(Reuters) – Alibaba Group said on Tuesday its CEO and chairman Daniel Zhang will step down from those roles to focus on its cloud division as the Chinese e-commerce giant moves ahead with a plan...
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Analysts Say These 3 Stocks Are Their Top Picks for the rest of 2023
We’re winding up the first half of 2023, and what could be more natural than to figure out the best stocks for the rest of the year? Stock picking of this sort is an essential skill for every investor...
Bitcoin’s $30K Threshold Critical for Breakout, Trader Says
Alex Dovbnya Bitcoin’s chances of breakout rest on its ability to breach $30,000 mark, says trader Jordan Lindsey Bitcoin’s recovery and potential breakout could hinge on the pivotal $30,0...
Cat Paradise secures seed funding, eyes Web3 & Metaverse growth
Cat Paradise recently made the most-awaited announcement of its successful completion of seed round funding. It received huge investment and extensive support from its leading partners, such as Mask N...
Bitcoin Forms Bullish Pattern, Signals Potential Reversal in Price Trend
Bitcoin (BTC) shows promising signs of a bullish trend, forming three-white soldiers pattern on the price chart. This pattern, characterized by three consecutive bullish candlesticks, indicates a pote...
UBS to Face Fresh Penalties Over Credit Suisse’s Archegos Fiasco
(Bloomberg) — UBS Group AG faces hundreds of millions of dollars in regulatory fines over Credit Suisse Group AG’s dealings with Archegos Capital, as the Swiss bank inherits its former rival’s e...
China Lowers Loan Rates, Bitcoin Stable Above $26,600
Key Points: On Tuesday, China’s central bank reduced key interest rates on loans made by the state-controlled banking sector. This is the clearest indication yet of the Chinese government’s and busine...
Thai Firm Cites Russian War in Ukraine to Exit €560 Million Deal
(Bloomberg) — Stark Corp. Pcl, a Thai maker of electrical components engulfed in an accounting scandal, has cited Russia’s war in Ukraine as a reason for pulling out of an agreement to buy a Ger...
FTX’s Advisor Fees Exceed $120 Million in Just Three Months
FTX Financial Woes Deepen as Advisory and Legal Costs Continue to Escalate. According to The Block Research, FTX, the estranged crypto exchange, continues to feel financial pain based on ballooning ad...
German shares lead losses in Europe as Lanxess plunges
(Corrects paragraph 12 to remove reference to Alpha Auto Group and clarify that offer for Lookers was made by Global Auto Holdings) By Shreyashi Sanyal (Reuters) -German stocks led the decline among E...
Stellar (XLM) Price Starts Recovery: Correction or Reversal?
The Stellar (XLM) price broke down from a long-term ascending support line but has increased since June 15. It is unclear if the upward movement is part of a bullish trend reversal or if it is just a ...
Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle
HONG KONG (AP) — China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies. The...
Binance Labs Invests In 5 Promising Projects In Incubation Program
Key Points: Despite the burdens from FUD and the regulatory actions that beset Binance, it still claims to continue to invest in the industry. Binance Labs invested in five promising projects during t...
Deaton’s Examples Highlight XRP as Non-Security
Attorney Deaton says XRP secondary market transactions are not securities. Prominent cryptocurrency advocate and lawyer John Deaton has taken to Twitter to assert that XRP secondary market transaction...
Binance is working on integrating Bitcoin Lightning Network for deposits and withdrawal
Binance, one of the leading cryptocurrency exchanges, made an exciting announcement on June 20 via Twitter, revealing its plans to integrate the Bitcoin Lightning Network for deposits and withdrawals....
Adobe’s $20 bln deal to acquire Figma under threat from EU regulators
June 20 (Reuters) – European antitrust regulators are preparing to launch a formal investigation into software giant Adobe’s $20 billion buyout deal for cloud-based designer platform Figma...
Blackrocks Files For Bitcoin ETF, Sparks Surge In BTC Price & Dominance Level
BlackRock Inc. (NYSE: BLK), the largest investment management company with nearly $10 trillion in assets under management (AUM), has filed for a Bitcoin exchange-traded fund (ETF) with the Securities ...
Bitcoin Pushes for $27K, While Stacks (STX) Jumps 8% Daily: Market Watch
The cryptocurrency market is going through a period of relative stability without any serious movements over the past 24 hours. Bitcoin is up 1.3% on the day and is pushing for $27K, but it remains to...
Japan’s Suzuki to make ‘flying cars’ with SkyDrive
TOKYO (Reuters) – Japanese automaker Suzuki Motor Corp said on Tuesday it had reached an agreement with SkyDrive Inc to make “flying cars”. The companies will use a Suzuki Group fact...
‘Rich Dad Poor Dad’ Kiyosaki Predicts Greatest Change in World History
Gamza Khanzadaev Renowned author Robert Kiyosaki predicts monumental shift that will reshape world’s destiny Renowned author and financial expert Robert Kiyosaki has sparked intrigue with a thou...
Billionaire Stanley Druckenmiller Names One Tech Sector That Could Print Gains Despite Recession Threats
Billionaire investor Stanley Druckenmiller says he is upbeat on one nascent technology sector even amid signs of a looming recession. In a recent interview with Bloomberg, Druckenmiller says that arti...
Binance Integrates Bitcoin Lightning Network To Allow Deposit And Withdraw
Key Points: Binance announced on Twitter that it is integrating the Bitcoin Lightning Network to allow users to deposit and withdraw funds. For smooth operation, there is still a lot of technical work...
The Economics Of Unusual Events Such As Pandemics, Bank Failures And AI
ChatGPT artificial intelligence software. (Photo by NICOLAS MAETERLINCK / BELGA MAG / Belga via AFP) … [+] (Photo by NICOLAS MAETERLINCK/BELGA MAG/AFP via Getty Images) BELGA MAG/AFP via Getty I...
New Litecoin addresses soar 55% in a week as halving event nears
Litecoin (LTC), one of the oldest cryptocurrencies, continues to witness network growth in 2023 ahead of its halving event scheduled for August. Notably, after a volatile run, the number of daily acti...
Hacked Terra Classic Funds Moved to Tornado Cash, Terraport Accused of Neglect
A Terra Classic community member has accused the Terraport team of negligence, as the Terraport exploiters move some of the stolen funds to Tornado Cash. reXx, a prominent Terra Classic (LUNC) communi...
EUR/USD Forecast – Euro Stalls for the Second Day in a Row
EUR/USD Forecast Video for 20.06.23 Euro vs US Dollar Technical Analysis The euro has pulled back just a bit during the trading session on Monday, as the market looks as if it is trying to figure out ...
Binance Moves Huge Chunk of Bitcoin to New Cold Wallet
Over $3 billion was moved, including a massive transfer of 117,000 BTC. Binance has the largest Bitcoin balance of any exchange, at 510,425 BTC. Binance, the world’s largest cryptocurrency exchange, s...
Bitcoin dominance crosses 50% for first time since April 2021
Bitcoin now accounts for half of the total crypto market cap – crossing 50% dominance for the first time since April 2021. The chart below shows Bitcoin dominance finding a local bottom at 39.9% aroun...
Anett Kontaveit Forced To Retire At 27 Due To Chronic Back Injury
OSTRAVA, CZECH REPUBLIC – SEPTEMBER 26: Anett Kontaveit from Estonia poses with the trophy during … [+] the awards ceremony after her victory in the Singles Final against Maria Sakkari fro...
Binance CEO Confirms Progress On Bitcoin Lightning Network
Binance, one of the world’s largest cryptocurrency exchanges, has announced its progress on integrating the Bitcoin Lightning Network for faster deposits and withdrawals. CEO Changpeng Zhao CZ further...
Cardano (ADA) Being Stolen From Nami Wallet, Users Report
Arman Shirinyan Unfortunately, victims are unlikely to return any funds stolen by hackers or scammers An increasing number of crypto investors are reporting unauthorized transactions and losses of Car...
Ripple vs. SEC: Will Ripple Secure a Victory? Google Bard AI Analysis Reveals Surprising Insights
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is heating up, leaving the outcome uncertain. However, a recent analysis from Google Bard AI has shed light on Rip...