Aurelia Butler

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  • 150 Shares169 Views

    in Cryptocurrency

    Bitcoin price today: In red as US election jitters shake crypto markets

    The broad sell-off went beyond the original cryptocurrency, with the price of Ether and other altcoins falling sharply, while the overall market cap decreased by 5.5%.After hitting its second-highest price this year at $73,600, Bitcoin dropped over 6.5% in the last three days, settling below $69,000 yesterday with a 5% fall in the past 24 hours. Ethereum followed suit, dropping 4.59% to $2,521.48, as the general market sentiment turned bearish.Other altcoins also took a hit. Solana slipped by 4.00%, now priced at $168.03, and Cardano is down 3.01% at $0.3465. Polygon saw a 1.81% dip to $0.3189. Even Dogecoin, known for its resilient community, couldn’t escape the pullback, plunging 15.13% to $0.0416.Interestingly, XRP saw a small 0.35% bump, marking one of the few bright spots in an otherwise bleak market. The crypto slump seems to track a narrowing gap between Trump and Democratic candidate Vice President Kamala Harris on prediction platforms like PredictIt, Polymarket, and Kalshi, where people place bets on election results.Harris’ odds jumped up to nearly 39% from 33%, while Trump’s odds dipped but still hold strong at 61%, keeping him as the leading candidate. A Trump win is expected to be a boost for Bitcoin, while a Harris victory might bring some regulatory uncertainty.Bitcoin’s drop was also driven by a wave of profit-taking ahead of the weekend, triggering a broader market pullback that wiped out over $250 million in long positions. Meanwhile, the popular Fear and Greed Index—a tool for tracking market sentiment and volatility—flashed “extreme greed” on Thursday, a level often seen at market peaks.This index captures the market’s emotional swings, suggesting that while “extreme fear” can mean buying opportunities, “extreme greed” might hint at a coming correction. Elsewhere, Bitcoin futures racked up $88 million in losses, while ether futures lost $44 million, and SOL and DOGE futures each saw close to $15 million wiped out, according to CoinGlass data. More

  • 125 Shares189 Views

    in Economy

    Air Canada raises core profit forecast on robust international demand

    Major North American carriers with international operations are cashing in on a booming demand for overseas travel and a resurgence in business bookings. Air Canada is increasing its daily flights to China, while also adding capacity to other Asia Pacific routes.The airline also announced the repurchase of up to 35.78 million shares, its first buyback authorization since the pandemic.The repurchase aims to address the dilution that occurred due to its financing needs during the pandemic, it said.Last month, Air Canada signed a new labor deal with its pilots, which would give the aviators a general four-year cumulative pay hike of about 42%, generating about C$1.9 billion in additional value.”The demand environment remains favourable. We have adjusted our full-year guidance and underlying assumptions to account for the evolution of the fuel price environment and for certain contract-related adjustments,” CEO Michael Rousseau said.The company lowered its expectation for average price of jet fuel to C$1 per litre for 2024, from the previous estimate of C$1.03.The carrier now expects its 2024 adjusted earnings before interest, taxes, depreciation and amortization of about C$3.5 billion ($2.51 billion), compared with its previous forecast of C$3.1 billion to C$3.4 billion.Montreal-based Air Canada posted an adjusted profit of C$2.57 per share in the third quarter, compared with analysts’ average estimate of C$1.58, according to data compiled by LSEG.It reported a quarterly operating revenue of C$6.12 billion in the three months ended Sept. 30, down 3.8% over the year earlier, but beat analysts’ expectations of C$6.06 billion.($1 = 1.3929 Canadian dollars) More

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    in Economy

    FirstFT: Media groups prepare for election night disinformation

    $1 for 4 weeksThen $75 per month. Complete digital access to quality FT journalism. Cancel anytime during your trial.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

  • 163 Shares169 Views

    in Economy

    BOJ should wait at least six months for rate hike, says opposition kingmaker

    TOKYO (Reuters) -The Bank of Japan should wait for at least six months before hiking interest rates, until there are signs of sustainable wage gains above inflation, the head of the opposition party that the ruling LDP is courting for support said.”There should be no significant changes to monetary policy, as we need to observe the wage growth trends from next year’s spring negotiations,” Yuichiro Tamaki, head of the opposition Democratic Party for the People (DPP), said in an interview with Reuters.Following Japan’s general election on Oct. 27, Tamaki’s party has gained influence over government policy as the ruling Liberal Democratic Party seeks its support to maintain power.The LDP and its coalition partner Komeito are 18 seats short of a majority in the 465-member lower house, while the DPP, which is advocating for higher wages and cuts to both the country’s sales tax and income tax, saw its seat count rise from seven to 28.The Bank of Japan ended negative interest rates in March and raised short-term rates to 0.25% in July on the view that Japan was making progress towards durably achieving its 2% inflation target.It held short-term rates at 0.25% at Thursday’s policy meeting but said risks around the U.S. economy were somewhat subsiding, signalling that conditions are falling into place to raise interest rates again.Still, Tamaki said that it is necessary to eventually normalise monetary policy and allow the market to function properly.Tamaki said maintaining easy monetary policy may push the yen down. “But it is the strength of the U.S. economy that keeps the gap between U.S. and Japanese interest rates wide and monetary policy should not be used to manipulate currency rates,” he said.He declined to comment on current currency levels but said currency interventions have only a short-term impact, although they could act as a deterrent to speculative moves. More

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    in Economy

    Charities, universities and GPs warn NI tax rise will hit jobs and services

    $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

  • 175 Shares159 Views

    in Cryptocurrency

    CreationNetwork.ai Emerges as a Leading AI-Powered Platform, Integrating 22+ Tools for Enhanced Digital Engagement

    CreationNetwork.ai, a groundbreaking digital platform, today announces its public launch, redefining digital engagement for businesses, content creators, and influencers. As an all-in-one solution for content creation, e-commerce, social media management, and digital marketing, CreationNetwork.ai combines 22+ proprietary AI-powered tools and 29+ platform integrations to deliver the most extensive digital ecosystem available.Empowering Digital Transformation with 22+ AI-Powered ToolsCreationNetwork.ai’s suite of tools spans every facet of digital engagement, equipping users with powerful AI technologies to streamline operations, engage audiences, and optimize performance. Each tool is meticulously designed to enhance productivity and efficiency, making it easy to create, manage, and analyze content across multiple channels. Key tools include:Comprehensive Integration Network: 29+ Platform Connections for Maximum ReachOne of the most distinguishing features of CreationNetwork.ai is its extensive integration network. With over 29 integrations, users can synchronize their digital activities across major social media, e-commerce, and content platforms, providing centralized management and engagement capabilities.Social Media Integrations: Facebook (NASDAQ:META), X (Twitter), Instagram, LinkedIn, Pinterest (NYSE:PINS), TikTok, YouTube, WhatsApp, Telegram, Discord, and Snapchat.E-commerce Integrations: Google (NASDAQ:GOOGL) Business Profile, Shopify (NYSE:SHOP), WooCommerce, Etsy (NASDAQ:ETSY), BigCommerce, Ecwid, and Wix (NASDAQ:WIX) Commerce, supporting online retailers with seamless inventory and order management.Content Creation Integrations: Canva, Grammarly, Airtable, Zapier, Make, Adobe (NASDAQ:ADBE) Express, Unsplash, Giphy, Pexels, Pixabay, and Dropbox (NASDAQ:DBX) allow users to access resources for content creation and file management without leaving the CreationNetwork.ai platform.This integration network empowers users to manage their brand presence across platforms from a single, unified dashboard, significantly enhancing efficiency and reach.Community Incentives: CRNT Token Airdrop and ICO WhitelistingIn preparation for its Initial Coin Offering (ICO), CreationNetwork.ai is launching a $750,000 CRNT Token Airdrop to reward early supporters and incentivize participation in the CreationNetwork.ai ecosystem. Qualified participants can secure their position by following CreationNetwork.ai’s social media accounts and completing the whitelist form available on the official website. This initiative highlights CreationNetwork.ai’s commitment to building a strong, engaged community.Whitelist Form: https://creationnetwork.ai/whitelist-airdrop-gateway/CreationNetwork.ai: The Future of Digital Content and MarketingCreationNetwork.ai is also a comprehensive digital ecosystem for businesses, creators, and marketers. Combining the power of AI and blockchain, CreationNetwork.ai redefines how users manage their digital presence, from crafting content to engaging with audiences across diverse channels. Its suite of tools, extensive integrations, and commitment to community-building make CreationNetwork.ai a leading solution for digital transformation.CreationNetwork.ai is a leader in AI-driven content creation, social media management, and e-commerce solutions, leveraging blockchain technology to empower its users with advanced digital engagement tools. Through a broad spectrum of AI tools and extensive integrations, CreationNetwork.ai is dedicated to transforming the way brands, businesses, and creators connect with audiences in an ever-evolving digital world.For further information, users can visit https://www.creationnetwork.ai/ and https://www.crnttoken.net/.Users can also connect with CreationNetwork.ai on their Social Media:Telegram: creationnetworkCRNTTwitter: @CRNTNetworkAIFacebook: AINetwork369Instagram: creationnetwork.aiYouTube: CreationNetwork AIContactCEOAli Demircreationnetwork.aimarketing@creationnetwork.aiThis article was originally published on Chainwire More

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    in Cryptocurrency

    Bybit Simplifies Staking Experiences with the Launch of On-Chain Earn

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is thrilled to introduce the Bybit On-Chain Earn feature, broadening user access to Proof-of-Stake earning models with added benefits. The staking-as-a-service feature provides a seamless staking experience, peeling away complex technicalities and bringing more users direct access to staking opportunities via the Bybit platform. From Oct. 30, Bybit users may unlock a new way of earning crypto rewards with On-Chain Earn.One of the major pain points of staking for beginners is the hassle of managing multiple technical layers and gas fees. The resource-intensive exercise also requires advanced technical know-how from individual stakers, who are expected to be equipped with the hardware and knowledge of managing and deploying staking nodes. 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, users can visit Bybit Press For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

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    in Cryptocurrency

    Bybit Web3 Introduces SpaceS: The First Meme-Fueled Fly-to-Earn Game on Telegram

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce that Bybit Web3 has launched SpaceS, a groundbreaking new game on Telegram that brings the popular phrase “to the moon” into a chaotic, meme-packed reality. In this first-of-its-kind fly-to-earn experience, players pilot through an unpredictable cosmic world filled with classic and new internet memes, delivering an irreverent twist on space exploration.Reimagining Space, One Meme at a TimeSpaceS turns the cold vastness of space into an internet-fueled playground. Players must dodge meme-inspired “asteroids” like Ghost Doges, Pumpkin-head Crying Jordans, and Vampire Pikachus, navigating a neon cosmos where the internet’s most iconic faces and figures replace cosmic debris. Each flight is a chaotic, laugh-out-loud journey through a universe as wild as the internet itself.A New Spin on Fly-to-Earn GamingCombining the simplicity of retro mobile games with the culture of Web3, SpaceS is designed for meme lovers and gamers who crave something fresh. The game’s unique twist on classic fly-to-earn mechanics ensures that every run offers unpredictable encounters, with each narrowly avoided asteroid serving up a new meme moment to laugh—or cringe—at.Fly, Earn, and Laugh With Friends With an intuitive gameplay design that brings players straight into the action, SpaceS also emphasizes social interaction. Users can invite friends to form fleets, teaming up to survive the meme-laden cosmic madness together. Perfect for the Halloween season, SpaceS offers a nostalgic, meme-fueled adventure, turning space travel into a virtual trick-or-treating experience for crypto and meme enthusiasts alike.SpaceS is now available on Telegram for users looking for the most meme-packed adventure ever launched into the cosmos.#Bybit / #TheCryptoArk / #BybitWeb3About Bybit Web3Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.Users can join the revolution now and open the door to your Web3 future with Bybit.For more details about Bybit Web3, users can visit Bybit Web3.ContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More