Category Archive: Finance, No picture
Asia Week Ahead: China’s Trade Data And An Upcoming RBA Decision Take The Spotlight
Image Source: Unsplash RBA meeting to be closely watched The 7 May Reserve Bank of Australia (RBA) meeting is worth watching closely. Recent inflation data in Australia looks to have stalled on a monthly basis and has even started to nose higher. That said, Australian inflation has actually performed better than we had been expecting. We […]
Bitcoin mining firm Stronghold considers potential sale
Stronghold Digital Mining, Inc. (NASDAQ: SDIG), a vertically integrated Bitcoin mining firm, has announced the initiation of a formal strategic review process to explore alternatives for “maximizing shareholder value,” including the potential sale of all or part of the company.In its first-quarter 2024 earnings release, Stronghold reported revenues of $27.5 million, a 27% increase sequentially […]
RWA protocol Untangled Finance debuts private credit pool on Celo
Real-world asset (RWA) protocol Untangled Finance has announced its first on-chain securitization pool on the Celo blockchain. The pool is structured under Luxembourg’s securitization laws, collateralized by a diverse set of French working capital assets from fintech Karmen, and has a debt ceiling set at $6 million.The Credit Collective, supported by Fasanara Capital as the […]
Fed Holds Rates At 5.25-5.50%, Battles To Hit 2% Inflation
The Federal Reserve maintained its current stance on interest rates, opting not to implement a cut despite ongoing struggles with inflation. Since a hike in July 2023, the U.S. central bank has kept its benchmark short-term borrowing rate at a range of 5.25% to 5.50%. This marks the highest level in over two decades. This […]
MoonPay and PayPal unite to streamline fiat-to-crypto transactions for US users
PayPal has partnered with MoonPay to introduce a new fiat-to-crypto transaction service for US customers, according to a press release published today by MoonPay. The collaboration marks MoonPay as the first on- and off-ramp provider to incorporate PayPal’s payment system, enhancing the ease of purchasing crypto. 🌙 Exciting news from MoonPay! 💳 Today, we’re thrilled […]
US Fed Tilts Towards A Rate Cut Despite The Postponement. Hkma Left The Rate Unchanged At 5.75%
At Tuesday’s close, the Dow Jones Index (US30) added 0.23%, while the S&P 500 Index (US500) was down 0.34%. The NASDAQ Technology Index (US100) closed negative 0.33%. US stock indices traded mixed on Wednesday. Stock prices rose after bond yields fell, and Fed Chairman Powell said it was unlikely that the Fed’s next move would be a rate hike. However, the broader […]
BlackRock leads $47M funding round for RWA tokenization firm Securitize
BlackRock, the world’s largest asset manager, has led a $47 million investment round in Securitize, a firm specializing in the tokenization of real-world assets (RWA). The strategic capital infusion, announced on May 1, marks a significant milestone in the development of digital asset securities.Securitize plans to allocate the funding towards product development, international expansion, and […]
Dovish Message Likely To Ignite Positive Wealth Effect From Equities And Home Prices
Markets were on pins and needles as to if Powell would be open to the possibility of a rate hike. Pexels He hardly sounded hawkish Wednesday. A dovish message hardly helps cool down the positive wealth effect coming from equities and home prices. It could rather be helping inflation remain sticky.A day prior to the conclusion of […]
Should Billionaires Exist?
Do billionaires have a right to exist?America has driven more than 650 species to extinction. And it should do the same to billionaires.Why? Because there are only five ways to become one, and they’re all bad for free-market capitalism:1. Exploit a Monopoly.Jamie Dimon is worth $2 billion today… but not because he succeeded in the “free market.” In 2008, […]
Exploring The 3 Prominent Crypto Trends Post Halving
Bitcoin Halving events, such as the recent 2024 Halving, mark important turning points in the cryptocurrency world and often lead to shifts in market dynamics and investor sentiment. Unsplash As Bitcoin (BITCOMP) begins the week with a dramatic drop, failure to correctly interpret prominent market trends in order to correctly interpret these price movements can be detrimental […]
