Day: November 2, 2022
A simple but elegant Bitcoin (BTC) price metric has returned to lows from before the 2017 bull market. As noted by its creator, Charles Edwards, CEO of asset manager Capriole, the Bitcoin Yardstick is now at its second lowest level in history. Yardstick prints second-lowest reading ever As on-chain metrics converge to put in a […]
Trading in Forex vs Stocks – Which one is better for you? The financial markets offer a wide range of assets classes for investment. What is Forex Trading? The term Forex stands for “foreign exchange”. Forex trading is the process of buying and selling currency pairs. The Forex market is open 24 hours a day […]
The BTC paused again. On Wednesday, it mainly fluctuates near 20,507 USD. Investors are saving powers before the Federal Reserve System decides anything about the interest rate. The main forecast implies an increase by 75 base points to 4% annual. According to the CME, the probability of such a scenario is 86%. However, the main […]
Japanese yen against the US dollar today is quite balanced. The current quote is 147.17. Today the minutes of the last meeting of the Bank of Japan have been published. It says that the Japanese economy is speeding up, and in the long run the weakness of the yen will augment overseas economic activity. Monetary […]
Sustainability-focused Bitcoin (BTC) mining company CleanSpark has snapped up another 3,843 cryptocurrency miners amid a backdrop of mining industry consolidation. The $5.9 million purchase of the Antminer S19J Pro Bitcoin miners announced by the company on Nov. 1 came at a price of $15.50 per terahash — far cheaper than the current market price of […]
Major Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore. 1009 Total views 19 Total shares DBS Bank, a major financial services group in Asia, is applying decentralized finance (DeFi) for a project backed by Singapore’s central bank. DBS has started a trading test of […]
Citi analyst Keith Horowitz said Tuesday that a fresh mention of ongoing discussions between Wells Fargo & Co WFC, +2.09% and federal banking regulators amounts to “incremental positive news” for the bank. Wells Fargo said in a Monday filing it’s in “resolution discussions” with the Consumer Financial Protection Bureau on a number of the regulator’s […]
Pfizer Inc.’s PFE, +3.14% COVID-19 antiviral Paxlovid brought in $7.5 billion in sales in the third quarter of the year, against a FactSet consensus of $7.6 billion. The drug company also reiterated guidance for Paxlovid revenues in 2022, saying it still expects $22 billion in sales for the year. The FactSet consensus is $22.5 billion. […]
Big Oil’s influence over the Bitcoin network is growing stronger due to surging hash rates and distressed mining companies. 708 Total views 10 Total shares Surging Bitcoin (BTC) network hash rates are causing problems for mining companies but might be rolling out the red carpet for energy giants. The Bitcoin hash rate, the amount of […]
Shares of Container Store Group Inc. TCS, -6.08% dropped more than 6% in the extended session Tuesday after the retailer reported mixed fiscal second-quarter earnings and said foot traffic in its stores is slowing. Container Store earned $15.7 million, or 31 cents a share, compared with $27.2 million, or 54 cents a share, in the […]
