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Hedge fund Elliott Management has issued a stark warning about the cryptocurrency market, describing it as a speculative bubble that is on the verge of an “inevitable collapse.” In an investor letter first reported by the leading media houses, the
Bitcoin (BTC) experienced a sharp price drop early this week, losing 5% of its value and shedding $5,000 per token. The decline triggered over $130 million in liquidated long positions, pushing the cryptocurrency’s price down to $100,000 from its weekend
In a pivotal decision, the U.S. Securities and Exchange Commission (SEC) has rescinded Staff Accounting Bulletin (SAB) No. 121, eliminating a significant barrier for banks seeking to offer custody services for Bitcoin and other cryptocurrencies. The decision, announced Thursday, reflects
US Mortgage rates have climbed back above the 7% threshold, stalling the U.S. housing market at the start of 2025. The average rate for a 30-year fixed mortgage reached 7.04% last week, marking the highest level since May 2024, according
A severe storm named Éowyn has brought extreme weather conditions to the United Kingdom and Ireland, disrupting travel and power supplies across the region. Winds reaching speeds of up to 113 mph (182 km/h) and heavy rainfall have prompted authorities
The European Union has relocated its upcoming informal defence summit from Limont Castle in Liege to the Egmont Palace in Brussels, citing security considerations. The meeting, scheduled for 3 February, marks the first European summit since the inauguration of U.S.
French authorities are warning about the growing prevalence of “erectile honey,” a dangerous black-market product containing a mix of honey and erectile dysfunction medications like sildenafil or tadalafil. This illicit product, often marketed in small sticks or vials, has flooded
Bitcoin surged to a historic high above $109,000, buoyed by market enthusiasm surrounding the inauguration of incoming U.S. President Donald Trump and the debut of two meme cryptocurrencies introduced by the Trump family. The flagship cryptocurrency was last recorded at
The European Commission announced an escalation in its investigation into the social media platform X, owned by Elon Musk, to assess potential violations of the European Union’s Digital Services Act (DSA). The probe focuses on X’s content moderation practices and
BP, one of the world’s leading energy companies, announced on Thursday a significant workforce reduction as part of a broader cost-saving initiative. The British oil giant revealed that approximately 4,700 jobs will be cut this year, along with a reduction