Analysts see Bitcoin at $100,000 soon
May 8, 2025
UK’s Financial Conduct Authority Bans Binance Markets Ltd
The Financial Conduct Authority has ordered Binance Markets Ltd. to stop operations in the United Kingdom amid a global crackdown on the crypto space, Bloomberg reported. The FCA gave Binance...
Read moreNike’s Revenues Jump 96% YoY in Fourth Quarter on Robust Shipments
Higher wholesale shipments due to Covid-19 related retail closures helped Nike’s revenues to jump 96% year over year in Q4 2021, according to the company’s press release. Overall revenues in...
Read moreJP Morgan Says Grayscale Trust’s Share Sales Can Fuel Additional Bitcoin Decline
The expected sale of shares in the influential Bitcoin Fund will increase pressure on the global top cryptocurrency, according to a report released by Bloomberg on Thursday. In the last...
Read moreGoogle Partners with Billionaire Ambani to Introduce Low-Cost Smartphone in India
Reliance Industries’ billionaire Mukesh Ambani and Google have unveiled a budget smartphone for the larger Indian market, according to Bloomberg. JioPhone, targets millions of first-time users in India. The “built...
Read moreWarren Buffett Announces His Resignation from Gates Foundation
Warren Buffett has resigned from his board position at the Bill and Melinda Gates Foundation, according to Axios. The philanthropy, which is second-biggest globally, shall now be governed by two...
Read moreBTC Gains After a Below $30,000 Decline Following a Series of Negative News
Bitcoin declined to the lowest in the year to below $30,000 but gained almost 8% to trade at more than $34,000. Bitcoin's small competitors rose, Ethereum 6% to $2,014 and...
Read moreGoldman Sachs Joins JPMorgan’s Repo Blockchain Platform
Multinational investment bank Goldman Sachs Group Inc. has started trading on JPMorgan Chase & Co.'s repurchase blockchain network, Bloomberg reported. Goldman Digital Assets Global Head Mathew McDermott said the first...
Read moreJapan Manufacturing Growth Slows to Four-Month Low
Japan manufacturing slipped in June due to a steep decline in output, IHS Markit reported Wednesday. Jibun Bank Japan Manufacturing Purchasing Managers' Index dropped to 51.5 in June from 53.0...
Read moreFed’s Reduced Support Towards Economy Could Plunge Stock Indices
Moody’s economist Mark Zandi, has expressed concerns that Fed’s reduced support towards the U.S. economy could plunge the country’s stocks by 20%, according to Business Insider. According to Mr. Zandi,...
Read moreBitcoin Tumbles Over 10% Below $30000 as China Ramps Up Pressure
Bitcoin continues to struggle as China’s central bank reinstated their commitment on cracking down on cryptocurrencies and banning trading channels for Chinese citizens. Bitcoin sell-off persisted as the Bank of...
Read moreTesla to Woo New Talent Through ‘AI Day’
Tesla Inc. is set to hold an AI Day by next month in a bid to entice talent to join the company, Electrek reported. Chief Executive Officer Elon Musk took...
Read moreEight Banks Cleared to Participate in EU Bond Sales: EU Commission
Eight banks, which were not allowed to sell syndicated debt sales, got the greenlight to take part in future bond issues, according to a report by Reuters on Friday. JP...
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