On July 11, the President of Kazakhstan, Kassym-Jomart Tokayev, signed new tax rates for crypto mining operators into law. While these amendments reflect the country’s growing frustration with the undertaxed and non-transparent usage of the national power grid by both foreign investors and domestic perpetrators, the new taxes could hardly be called excluding. Moreover, they
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Bitcoin (BTC) is pressuring newly-won support levels this week as geopolitical uncertainty raises the stakes for risk assets. After an impressive monthly close, momentum appears to be waning for Bitcoin’s latest gains, data from Cointelegraph Markets Pro and TradingView shows, and stock markets are not helping the bulls. Volatility was cool as August began, but angst
Millions of students are heading back to class this month and next. Stores are crowded with school supplies for the K-12 crowd and dorm room gear for college students. You don’t see a ton of items in the big box aisles for making your home more back-to-school ready, but a good setup plays a role
What methods to analysts use to come up with the evaluations of buy, hold, or sell recommendations of stocks, or underperformed, inline, or overperformed that analysts give on stocks or companies. They are really projecting earnings reports and changing their report figures for the EPS earnings numbers but I want to discuss how they come
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Bollinger Bands are one of the most popular trading indicators and in this video we’ll give you a tutorial on what they are and how you can use them in your trading. The bands themselves represent two volatility lines around the (typically) 20-day moving average. The two bands are placed at 2 standard deviations from
Kim Kardashian’s legal team has filed a motion to set aside a class-action complaint aimed at the businesswoman and other American celebrities. Kardashian and a handful of other prominent American social media influencers were served with a class action complaint in January 2022 over claims they had misled investors through the social media promotion of a cryptocurrency
Asian markets usually ignore imminent visits by US politicians below secretary of state grade. Not when the politician is Democratic bigwig Nancy Pelosi and her mooted destination is Taiwan. Indices bumped downwards in Taiwan, Hong Kong and China. The Taiwan dollar plunged to a two-year low. Chinese warplanes have been roaring over the Taiwan Strait.
Take a look at some of the biggest movers in the premarket: Caterpillar (CAT) – The heavy equipment maker’s stock fell 3.7% in the premarket after its quarterly earnings beat forecasts but revenue was slightly short of consensus. Caterpillar’s sales were hurt by its exit from Russia as well as supply chain issues, and it
The Central Bank of Nigeria should be discontinuing the fixed exchange rate system and let the naira freely float against the major currencies, Alhaji Aminu Gwadabe, the leader of a Nigerian association of bureau de change operators has said. The leader also slammed the recent adjustment of the central bank’s interest rate to 13%, which
Share to Facebook Share to Twitter Share to Linkedin China Evergrande Group’s creditors are now facing even dimmer prospects of ever getting their money back, as the country’s real estate crisis spreads and claims on the developer’s assets continue to pile up. The deeply indebted company failed to meet its own deadline to unveil a
Ether (ETH) has taken over Bitcoin (BTC) in the options market for the first time in history as the open interest (OI) of Deribit Ether options, with a value of $5.6 billion, exceeded the OI of Bitcoin options worth $4.6 billion by 32%. OI is calculated by adding all the contracts from opened trades and
The writer is professor of public policy at the University of Cambridge The IMF has made it official: growth will be slow and inflation high for the foreseeable future. For the UK, expected to be one of the worst-performing major economies, this grim outlook comes on the heels of slow growth since the financial crisis.
Cryptocurrency-friendly bank Sygnum Bank continues expanding its crypto services by launching support for Cardano (ADA) staking. Sygnum announced on Tuesday that the firm has expanded its bank-grade staking offering with Cardano, allowing clients to generate rewards by staking ADA via the bank’s institutional-grade platform. ADA joins Sygnum’s growing crypto-staking portfolio, which features three proof-of-stake (PoS) protocols;
According to Chandler Guo, an influential Chinese bitcoin miner, a proof-of-work (PoW) version of Ethereum is “coming soon.” The news comes as The Merge is expected to be implemented on Ethereum during the week of September 19, and the growing discussions of delaying the highly anticipated proof-of-stake (PoS) transition. Chinese Miner Chandler Guo Says ‘Ethereum
This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday. Liz Truss has promised to save £11bn a year by cutting pay for public sector workers — including civil servants, teachers and nurses — outside London and the South-East. The
A recent study conducted by the European Central Bank (ECB) on identifying the ultimate cross-border payment medium crowned central bank digital currencies (CBDCs) as the winner against competitors, including banking, Bitcoin (BTC) and stablecoins, among others. ECB’s interest in identifying the best cross-border payment solution stems from the fact that it serves as the central bank
Stocks fell and US government bond prices rose as US House Speaker Nancy Pelosi’s expected visit to Taiwan raised the prospect of a forceful Chinese military response. Hong Kong’s benchmark Hang Seng index fell as much as 3.2 per cent on Tuesday, later trimming some of its losses. China’s CSI 300 index of Shanghai- and
The French cryptocurrency hardware wallet manufacturer Ledger is seeking to raise fresh new capital after raising $380 million in June 2021, according to sources familiar with the matter. The hardware wallet company Ledger is reportedly looking to raise at least $100 million from strategic investors. Crypto Hardware Wallet Manufacturer Ledger Is Reportedly Looking to Raise
President Xi Jinping’s wolf warrior diplomats excel at withering rhetoric when they want to belittle and dismiss people whose words and deeds, as they so often say, have “hurt the feelings” of all 1.4bn people in the People’s Republic of China. Xi had ample opportunity to instruct China’s diplomats and its state media apparatus, which