500 Financial News

Just 1% of senior dealmakers at top investment banks in Europe are Black, Financial News can reveal, showing the stark lack of ethnic diversity in the financial sector three years on from the resurgence of the Black Lives Matter movement.

Inexperienced traders usually chase prices higher during the end of the bull phase as they fear missing out on the rally. However, institutional investors tend to wait for the froth to settle before entering. Bitcoin’s (BTC) bear market in 2022 ended the hype that was seen in 2021.

Bitcoin, the leading cryptocurrency, is facing difficulties in surpassing the significant resistance level at $27,500. 

China is gearing up for another blockchain technology push after promising to train half a million new “experts” to work in the sector.

The CEO of the crypto exchange giant Binance, Changpeng Zhao (CZ) has unfollowed Twitter owner Elon Musk on the platform - but the investment into the social media site reportedly stands. 

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

The Pepe Coin price has fallen by 24% in the past 24 hours, with its drop to $0.00000123 coming amid a 3% fall for the cryptocurrency market as a whole.

BEIJING — A new restaurant scene is growing more popular across China: fine dining.

cryptocurrency markets were trading higher in Wednesday's trade. Bitcoin (BTC) rose 1.96% to $28,526, whereas Ethereum (ETH) was above the $1,850 level. BTC volume in the last 24 hours stood at approximately $16.17 billion, rising 1.78% in the last 24 hours. “Bitcoin rose nearly 2% in the past 24 hours following the Job Openings and Labor Turnover Survey (JOLTS) data. The data showed that job openings in the US declined to 9.6 million in March, below expectations of 9.775 million and their lowest since April 2021,” Edul Patel, Co-founder and CEO at Mudrex, said. «Additionally, investors and traders may be making early moves in anticipation of the US Federal Reserve's decision on interest rate hikes. Similarly, Ethereum traded at the US$1,850 level and made movements following BTC,» Edul added. The global cryptocurrency market cap was trading higher around $1.17 trillion, rising 1% in the last 24 hours.

Bitdeer have announced plans to raise $500 million to set up crypto mining operations that use the Himalayan kingdom's plentiful hydropower. Huge amounts of electricity are needed to power the vast computer farms that mine for cryptocurrency, leading to heavy criticism of their impact on the climate and a search for greener mining options. Soaring energy costs have also squeezed crypto firms, leading to the birth of several initiatives to find cheaper and more sustainable ways to power their operations in a notoriously risky and volatile industry. The initiative announced on Wednesday by the Bhutan government's investment arm Druk and Nasdaq-listed crypto-mining firm Bitdeer includes the construction of data centres and investment in renewable energy such as hydropower and hydrogen.

New AI-based analysis platform yPredict has raised close to $500,000 in its presale, which has now entered its fourth stage out of eight.

Friday April 28th 2023 – yPredict is a comprehensive AI-driven system designed for traders, quants, analysts, and developers to predict prices in financial markets – currently in presale.

Global platform Cosmose AI has partnered with the Near Foundation, the Swiss non-profit supporting the governance and development of the NEAR protocol, announcing a strategic investment from the foundation and valuing the company at $500 million. 

Bitcoin, the world's most popular cryptocurrency, faced a temporary dip on Tuesday as its value dropped slightly from $30,500 to $29,300. However, this decline was short-lived, and Bitcoin quickly rebounded, surging back up to the $30,000 mark and recovering from its previous losses.

The number of new electric vehicles eligible for a $7,500 federal tax credit fell by almost half on Tuesday, as new rules issued by the U.S. Department of the Treasury took effect.

The Cardano price has risen by 8% in the past 24 hours, reaching $0.437258 after Ethereum's successful Shanghai upgrade boosted the cryptocurrency market as a whole.

Ronin Network’s native token RON recorded 5x gains since the start of the year thanks to its plans to shift to a Delegated Proof-of-Stake (DPoS) consensus mechanism and expand its gaming portfolio beyond Axie Infinity.

It may soon be tougher for consumers to get a $7,500 federal tax credit when buying a new electric vehicle, due to U.S. Department of the Treasury rules set to take effect in about a week.

As the world of cryptocurrencies continues to evolve, Bitcoin's price trajectory remains a hot topic among investors and market analysts alike. With BTC bulls successfully defending the crucial $28,500 support level, speculation is rife about the possibility of an imminent breakout. 

The SOL token, which powers the Solana smart contracts ecosystem, is currently trading at $20.00, 60% above the lowest price point in 2022, and 30% above the lows experienced in March 2023, indicating a significant upward trend.

The price of Bitcoin has been a topic of much discussion among investors and cryptocurrency enthusiasts alike. With the support level at $28,500 holding strong, many are wondering about the future direction of the world's largest cryptocurrency.