Chinese newspaper warns of Bitcoin extortion scam using its name
China Business Journal says fraudsters impersonated the publication, demanding Bitcoin to suppress purported investigative reports about targeted companies.
Finance
French economy grew 0.2 percent in second quarter
The war in Ukraine led to a rapid deterioration of the Euro Area economic outlook. As a result, The Conference Board downgraded estimates for growth for 2022 and 2023. Before the war, GDP growth in the Euro Area was exp…
WTI Oil extends gains beyond $84.00 as US resumes strikes in Iran
Oil prices have risen about 7% over the last two days, pushing the price of the US benchmark West Texas Intermediate (WTI) barrel to levels above $84.00 on Thursday, up from the $77.16 lows seen earlier in the week. The…
WTI falls below $83.00 despite hostilities in the Middle East
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.80 during the early Asian trading hours on Thursday. WTI falls amid some profit-taking despite escalating conflicts in the Middle East.
PBOC sets USD/CNY reference rate at 6.7892 vs. 6.7899 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7892 compared to the previous day's fix of 6.7899.
United States Dollar Index regains ground on further escalation in Middle East war
The US Dollar (USD) trades slightly positive in the Asian session on Thursday after a juggernaut fall the previous day. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major curr…
Luno cuts 20% of staff as crypto layoffs spread across 12 firms in July
Luno and Gnosis joined a widening round of crypto restructurings in July, when at least 12 companies reported job cuts.
The market is overreacting to Meta's earnings and guidance. Here's our plan
In the opening months of 2026, shares of Meta Platforms (META -1.31%) have dropped sharply -- erasing roughly 14% of their value year to date and trading about 28% below all-time high prices near $780 in late 2025.
AUD/USD Price Forecast: Struggles near 0.6950 as bears retain control below 100-EMA on H4
The AUD/USD pair turns lower following a modest Asian session uptick to the 0.6965 region on Thursday amid the emergence of some US Dollar (USD) dip-buying. Spot prices, however, hold above an over two-week low, touched…
Canadian Dollar consolidates as Mideast crisis supports oil and USD ahead of US data
The USD/CAD pair is seen consolidating below mid-1.4000s during the Asian session on Thursday, though it remains close to an over one-week trough touched the previous day. However, a mixed fundamental backdrop warrants …
Japanese game developer launches Bitcoin, altcoin fund with SBI
The Bitcoin and altcoin fund builds on Gumi’s growing crypto business centered around XRP, with the company nearly doubling its crypto holdings over the past year.
Bitcoin's quantum plan assumes some algorithms break. AI just weakened one in 60 hours
AI heavyweight Anthropic said earlier this week that its Claude Mythos Preview model had discovered an attack that halves the effective key strength of HAWK, a proposed replacement for the digital signatures that protec…
Crypto News: Robinhood Q2 Revenue Jumps 32% To $1.31 Billion
Robinhood delivered its strongest quarter yet, posting record Q2 revenue of $1.31 billion, up 32% year-over-year, while net income climbed 48% to $573 million and earnings per share reached $0.62 as per the report. But …
Swiss Franc erodes part of Wednesday's gains to one-week top amid reviving USD demand
The USD/CHF pair regains positive traction on Thursday, rebounding from a one-week low and stalling its retracement slide from over a one-year high – levels just above the 0.8200 mark. Spot prices climb back above mid-0…
Silver Price Forecast: XAG/USD remains below $58.00 amid Fed hawkish pause
Silver price (XAG/USD) depreciates after registering modest gains in the previous day, trading around $57.90 per troy ounce during the Asian hours on Thursday. However, Silver prices gained following the Federal Reserve…
EUR/JPY Price Forecast: Trades near 187.00 after pulling back from ascending channel top
EUR/JPY depreciates after two days of gains, trading around 187.20 during the Asian hours on Thursday. The currency cross is maintaining a bullish near-term bias as it holds above both the nine-day and 50-day Exponentia…
Yemen's Houthis reportedly considering fees for ships sailing through Red Sea
Yemen’s Iran-backed Houthi rebels are considering imposing fees on commercial ships sailing through the southern Red Sea, Reuters reported on Wednesday. This development came a week after the Houthi declared a naval blo…
We're raising our price target on Starbucks after a home-run quarter
Cetera Investment Advisers grew its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Th…
British Pound retreats from weekly high vs firmer USD as focus shifts to BoE, US data
The GBP/USD pair struggles to capitalize on the previous day's strong move up to the weekly high and drifts lower during the Asian session on Thursday. Spot prices currently trade around mid-1.3300s, down over 0.10% for…
BREAKING: Russia’s Biggest Crypto Miner Sent To Detention In 1 Billion Ruble Fraud Case
The post BREAKING: Russia’s Biggest Crypto Miner Sent To Detention In 1 Billion Ruble Fraud Case appeared first on Coinpedia Fintech News
Arthur Hayes Explains Why Bitcoin Is Still Stuck Despite Money Printing
The post Arthur Hayes Explains Why Bitcoin Is Still Stuck Despite Money Printing appeared first on Coinpedia Fintech News
Australian Dollar gains despite cooling domestic Inflation, hawkish Fed hold
AUD/USD inches higher after two days of losses, trading around 0.6960 during the Asian hours on Thursday. The currency pair may face potential downside pressure as the US Dollar (USD) could gain strength following a haw…
Binance.US to attempt prediction markets entry as CFTC-licensed entity, says CEO
The CEO of the US crypto exchange said that the company would apply for a license with the CFTC in August allowing it to offer prediction markets.
Lummis Warns Clarity Act Delay Is ‘A Deliberate Decision’ To Kill The Bill
Senator Cynthia Lummis took to the Senate floor to defend the Digital Asset Market Clarity Act, telling colleagues she plans to keep speaking on the bill through the following day. She called it good for the country, go…