Author: Anthony M. Orbison

In what is certainly a positive development for the country’s digital asset approach, Taiwan is set to launch Bitcoin custody trials through local banks in 2025. Indeed, the country’s Financial Supervisory Commission is planning the collection of applications for institutional interest. Moreover, these applications will seek to trial cryptocurrency custody services in Q1 of next year.Taiwan’s local regulators are poised to see a surge in institutional crypto adoption through the trials. Additionally, the project has reportedly already seen three private banks in the country express interest in taking part in the trials. Therefore, the pilot project is expecting to have…

The Dow jumped more than 400 points on Wednesday after the release of minutes from the Fed’s Sept. 17-18 meeting showed how officials agreed to a half-point rate cut. Despite being divided on the economic outlook and uncertain about how aggressive to be, the Fed settled on a 50-basis-point reduction—the first in over four years.Investors are now focused on this week’s upcoming inflation report, which is expected to provide further insight into the economy’s direction.In the late afternoon, the Dow Jones Industrial Average jumped 410 points, or 1.08%. The tech-heavy Nasdaq and S&P 500 were 0.5% and 0.7%, respectively. Oil…

By Jaiveer Shekhawat and Echo Wang (Reuters) -Partners Group-backed KinderCare Learning Companies notched a market valuation of about $3.1 billion after its shares opened 12.5% above its initial public offering price on its NYSE debut on Wednesday. KinderCare’s shares opened at $27, after the firm had priced its offering at $24 apiece to raise $576 million. The demand for childcare services in the United States is rising due to firms implementing return-to-office protocols following the pandemic and an increased participation rate of women in the workforce. “All the growth opportunities we’ve been delivering over the last few years is what…

The crypto market capitalization fell from $2.4 trillion to $2.201 trillion at the start of October. Memecoins showed signs of recovery, with market capitalization rebounding to $49 billion by the 7th of October. The crypto week ahead could show signs of recovery following a significant decline in market capitalization over the past week. Last week’s market dip saw major cryptocurrencies, including Bitcoin [BTC] and Ethereum [ETH], and memecoins, experience notable losses. However, recent trends suggest a potential rebound, setting the stage for a more positive outlook in the coming days. Trends from the previous week The previous week saw a…

Oct. 09, 2024 2:43 PM ETDOC, NUV, WELL, IIM, OHI, LTC, VTR, NMZ, PMF, PML, NZF, NVG, MPW, BAB, BBN, SBRA, DMB, CHCTBy: Max Gottlich, SA News Editor Devon Zinnel Some $30B of municipal debt, including bonds sold to finance hospitals, utility systems and senior living homes, is at risk as Hurricane Milton spirals toward Florida at a category 5 strength, according to an analysis from Bloomberg Intelligence published on Wednesday. Source link

The grocery store sector has faced several challenges since the Covid-19 pandemic in 2020 forced many operators to reduce store occupancy levels to 20% to 50% of their capacity to meet social and physical distancing requirements.The lower occupancy requirements led to reduced revenue for stores as many consumers turned to online retail shopping instead of waiting in lines to get their groceries. Don’t miss the move: Subscribe to TheStreet’s free daily newsletterSince the pandemic subsided, stores have faced other financial obstacles such as rising inflation that has increased costs for food and other merchandise, increased labor costs with rising minimum…

Satoshi Nakamoto, the pseudonymous creator of Bitcoin (BTC), has been making headlines in the cryptocurrency market today. While HBO’s latest documentary claims that Peter Todd, a core network developer, is the person behind BTC, he strongly denied it. Amidst this, several others entered the picture to speculate on Satoshi Nakamoto’s identity.Also Read: Shiba Inu: Shytoshi Kusama Hints at Exiting SHIB ProjectSpeculations And Revelations About Satoshi Nakamoto’s IdentityDogecoin Co-Founder’s StatementDogecoin’s co-founder Billy Markus wanted in on the fun. Markus, who also goes by Shibetoshi Nakamoto, is one of the earliest members of the cryptocurrency community. Alongside Jackson Palmer, Markus rolled out…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.GSK has reached a $2.2bn settlement to resolve the vast majority of cases linked to its heartburn medicine Zantac, in a move that will help assuage legal concerns overhanging the UK drugmaker.The company said on Wednesday it had reached agreements with 10 plaintiff firms representing around 80,000 people who had brought product liability cases against it in US state courts. The settlement covers 93 per cent of all claimants. GSK did not accept any liability.The settlement is below the range of $2.5bn-$4bn…

By Zaheer Kachwala and Akash Sriram (Reuters) – The U.S. Department of Justice’s proposed remedies to break up Google’s search dominance could weaken its main profit engine and stall its advances in artificial intelligence, even though a final outcome may be years away, analysts said. The DOJ said on Tuesday it may ask a judge to force Google to divest parts of its business such as its Chrome browser and Android operating system, that the Alphabet-owned company used to maintain an illegal monopoly in online search. It is only one of the many potential fixes prosecutors are considering. Barring Google…

A popular crypto trader thinks one Dogecoin (DOGE) rival could be headed for a breakout soon. The pseudonymous analyst known as Altcoin Sherpa tells his 224,000 followers on the social media platform X that if the Solana (SOL)-based memecoin dogwifhat (WIF) manages to break above the $2.845 range, it could surge toward $3.50. Despite the possible breakout, Altcoin Sherpa says he wouldn’t buy at WIF’s current level. Source: Altcoin Sherpa/X WIF is trading at $2.47 at time of writing. The 42nd-ranked crypto asset by market cap is down more than 7.6% in the past 24 hours. The analyst also thinks the…