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News
What's Behind Bitcoin's $60,000 Price Spike?
August 09, 2024 02:40 PM AEST| By Team Kalkine MediaBitcoin (BTC) experienced a significant rally, increasing by over $5,100 and reaching 24-hour gains of 8.3%. This substantial rise brought,Bitcoin,close to the $60,000 mark, trading at approximately $61,446 at the time of reporting. The rally from a...
REA Group reports 23% revenue surge and 24% net profit increase for FY 2024
August 09, 2024 02:39 PM AEST| By InvestingREA Group has reported robust financial results for the fiscal year ending June 30, 2024. The company saw a 23% increase in revenue and a 24% rise in net profit year-over-year.
Bitcoin's Valuation Metric Hits Historic Low Amid Market Downturn
August 09, 2024 02:39 PM AEST| By Team Kalkine MediaA popular Bitcoin valuation metric has reached levels not seen since the downfall of the FTX,cryptocurrency,exchange in November 2022, suggesting that,Bitcoin,may be significantly undervalued. This indicator, known as the Mayer Multiple, compares Bit...
Crypto Trading Volumes Reach $4.94 Trillion After Market Decline
August 09, 2024 02:38 PM AEST| By Team Kalkine MediaIn a notable shift, global trading volumes on centralized cryptocurrency exchanges saw a significant increase in July, reaching $4.94 trillion. This represents a 19% rise, marking the first upward trend in trading volumes in four months. Both spot an...
Why Bitcoin's Market Dominance Presents a Challenge for Ethereum?
August 09, 2024 02:37 PM AEST| By Team Kalkine MediaEthereum’s native token, Ether (ETH), faced significant declines against Bitcoin (BTC) on August 5, reaching its lowest point in three years. This drop occurred amid global market turbulence and has contributed to a 25% decrease in year-to-date retur...
Asia FX firms on positive US, China readings; yen faces renewed pressure
August 09, 2024 02:36 PM AEST| By InvestingInvesting.com-- Most Asian currencies strengthened on Friday as positive economic readings from the U.S. and China helped soothe concerns over a recession, although improved risk appetite put renewed
What’s Behind the XRP's 26% Surge?
August 09, 2024 02:36 PM AEST| By Team Kalkine MediaXRP's price surged by 26% following significant developments in the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC). On August 7, a New York federal judge's decision to impose a $125 million civil penalty on...
Asian stocks rise on cooling recession fears, positive China inflation
August 09, 2024 01:20 PM AEST| By InvestingInvesting.com-- Asian stocks rose on Friday amid cooling fears that a U.S. recession was imminent, while mildly positive inflation data from China also helped spruce up sentiment.
"TOWNPLACE" by Sun Hung Kai Properties is Honoured as Official Accommodation Partner for The World Games Series 2024 Hong Kong
August 09, 2024 01:08 PM AEST| By CisionSupporting Hong Kong's Role in Global Sports Event Hosting HONG KONG, Aug. 9, 2024 /PRNewswire/ -- As the world focuses on the Paris 2024 Olympics, the Hong Kong delegation's triumphs continue to make...
Next-Gen CO VRF: Trane Launches GEN Elite C Series VRF in Asia Pacific
August 09, 2024 01:00 PM AEST| By CisionSHANGHAI, Aug. 9, 2024 /PRNewswire/ -- Trane® - by Trane Technologies (NYSE: TT), a global climate innovator, announces its new GEN Elite C Series VRF system, a Cooling Only Variable Refrig...
Dual Upgrade in Scale and Quality: 31st Guzhen Lighting Fair Adds New Hall H and Revamps Shenzhen-Zhongshan Brand Zone to Set New Industry Benchmarks
August 09, 2024 12:59 PM AEST| By CisionZHONGSHAN, China, Aug. 9, 2024 /PRNewswire/ -- After overcoming recent challenges and accumulating experience, the lighting industry chain is showing positive signs of steady growth. From January to M...
OSL Appoints Kevin Cui as New CEO to Lead the Next Phase of Growth
August 09, 2024 12:53 PM AEST| By CisionKevin Cui's Leadership to Enhance OSL's Commitment to Regulatory Compliance, Security, and User Experience HONG KONG, Aug. 9, 2024 /PRNewswire/ -- OSL, a leading regulated digital asset platfor...
MFE Formwork Technology Sdn Bhd: Setting New Benchmarks in the Construction Industry
August 09, 2024 12:46 PM AEST| By CisionSINGAPORE, Aug. 9, 2024 /PRNewswire/ -- Having done business in over 54 countries across the globe from New Zealand to Latin America, MFE Formwork Technology Sdn Bhd is seen as the market leader,...
ASX Sees Broad Rally, While QBE Ltd (ASX: QBE) Faces Decline
August 09, 2024 12:36 PM AEST| By Team Kalkine MediaAustralian shares experienced a broad rally shortly after the market opened, mirroring the positive sentiment from Wall Street. This upbeat movement followed the latest US jobless claims data, which eased concerns about a potential economic recession...
Infinitix Partners with ENLight and Supermicro to Establish Asia's Most Advanced AI Computing Center
August 09, 2024 12:19 PM AEST| By CisionTAIPEI, Aug. 9, 2024 /PRNewswire/ – Infinitix announced in July its involvement in establishing the Asia Artificial Intelligence Computing Center (AICC), a premier intelligent computing hub in the reg...
Australian Shares Surge 1.04% as Wall Street Rallies on Positive Jobless Claims Data
August 09, 2024 12:15 PM AEST| By Team Kalkine MediaHighlights:,Australian,Shares Rise 1.04%,:,The S&P/ASX 200 index climbed 1.04% to 7,761.70, driven by technology stocks and positive US jobless claims data that alleviated recession concerns.,Top,Performers and Decliners,:,Life360 (ASX:360) surged 17...
Funding and Approvals Drive Tempest Minerals (ASX:TEM) Advances at Yalgoo and FiveWheels Projects
August 09, 2024 12:15 PM AEST| By Aditi SarkarHighlights,Tempest has secured AU$1 million from TOK share sale to boost exploration capital.,Regulatory approval granted for a 5,000m expanded drilling program at Yalgoo’s Remorse target.,FiveWheels project received AU$230K government grant for an u...
Giant Pandas Make Public Debut During Historic Day at San Diego Zoo
August 09, 2024 12:00 PM AEST| By CisionPanda Ridge, the New Home for Yun Chuan and Xin Bao, Opens Following Celebration Attended by US and Chinese Dignitaries SAN DIEGO, Aug. 9, 2024 /PRNewswire/ -- Yun Chuan (yoon chu-an) and Xin...
Bitfarms Stock Jumps 22% as Q2 Loss Beats Expectations
August 09, 2024 11:56 AM AEST| By Team Kalkine MediaHeadlines :,[,Bitfarms,] Stock Rises 22%,:,[,Bitfarms,] saw a 22% increase in stock value following better-than-expected Q2 earnings, reporting a loss of 7 cents per share compared to the forecasted 11 cents.,Revenue,Decline and Halving Impact,:,The...
Bitcoin Surges Back to $62K, Forming a 'Massive Bull Hammer' on the Price Chart
August 09, 2024 11:50 AM AEST| By Team Kalkine MediaHeadlines:,[,Bitcoin] Surpasses $62,000,:,[Bitcoin],has,crossed $62,000 for the first time since August 3, marking a significant rebound from its recent drop below $50,000, known as "Crypto Black Monday.",Bullish,Pattern Identified,:,Traders point to...
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