Shares of EOG Resources, Inc. (EOG) are rising more than 5% Friday morning at $146.44, after reporting improved third quarter results. Profit in the third quarter increased more than 100% to $2.854 billion or $4.86 per share, from $1.095 billion or $1.88 per share in the same quarter a year ago. Excluding one-time items, earnings were $2.179 billion or $3.71 […]

Cryptos remain muted post the Fed’s indication on Wednesday that interest rates would be higher going forward, even if the pace of hikes were to slow down. World markets retreated in response to the Fed’s hawkish forward guidance alongside the fourth straight 75-basis points hike in interest rates. The 75-basis points hike delivered by the Bank of England on Thursday […]

On Wednesday (2 November 2022), Charles Edwards, Co-Founder of digital asset management firm Capriole Investments, introduced a new Bitcoin valuation tool.  Edwards took to Twitter earlier today to say that his “Bitcoin Yardstick” metric is a very simple way to figure out how cheap/expensive Bitcoin is at any particular time: He went on to say: “Similar in concept to a PE […]

World markets remained cautious ahead of the Fed’s interest rate decision due on Wednesday. Investors weighed the prospects of Fed slowing down on its rate hikes as well as the risks of a potential overtightening. Asian stocks finished on a mixed note. European benchmarks are trading near the flatline. Wall Street futures indicate mild gains. Dollar retreated, dragging the Dollar […]

Bitcoin’s spring above $20,000 this week may have brought a sigh of relief for many, but the top cryptocurrency is yet to get out of the woods, according to onchain analytics firm Cryptoquant. Bitcoin added roughly 7% in the past seven days and perched above the $20,000 psychological level after staying range-bound for about two weeks. However, since October 27, […]

Recently, Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), shared his thoughts on Bitcoin. On 19 October 2022, McGlone said: “It’s little surprise that a relatively new asset that had skyrocketed has declined due to the rapid pace of Federal Reserve tightening in 2022, but Bitcoin is showing signs of bottoming and divergent strength in 4Q. The […]

On Thursday (October 27), Michael Saylor, Co-Founder and Executive Chairman of business intelligence software company MicroStrategy Inc. (NASDAQ: MSTR), talked about how his company’s stock has performed compared to big tech stocks since the firm adopted the Bitcoin standard. It is worth remembering that on 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate […]

On Thursday (October 27), in a filing with the U.S. Securities and Exchange Commission (“SEC”), Core Scientific (Nasdaq: CORZ), which is one of the world’s largest publicly-traded companies, disclosed that it was having financial difficulties, which could lead to the firm going bankrupt. Core Scientific has three lines of business: “Purpose-built development and operation infrastructure for blockchain computing” “Fully integrated […]

A popular cryptocurrency analyst known in the cryptocurrency space for accurately predicting Bitcoin’s May 2021 price crash, has recently suggested that the flagship cryptocurrency could soon rally. In a series of tweets shared with their over 120,000 followers on the microblogging platform, analyst Dave the Wave shared charts showing that Bitcoin’s price could move upwards before the end of the […]