Mark Cuban rejects Dogecoin founder’s criticism, praises Kamala Harris’s crypto knowledge
Billionaire entrepreneur Mark Cuban dismissed concerns raised by Jackson Palmer, co-founder of Dogecoin, defending Kamala Harris for her strong grasp of cryptocurrency, contrasting her understanding with that of President Joe Biden and former President Donald Trump. Cuban highlighted that Harris is significantly more knowledgeable about digital assets than either of the two, asserting she is […]
Alleged hacker arrested for posting fake Bitcoin ETF news on SEC X account
Authorities have arrested a suspect accused of hacking the SEC’s official X account and posting a false statement about the approval of a Bitcoin Exchange-Traded Fund (ETF), which caused confusion and a brief spike in cryptocurrency trading. The individual allegedly gained unauthorized access to the SEC’s platform, using it to publish misleading information regarding the […]
Bitcoin price spike linked to Alabama man in SEC social media hack arrest
A 23-year-old Alabama man has been arrested for allegedly hacking into the SEC‘s social media account, in an attack that momentarily sent Bitcoin prices soaring. The suspect, whose name remains undisclosed, is accused of gaining unauthorized access and manipulating the SEC’s platform, where misleading information about cryptocurrency regulations was posted. The cyberattack, which took place […]
Japanese yen recoups some losses against US dollar, but gains appear limited
The Japanese Yen regained some ground against the US Dollar on Thursday after experiencing losses overnight, as traders adjusted their positions following recent weakness. However, experts suggest that the yen’s upside potential may remain constrained, with key factors continuing to pressure the currency. The recovery followed a period of selling pressure, driven by expectations of […]
Chinese stock rally fades as government fails to announce major stimulus measures
Chinese stocks lost steam on Thursday after a government briefing failed to deliver the expected economic stimulus that investors had hoped for. The absence of any major new policies left the market disappointed, causing early gains to swiftly vanish. Market participants were anticipating stronger economic support from the government to address China’s slowing growth and […]
Australian dollar rises on strong labor market data, bolstering economic outlook
The Australian Dollar gained strength on Thursday following the release of a positive labor report, which highlighted the resilience of the country’s employment sector. The solid data has reinforced expectations that the Reserve Bank of Australia (RBA) may keep its monetary policy unchanged, supporting the currency’s upward movement. The report showed an increase in jobs […]
USD/INR rises as traders anticipate US retail sales report
The USD/INR exchange rate edged higher on Thursday as traders awaited the release of US retail sales data, a key measure of consumer spending. The upcoming report is expected to shape market sentiment and influence currency movements. The US dollar has been gaining strength amid expectations of interest rate increases by the Federal Reserve, which […]
Asian stocks rise following US small-cap rally, boosting investor sentiment
Asian markets surged on Thursday, following a strong rally in US small-cap stocks, particularly the Russell 2000 index. This boost in American stocks led to increased investor optimism, driving gains across major Asian indices. Both Japan’s Nikkei 225 and South Korea’s Kospi saw notable increases, as investors responded to signs of economic resilience in the […]
PBOC sets USD/CNY reference rate at 7.1220 vs. 7.1191 previous
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1220 on Tuesday, moving slightly higher than the previous level of 7.1191. This adjustment reflects the central bank’s cautious stance amid ongoing economic concerns and efforts to maintain stability in the currency markets. While the change may appear minimal, it signals the PBOC’s […]
Bitcoin’s hail Mary: A $1,000 investment when Mark Cuban spoke, here’s its value now
When Mark Cuban encouraged investors to “throw the Hail Mary” on Bitcoin in 2019, it grabbed attention from both enthusiasts and skeptics. At the time, Bitcoin was still seen as a high-risk bet, but those who acted on Cuban’s advice and invested $1,000 in Bitcoin have seen significant returns, despite recent volatility in the cryptocurrency […]