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Avi Eisenberg convicted in $110m Mango Markets scam
Crypto trader Avraham “Avi” Eisenberg has been convicted on all counts of fraud and manipulation in a $110 million cryptocurrency trading scheme involving the Mango Markets platform. This landmark verdict marks the first instance where a…
Economic milestone – UAE and Costa Rica sign key accord
In a significant development aimed at bolstering economic ties between nations, President Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE), and Rodrigo Chaves Robles, President of Costa Rica, recently presided over the…
Geopolitical heat ignites gold surge; analysts express optimism
Gold and silver investors might be eyeing a potential windfall this week as tensions escalate in the Middle East, according to financial analyst Peter Spina, who heads investor platforms GoldSeek and SilverSeek. Spina suggests that the…
Market rally – Adidas shares jump 8% on brightened outlook
In a surprising turn of events, Adidas witnessed an 8.2% surge in its shares on Wednesday, propelled by the company’s unforeseen elevation of its full-year guidance coupled with a notable year-on-year profit surge during the initial…
Bitcoin’s rollercoaster ride with halving event approaching
Bitcoin’s trajectory resembles a turbulent rollercoaster ride as the looming prospect of the Bitcoin “halving” event casts a shadow over the market. Following Hong Kong’s green light for spot Bitcoin ETFs, the leading cryptocurrency surged…
Microsoft’s $1.5 billion boost drives G42 and AI partnership globally
In a move set to galvanize the landscape of artificial intelligence (AI) development, Microsoft has announced a hefty $1.5 billion investment in G42, the foremost AI technology holding company headquartered in the UAE.
The strategic…
Bitcoin’s $62K dive sparks exodus amid market mayhem
In a swift and tumultuous turn of events, the cryptocurrency market witnessed a significant downturn on Friday evening, followed by another violent plunge on Saturday. This downward spiral resulted in a massive outflow of approximately $200…
Senate’s push for stablecoin regulation reform intensifies
Senator Kirsten Gillibrand announced plans to unveil new legislation aimed at regulating stablecoins, a move anticipated to occur as early as this week. Speaking at the Bitcoin Policy Summit held at the National Press Club in Washington on…
ADB projects India’s economy to grow steadily by 7% in FY2024
The Asian Development Bank (ADB) has revised its projection for India’s gross domestic product (GDP) growth in the fiscal year (FY) 2024, anticipating a solid expansion of 7%. This upgrade, disclosed in the latest release of the ADB’s…
OPEC predicts 2.25 million bpd surge in global oil demand
The Organisation of the Petroleum Exporting Countries (OPEC) announced Thursday that it anticipates a surge in world oil demand, projecting an increase of 2.25 million barrels per day (bpd) in 2024 and 1.85 million bpd in 2025. In its…