Dollar heads for strongest week since July, yen on back foot
Published by Reuters UK By Ankur Banerjee SINGAPORE (Reuters) -The dollar was steady on Friday, heading for its strongest weekly performance since July on scaled back expectations of steep and early interest rate cuts this year ahead of closely watched…
Former Morgan Stanley CEO James Gorman Says Bitcoin Is Not A ‘Fad’: ‘I Just Don’t Think It’s A Core Investment’
Published by Benzinga The former CEO of Morgan Stanley, James Gorman, recently shared his perspective on Bitcoin (CRYPTO: BTC), the banking sector and the economic landscape. What Happened: After a 14-year stint as Morgan Stanley’s CEO, which ended on New…
Bitcoin Bounces Back — Dogecoin, Ethereum Rise As Spot ETF Hopes Get Revived: Analyst Predicts Eventual Rebound To $57K For King Crypto
Published by Benzinga Bitcoin rebounded over the $44,000 level on Thursday after the cryptocurrency valuations plummeted a day earlier. The global cryptocurrency market cap rose nearly 1% to $1.66 trillion at the time of publishing. Filings by Grayscale and VanEck…
Analysts Favor Solana, Ethereum’s Supply Dynamics; Call Bitcoin ‘Godzilla Of Finance’: Messari Report
Published by Benzinga Bankruptcies, lawsuits, wins for the SEC, losses for crypto operators, bad actors and the spot Bitcoin ETF approval: the crypto space in 2023 was an eventful and remarkable year. In its latest report, Messari highlighted crypto and…
Bitcoin ETF Hurdles: Cash Redemptions, Hard Forks, Authorized Participant Disclosure Discussions With SEC
Published by Benzinga Even as firms seeking approval for a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) held several rounds of meetings with the U.S. Securities and Exchange Commission (SEC), the discussions have revolved around the model of redemption, hard…
Visa’s Web3 Play: A New Era For Customer Engagement?
Published by Benzinga Payments giant Visa Inc (NYSE: V) Thursday announced the launch of its Web3 Loyalty Engagement Solution, a pioneering service designed to transform customer engagement and loyalty in the digital era. This new platform offers an innovative approach…
EXCLUSIVE: Buy The Dip — There’s A Lot More Upside To Come, Says Marc Chaikin
Published by Benzinga Stocks have experienced a shaky beginning in 2024, with initial losses followed by slight gains on Thursday. However, Marc Chaikin, founder and CEO of Chaikin Analytics, believes that this does not signify an end to the rally…
Why Mobileye Global Shares Are Trading Lower By Over 23%? Here Are Other Stocks Moving In Thursday’s Mid-Day Session
Published by Benzinga Shares of Mobileye Global Inc. (NASDAQ: MBLY) fell sharply during Thursday’s session after the company issued preliminary FY23 financial results and initial 2024 guidance. For the fourth quarter, the company expects revenue of $634 million-$638 million (vs….
Grayscale And VanEck’s Latest SEC Filings Ignite Hopes For Spot ETF, Crypto Trader Projects Bitcoin Rally To $250,000
Published by Benzinga Grayscale, VanEck filed key paperwork indicating progress toward a spot ETF, prompting analysts to anticipate potential approvals starting as soon as this week. What Happened: Grayscale Bitcoin Trust (OTC: GBTC) on Thursday filed a Form 8-A registration…
Uncle Sam’s Crypto Stash: $8.3B Bitcoin Hoard Threatens Market Plunge
Published by Benzinga The U.S. government’s significant accumulation of Bitcoin (CRYPTO: BTC), currently valued at $8.3 billion, has raised concerns about potential market impacts if these holdings were to be liquidated. Over the last two years, U.S. authorities have seized…