The recent approval of 11 spot bitcoin Exchange-Traded Funds (ETFs) by the Securities and Exchange Commission (SEC) signals a significant turning point for cryptocurrency investors. The introduction of these ETFs, including the ARK 21Shares Bitcoin ETF led by Ark Invest CEO Cathie Wood, is expected to make bitcoin more accessible and pave the way for
Finance
China, known as the world’s manufacturing powerhouse, experienced a notable setback in 2023 as its annual exports fell for the first time in seven years. This decline in exports, coupled with a marginal rise in imports, highlights the complex dynamics of global trade and the challenges faced by the Chinese economy. Amidst slower global growth
The recent approval of bitcoin exchange-traded funds (ETFs) in the U.S. has sparked concerns among traders regarding the potential impact on popular crypto trading platforms, Coinbase and Robinhood. As a result, shares of Coinbase dropped 6.7%, while Robinhood saw a decline of 3.5%. These losses were further accelerated by a decrease in the price of
The year 2023 proved to be a challenging one for the fintech industry, as global investment plummeted by 48%. According to data from Innovate Finance, a financial technology industry body, investments in fintechs amounted to $51.2 billion, a significant decrease from the $99 billion invested in 2022. This decline can be attributed to higher interest
Gift cards are a popular choice during the holiday season, with a significant percentage of consumers planning to give them as gifts. However, a staggering number of Americans end up not using these gift cards, resulting in billions of dollars in unused balances. If you find yourself with unused gift cards gathering dust, there are
The crypto community is brimming with anticipation as they await the long-awaited ruling from the U.S. Securities and Exchange Commission (SEC) regarding the approval of a spot bitcoin exchange-traded fund (ETF). This development comes after more than a decade of unsuccessful attempts to obtain approval. Thirteen companies have filed applications for a spot bitcoin ETF,
Wall Street forecaster Jim Bianco has made a bold prediction that the benchmark 10-year Treasury note yield will reach an astonishing 5.5% this year, a level not seen since May 2001. While such a prediction certainly raises eyebrows, it’s important to critically analyze the basis of this forecast. One of the key pillars of Bianco’s
Federal Reserve officials recently released minutes from a meeting held in December 2023, during which they discussed the possibility of interest rate cuts in 2024. The minutes revealed that while members of the rate-setting Federal Open Market Committee agreed to maintain the benchmark rate at its current level, they anticipated three quarter-percentage point cuts by
The Chinese electric car giant BYD has once again outperformed Tesla in production, with over 3 million new energy vehicles produced in 2023. This marks the second consecutive year that BYD has surpassed Tesla’s production. While Tesla has yet to release its full-year figures, it reported 1.35 million cars produced in the first three quarters