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Pennsylvania House moves to establish Bitcoin as a strategic reserve asset

Pennsylvania House moves to establish Bitcoin as a strategic reserve asset

Key Takeaways The Pennsylvania House introduced legislation to allocate up to 10% of state funds into Bitcoin. Similar Bitcoin legislation is being considered in 10 other states, influenced by the Satoshi Action Fund. Share this article Pennsylvania lawmakers have introduced the Pennsylvania Bitcoin Strategic Reserve Act, a bill that would allow the state treasury to […]
Charles Schwab Hits 52-Week High Amid Substantial Growth In Sweep Cash

Charles Schwab Hits 52-Week High Amid Substantial Growth In Sweep Cash

Image courtesy of 123rf.com Charles Schwab (NYSE: SCHW) has reported its monthly activity highlights, showcasing a robust performance in terms of new client assets and overall asset growth.As of the end of October 2024, the financial services giant has seen a significant influx of core net new assets, totaling $24.6 billion, with net new assets excluding mutual […]
Gold Found A Top; Higher Degree Correction In Play

Gold Found A Top; Higher Degree Correction In Play

Image Source: Pixabay We talked about bullish gold back on October 11, but we mentioned and highlighted final wave 5 of a lower degree impulse that can stop in the 2700 – 2800 area. XAUUSD (Gold) 4H Chart From October 11 2024Later on November 4th, when gold was already in wave (5), we warned about a potential pullback, […]
FTSE Finds A Bid On 8K Test

FTSE Finds A Bid On 8K Test

Image Source: Pexels UK stocks rose slightly on Thursday, with luxury brand Burberry leading gains in the mid-cap index after announcing a turnaround plan, while declines in mining stocks limited overall gains.Single Stock Stories: Burberry’s shares rise 6.8%, leading the FTSE mid caps index. The British luxury retailer initiates a £40 million annual cost-savings programme. The […]
Unlocking ASX Trading Success: Ramsay Health Care Limited

Unlocking ASX Trading Success: Ramsay Health Care Limited

ASX: RAMSAY HEALTH CARE LIMITED – RHC Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) RAMSAY HEALTH CARE LIMITED – RHC. We see RHC.ASX continue to push lower to complete the entire corrective wave. After that, we will be back in the impulse wave to move up with […]
Tether launches tokenization platform Hadron for real-world assets

Tether launches tokenization platform Hadron for real-world assets

Key Takeaways Tether launched Hadron to allow tokenization of physical and digital assets with compliance tools. The platform supports assets like equities, real estate, and stablecoins globally in beta. Share this article Tether, the leading stablecoin issuer, has introduced Hadron, a new platform enabling users to tokenize physical and digital assets across multiple categories, including […]
10-Year US Treasury Yield ‘Fair Value’ Estimate – Thursday, Nov. 14

10-Year US Treasury Yield ‘Fair Value’ Estimate – Thursday, Nov. 14

The market premium for the US 10-year Treasury yield rose in October relative to a “fair value” estimate calculated by CapitalSpectator.com. The increase marks the first time since April that the premium increased.The current market premium over the average fair value via the average of three models rose to 65 basis points, the highest since July. It’s […]
ECB Minutes Show Controversial Debate On Real Disinflationary Trend

ECB Minutes Show Controversial Debate On Real Disinflationary Trend

Image Source: Pexels  The just-released minutes of the European Central Bank’s October meeting show that even before the US election, growth concerns had clearly taken over, but not all ECB members were convinced that the disinflationary trend was here to stay.Remember that while the rate cut decision in October made sense, it deviated from the usual emphasis […]
Bitcoin could reach $180,000 this cycle, says VanEck head of crypto research

Bitcoin could reach $180,000 this cycle, says VanEck head of crypto research

Key Takeaways Bitcoin is predicted to reach $180,000 within the next year, representing a 1,000% return from the cycle’s bottom. Pro-crypto Trump administration appointments and growing institutional interest are factors supporting Bitcoin’s bullish trend. Share this article Matthew Sigel, VanEck’s head of digital assets research, forecasts that Bitcoin could soar to $180,000 this cycle, which […]
Sensex Today Ends Marginally Lower; Nifty Holds 23,500

Sensex Today Ends Marginally Lower; Nifty Holds 23,500

After opening the day on a positive note, Indian share markets slipped into the red as the session progressed and ended marginally lower.Benchmark indices opened in green, supported by gains in index heavyweights like HDFC Bank, Reliance, and IT stocks.The positive US inflation data also fuelled expectations of a Federal Reserve rate cut in December.However, FMCG stocks […]