Bitcoin has been on a rollercoaster ride this week. After tapping a ten-month high of $30,800 last week, the world’s leading cryptocurrency by market capitalization embarked on a downward trajectory shedding around 9% in the past seven days. At press time, Bitcoin traded at $29,225 after a 2% drop in the past 24 hours. Similarly, Ether faced a drawdown, giving […]

Swedish home appliance major Electrolux AB reported Friday a loss in its first quarter with weak volumes hurt by lower demand. Net sales, however, was higher than last year, and the company maintained its fiscal 2023 forecast. In Stockholm, Electrolux shares were gaining around 9 percent. President and CEO Jonas Samuelson said, “Our number one priority for 2023 is a […]

Bitcoin, the world’s largest cryptocurrency by market capitalization, managed to end the week on a strong note, defying bearish pressure and a wave of negative regulatory news. The cryptocurrency started the week on a promising note but faced extreme volatility Wednesday before stabilizing as reports of the collapse of First Republic Bank shares sparked fresh banking crisis fears in the […]

Senator Ted Cruz didn’t hold back at a recent policy conference when sharing his genuine enthusiasm for Bitcoin. On April 26, 2023, Senator Ted Cruz, a Republican from Texas and Ranking Member of the Senate Committee on Commerce, Science, and Transportation, elucidated his viewpoint on Bitcoin at the Bitcoin Policy Summit in Washington, D.C. This event, spanning one day, was […]

As the allure of Bitcoin begins to fade, an ancient asset is captivating the attention of modern investors. On April 24, The Wall Street Journal published an article titled “‘How to Buy Gold’ Hits a Google Record as Crypto Investors Chase World’s Oldest Asset” by Markets Reporter Hardika Singh. According to the report, some cryptocurrency investors, after experiencing the volatile […]

On April 23, 2011, the enigmatic creator of Bitcoin, Satoshi Nakamoto, sent his final emails to fellow developers in which he made it clear he had “moved on to other projects,” at the time handing over a cryptographic key he had used to send network-wide alerts. Fast forward to April 2023, and the Bitcoin story is, in many ways, still […]

Cryptocurrencies dropped more than half a percent in the past 24 hours amidst renewed concerns about inflation, interest rate hikes and recession. Sentiment also weakened as cryptos brace for a tougher regulatory environment, with the European parliament passing MiCA, the first comprehensive rules for digital crypto asset service providers that encompasses all sorts of crypto assets and stablecoins. Hopes of […]

Shares of specialty insurer RLI Corp. (RLI) are rising more than 8% Thurssday morning after reporting better-than-expected results for the first quarter. Net earnings were $98.81 million or $2.15 per share for the first quarter, higher than $47.92 million or $1.05 per share last year. Excluding one-time items, operating EPS was $1.63, that beat the average estimate of analysts polled […]

Bitcoin suddenly reversed course on Wednesday, with the BTC price tanking to as low as $29,014 in the span of a few hours. Futures traders betting on a continued uptrend of crypto prices racked up over $241 million in losses to liquidations. Long Liquidations Top $241 Million Bitcoin dived by around 3.6% to just over $29K on April 19, reaching […]