Crypto trading script

Even as Bitcoin fell as much as 75 percent from its all-time high in November last year, crypto prices, notably those of Bitcoin and Ethereum have rebounded considerably in July (Image: Shutterstock) Anticipation over the Merge, a much-awaited upgrade to the Ethereum (ETH) network, is the main driver behind a rally in cryptocurrencies over the last few weeks, financial services firm JP Morgan said, and claimed the market had hit the floor despite subdued trading volumes. Even as the world’s largest digital currency Bitcoin (BTC) fell as much as 75 percent from its all-time high in November last year, crypto prices, notably those of BTC and ETH have rebounded considerably in July, gaining 36 percent and 102 percent, respectively, from their mid-June lows. With BTC crossing the psychologically important level of $24,000, the crypto market has reclaimed the $1 trillion level in market value, led by a rise in the prices of blue-chip tokens. Limited contagion from Terra … [Read more...] about Crypto markets have hit the floor, says JP Morgan

- A + A PORTLAND/NEW YORK (Aug 10): Coinbase Global Inc has posted a record US$1.1 billion (RM4.9 billion) second-quarter loss and lower-than-expected revenue as the largest US cryptocurrency exchange was battered by tumbling digital-asset prices. Shares of the company, which were first listed last April, dropped about 6% in US pre–market trading. Coinbase has slumped 65% so far this year amid what has been labelled as the latest "crypto winter". Revenue declined by more than 60% to US$808.3 million, missing the US$854.8 million estimate from analysts polled by Bloomberg . Monthly transacting users dropped to nine million in the second quarter, a 2% decline from prior quarter. Trading volume also missed estimates, with bitcoin's share of trading volume rising to 31% from 24%. Total assets on platform plunged 63% to US$96 billion. "The current downturn came fast and furious," the company said in a shareholder letter, adding that soft crypto market conditions are … [Read more...] about Coinbase disappoints with user forecast, revenue miss

- A + A (Aug 10): Norway’s inflation exceeded forecasts for a fourth straight month, hitting a new 34-year high and adding pressure on Norges Bank to deliver a bigger interest rate hike this month than it has flagged earlier. Consumer prices rose 6.8% in July from a year earlier, the fastest pace since July 1988, according to data from Statistics Norway on Wednesday. Underlying inflation, the measure followed by the central bank, rose to an annual 4.5% — the highest on record. The median estimate in the analyst poll for core price growth was 3.8%, while Norges Bank had projected a pace of 3.2%. The data triggered revisions by several banks in their forecasts on Norway’s rate path, with Norges Bank now seen delivering another half-point interest rate hike from 1.25% at its interim meeting next week and possibly also at its September meeting. While Norwegian policy makers have been among the most aggressive in raising rates among the holders of major currencies, … [Read more...] about Norway inflation at 34-year high boosts rate-hike pressure

- A + A KUALA LUMPUR (Aug 10): Former executive chairman of Caely Holdings Bhd Datuk Wira Ng Chun Hau has disposed of 2.03 million shares in an off-market trade leaving him with 113,000 indirect shares in the lingerie maker, according to a bourse filing on Wednesday. Prior to this, he held 2.14 million indirect shares or a 0.829% stake in the lingerie maker. Ng also holds a direct 4.603% stake or 11.89 million shares in Caely. He resigned on May 13 as group executive chairman to “pursue other personal opportunities”. Caely came under the spotlight in April after one of its subsidiary’s bank accounts was issued a freeze order by the Malaysian Anti-Corruption Commission. Caely shares were unchanged at 31 sen on Wednesday, which translates into a market capitalisation of RM78.76 million. … [Read more...] about Caely’s former executive chairman trims indirect stake in group

- A + A CHICAGO (Aug 10): While the outlook for global crops is improving from the tumultuous weeks after Russia's attack on Ukraine, the threats of drought, flooding, and blistering heat are keeping supplies tight and prices elevated. Crop futures have retreated to pre-war levels, and the UN's monthly measure of food prices sank the most since 2008. That is offering some relief to consumers who have faced rampant food inflation since the start of the pandemic. Still, the war is putting more pressure on farmers from the US to India to replace crop losses and make up for the shortfall in supplies from Ukraine, normally a key shipper to poorer nations in the Middle East and Africa. How much they can provide is in question. Major producers like the US, Brazil, and Argentina have been facing yield issues over the last few years thanks to scorching heat, supporting prices at higher levels. Global production of corn and soybeans in 2021-2022 fell short of initial … [Read more...] about Food inflation eases, but uncertain crops slow wider relief

- A + A KUALA LUMPUR (Aug 10): Bursa Malaysia closed lower on Wednesday (Aug 10) in sync with regional bourses, as risk appetites were affected by the US inflation data amidst the ongoing corporate earnings season. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.35 points to 1,492.33 from Tuesday’s close of 1,497.68, weighed down by selling in selected index-linked counters, led by Hartalega Holdings Bhd. The benchmark index, which opened 1.96 points easier at 1,495.72, remained in negative territory throughout the day, moving in a tight range between 1,490.22 and 1,496.25. The broader market was negative as losers beat gainers 601 to 242, while 395 counters were unchanged, 1,047 untraded and eight others suspended. Total turnover decreased to 2.17 billion units worth RM1.68 billion from 2.52 billion units worth RM1.26 billion on Tuesday. Malacca Securities Sdn Bhd analyst Kenneth Leong said the key index turned lower on profit-taking in heavyweights, … [Read more...] about Bursa ends lower on weak risk appetite

Staring at a lengthy dinner menu while eating out last night, I couldn’t bring myself to contemplate its many choices, however delightful. “I’ll just take whatever is most popular,” I said when the waiter arrived. For a foodie like me, what? Decision fatigue is what. advertisement advertisement Every day, we face thousands of decisions, both big and small—from what to wear, to what to eat, to what to say and how to say it, to whether to change jobs or careers. In total, this amounts to approximately 35,000 remotely conscious decisions a day. And while this number sounds absurd, researchers at Cornell showed that we make 226 decisions each day on food alone. When we face so many choices and make decision after decision, it depletes our mental energy and willpower . This biological price tag is called decision fatigue —or a state of cognitive overload and strain that can hamper your ability to make additional decisions. In this state, our … [Read more...] about How to make decision fatigue more bearable

Anil Agarwal said that his wife thought he was crazy when he told her that they were moving to London overnight. (Image credit: @AnilAgarwal_Ved/Twitter) Anil Agarwal, founder and CEO of Vedanta Resources has never shied away from sharing stories of his initial struggle as an entrepreneur, and on Tuesday, he revealed how he managed to become the first Indian to get his company listed on London stock exchange in 2003. "After starting my metal business, I wanted my company to trade at fair value but family businesses were ruling the Indian market so my company's valuation was low," Agarwal wrote on Twitter. "Global companies were  getting listed on the LSE and I wanted to be one of them. In fact, I dreamt of being the biggest, so decided to move to London." The entrepreneur added that his wife thought he was crazy when he told her that they were moving to London overnight. "She went to our daughter Priya's school and asked them for a six-month leave because she was sure we … [Read more...] about Anil Agarwal shares his family’s role in listing Vedanta on London Stock Exchange

Moshe Katri, Managing Director of Equity research at Wedbush Securities Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Moshe Katri, who has been covering IT services and payments for more than two decades believes that Cognizant’s relative underperformance vis-a-vis its peers warrants action from the board. He contrasted its fortunes with Indian rivals such as Infosys and Wipro , where the founders took an active role in tweaking leadership at the right time. Katri currently serves as Managing Director of Equity research at Wedbush Securities. Katri, despite his concerns, has an Outperform rating on Cognizant, as he believes it is a very valuable, underutilised asset that can be revitalised under the right circumstances. For the longest time, Cognizant was the barometer of growth for the Indian IT industry, but in the last three … [Read more...] about Cognizant board has to exercise its fiduciary duty, assess what is going on: Moshe Katri

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Blame it on hometown migration, elevated attrition levels or a scenario where 30-40 percent of the employees in an organization are less that two years old, the IT industry is in a perfect storm, believes Wipro Chairman Rishad Premji . Speaking at an event organized by the Bangalore Chamber of Industry and Commerce, Premji said that those living in cities such as Bengaluru, Hyderabad, Chennai, Mumbai or Pune have gone back to their hometowns, with no active interest in necessarily returning to big cities. This, he feels, is a huge challenge for the industry despite growth since it becomes a question of how to build culture. It may be noteworthy that the IT industry has been reporting elevated attrition of late. The COVID-induced crisis led to a dramatic rise in the demand for tech … [Read more...] about Wipro’s Rishad Premji feels Indian IT is in a perfect storm; here’s why