Bitcoin’s Unstoppable Hashrate Skyrockets – Revolutionizing Crypto Landscape!
The Bitcoin (BTC) network has been growing stronger and more resilient as its hashrate keeps climbing to new heights. Recently, it reached a record of 440.71 exahashes per second (EH/s), according to data from BTC.com. The fact that it is now approaching half a terahash is indicative of the cryptocurrency’s relentless expansion and widely perceived […]
“Will 2024 Buyback Plan Boost Treasury-Market Liquidity? Jefferies Says Don’t Count on It!”
The U.S. Treasury’s plan for a 2024 regular buyback program is designed to help support liquidity in the government-debt market; however, it has been met with doubts by investment bank Jefferies Group. Since buybacks were first introduced in late 2022, Jefferies has consistently expressed skepticism that the program would have benefits that outweigh the costs […]
WTI Nears 6-Week Low, Dances with Sub-$70 Zone: Oil Market Feels the Heat
West Texas Intermediate (WTI) crude oil prices have plunged to their lowest levels since March, slipping below the critical psychological barrier of $70 per barrel amid a broader sell-off in global markets. The ongoing fall in oil prices has raised concerns among analysts and investors that the potential supply-demand imbalance could further aggravate existing vulnerabilities […]
Breaking: Thousands of Accounts Blocked Unnecessarily, Get the Full Story Here
Binance, the world’s largest cryptocurrency trading platform, has faced public scrutiny and pressure from politicians and regulators around the world. One of the most controversial allegations against the company is that it serviced traders and firms in Iran for years, despite U.S. sanctions that prohibit such activities. It now appears that Binance might have gone […]
US Stocks Begin Climbing as Markets Anticipate Exciting Fed Policy Decision
US stocks opened modestly higher on Wednesday as investors awaited the outcome of the Federal Reserve’s policy meeting. The Dow Jones Industrial Average (DJIA) was up 0.2% shortly after the opening bell, while the S&P 500 (SPX) rose 0.1% and the Nasdaq Composite (COMP) gained 0.1%, according to FactSet data. The Federal Reserve’s announcement on […]
“Uptrend Breakthrough: Index Soars Beyond 4195/4220, Promises Exciting Extension – SocGen Reveals!”
The S&P 500 is currently testing the upper limit of its base near 4195/4220, and economists at Société Générale believe that the uptrend will likely extend beyond this point. The S&P 500 is one of the most important equity indices in the world, representing the performance of 500 major US-based publicly-traded companies. As such, the […]
Discover Flare API Portal’s Blockchain Revolution: Now on Google Cloud Marketplace!
Flare, a Layer 1 blockchain that offers decentralized access to high-integrity data from other chains and the internet, has now integrated its API Portal on Google Cloud’s Marketplace. This move signals the introduction of some of the first blockchain APIs to become available on the platform. As a result, developers using Google Cloud Marketplace will […]
“Spirit AeroSystems: Stocks Dip as Losses Widen, Quality Glitch Threatens Boeing 737 Fittings”
Shares of Spirit AeroSystems Holdings Inc. plunged 4.5% in premarket trading on Wednesday after the aerospace manufacturer reported significantly larger losses than expected and lower revenues. The company blamed these poor results on a quality issue pertaining to components used in Boeing’s 737 planes. In Q4 2021, the net losses increased to $281.2 million, equating […]
SocGen: Watch Out for Strong Support at 135.20/134.60 Zone in Market Pullback
The USD/JPY pair has seen its retracement extend below 136, however, economists at Société Générale expect the pair to find solid support at the 135.20/134.60 zone. The pair has recently been challenging the 200-DMA and is close to the graphical resistance of 138, representing December/March peaks. This hurdle must be overcome to affirm a larger […]
VeChain Soars as Official Partner of Italy’s Internazionali BNL d’Italia Tennis Event
Blockchain platform VeChain has announced a multi-year partnership with the Internazionali BNL d’Italia (IBI), an Italian tennis tournament. The partnership will see phygital trophies introduced for the first time in ATP history at the IBI 2023 event in Rome, which runs from May 8 to May 21. Phygital refers to the process of assigning digital […]