as investors took in lower-than-expected job openings. There were 7.67 million openings in July, the lowest number in over…
Stocks could see a 10% correction by early October on a trifecta of bearish factors, strategist says
Sidra Monreal Burshteyn/Comedy Wildlife Awards Renaissance Macro’s Jeff DeGraaf predicts a 10% stock market drop amid three bearish factors. Tech stocks may underperform after rate cuts, impacting market stability, according…
South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims…
FBI Warns of Sophisticated North Korean Cyber Attacks Targeting Crypto, Defi, ETFs
The FBI has issued a new warning about North Korea’s cyber campaigns targeting the cryptocurrency sector. The agency highlighted the use of sophisticated, hard-to-detect social engineering tactics to deploy malware…
China Urged to Establish Unified Crypto Regulations for Seized Digital Assets
A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to…
Crypto Trader Predicts Breakout Rally for FET, Updates Outlook on WIF and Two Additional Altcoins
A closely followed crypto strategist believes that rallies are in store for one artificial intelligence-focused altcoin. Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X…
Harris Calls for 28% Capital Gains Tax, Breaking With Biden
As she continues to fill in the details of her economic platform, Vice President Kamala Harris on Wednesday called for raising the capital gains tax to 28% for those earning…
Talk of a slowdown is way overblown
Dell Technologies (DELL) founder and CEO Michael Dell thinks talk of an AI spending letdown is way overblown. “There always are bumps in the road as you launch a rocket…
Why Tesla Stock Accelerated on Wednesday
Tesla (NASDAQ: TSLA) was Wednesday’s winner among S&P 500 index gainers, capturing the title with a more than 4% increase to its stock price on the day. There was little…
Arthur Hayes Predicts Bitcoin May Fall to $50K in Worst Case
Arthur Hayes has issued a stark warning for Bitcoin investors, suggesting that the cryptocurrency could fall to $50,000 in a worst-case scenario. In his latest article titled “Boom Times… Delayed,”…