Category Archive: Cryptocurrency, No picture
El Salvador mines nearly 474 Bitcoin using volcanic geothermal power
El Salvador has mined 473.5 Bitcoin (BTC) over the past three years using the geothermal power of the Tecapa volcano, Reuters reported today.Based on Bitcoin’s current price, this amount has translated into a $29 million increase in value. The nation’s total Bitcoin holdings now reach 5,750 BTC, equivalent to nearly $354 million, according to data […]
Vanguard set to appoint ex-BlackRock ETF chief as next CEO: WSJ
Salim Ramji, former head of BlackRock’s exchange-traded funds (ETFs) and index investing, is set to take the helm at Vanguard Group as chief executive officer starting July 8, according to a Tuesday report from WSJ.As noted, Ramji will succeed Tim Buckley, who announced his departure in February after over 30 years with Vanguard. The former […]
S&P 500 And Nasdaq 100 Elliott Wave Update – Tue, May 15
Image Source: Unsplash Interesting day with the PPI showing inflation to be problematic. But the markets deemed it not worthy of getting in the way of what was planned for today. The markets did eventually continue higher and towards the conclusion of minute 3rd waves. Today’s action then, completed minuet 3rd waves and minuet 4th waves […]
AI’s Insatiable Energy Needs Boost Uranium ETFs
Image Source: Pexels Tech giants Microsoft (MSFT – Free Report), Google’s parent Alphabet (GOOGL – Free Report), Amazon (AMZN – Free Report), and Meta (META – Free Report) have reported massive investments in artificial intelligence and cloud computing in their latest earnings reports.The AI boom has driven a surge in demand for data center capacity to handle AI workloads and store the vast amounts […]
Lido co-founders back EigenLayer rival Symbiotic — report
A report from crypto media platform CoinDesk claims that Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, along with venture capital firm Paradigm, are secretly funding a new company called Symbiotic.Notably, Symbiotic allows users to restake assets like Lido’s staked ether (stETH) token and other ERC-20 assets, unlike EigenLayer, which only accepts ETH tokens. Such a […]
Don’t Be Distracted By Meme-Stock Mania… Again
Image Source: Pexels Everything old is new again. GameStop (GME) and AMC Theaters (AMC) the two quintessential tickers from the 2021 meme-stock craze – are soaring again on the “strength” of… Internet buzz.Never mind the fact that neither of these stocks are anywhere near their 2021 highs – this is a distraction, pure and simple.Know what […]
Bitcoin L2 protocol bridge Alex suffers $4.3M in losses after suspicious upgrades
The Alex protocol bridge on the BNB network has experienced $4.3 million in suspicious withdrawals following a sudden contract upgrade, according to a report from blockchain security platform CertiK on May 14. #CertiKInsight 🚨 We have seen a suspicious transaction affecting @ALEXLabBTC Initial evidence points to a possible private key compromise. Deployer of 0xb3955302E58FFFdf2da247E999Cd9755f652b13b upgrades […]
Q1 2024 U.S. Retail Preview: Sales Picked Up
Image Source: Unsplash The LSEG U.S. Retail and Restaurant Q1 earnings index, which tracks changes in the growth rate of earnings within the sector, is expected to show a 20.6% growth over last year’s levels. Our metrics show that six of 10 consumer-related industries have turned positive. (Exhibit 1)Of the 201 retailers tracked by LSEG, the […]
Canoo Q1 Earnings: Up To $100 Million In Revenue Expected In 2024
Image Source: Unsplash Canoo Inc (Nasdaq: GOEV) is trading down in extended hours on Tuesday after reporting disappointing financial results for its first quarter. Canoo reiterates guidance for 2024 Investors are concerned because the future guidance failed to impress as well. $GOEV continues to see its annual revenue coming in the range of $50 million and […]
Big Money Buying Up Our Homes Is “Never Going To Stop”
Image Source: Pexels Many of the recent housing analysts I’ve talked with, like in last week’s excellent interview with mortgage expert Melody Wright, see tougher times ahead for the real estate market.So for further context, I thought it would be helpful to get a true “boots on the ground” view from one of America’s more successful […]
