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FxWirePro- BTCUSD Daily Outlook

Aug 28, 2024 12:58 pm UTC| Technicals Digital Currency

BTCUSD lost its shine on weak market sentiment. It hit a low of $58090 andis currently trading ataround $60101. The BTC ETF saw an outflow of $127 million for first time in 8 days. Ark investment saw the biggest outflow...

Digital Currency Revolution

Fed’s 'Sugar High' May Fuel Bitcoin Surge, Arthur Hayes Forecasts Major Upswing

Aug 28, 2024 11:39 am UTC| Digital Currency Technology Business

Arthur Hayes, BitMEX co-founder, has warned that the Federal Reserves current economic strategies, likened to a sugar high, could lead to a substantial increase in Bitcoins value, influencing broader cryptocurrency...

Digital Currency Revolution

Binance Faces Backlash Over Alleged Crypto Seizure from Palestinians, Co-Founder Denies Claims

Aug 28, 2024 11:12 am UTC| Digital Currency Technology Business

Binance co-founder Yi He has strongly denied claims that the crypto exchange seized assets from Palestinians, stating that only accounts linked to illicit funds were blocked in compliance with anti-money laundering...

FxWirePro- XRPUSD Daily Outlook

Aug 28, 2024 11:01 am UTC| Technicals Digital Currency

Ripplepared most of its gains yesterday on overall crypto market weakness. It hit a low of $0.5535 and is currently trading around $0.5781. XRP whales accumulated over $50 million XRP within 24 hours between Aug 26...

Digital Currency Revolution

Bitwise Acquires $120M in Bitcoin Assets from Osprey Bitcoin Trust for ETF Growth

Aug 28, 2024 10:11 am UTC| Digital Currency Technology Business

Bitwise Asset Management has announced the acquisition of the Osprey Bitcoin Trusts $120 million assets, marking a significant expansion of its Bitcoin ETF holdings. Bitwise Acquires Ospreys $120M Assets The Bitwise...

Digital Currency Revolution

Bitcoin Investors Maintain $10B Holdings Despite Price Slipping Below $60K

Aug 28, 2024 09:25 am UTC| Digital Currency Technology Business

Long-term Bitcoin holders have accumulated over $10 billion, even as the cryptocurrencys price has fallen below $60,000, indicating a cautious stance in the market. Bitcoin Holders Reach $10B Mark An analyst claims...

Digital Currency Revolution

TON Blockchain Overcomes DOGS-Induced Outage, Restores Online Block Production

Aug 28, 2024 08:25 am UTC| Digital Currency Technology Business

The TON blockchain has returned online after an outage caused by the DOGS memecoin airdrop, with block production resuming early on August 28. TON Back Online After Outage The blockchain that is part of the Telegram...

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Economy

Hong Kong Unveils First Five-Year Plan to Boost Finance, Tech and Housing

Hong Kong Chief Executive John Lee unveiled the citys first five-year development plan on Wednesday, outlining measures to strengthen its status as a global financial hub, improve residents livelihoods and deepen...

Oil Prices Fall as U.S. Crude Inventories Rise, Middle East Risks Persist

Oil prices declined on Wednesday after industry data showed an unexpected increase in U.S. crude inventories, offsetting concerns over worsening Middle East supply disruptions and Saudi Arabias suspension of loadings at a...

Gold Prices Slip as Fed Rate Hike Looms, Treasury Yields Rise

Gold prices edged lower on Wednesday as rising U.S. Treasury yields, elevated oil prices and expectations of a Federal Reserve interest rate hike weighed on precious metals. Spot gold fell 0.3% to $4,281.93 an ounce at...

Asian Stocks Rise as Investors Brace for Fed Rate Decision

Asian stocks moved higher on Wednesday as investors cautiously positioned ahead of the Federal Reserves interest-rate decision, with gains in Japan and South Korea helping regional markets rebound from recent weakness. The...

China’s Slower Loan Growth Becomes ‘New Normal’ as Credit Demand Weakens

Chinas slowing loan growth is likely to become a lasting feature of its economy as weakness in the property sector and local government financing reduces demand for credit, Peoples Bank of China Governor Pan Gongsheng...

Politics

Nvidia CEO Jensen Huang Expected at Trump-Xi State Dinner

Nvidia CEO Jensen Huang is expected to attend a state dinner hosted by U.S. President Donald Trump for Chinese President Xi Jinping next week, placing one of the technology industrys most prominent executives at the center...

Global Poll Shows Rising Trust in Institutions as US-China Leadership Support Falls

A new global survey shows growing support for international cooperation and stronger trust in global institutions, even as respondents express skepticism about leadership from the United States and China. The Rockefeller...

Ukraine Races to Counter Russia’s Faster Jet-Powered Drones

Ukraine is scrambling to develop new air-defense weapons as Russia dramatically expands its use of fast, jet-powered attack drones that are proving difficult for existing interceptor systems to defeat. A Ukrainian military...

What is Zionism? The different meanings of a contested term

Haverford, a small liberal arts college in Pennsylvania, has become the latest U.S. school to settle a lawsuit over how it handled allegations of antisemitism. In a statement on Aug. 7, 2026, its president, Wendy Raymond,...

Lula, Flavio Bolsonaro Deadlocked in Brazil Election Polls

Brazilian President Luiz Inacio Lula da Silva and right-wing Senator Flavio Bolsonaro are locked in a statistical tie in potential runoff matchups ahead of Brazils presidential election next month, according to two polls...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Meta CEO Zuckerberg Backs Independent AI Safety Reviews Over Development Slowdown

Meta CEO Mark Zuckerberg has argued that artificial intelligence companies should prioritize independent safety evaluations and stronger alignment rather than slowing the pace of AI development. Zuckerberg said AI...

Rosenblatt Starts Nokia at Buy on AI Networking Growth

Rosenblatt initiated coverage of Nokia with a Buy rating and a $15 price target, citing the companys growing exposure to artificial intelligence infrastructure and strong position in optical networking. Analyst Mike...

MediaTek Unveils 2nm Dimensity 9600 Pro AI Chip

Taiwans MediaTek has unveiled its latest flagship smartphone processors, including its first chip manufactured with TSMCs advanced 2-nanometre technology, as the company pushes deeper into premium handsets and on-device...

Qualcomm Gains on $60B Amazon AI Chip Deal

Qualcomm (NASDAQ: QCOM) has emerged as one of the strongest performers in Investing.coms AI-powered Strategies portfolio after securing a major artificial intelligence infrastructure partnership with Amazon Web Services....

Cathie Wood Backs AI Slowdown as Safety Concerns Grow

ARK Investment Management founder Cathie Wood has welcomed calls from leading artificial intelligence executives to slow the rapid advancement of AI technology, arguing that greater scrutiny could help protect the industry...