LONDON: Fintech firm Amazing AI Plc (AQSE: AAI) said on Tuesday it would spin off 80.01% of its Mauritius-based subsidiary, which holds a digital asset treasury, to its existing shareholders as it looks to focus on its core online consumer loans business. The disposal of Amazing AI Services Ltd, for nil consideration, will see AAI shareholders…
Tag: bitcoin
America’s Digital Dollar Gambit: How Stablecoins Became a Geopolitical Tool
A new report reveals the strategic use of private stablecoins to defend US economic hegemony, while experts warn of hidden risks mirroring the 2008 financial crisis. In the shadow of Bitcoin’s rise as “digital gold,” a quieter but more profound financial revolution is underway. Stablecoins—digital tokens pegged to traditional currencies like the US dollar—now account…
US stocks edge higher, Nasdaq hits record as trade fears ease; Bitcoin tops $123,000
Dow Jones add 88 points; CPI, bank earnings in focus U.S. stocks closed modestly higher on Monday, with the Nasdaq Composite sealing a fresh record, as investors looked past renewed global trade tensions toward upcoming inflation data and corporate earnings. The tech-heavy Nasdaq (IXIC) rose 0.27% to 20,640.33, its fourth consecutive all-time high. The S&P…
Stocks rally to fresh highs as Nvidia tops $4T, Bitcoin breaks records
Dow Jones climbs 0.6% in Wall Street rally and Bitcoin smashes past $113K U.S. stocks climbed to fresh record highs Thursday, boosted by gains in Nvidia and a new peak for Bitcoin, as investors shrugged off escalating trade rhetoric from President Donald Trump. The Dow Jones Industrial Average rose 0.6%, while the S&P 500 added…
Stocks mixed as investors weigh Trump’s tariff reprieve, tech shares waver
Dow Jones slips 0.4% as trade uncertainty lingers U.S. stocks closed narrowly mixed Tuesday as investors digested President Donald Trump’s decision to delay the return of sweeping tariffs while bracing for renewed trade tensions in August. The S&P 500 (GSPC) edged down less than 0.1%, while the Dow Jones Industrial Average (DJI) fell 0.4%. The Nasdaq Composite (IXIC) inched up less…
Stocks soar to record highs despite trade turbulence: What’s next for markets?
“Dow Jones Surges 400 Points as Tech Stocks Rally; Nike Leads Gains” Wall Street shrugged off fresh trade tensions Friday as the S&P 500 and Nasdaq Composite surged to record highs, fueled by optimism over U.S.-China trade progress and expectations of Federal Reserve rate cuts later this year. Markets Hit New Peaks The S&P 500…
Wall Street rally slows amid geopolitical truce and Fed caution
AI and crypto stocks lead market as traders weigh ceasefire stability, Fed signals Stocks treaded water Wednesday, pausing after a two-day rally that pushed major indexes to within arm’s reach of their all-time highs. While investor sentiment has warmed on easing geopolitical tensions and resilient earnings, markets remain locked in a tug-of-war between long-term tech…
Markets shake off U.S.-Iran escalation as oil slips, stocks rally on Fed optimism
Dow, Nasdaq, and S&P 500 rebound as oil prices dip and investors eye July Fed rate cut Global markets on Monday appeared to shrug off rising tensions in the Middle East after the U.S. joined Israel in launching airstrikes on Iranian nuclear facilities over the weekend. Despite fears of regional escalation, both stock and commodity…
Tesla Roundup: Crypto Endorsements, Political Backlash, and Charging Innovations
Elon Musk’s Crypto Endorsement and Political Moves Elon Musk, the Tesla billionaire, has recently endorsed bitcoin and backed Howard Lutnick for Trump’s Treasury secretary. This move comes amid Musk’s warnings about U.S. government spending and potential financial emergencies. His endorsement of Donald Trump has sparked anger among some Tesla owners, leading them to buy anti-Musk…
How to Succeed in the Crypto Market: The Bitcoin Blueprint
The crypto market is a thrilling and challenging space, where you can make or lose a fortune in a blink of an eye. But there is a way to master this complex and exciting world, and that is by following the Bitcoin Blueprint. The Bitcoin Blueprint is a set of rules and guidelines that can…
How To Recover Lost Crypto Funds
If you are a victim of crypto theft, you might feel helpless and hopeless. However, don’t lose hope yet. There are some steps you can take to try to recover your lost Crypto funds and prevent further losses. In this blog, we will share some tips on how to deal with crypto theft and protect…
Celsius Network emerges from bankruptcy, creates new Bitcoin mining company
Celsius Network, a cryptocurrency lending platform, has successfully emerged from bankruptcy after completing its plan of reorganization. The plan, which was approved by 98% of its account holders and the Bankruptcy Court, involved distributing over $3 billion of cryptocurrency and fiat to its creditors and creating a new Bitcoin mining company called Ionic Digital. Ionic…