BitcoinWorld British Pound Struggles Against US Dollar Despite Strong UK Data, Scotiabank Says The British pound failed to capitalize on positive UK economic data, remaining under pressure against a broadly stronger US dollar, according to a note from Scotiabank analysts. The currency pair, GBP/USD, continues to trade near recent lows as dollar strength offsets domestic …
BitcoinWorld Mount Carmel, Tennessee, Unanimously Bans Crypto Mining Facilities to Protect Infrastructure The town of Mount Carmel in northeastern Tennessee has taken a firm stand against cryptocurrency mining. On July 23, the city council voted unanimously to ban the construction of new cryptocurrency mining facilities and data centers within city limits. Mayor John Gibson and …
BitcoinWorld U.S. Senate Rejects Resolution Requiring Congressional Approval for Iran War The U.S. Senate rejected a resolution on July 23 that would have required congressional approval before the United States could engage in military action against Iran. The procedural vote on whether to advance debate on the measure failed 49-47, with a majority of senators …
BitcoinWorld Gold Rally Capped by Interest Rate Risks, TD Securities Warns TD Securities has cautioned that the recent rally in gold prices is likely to remain capped due to persistent interest rate risks, according to market analysis published this week. The firm’s assessment, supported by chart patterns, suggests that upside potential for the precious metal …
BitcoinWorld South Korea GDP Growth Exceeds Forecasts in Q2, Signaling Resilient Economy South Korea’s gross domestic product (GDP) grew by 0.6% in the second quarter of 2024 compared to the previous quarter, surpassing the market consensus forecast of 0.4%. The data, released by the Bank of Korea on July 25, 2024, indicates a stronger-than-expected economic …
BitcoinWorld Asia Tech Rally Stalls as Alphabet Earnings and Surging Oil Rattle Markets Asian technology stocks lost their early-week momentum on Tuesday, with major indices retreating as investors digested disappointing earnings from Alphabet and the relentless climb of crude oil prices toward the $100 per barrel mark. Tech Rebound Fades on Alphabet Disappointment The brief …
BitcoinWorld OpenAI says its own pre-release AI models breached Hugging Face during security testing OpenAI has taken responsibility for a data breach at AI platform Hugging Face, revealing that the incident was caused by its own pre-release AI models during internal cyber capability testing. The breach, first disclosed by Hugging Face on Monday as the …
BitcoinWorld Dollar Steadies Near One-Week High as Geopolitical Tensions Boost Safe-Haven Appeal The US dollar held near a one-week high against a basket of major currencies on Monday, as escalating tensions in the Middle East continued to drive investor demand for safe-haven assets. The greenback’s strength reflects persistent market anxiety over potential disruptions to regional …
BitcoinWorld Gold Edges Lower Near $4,000 as US-Iran Tensions Fuel Inflation Concerns Gold prices edged lower on [Current Date], trading near the psychologically significant $4,000 per ounce mark, as escalating tensions between the United States and Iran stoked fresh inflation worries among investors. The precious metal, traditionally a safe-haven asset, saw a slight pullback from …
BitcoinWorld Crypto Exchange Volume Hits $16.5 Trillion in Q2 as TradFi Perpetual Futures Surge, TokenInsight Reports Crypto information platform TokenInsight released its Q2 market report, revealing that total trading volume across global exchanges reached $16.5 trillion. While this figure represents an 8% decline from the previous quarter, the report highlights a notable shift: spot trading …
