Tech analyst Dan Ives is predicting big things for Microsoft. He believes the company’s market cap will reach a staggering $5 trillion by 2026. Microsoft’s Cloud Strategy is Key Ives, from Wedbush Securities, highlighted Microsoft’s strong cloud computing platform, Azure, as a major driver of this growth. He stated that Azure’s performance exceeded even optimistic…
Bitcoin’s price took a dive recently, dropping below $115,000 for the first time since early July. This got people wondering if the party’s over. But some analysts think the bull run might have more legs. Long-Term Holders Are Selling Crypto analyst Joao Wedson recently reported that long-term Bitcoin holders (LTHs) are starting to sell off…
Bitcoin recently hit a new all-time high above $120,000, sparking a lot of chatter about where it’s at in this bull market. While the price is exciting, looking at on-chain data gives a clearer picture. One indicator, the Satoshimeter, suggests we’re still in the middle of the cycle, with plenty of potential upside. Mid-Cycle Momentum…
Pakistan and Kyrgyzstan are strengthening their relationship, especially in the world of cryptocurrency and blockchain technology. A Virtual Meeting and Big Plans Recently, the two countries held an online meeting between high-level officials. Pakistan’s Minister of State for Crypto and Blockchain, Bilal Bin Saqib, and Kyrgyzstan’s Director of the National Investment Agency, Farkhat Aminov, discussed…
Gate.io, a cryptocurrency exchange founded in 2013, has finally launched its spot trading services in the United States. This marks a significant step for the company and reflects a broader trend of crypto firms returning to or entering the US market. A Wave of Crypto Firms Entering the US The move comes as US regulators…
Hong Kong’s new crypto rules are causing a stir, and Fintech companies are jumping in with both feet. A Gold Rush for Stablecoins Hong Kong recently introduced strict rules for stablecoins—digital currencies pegged to a real-world asset like the US dollar. While these rules are tough, they’ve also given the green light to a huge…
Big companies are changing how they handle their cash. Forget just keeping it in the bank – they’re now piling into Bitcoin and other cryptocurrencies! The Rise of Crypto-Holding Companies A new breed of companies, let’s call them “Crypto Treasury Companies” (CTCs), are treating Bitcoin and Ethereum as part of their main cash reserves. A…
A well-known couple, Bollywood singers Sidhartha “Sammy” Mukherjee and his wife Sunita, have been arrested for allegedly running a massive fraud scheme. Federal investigators say the pair defrauded nearly 100 victims out of over $4 million. A Web of Deceit Victims claim the Mukherjees portrayed themselves as successful businesspeople, convincing them to invest in fake…
A top Goldman Sachs executive is betting big on the global economy and the stock market. Anshul Sehgal, the firm’s global co-head of fixed income, currency, and commodities, shared his optimistic outlook and investment strategy. Sehgal’s Positive Market View Sehgal sees stocks as undervalued, pointing to strong recent earnings reports as evidence. He highlights two…
A massive data breach at RiteCheck Cashing, a financial services firm, has potentially exposed the sensitive personal information of almost 70,000 individuals. The Breach The unauthorized access occurred around August 25th, 2024, compromising a company server. The affected data includes names, addresses, dates of birth, Social Security numbers, driver’s license numbers, government-issued ID numbers, and…
