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Posts published in “Business”

BlackRock spot bitcoin ETF approval could catapult BTC to $56,000 – Matrixport

Bitcoin’s (BTC) price could surge to as high as $56,000 if the U.S. Securities and Exchange Commission (SEC) approves BlackRock’s application for a spot exchange-traded fund (ETF), per an Oct. 19 research note by Matrixport shared with CryptoSlate. The prediction is based on the projection that the U.S...

The 10-year breakeven inflation rate has reached the second-highest level in 2023

Quick Take Since 2010, the U.S. financial landscape has primarily been marked by the Consumer Price Index (CPI) inflation rate outpacing the federal funds rate. However, this trend experienced an exception in 2019, and interestingly, in May 2023, when the country entered a period of positive real rates – a scenario where the federal funds

OpenAI eyes $86 billion valuation amid insider share sale

Artificial intelligence (AI)-focused startup OpenAI’s valuation could soon soar to as much as $86 billion as the company is reportedly planning to conduct a tender offer allowing its current employees to sell their shares, Bloomberg reported on Oct. 19. A tender offer allows employees and existing company shareholders to convert their holdings into cash...

Amid market turbulence, OKX and Bitstamp reflect Bitcoin’s volatile exchange climate

Quick Take In the face of contemporary geopolitical instability and market unpredictability, Bitcoin exchanges are experiencing intense volatility in their inflows and outflows. OKX Exchange, for instance, yesterday, Oct. 18, saw the largest Bitcoin inflow in almost three years, with approximately 8,000 Bitcoin valued at around $224 million...

Resilient Bitcoin defies interest rate pressures and technical resistance

Quick Take In a striking reversal from the start of the week, CryptoSlate reports a resurgence of Bitcoin, which was grappling beneath key technical levels but has since ascended above them. This recovery is significant, given the substantial resistance observed near $28,000, a level influenced by the 200-week...

Lazy Morning? Snooze Button Linked To Drowsiness, But Might Still Be Worth It

Topline Hitting the snooze button each morning could be worth the extra few minutes in bed, according to a new sleep loss study published Wednesday, which found that even though people who use the snooze button while begrudgingly waking up are more likely to be drowsy, it could still have benefits, according to at least

Jordan Calls Off Wednesday Summit With Biden After Gaza Hospital Strike

Jordan Calls Off Wednesday Summit With Biden After Gaza Hospital Strike forbes.com/sites/mollybohannon/2023/10/17/jordan-reportedly-calls-off-wednesday-summit-with-biden-after-gaza-hospital-strike Jordan’s foreign minister told state-run television on Tuesday that the four-way summit scheduled for Wednesday with President Joe Biden and others would no longer take place as planned, according to multiple reports after a strike hit a Gaza hospital and killed hundreds. Minister

Biden Will Visit Israel Wednesday To Show ‘Steadfast Support’ Followed By Meeting With Arab Leaders In Jordan

Updated Oct 17, 2023, 02:06am EDT Topline President Joe Biden will visit Israel Wednesday in a show of solidarity for the country ahead of its looming ground offensive into Gaza and follow that with a visit to Jordan where he will meet Arab leaders, including Palestinian President Mahmoud Abbas. Key Facts The White House said