Day: August 4, 2022
Bitcoin has formed the flag and broke the trendline. Now, the asset is trying to break the level of 23500. Bitcoin is on the rise and might hit the level of 25500 soon. Gold has pulled from the downtrend and dropped. The asset is likely to pull back from the broken monthly trend denoted by […]
Provocative from a Chinese point of view, Nancy Pelosi’s visit to Taiwan and the promised tough response from the Chinese authorities met with a rather tepid market reaction yesterday; the main US indices closed in a moderate minus, the dollar index met resistance at 106.50 and turned lower on Wednesday. The Fed’s verbal interventions have […]
Tourism in El Salvador has soared in the first half of 2022. Up 82.8% just this year, there were 1.1 million visitors to El Salvador this year, according to government figures. That’s despite the price of Bitcoin (BTC) sinking almost 50% since Jan. 1. Data from the World Travel Organization reinforces the claims. The tiny […]
U.S. stocks were struggling for direction Thursday morning after unemployment claims data signaled a softening labor market. The Dow Jones Industrial Average DJIA, -0.20% was down 0.1% soon after the opening bell, while the S&P 500 SPX, -0.15% and Nasdaq Composite COMP, -0.17% were flipping between gains and losses, according to FactSet data, at last […]
Infrawatch PH Convenor Terry Ridon said that the SEC’s response clarifies the government’s position on crypto platform operations. 675 Total views 24 Total shares The Philippine Securities and Exchanges Commission (SEC) cautioned the public not to invest in the crypto exchange Binance in their response to policy think tank Infrawatch PH’s attempts to woo the […]
Shares of Datadog Inc. DDOG, +5.69% were falling more than 9% in premarket trading Thursday after the cloud-monitoring company beat expectations with its second-quarter results but delivered a third-quarter revenue outlook that fell just shy of the FactSet consensus at the midpoint. The company recorded a net loss of $4.88 million, or 2 cents a […]
AUDUSD is rising after a major plunge this week. The Australian Dollar is strengthening against the USD on Thursday. The current quote for the instrument is 0.6985. The Reserve Bank of Australian had another meeting this week where it raised the benchmark interest rate by 50 basis points, from 1.35% to 1.85%. The rate hike […]
EURUSD is recovering after plunging the day before. The major currency pair reached stability after yesterday’s decline. The current quote for the instrument is 1.0188. The Markit Services PMI in the US showed 47.3 points in July against the expected reading of 47.0 points. No matter what, the indicator remains below the psychologically important level […]
The $190 million Nomad Bridge exploit is just the latest out of 13 separate bridge attacks in 2022 so far. 1129 Total views 46 Total shares Cross-chain bridge hacks have accounted for 69% of the total crypto stolen in 2022, amounting to $2 billion in losses, according to a new report. The report comes from […]
Cigna Corp. shares CI, +0.11% rose 1.7% in premarket trade Thursday, after the health care services company beat earnings estimates for the second quarter. Cigna posted net income of $1.981 billion, or $4.90 a share, for the quarter, up from $1.808 billion, or $4.25 a share, in the year-earlier period. Adjusted per-share earnings came to […]
