Day: July 22, 2022
Central Bank Economic Letter finds that recurrent property taxes can, over time, help to mitigate downside risks to house prices. Such taxes may also provide a stable source of revenue for government, as they are less likely to be affected by the economic cycle. Revenue from recurrent property taxes, as a proportion of national income, […]
Central Bank seeks to anticipate and support innovation in the financial services industry Firms in novel areas must ensure their businesses will not be used to launder the proceeds of crime or to finance terrorism Central Bank issues a bulletin to virtual asset service providers (VASPs) to assist them in strengthening their applications and frameworks […]
Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for its data center in Granbury, Texas. The announcement on July 21 comes only a two weeks after the company retrenched 15% of its employees and implemented […]
U.S. stocks closed sharply higher on Thursday as the tech-heavy Nasdaq Composite led all three benchmarks to their highest levels in six weeks. Strong earnings from S&P 500 companies — particularly heavy-hitting tech stocks like Netflix Inc. NFLX, +3.44% and Tesla Inc. TSLA, +9.78% — have helped to bolster sentiment, prompting wary investors to jump […]
Since May 10, as much as 236,237 Bitcoin (worth $5.452 billion) has been sold by “large institutions” — mostly as a result of forced selling. A Twitter thread from Arcane Research analyst Vetle Lunde details how and when many institutional Bitcoin holders began selling their stacks. Lunde stated that “it all started with Do Kwon.” […]
Shares of Intuitive Surgical dropped more than 13% in the extended session Thursday after the maker of surgical robotic systems reported second-quarter results below Wall Street expectations and said that it was able to place fewer of its flagship robotic systems. Intuitive said it earned $308 million, or 85 cents a share, in the quarter, […]
Type: Bullish Rise Key Levels:Resistance: 24320Pivot: 22525Support: 21450 Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 22525 where the pullback support and 38.2% fibonacci retracement are to the 1st resistance at 24320 in line with swing high resistance. Alternative […]
Type: Bearish Momentum Key Levels:Resistance: 118’06’0Pivot: 117’18’5Support: 116’14’0 Preferred Case:On the H4, with price recently breaking the ascending trend channel and moving below the ichimoku cloud , we have a bearish bias that price will continue to drop from the pivot at 117’18’5 at the swing low in line with the 61.8% fibonacci projection and […]
• GBPUSD reversed from resistance area • Likely to fall to support level 1.1800 GBPUSD currency pair recently reversed down from the resistance area lying between the resistance level 1.2030 (which stopped the previous wave (ii), as can be seen below) and the 38.2% Fibonacci correction of the downward impulse from June. The downward reversal […]
Epic Games CEO Tim Sweeney has said that the firm will not ban NFTs, as devs “should be free to decide how to build their games.” 131 Total views 28 Total shares Epic Games founder and CEO Tim Sweeney says his firm “definitely won’t” follow Minecraft’s developers in banning non-fungible tokens (NFTs). As previously reported, […]
