Wall Street bank JPMorgan is sharpening its view on U.S.-listed bitcoin miners as a wave of high-performance computing (HPC) deals reshape business models and add long-term revenue clarity. The bank upgraded Cipher Mining (CIFR) to overweight from neutral and raised its price target on the stock to $18 from $12. The shares were 4.2% higher…
NEW DELHI: The Election Commission on Monday took cognisance after an audio recording of a Booth Level Officer surfaced on social media, in which he expressed work-related stress amid the ongoing Special Intensive Revision of the electoral roll in Kerala.Kerala Chief Electoral Officer Rathan Kelkar and District Collector Chethan Kumar Meena held a video conference…
The Indian rupee could come under further strain this week, with traders watching whether the currency edges closer to 90 per US dollar amid limited signs of strong central bank intervention. The rupee touched a record low of 89.49 on the previous Friday and slid 0.8 per cent over the week, driven by portfolio outflows,…
Representative image (Picture c Afghanistan has approached India with an offer to reopen and develop its long-idle mining sites, hoping to draw investment and create jobs, but Indian industry leaders say the sector requires careful groundwork before any decisions can be made. After a meeting with an Afghan delegation, Associated Chambers of Commerce and Industry…
Bitcoin BTC$86,137.94 mining is experiencing a significant revival in China even though the activity was formally banned in 2021, according to Reuters. After almost disappearing from the global landscape, China has climbed back to the third position with an estimated 14% share of global mining by October, according to Hashrate Index. This resurgence is driven…
NEW DELHI: The Delhi High Court on Monday sought responses from the Centre, CBI and ED on a plea by alleged middleman Christian Michel James, an accused in the Rs 3,600-crore AgustaWestland VVIP chopper scam case, challenging a provision of the India-UAE extradition treaty.A bench of Justices Vivek Chaudhary and Manoj Jain asked the home…
Your first SIP is important. Just make sure it doesn’t come before your first four foundations. (AI image) Most investing problems don’t start with the funds you pick; they start with the life problems you ignore.People ask, “Which is the best mutual fund for SIP?” Far fewer ask, “Is my life ready for investing?” As…
NEW DELHI: An Afghanistan Ariana flight from Kabul landed on a runway that is used for take offs at Delhi Airport on Sunday afternoon. Luckily there was no departing aircraft on that runway at that time and the Afghan Airbus A310’s “mistaken” landing did not have serious consequences. The pilot of the Afghan flight is…
India’s economy is expected to remain firmly on a strong growth path over the next two years, with S&P Global Ratings projecting 6.5 per cent expansion in the current fiscal and 6.7 per cent in the next. The agency said a combination of tax cuts and monetary policy easing will bolster consumption-led growth despite the…
A week ago, CoinDesk highlighted a bearish shift in the BTC options market, with the $85,000 put overtaking the $140,000 call as the most popular bet on crypto exchange Deribit. Now, the $80,000 put has taken the lead, boasting an open interest of just over $2 billion, while the $85,000 put ranks second with $1.97…
