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$305M Outflow from Crypto Products Amid Robust US Economic Data
September 03, 2024 02:21 PM AEST| By Team Kalkine MediaAccording to CoinShares' recent digital asset fund flows report,,{cryptocurrency},related financial products have experienced significant outflows, influenced by recent US economic data. The report, published on September 2, indicates that digital as...
Qatar Unveils Digital Asset Regulatory Framework
September 03, 2024 02:20 PM AEST| By Team Kalkine MediaThe Qatar Financial Centre (QFC) has unveiled a comprehensive regulatory framework for digital assets, aimed at establishing a robust foundation for the sector within its jurisdiction. The new regulations, announced by the Qatar Financial Centre Auth...
Chain Abstraction and Interoperability: zkCross Network AMA Recap
September 03, 2024 02:19 PM AEST| By Team Kalkine MediaBlockchain interoperability has long been a challenge in decentralized finance (DeFi), leading to a fragmented ecosystem where users face difficulties navigating multiple chains and protocols. zkCross Network aims to address these issues through its...
Duke Capital Invests an Additional £3M in United Glass Group
September 03, 2024 09:00 AM AEST| By Team Kalkine MediaOn Tuesday, Duke Capital revealed a follow-on investment of £3 million in its partner, United Glass Group (UGG), marking a significant step in their ongoing collaboration. This latest funding injection is intended to support UGG’s acquisition of Prem...
China's Manufacturing Sector Rebounds to Growth in August, Says Caixin
September 02, 2024 11:29 PM AEST| By Team Kalkine MediaManufacturing activity in China showed signs of recovery in August, as indicated by a private survey released on Monday. The Caixin purchasing managers’ index (PMI) for the manufacturing sector rose to 50.4, up from 48.8 in July and surpassing the co...
REA Group Eyes Rightmove; Kainos Revenue Set to Fall Short
September 02, 2024 11:22 PM AEST| By Team Kalkine MediaThe FTSE 100 is projected to open 24 points higher on Monday, following a slight decline of 0.04% on Friday, ending the session at 8,376.63.,Stocks to Watch,Australian real estate advertising firm REA Group has confirmed ongoing speculation about a p...
UK Companies Poised for Extended Gains Amid Analyst's Recovery Outlook
September 02, 2024 10:53 PM AEST| By Team Kalkine MediaLondon-listed companies are expected to experience a sustained period of growth as the UK economy shows signs of recovery from a challenging phase marked by high inflation and uncertainty. Peel Hunt analysts noted in a report on Monday that a shift i...
Eurozone Manufacturing Decline Extends to 26th Consecutive Month
September 02, 2024 10:13 PM AEST| By Team Kalkine MediaThe eurozone's manufacturing sector experienced continued decline in August, as the regional purchasing managers' index (PMI) remained below the neutral 50-point threshold for the 26th consecutive month. The Hamburg Commercial Bank (HCOB) eurozone ma...
Phoenix's Aurora Trust Proposes Merger with Artemis Alpha
September 02, 2024 09:26 PM AEST| By Team Kalkine MediaPhoenix’s Aurora Investment Trust has proposed a merger with the Artemis Alpha Trust, a move designed to consolidate their combined assets of approximately £353 million. The merger would bring together the £123.7 million Artemis Alpha Trust and the £...
UK Manufacturing Sector Expands at Fastest Rate in Over Two Years
September 02, 2024 09:22 PM AEST| By Team Kalkine MediaUK manufacturing activity surged to its highest level in more than two years in August, according to a new survey released on Monday. The S&P Global manufacturing purchasing managers’ index (PMI) climbed to a 26-month high of 52.5, up from 52.1 in Ju...
Asia Report: Markets Mixed as China Manufacturing Data Falls Short
September 02, 2024 09:21 PM AEST| By Team Kalkine MediaAsia-Pacific markets exhibited mixed results on Monday as investors responded to disappointing manufacturing data from China, which revealed a notable decline.,The official Purchasing Managers' Index (PMI) for August dropped to 49.1, a six-month low,...
How Many Ethereum Layer 2s Are Too Many?
September 02, 2024 09:17 PM AEST| By Team Kalkine MediaThe rapid expansion of layer-2 (L2) solutions, fueled by,{Ethereum},(ETH),Dencun upgrade, has led to a proliferation of new blockchain projects, with 73 currently listed and 82 more in development. Despite this surge, industry experts are expressing...
Bitcoin Price Could Reach $87K by 2025, Faces Key Resistance
September 02, 2024 09:16 PM AEST| By Team Kalkine MediaBitcoin's potential breakout may be postponed until October unless it surpasses a critical resistance level of $59,600.,According to technical analysis by Titan of Crypto,,{Bitcoin},(BTC),is projected to reach $87,000 by early 2025 based on the power...
Broadening Wedge or Bull Flag? Bitcoin Shows Signs of Losing Momentum
September 02, 2024 09:16 PM AEST| By Team Kalkine MediaDespite ongoing accumulation by traders, significant market participants, and ETFs during major price dips, Bitcoin continues to exhibit diminishing momentum, raising questions about the sustainability of the current bull market.,On a weekly timefram...
24X Exchange Files Updated Application for 24/7 Crypto ETF Trading
September 02, 2024 09:15 PM AEST| By Team Kalkine Media24X National Exchange has submitted an amended application to U.S. regulators for the launch of a new securities exchange that could enable 24/7 trading of cryptocurrency exchange-traded funds (ETFs). This move, detailed in an August 27 filing, repre...
HashKey and Kaia Partner to Advance Web3 Adoption
September 02, 2024 09:14 PM AEST| By Team Kalkine MediaHashKey Group and Kaia have announced a strategic partnership aimed at advancing the adoption of Web3 technologies, following Kaia's recent rebranding from Klaytn. This collaboration is set to enhance digital finance, content creation, and security w...
88 Energy Drops Major Update on Global Projects
September 02, 2024 09:05 PM AEST| By Team Kalkine Media88 Energy Ltd, a player in the,oil and gas sector,, provided an update on its projects in Alaska, Texas, and Namibia in its half-year financial report. The company emphasized that Project Phoenix in Alaska remains a primary focus.,Alaska: Progress on...
OpenAI to Expand 'Capped For-Profit' Status to Attract Major Interest
September 02, 2024 06:33 PM AEST| By Team Kalkine MediaOpenAI is reportedly exploring a major overhaul of its corporate structure in preparation for a forthcoming funding round that could value the company at over $100 billion. According to a Financial Times report, the artificial intelligence firm is co...
Crypto Community Reacts to X Suspension in Brazil
September 02, 2024 06:32 PM AEST| By Team Kalkine MediaOn August 30, a Supreme Court justice in Brazil ordered the suspension of X, formerly known as Twitter, following a dispute with the platform's owner, Elon Musk.This decision has prompted significant reactions within the crypto community, with some m...
OKX Secures Crypto License in Singapore
September 02, 2024 06:31 PM AEST| By Team Kalkine MediaCrypto exchange OKX has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing it to expand its services in the region. The MPI license permits OKX to facilitate cross-border money transfers and off...
