Aurelia Butler

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  • 88 Shares169 Views

    in Cryptocurrency

    $58,900 Perfect for Bitcoin (BTC), Here’s Why

    It appears that even as smaller traders sell off their holdings, these seasoned investors still find substantial value in Bitcoin at current prices. Larger investors find $58,900 to be an appealing price because of their approach. Since they have the money and the patience to wait for long-term gains, whales and sharks typically purchase during uncertain market times or when prices are falling. They are probably setting themselves up for future profits by building at this point, believing that Bitcoin will eventually rise again and reach all-time highs. Irrespective of short-term market fluctuations, their accumulation pattern indicates a strong belief in the long-term value of Bitcoin. This idea is further supported by the given Bitcoin price chart. According to the chart, Bitcoin has been moving in a downward channel, with the $58,900 mark serving as a critical support level. Additionally, the 200-day Exponential Moving Average (EMA) coincides with this level. The notion that this price is a good accumulation zone for larger investors is strengthened by the fact that Bitcoin is finding support around there. Furthermore, the chart shows that bullish momentum is not yet fully in play because Bitcoin has had difficulty breaking above the 50-day EMA. But whales’ consistent accumulation indicates that they might be getting ready for an impending breakout. A fresh uptrend on Bitcoin may be possible if it can hold support at $58,900 and eventually break through the 50-day EMA.This article was originally published on U.Today More

  • 150 Shares149 Views

    in Economy

    Houthi rebels to allow burning Red Sea oil tanker to be salvaged

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  • 125 Shares199 Views

    in Economy

    Telegram boss’s lawyer describes legal process as ‘absurd’ – Reuters

    Durov is also under scrutiny for alleged money laundering and failure to cooperate with judicial authorities. After his arrest at a Paris airport on Saturday, Durov spent four days in police custody before being granted bail, which includes a €5 million bond, regular check-ins with police, and restrictions on leaving France, the report added.David-Olivier Kaminski, Durov’s lawyer, has condemned the investigation, calling it “totally absurd” to suggest that the head of a social media network could be responsible for criminal acts occurring on the platform. Kaminski asserted that Telegram complies fully with European digital regulations.“Telegram isn’t just a messenger app relied on by millions of crypto users for communicating, learning, gaming, and trading: it’s now part of an entire ecosystem powered by the TON blockchain that supports hundreds of apps and protocols seamlessly integrated into the Telegram app,” said Andrei Grachev, Managing Partner at DWF Labs, to Investing.com.The formal investigation does not equate to guilt or a guaranteed trial, but indicates that judges believe there is sufficient evidence to advance the probe. Such investigations can take years before resulting in a trial or being dismissed.“As a decentralized network TON can’t be shut down and its value proposition has not and will not  diminish,” Grachev said. French President Emmanuel Macron, known for his use of Telegram, has stated that the investigation is a matter for the judiciary and not influenced by political motives. Macron, who had previously met with Durov was granted French citizenship in 2021 under a rare procedure for high-profile individuals, the report said. “We are confident in TON’s tech, tokenomics, independent developer teams, and communities than ever. It’s a crypto network that has reached critical mass and that will continue to support new use cases while solving the distribution problem through native integration into web2 apps,” Grachev said. Toncoin, the cryptocurrency associated with Telegram’s ecosystem, has dropped by about 20% since the arrest. More

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    in Economy

    Pernod Ricard and Rémy Cointreau buoyed after China withholds new tariffs

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  • 100 Shares189 Views

    in Economy

    Factbox-China’s probes on EU products following EV tariffs

    BEIJING/LONDON (Reuters) -China has opened an anti-subsidy probe into imported dairy products from the European Union, stepping up tension with the bloc a day after Brussels released its revised draft decision related to tariffs on China-made electric vehicles.Below are details on the probe into EU dairy imports and other industries which are under investigation.DAIRYThe anti-subsidy investigation on dairy announced by China’s commerce ministry on Wednesday will focus on various types of cheeses, milks and creams intended for human consumption.It was prompted by a complaint submitted by the Dairy Association of China and the China Dairy Industry Association on July 29 on behalf of the domestic dairy industry.China will examine 20 subsidy schemes from across the 27-strong bloc, specifically those from Austria, Belgium, Croatia, Czech Republic, Finland, Italy, Ireland, and Romania, it said in a statement.The EU was China’s second-largest source of dairy products with at least 36% of the total value of imports in 2023, behind only New Zealand, according to Chinese customs data.The EU exported 1.7 billion euros ($1.84 billion) in dairy products to China in 2023, down from 2 billion in 2022, according to European Commission data. PORKThe anti-dumping investigation announced in June by China’s commerce ministry is focussing on pork intended for human consumption, such as fresh, cold and frozen whole cuts, as well as pig intestines, bladders and stomachs.It was prompted by a complaint submitted by the China Animal Husbandry Association on behalf of the domestic pork industry, the ministry said.Pork suppliers from South America, the U.S. and Russia could be among those gaining market share if Beijing restricts imports from the European Union.The EU accounts for more than half the roughly $6 billion worth of pork China imported in 2023, according to customs data, around a quarter of which was from Spain alone.Second- and third-ranking, the Netherlands and Denmark last year exported to China pork products worth $620 million and $550 million respectively. BRANDYChina’s commerce ministry said on Thursday it would not impose provisional tariffs on brandy imported from the European Union, despite finding it had been sold in China below market prices.Beijing said in January it was looking into whether EU brandy makers were selling their product in the country at below-market rates, weighing on sentiment for cognac producers, especially for French companies such as Remy and Pernod. The French cognac industry makes up almost all of China’s EU brandy imports. French producers said they suspected the probe was linked to a broader trade row rather than the liquor markets.PLASTIC In May, Beijing launched an anti-dumping probe into POM copolymers, a type of engineering plastic, imported from the EU, U.S., Japan and Taiwan. More

  • 238 Shares99 Views

    in Cryptocurrency

    MEET48 GIPR2 Idols preformed at Fantasy Bullish Night with Steve Aoki, and ignited the WebX 2024 on August 28-29

    On the evening of August 27, MEET48, in collaboration with partners such as Line Next, hosted the official opening party of Japan’s WebX, the Fantasy Bullish Night. The event featured the Top 7 idols from MEET48 GIPR2 voting activity (members of the SNH48 Group) performing on stage with the legendary DJ Steve Aoki, setting the venue ablaze with energy.Hundreds of fans eagerly awaited the appearance of MEET48 idolsAfter the MEET48 GIPR2 Top 7 idols performed, the atmosphere reached an unprecedented level of excitementFollowing the MEET48 GIPR2 Top 7 idols, the legendary DJ Steve Aoki continued to deliver a spectacular performanceAdditionally, as a title sponsor of WebX 2024, MEET48, together with the Top 16 idols from the GIPR2 on-chain voting (SNH48 Group members) and the Top 2 amateur group, held a stunning performance on the main stage of WebX at 1:00 PM on August 28. This event offered a visual and auditory feast combining Web3 technology and entertainment elements, garnering waves of applause and cheers from the audience and drawing attention from industry insiders and the general public alike.At this year’s WebX exhibition, MEET48 showcased its latest product lineup to attendees, including the mini-game CoinFish from the TON ecosystem, the idol model scene generation AI tool SRMBuildor, and a series of upcoming metaverse community-based games. These innovations demonstrated the creative applications of combining Web3 and AI technologies, using music and dance to showcase the potential of Web3 in the entertainment sector, and leading the public into a new digital era experience.On September 4, also in Japan, MEET48 will sponsor the Tokyo tour of the SNH48 Group Top 16, highlighting how MEET48 is expanding its influence through these international events and further advancing its global strategy for virtual idols and Web3. Beyond Japan, during the Token2049 event in Singapore, MEET48 will also co-host the large-scale AI+Web3 application Side Event “Back To The Streets” with Hape on the evening of September 18 (https://lu.ma/4srkahil). MEET48 will also participate as a platinum sponsor at Token2049, further demonstrating its strategic layout on a global scale and its key role within the Web3 ecosystem.It is also noteworthy that BNB Chain’s 4th Anniversary 4YA Ecosystem Celebration has officially announced MEET48 as a partner on its official Twitter and website. The “MEET48 Appreciation Festival” (MEET48 GIPR2 Top 16 Idol Blind Box NFT) was successfully selected as part of the third week’s celebration event, scheduled to take place from September 9 to 15, with generous rewards and surprises to be unveiled. The “MEET48 Appreciation Festival” includes four activities: 1. Accumulate points: completing tasks and watch videos to earn points. 2. Exchange for blind boxes: exchanging for GIPR TOP16 blind boxes (support the idol Top 3 video recording). 3. Create gems: holding idol NFTs will automatically generate gem NFTs. 4. Grab red packets: using gem NFTs to participate in weekly red packet activities. Additionally, the MEET48 WEB3 Appreciation Festival will continue until September 23, and interested users can participate through the MEET48 official website activity page (https://gipr.meet48.xyz/#/activity) or the app.About MEET48MEET48 is considered one of the largest Web3 application project teams globally, with a technical and development team of 500 people and a regional operation network covering Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. MEET48 aims to achieve large-scale social adoption of Web3 technology through its AI UGC content ecosystem, focused on AIGC (Animation, IDOL, GAME, and Comics) Gen Z entertainment content, and its graphical, intelligent metaverse social foundation.Official Website: https://www.meet48.xyz/Twitter (X): https://x.com/meet_48Telegram: https://t.me/MEET_48Discord: https://discord.gg/meet48ContactMarketing DirectorSiyu [email protected] article was originally published on Chainwire More

  • 88 Shares99 Views

    in Economy

    A self-congratulatory inflation narrative at Jackson Hole

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  • 100 Shares199 Views

    in Economy

    FirstFT: Nvidia shares fall despite blockbuster earnings report

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