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ASX 200 Faces Steep Decline, S&P 500 Drops Amid Growth Concerns
August 02, 2024 10:08 AM AEST| By Team Kalkine MediaASX 200 Futures:,Trading 144 points lower, down 1.81% as of 8:30 am AEST.,Brace for a challenging day – Major US benchmarks closed lower overnight due to disappointing manufacturing and employment data, sparking recession concerns. Intel (INTC) annou...
WOW and Pilbara Minerals Ltd: 2 ASX Shares to Explore
August 01, 2024 02:00 PM AEST| By Team Kalkine MediaWoolworths Group Ltd has experienced an 8% decline in its share price since the beginning of 2024. In contrast, Pilbara Minerals Ltd is currently trading 46% below its 52-week peak. These changes highlight the distinct challenges facing the retail an...
Surefire Resources (ASX: SRN) Secures Dual Listing and Progresses in Vanadium Extraction
August 01, 2024 01:21 PM AEST| By Aditi SarkarHighlights,Surefire has completed its dual listing on the Frankfurt Stock Exchange (DAX) under the code GBL.,A provisional patent was lodged for an enhanced vanadium recovery process.,Specialist consultants Umwelt confirmed no significant risk to sub...
Platina Resources (ASX:PGM) ends quarter with cash boost and advances in gold projects
August 01, 2024 10:58 AM AEST| By Aditi SarkarHighlights,Notable expansion of oxide gold mineralisation at the company’s Ashburton Basin-based Xanadu project.,PGM completed its first ever aircore drilling program at the Beete Project, drilling 202 holes.,Assays from drilling at Beete are anticip...
Bounty Oil and Gas (ASX: BUY) Achieves AU$1.61M Revenue and Boosts Reserves in FY24
August 01, 2024 10:50 AM AEST| By Aditi SarkarHighlights,Bounty’s oil revenue totalled AU$1.61 million for the year ended 30 June 2024.,Reserves in the Alton area have increased to 473,000 barrels.,The company expects annual oil revenue to surpass AU$3 million by 2025.,Bounty plans to expand dri...
ASX 200 set to rise, chip sector rally boosts the S&P 500
August 01, 2024 09:47 AM AEST| By Team Kalkine MediaAs of 8:30 am AEST, ASX 200 futures are trading 17 points higher, up 0.21%.,In the US, major benchmarks ended higher, fueled by a rally in chip stocks. Federal Reserve Chair Jerome Powell indicated that a rate cut 'could be' on the table at the next...
Trump's Bitcoin Sneakers Now Selling for $2,500 on eBay
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaDonald Trump's recently released limited edition Bitcoin-themed sneakers are now being resold on eBay for up to $2,500. Listings for the orange-colored high-tops, the,Bitcoin,-themed sneakers were launched on July 31, have appeared on the platform, w...
Bitcoin Miner Riot Platforms Reports Huge Q2 Loss
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaRiot Platforms, a prominent player in the Bitcoin mining industry, reported its first quarterly loss since Q4 2022, reflecting the ongoing impact of the April halving event. The company disclosed a Q2 net loss of $84.4 million, or $0.32 per share, si...
Bitcoin Might Make a Big Move as Bollinger Bands Tighten
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaA crucial Bitcoin trading indicator has reached its "tightest point" in 12 months, suggesting that a significant price movement may be on the horizon. This indicator, known as Bollinger Bands, measures the volatility and momentum of an asset within a...
Sygnum Bank Predicts Ethereum ETFs Could Hit $10B AUM in First Year
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaThe burgeoning market for Ether exchange-traded funds (ETFs) is poised for notable expansion, with projections suggesting that these financial products could accumulate up to $10 billion in assets under management (AUM) within their inaugural year of...
What’s Keeping Bitcoin’s Price from Rising?
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaBitcoin’s price has been experiencing a prolonged period of fluctuation within a narrow range, oscillating between $65,300 and $68,400 for nearly ten days. This consolidation phase has persisted as the,cryptocurrency,struggles to break through the 20...
South Korean Crypto Exchanges Hit with Unplanned Supervision Fees
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaSupervisory fees marks a crucial step toward increased regulation and oversight in South Korea's,cryptocurrency,industry. Major operators such as Upbit, Bithumb, and Coinone will now be required to pay supervisory fees under the newly enforced Virtua...
What Ethereum (ETH) Needs to Achieve $4K Price Target?
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaEthereum’s price has struggled to surpass the $4,000 mark since March 14, a period before the approval of the Ether spot exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC) on May 23. Despite the initial optimism...
Bitwise Exec Says They're Not Bullish on Crypto Despite Political Influence
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaThe recent Bitcoin 2024 conference in Nashville, Tennessee, has marked a significant turning point in the discussion surrounding,Bitcoin,as a reserve asset. Matt Hougan, Chief Investment Officer at Bitwise, expressed that the idea of Bitcoin being co...
Can $100M in BTC Price Support Keep Bitcoin from Falling to $61K?
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaBitcoin liquidity is currently navigating a critical phase as cryptocurrency faces the challenge of avoiding a deeper price retracement amidst a backdrop of lower highs. As of the latest reports,,Bitcoin,(BTC) is seeing significant fluctuations in it...
Bitcoin Drops Below $65,000 After Federal Reserve Decision
August 01, 2024 12:00 AM AEST| By Team Kalkine MediaBitcoin recently experienced a decline below the $65,000 mark, attributed to the United States Federal Reserve's decision to maintain interest rates and rising tensions in the Middle East. On July 31,,Bitcoin,(BTC) fell to $64,549, marking its first...
3 Ethereum Price Indicators Suggest ETH Could Drop More
July 31, 2024 08:02 PM AEST| By Team Kalkine MediaEthereum’s price has struggled to keep pace with Bitcoin and the broader cryptocurrency market recently. Despite an initial rally of 26% to $3,563 leading up to the launch of spot Ether exchange-traded funds (ETFs),,Ethereum,(ETH) has faced significa...
California DMV to Use Avalanche Blockchain for Car Title Transfers
July 31, 2024 07:58 PM AEST| By Team Kalkine MediaIn a groundbreaking move for digital transformation, the California Department of Motor Vehicles (DMV) has successfully digitized 42 million car titles using the Avalanche blockchain. This initiative marks a significant milestone in California’s broa...
What’s Happening in Crypto this Week
July 31, 2024 07:53 PM AEST| By Team Kalkine MediaIn a significant legal development within the cryptocurrency space, Nader Al-Naji, the founder of BitClout, has been charged with fraud by the United States Securities and Exchange Commission (SEC) and the US Attorney’s Office for the Southern Distri...
Bitcoin Prices Drop to $65K, Creating Concern for Late Investors
July 31, 2024 07:51 PM AEST| By Team Kalkine MediaBitcoin (BTC) has encountered significant pressure in recent days, with a notable increase in leveraged positions and a subsequent drop in price. As,Bitcoin,'s value approached $65,000, many late long positions have been liquidated, highlighting the...
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