With the Bank of Japan (BOJ) expected to hike rates next week, some observers are worried that the Japanese yen could surge, triggering an unwinding of “carry trades,” crushing bitcoin. Their analysis, however, overlooks actual positioning in the FX and bond markets, missing the nuance and far more likely risk that Japanese yields, by anchoring…
Netflix’s takeover of Warner Bros Discovery has shaked up not just Hollywood but also caused India’s cinema industry. Multiplex Association of India (MAI) recently warned that the latest bout of consolidation could undermine the country’s theatrical ecosystem. The association has highlighted a worrying trend: global streaming platforms purchasing major studios. According to MAI, the shift…
Union minister of new and renewable energy Pralhad Joshi (ANI Photo) Highlighting India’s clean energy expansion, Joshi stated that the country’s solar capacity grew from 2.8 GW to around 130 GW in the last 11 years, registering a rise of more than 4,500%. He added that India contributed 46 GW to global solar additions between…
Bitcoin can no longer be compared to the “Tulip Bubble” due to its endurance and resilience over the years, according to Eric Balchunas, Bloomberg’s exchange-traded fund expert. “I personally would not compare Bitcoin to tulips, no matter how bad the sell-off,” said the senior ETF analyst on Sunday. Balchunas pointed out that the tulip market…
4 tourists among 25 killed in the tragic night club fire in Goa NEW DELHI: 4 tourists are among those killed in the Goa nightclub fire. Goa police have confirmed 25 deaths and six injuries due to the mishap. At least 100 people were on the dance floor of a nightclub in North Goa when…
Prime Minister Narendra Modi (ANI Photo) Prime Minister Narendra Modi on Sunday expressed deep grief over the Arpora nightclub fire tragedy in Goa and announced an ex-gratia of Rs 2 lakh each for the families of those who died. The injured will receive Rs 50,000 from the Prime Minister’s National Relief Fund (PMNRF).In a post…
BitMine Immersion Technologies, the world’s largest corporate Ether holder, continues buying the dip, despite the industry’s most successful traders betting on Ethereum’s price fall. BitMine acquired $199 million worth of Ether (ETH) during the past two days, through a $68 million ETH acquisition on Saturday and another $130.7 million buy on Friday, according to blockchain data…
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Corporates And Wedding Hosts Major Clients MUMBAI: An Embraer E175LR private jet was rushed to Guwahati on Saturday to bring back 36 children of top corporate executives after they were stranded in Kaziranga when IndiGo cancelled its flights. The scramble has become emblematic of the sudden rush for charter aircraft in India as disruptions at…
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