Bitcoin has extended its winning streak to five consecutive sessions, edging closer to the $71,000 mark amidst growing expectations of Federal Reserve interest-rate cuts later this year. The cryptocurrency’s sustained upward momentum marks its longest series of daily gains in three months, with Bitcoin trading at $70,785 as of 8:25 a.m. Wednesday in New York,…
Kerrisdale Capital Management LLC, known for its short-selling strategies, has set its sights on Riot Blockchain Inc., criticizing its business model as flawed in the challenging landscape of Bitcoin mining. According to Kerrisdale, investing in Bitcoin directly is a more viable option for cryptocurrency enthusiasts than purchasing miner stocks. The report released by Kerrisdale founder…
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A small Canadian Bitcoin Miner quoted on London’s AIM market under ticker ARB. A company where things went wrong in Texas and they are still US$70 million in debt they are attempting to pay down. Higher risk than most needing a high Bitcoin price to get out of trouble. The share price around 9 pence…
Bitfinex has released Version 1.97, bringing significant updates to its trading platform, including enhancements to the TradingView chart and several key bug fixes, according to Bitfinex. Performance and UI Improvements The latest update includes several performance and user interface improvements: Updated TradingView chart to version 27.005. Modified the…
Foreign Institutional Investors (FIIs) displayed a Bullish approach in the Nifty Index Futures market by Buying 41188 contracts worth ₹2310 crores, resulting in a decrease of 43488 contracts in the net open interest. FIIs added 22989 long contracts and covered 20783 short contracts, indicating a preference for adding long positions and covered of short positions….
Mumbai: TMC MP Saket Gokhale has asked securities market regulator Sebi to investigate the June 3 stock market manipulation triggered by election exit polls. In a letter to Sebi chief Madhabi Puri Buch, Gokhale said multiple exit polls predicted a landslide win for the BJP. But, one exit poll predicted “extremely strange” and “inflated seat…
Security researcher, CISO of SlowMist Technology, 23pds, took to his X account to share a report on the “Ranking of reasons for loss of personal or institutional assets.” The report has highlighted eight reasons for their prevalence. SlowMist is a blockchain security firm known for its scam alerts and early reporting. The company provides services,…
Stacks (STX) price soared 11% to hit highs of $2.40 as Bitcoin broke above $71k. STX has gained amid a surge in DeFi activity on the Bitcoin Layer 2 for smart contracts. The price of Stacks (STX) has jumped more than 11% in the past 24 hours to reach highs of $2.37, gains that rank…
by Calculated Risk on 6/05/2024 01:01:00 PM Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I’ve now switched to a new physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons since…