Author: Journalist

Cryptocurrencies continued to this week’s decline on Tuesday, with altcoins in near-freefall as bitcoin (BTC) slid further from the $100,000 level. Among the worst-hit cryptos were XRP, Polkadot (DOT), Litecoin (LTC), Aptos (APT) and Cardano (ADA), down 15%-18% over the past 24 hours, extending Monday declines. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding memecoins, stablecoins and exchange coins — tumbled almost 10% Most cryptos in the index plunged by double-digit percentage amount at the minimum, though Ethereum’s ether (ETH) and Solana’s SOL fell just 8% and 9%, respectively. Bitcoin, in comparison, held…

Everyone always has a lot to say about Justin Sun, but the founder of Tron, the third largest blockchain by market cap according to DeFi Llama data, tends to ignore the critics and focus on BUIDLing. It’s tough to write a story about Sun without first mentioning his wealth, however. On-chain data tracked by Arkham Intelligence shows that Sun’s crypto holdings are up by almost $700 million this year, from $1.5 billion at the start of the year to $2.2 billion today, making him crypto’s richest person (at least identified person; Satoshi may have more wealth). This profile is part…

ABU DHABI, UAE, Dec. 10, 2024 /PRNewswire/ — Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of the Executive Council, one of MENA’s most anticipated four-day event series – Abu Dhabi Finance Week (ADFW) commenced with a grand opening ceremony in the ADQ Arena in ADGM, setting the stage for more than 60 events and breakout events throughout the week. ADGM logo In an exclusive setting, with ADQ as the headline partner, ADFW 2024 officially opened in the presence of H.H. Sheikh Khaled bin Mohamed bin Zayed Al…

US stocks pulled back on Monday as Nvidia (NVDA) shares slipped amid a Chinese antitrust probe and as investors prepared for this week’s consumer inflation report, The Dow Jones Industrial Average (^DJI) edged down 0.2%, coming off a losing week for the blue-chip index. The S&P 500 (^GSPC) fell 0.4%, while the tech-heavy Nasdaq Composite (^IXIC) sank 0.5% in the wake of fresh records for both. The next test for Wall Street stocks comes in a consumer inflation report, which will set the stage for the Federal Reserve’s final interest rate decision of the year. The November Consumer Price Index…

Company Logo The Glass Fiber-Reinforced Composites segment is expected to reach US$85.1 Billion by 2030 with a CAGR of a 5.8%. The Carbon Fiber-Reinforced Composites segment is also set to grow at 7.4% CAGR over the analysis period. Fiber-Reinforced Composites Market Fiber-Reinforced Composites Market Dublin, Dec. 06, 2024 (GLOBE NEWSWIRE) — The “Fiber-Reinforced Composites – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.The global market for Fiber-Reinforced Composites was estimated at US$101.8 Billion in 2023 and is projected to reach US$151.3 Billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030.Innovations in FRC technology are…

Bitcoin’s (BTC) pullback from the $100,000 level after continuously hitting fresh new highs is only a temporary setback before eventually shooting past the barrier to even higher prices, crypto analytics firm CryptoQuant said. According to a Wednesday report shared with CoinDesk, multiple blockchain data metrics suggest that the largest crypto has more room to run before topping. CryptoQuant’s custom P&L index, which combines several on-chain valuation metrics to signal whether BTC is overvalued or undervalued, shows that the asset is firmly in a bull market but far from the overvalued levels it reached at the previous market peaks in 2021,…

The wellness services market is growing due to increased investment in corporate wellness programs. Companies must understand that wellness consumers are diverse, with high-income wellness enthusiasts who engage with brands on social media and stay updated on new products and trends.NEWARK, Del, Dec. 03, 2024 (GLOBE NEWSWIRE) — The global wellness services market is on a robust growth trajectory, projected to rise from USD 4,937.49 billion in 2022 to USD 8,433.95 billion by 2032, registering a steady compound annual growth rate (CAGR) of 5.5% over the forecast period. This growth is fueled by mounting healthcare costs, increasing health awareness among…

By YP Rajesh and Shilpa Jamkhandikar NEW DELHI (Reuters) – India and China will consider “other aspects” of their bilateral ties in a calibrated manner now that they have completed pulling back their troops from the last two face-off points on their Himalayan border, India’s foreign minister said on Tuesday. The comments came six weeks after New Delhi and Beijing reached a deal to resolve a four-year military stand-off that had damaged the relationship between the Asian giants, indicating that India is willing to improve business ties that were also hurt. Relations between the world’s two most populous nations -…

There’s something about major psychological price levels, like bitcoin’s (BTC) $100,000 mark. As prices near these thresholds, anything tied to the asset gets an extra spark of energy. The Nasdaq-listed ProShares UltraShort Bitcoin ETF (SBIT) is a case in point, posting record trading volume of over 8 million shares on Nov. 13 as bitcoin topped $90,000 for the first time and strengthening the case for a rally into six figures by year-end, data tracked by TradingView show. Since then, BTC has held between $90,000 and $100,000, and the ETF’s daily trading volume has averaged just over 5 million shares. That’s…

Nov. 30, is the last trading day of the month, so all eyes will be on bitcoin’s (BTC) monthly candle. Bitcoin is less than 4% away from the psychological wall of $100,000. While the $9 billion worth of options expiry for bitcoin has just expired, which has sent the token slightly higher on the day to over $96,000. CoinGlass data shows that November has been one of the strongest months for bitcoin for several years, currently up over 36%, which would be the fourth best performing month since October 2021. November’s rise has only been beaten thrice February 2024 (44%),…