Author: Charlotte

While the broader crypto market has shown significant weakness, STABLE has consistently held up. As the market crashed on 24th June, STABLE defended the $0.33-support and climbed to a local high of $0.365.  At the time of writing, STABLE was trading at around $0.362, up 5.5% over the past 24 hours in addition to its 7% weekly gains.  At the same time, the trading volume of the altcoin rose by 25% to $20.8 million, indicating an uptick in market participation. Why is STABLE holding up? STABLE’s daily charts underlined a strengthening bullish structure. The altcoin jumped above its 20 and 50-day…

Bitcoin’s prolonged downtrend shows no sign of easing, with the world’s largest cryptocurrency struggling to reverse its downward trajectory amid weak risk appetite and a shift in investor focus toward artificial intelligence.Extending its losses on Friday, Bitcoin fell to as low as $58,000, its lowest level in nearly 20 months, as investors grappled with elevated U.S. inflation, a broad sell-off in global technology stocks and persistent uncertainty over the near-term outlook for cryptocurrencies.Bitcoin was last trading at around $59,688, down more than 3% over the past 24 hours, with its market capitalisation slipping to approximately $1.19 trillion.The cryptocurrency is now…

The involvement of Tinley Leisure Women Investments (TLWI) in the R2.1 billion Club Med deal has drawn the ire of Chief Jiba Magwaza of the Magwaza Royal Trusts in KwaZulu-Natal. He says the transaction has failed to benefit the rural community.An audit report commissioned by the Industrial Development Corporation (IDC) confirmed that its R130 million financial support to TLWI to acquire a 14% BEE equity in the Tinley Leisure Club Med project was tabled before the board audit committee (BIC) for review.But questions on the criteria used in awarding the deal to TLWI linger. Concerned parties say the all-women grouping, led by…

Bending Spoons tries out an odd kind of financial magic trick Financial Times Source link

Economics is broadly divided into macroeconomics and microeconomics. The big picture, macroeconomics, concentrates on the behavior of a national or a regional economy as a whole: the totals of goods and services, unemployment and prices. Then there’s a more detailed picture: the economic decisions that people and businesses make. Microeconomics analyzes behavior. It looks at how individuals and companies respond to incentives and allocate scarce resources efficiently. People struggle to get as much as possible while spending as little as possible. The economist Thomas Sowell has said there is never enough of anything to fully satisfy all those who want…

Looking for regular income from mutual funds? These hybrid funds stood out over 3 years The Economic Times Source link

According to Cointelegraph, cryptocurrency infrastructure company BitGo Holdings announced layoffs of about 15%. BitGo co-founder and CEO Mike Belshe stated that this move aims to optimize team structure and focus resources on core areas such as security, trading, stablecoins, settlement, and AI-driven infrastructure. According to data disclosed in BitGo’s annual report (with a total of 603 full-time employees by the end of 2025), this round of layoffs may involve about 90 people. Belshe described this as a “one-time adjustment” and does not expect further job cuts in the future. Affected by related news and the overall downturn in the cryptocurrency…

Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet.The price for Gold stood at 35,795.39 Pakistani Rupees (PKR) per gram, down compared with the PKR 35,968.94 it cost on Thursday.The price for Gold decreased to PKR 417,517.20 per tola from PKR 419,534.60 per tola a day earlier.Unit measureGold Price in PKR1 Gram35,795.3910 Grams357,962.80Tola417,517.20Troy Ounce1,113,390.00FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge…

Ripple and SBI Introduce $RLUSD Launch Across Japan Ripple and SBI Holdings, a major Japanese financial services conglomerate, announced on June 24 the launch of Ripple USD ($RLUSD) in Japan after approval from the Japan Financial Services Agency (FSA). The rollout gives institutions and retail users access to the U.S. dollar-backed stablecoin through SBI’s VCTRADE crypto exchange platform. Regulators categorized $RLUSD as an electronic payment instrument under Japan’s Payment Services Act. The designation applies to foreign-issued stablecoins that meet safety and regulatory standards required under Japanese law. Jack McDonald, Senior Vice President of Stablecoins at Ripple, said: “This launch marks…

12 Industrials Stocks Moving In Thursday’s Intraday Session Benzinga Source link