Bitcoin’s Rise To $41K Spurs Analysts To Tout 10% Returns Through Market-Neutral Bets
Published by Benzinga The leading cryptocurrency, Bitcoin (CRYPTO: BTC), has surpassed the $41,000 mark for the first time since April 2022. The surge has led analysts to forecast a potential 10% return on market-neutral bets. What Happened: The basis trade,…
US Sees Deflation For First Time In Three Years, Paving Way For Fed’s 2% Inflation Target
Published by Benzinga The U.S. is experiencing deflation for the first time in three years. This trend is primarily observed in goods such as appliances, furniture, and used cars. What Happened: Industry experts predict that the prices of these goods…
Bitcoin Has Potential To ‘Significantly Reshape’ Cyber Warfare, Says US Space Force Major
Published by Benzinga United States Space Force Major Jason Lowery has penned a four-page letter to the U.S. Defense Innovation Board, which states that proof-of-work technologies like Bitcoin (CRYPTO: BTC) have the “potential to significantly reshape our understanding of warfare…
Robert Kiyosaki Slams Biden As ‘Worst And Weakest’ President Ever, Urges Followers To Fight Back By Buying Bitcoin, Gold
Published by Benzinga Robert Kiyosaki, the acclaimed author of “Rich Dad Poor Dad, “has lambasted President Joe Biden while encouraging the purchase of Bitcoin (CRYPTO: BTC), Gold, and Silver. This comes as Gold prices surge and Bitcoin surpasses the $40,000…
Former Fed Economist Tells Investors To Resist Impulsive Moves In Face Of Inflation And Job Data: ‘It Might Not Be Real’
Published by Benzinga Recent concerns have arisen about the reliability of market-moving statistics such as inflation and job data. The reported figures, it seems, might not accurately reflect the economic reality. What Happened: Former Fed economist Claudia Sahm expressed concern…
Dollar on shaky ground as Fed rate cut bets strengthen
Published by Reuters UK By Brigid Riley TOKYO (Reuters) – The dollar started the week on a shaky footing on Monday as markets took stock of cautious remarks from Federal Reserve Chair Jerome Powell as they waited on a key…
Bitcoin hits $40,000 level for the first time this year
Published by Reuters UK (Reuters) – Bitcoin hit $40,085 on Sunday, its highest in almost a year and a half, fuelled by bets that U.S. regulators will soon approve stock-market traded bitcoin funds. Bitcoin was up 1.55% at 2234 GMT,…
Coinbase Mining Stocks Rise Significantly, Bitcoin Hits Year-to-date Highest Price | 2nd Financial Tankan
12/2 (Saturday) morning market trends (compared to the previous day) Traditional finance US stocks continue to grow NY Dow: 36,245 +0.8% Nasdaq: 14,305 +0.5% Nikkei average: 33,431 -0.17% USD/JPY: 146.7 -0.9% Gold futures: 2,073 +1.7% NVIDIA: $467.6 -0.011% Tesla: $238.8…
Ark sells $4.7 million worth of Coinbase stock | CoinDesk JAPAN
Cathie Wood’s investment management firm ARK Invest sold Coinbase stock for the third time this week, selling for about $4.7 million at the Nov. 30 closing price. 37,377 shares worth 1 billion yen (exchanged at 1 dollar = 150 yen)…
Circle Inc., issuer of virtual currency USDC, says it has no involvement in terrorist financing, writes letter to lawmakers
Denies CfA’s claims Circle, Inc., which provides the US dollar stablecoin USDC, submitted an open letter to Senator Sherrod Brown and others. He denies any involvement in financing the Islamic organization Hamas or with Justin Sun, the founder of the…