Aurelia Butler

More stories

  • 175 Shares159 Views

    in Cryptocurrency

    ‘Rich Dad Poor Dad’ Author Says Bitcoin About to Surpass $100,000: ‘Hang On Tight’

    “Hang on tight as Bitcoin hits new highs,” he stated. Meanwhile, the global bellwether cryptocurrency has printed a new all-time high of around $99,500 and has come very close to the $100,000 price mark.Kiyosaki has been a long-term fan of Bitcoin. He bet on it when the pandemic broke out four years ago, making the U.S. government print survival checks. Then, as the Fed Reserve continued printing, the “Rich Dad Poor Dad” author continued tweeting bullishly about BTC, calling it a safe-haven asset along with gold and silver and saying that he continues to accumulate all three.Once Kiyosaki stated that even if BTC crashes hard, he would just stock up on it at cheap prices since he always uses crashes to buy valuable assets at a low cost. However, in a recent tweet, Kiyosaki warned that he would stop accumulating Bitcoin once it passes the $100,000 line: “I will keep buying more Bitcoin till it passes $100,000. Then I will stop. Not a time to get greedy.”Dogecoin cofounder Billy Markus, known on social media as Shibetoshi Nakamoto (a parody of the Bitcoin creator’s pseudonym) also tweeted that he expects Bitcoin to hit $100,000 “when he sleeps.” Markus also added a “request” to BTC in his message, asking the major cryptocurrency not to hit $100K and crash instantly: “100k you can come while i sleep just don’t hit it and insta crash.”Over the past 24 hours, Bitcoin has added roughly $3,000, soaring from $96,700 to the $99,502 record peak. Since the week began, it has printed an immense growth of 11.7%, spiking from the $89,000 zone.This article was originally published on U.Today More

  • 100 Shares159 Views

    in Economy

    Globalisation is not dead — it’s just changed

    $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More

  • 138 Shares199 Views

    in Economy

    UK firms report first contraction since 2023 after budget, PMI shows

    LONDON (Reuters) -The new British government’s plan to increase taxes on businesses contributed to the first contraction in private sector activity in over a year, a survey showed, after signs the economy was losing momentum even before last month’s budget.The preliminary S&P Global Flash Composite Purchasing Managers’ Index, published on Friday, fell to 49.9 in November from 51.8 in October.”The first survey on the health of the economy after the budget makes for gloomy reading,” Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said.It is the first time the index has been below the 50.0 no-change level in 13 months.Williamson said the survey suggested the economy was contracting at a quarterly 0.1% pace, but the hit to confidence hinted at worse to come, including further job losses. Sterling fell to stand half a cent lower against the U.S. dollar on the day, with investors almost fully pricing in the Bank of England cutting interest rates to 4% by the end of 2025 from 4.75% now.”For policymakers, the key question now will be to assess whether the potential inflationary hit from higher taxes offsets the potential demand hit from weaker private demand,” Sanjay Raja, Deutsche Bank (ETR:DBKGn)’s chief UK economist, said.Some manufacturers worried about renewed trade tensions once Donald Trump becomes the next U.S president. Others hoped clarity after the vote would unblock investment decisions.The PMI also showed employers cut staffing levels for a second month in a row while the measure of overall new business was the weakest in a year.A weaker outlook for the global economy weighed on companies with the automotive sector in a slump. But the first moves of Britain’s Labour government were also a cause for concern.”Companies are giving a clear ‘thumbs down’ to the policies announced in the budget, especially the planned increase in employers’ National Insurance Contributions,” Williamson said.WEAKENING MOMENTUM Finance minister Rachel Reeves increased the annual burden of social security payments for employers by around 25 billion pounds ($31 billion) a year. Many businesses have said her Oct. 30 budget flies in the face of the government’s pledge to turn Britain into the fastest-growing Group of Seven economy.Momentum was already weak with Britain’s gross domestic product edging up by only 0.1% in the three months to the end of September, according to official data last week, and retail sales fell sharply in October as shoppers worried about the budget.Figures on Thursday showed government borrowing shot past private-sector economists’ forecasts last month, underscoring how reliant Reeves is likely to be on stronger economic growth to fund more spending on public services.However, a measure of consumer confidence published on Friday suggested individuals turned a bit more optimistic this month after they avoided the brunt of the tax increases.Friday’s PMI survey found firms were not replacing departing staff as they braced for April’s rise in payroll costs.Selling prices rose at the slowest rate since the coronavirus pandemic but high rates of growth in input prices and costs related to wages were hurting the service sector.That could worry some interest rate-setters at the Bank of England which is watching prices in the service sector closely.($1 = 0.7987 pounds) More

  • 138 Shares179 Views

    in Cryptocurrency

    Bybit Strengthens Partnerships and Explores Islamic Finance Innovation at Exclusive Forum

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, hosted a groundbreaking Islamic Finance Forum, bringing together renowned scholars, industry leaders, and key partners to discuss the evolving landscape of Shariah-compliant digital assets. The forum deepened collaborations and highlighted Bybit’s commitment to supporting Muslim investors through its innovative Islamic Account.Representatives from Circle, XRP, Zand Bank, Fuze Finance, Palcoin, Takadao and Dubai Blockchain Center participated in the forum, strengthening the foundation for future collaboration and innovation within the Islamic finance ecosystem.Insightful Discussions from Esteemed Scholars:Dr. Muhammad Abu Jazr, Founder of Crypto Halal and Dr. Mohamad Mahdy, Founder and CEO of Exaado, shared perspectives on the compatibility of cryptocurrency with Islamic jurisprudence. Their discussions explored the ethical responsibilities and opportunities for Shariah-compliant investment solutions in the rapidly growing digital economy. The forum featured an engaging panel discussion that explored:About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony Autony.au@bybit.comThis article was originally published on Chainwire More

  • 138 Shares169 Views

    in Economy

    FirstFT: Trump picks Pam Bondi as US attorney-general after Gaetz withdraws

    $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More

  • 100 Shares109 Views

    in Economy

    Britain’s household energy bills to rise from January

    $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More

  • 138 Shares169 Views

    in Cryptocurrency

    Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

    Zircuit, the chain where innovation meets security, today announced its ZRC Token Launch on Monday, November 25th—a key step in building a thriving, decentralized ecosystem. ZRC serves as the foundation of Zircuit’s architecture, enabling participants to receive additional rewards, participate in network app fair launches, and drive its growth. As the ecosystem’s cornerstone, ZRC aligns incentives across developers and users, fostering active collaboration and innovation.The ZRC launch follows a series of notable achievements for Zircuit, including the successful rollout of Mainnet, a $2 billion TVL ecosystem, the groundbreaking EIGEN fairdrop with over 190,000 participants, the liquidity hub launch, and strategic investment from Binance Labs, Pantera, and other strategic partners. Together, these milestones underscore Zircuit’s position as a leader in decentralized finance and staking.Zircuit protects users from hacks through its built-in, automated AI techniques that guard users against smart contract exploits and malicious actors. This system automatically guards against smart contract exploits and malicious actors, making Zircuit one of the safest blockchain platforms available. As the safest chain for DeFi and staking, Zircuit is the premier liquidity hub for various assets, including ETH, BTC, LSTs, and LRTs, while providing robust security guarantees. Zircuit’s strong infrastructure allows users to earn competitive yields natively, combining safety with attractive returns.Users can explore the ZRC token’s role in Zircuit’s ecosystem by engaging with staking and reward opportunities through the Liquidity Hub. For more information, users can visit zircuit.com and follow Zircuit on Twitter/X at @ZircuitL2.About ZircuitZircuit: Where innovation meets security, designed for everyone. Zircuit offers developers powerful features while giving users peace of mind. Designed by a team of web3 security veterans and PhDs, Zircuit combines high performance with unmatched security. Experience the safest chain for DeFi and staking. To learn more about Zircuit, visit zircuit.com, and follow us on Twitter/X @ZircuitL2.ContactHead of CommunicationsJennifer ZhengZircuitjen@zircuit.comThis article was originally published on Chainwire More

  • 113 Shares99 Views

    in Cryptocurrency

    Bitcoin price today: nears $100k milestone on Trump cheer

    The world’s largest cryptocurrency hit a series of record highs this week, with a rally after Donald Trump’s election win showing few signs of easing.Bitcoin rose 1.9% to $98,870.4 by 01:17 ET (06:17 GMT). The coin hit a record high of 99,289.3 earlier in the session, and was up 9.1% this week. Bitcoin trading was also boosted by the launch of options tracking Blackrock’s iShares Bitcoin Trust (NASDAQ:IBIT) exchange-traded fund, with traders seen piling into call options on the crypto. Bitcoin was within spitting distance of the coveted $100,000 level, after more than doubling in value so far in 2024.Trump was the crypto’s biggest boost this year, given that he had vowed to introduce crypto-friendly regulation in his administration. Trump had promised to make America the “crypto capital of the planet” during his campaign, and had also floated the idea of a Bitcoin national reserve.Media reports this week said Trump was considering a dedicated cabinet position for crypto regulation.Crypto markets were also enthused by Securities and Exchange Commission Chairman Gary Gensler stating he will step down after Trump takes office. Gensler said he will step down on January 20 next year. Gensler had led a harsh crackdown on the crypto industry over the past two years, with the SEC still engaged in long-running suits against Coinbase (NASDAQ:COIN) and Ripple over the nature of cryptocurrencies as securities.XRP, the token issued by Ripple, surged over 27% on Friday on the Gensler news. Traders believe that Gensler’s successor will have a much more lax attitude towards enforcement action, especially under a Trump administration. Trump had vowed to fire Gensler on “day one” of  taking office. Beyond Bitcoin, major altcoins also advanced on Friday, and were set for strong weekly gains amid persistent optimism over crypto.World no.2 crypto Ether rose 8.2% to $3,365.18, and was trading up 7.5% this week.SOL rose nearly 9%, while ADA and MATIC added 13.2% and 6.1%, respectively. Among meme tokens, Dogecoin rose 2.6% and was sitting on a 8.3% gain this week.   More