Category: Forex

August 30, 2023 BY Elizabeth Anderson

Basin Energy adopts 60% ownership of Geikie Uranium Project

Basin Energy reported that the company completed all the necessary expenditure requirements – $2.5m in total – to purchase the ownership stake, which partners them with CanAlaska Uranium Limited. The agreement commenced in April 2022 and was completed this summer. Alongside this announcement, Basin Energy reported $5.2m cash reserves, which will fund the project in…

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August 30, 2023 BY Elizabeth Anderson

Grayscale tipping the scales its legal action against SEC

Putting SEC on the backfoot, the court instructed the regulator to take another look at Grayscale’s application. This authority has been opposing the idea of listed spot-market bitcoin investments, despite approving them for futures, for a long time. Don’t miss out the latest news, subscribe to LeapRate’s newsletter SEC argues it cannot approve a spot…

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Robinhood app on mobile
August 29, 2023 BY Elizabeth Anderson

Robinhood – 3rd place as largest global BTC holder

In recent months, Robinhood had market tongues wagging and ignited debates as to who owned such a large amount of BTC. To date, this commission-free trading base has not offered a public comment. The lack of a statement did not however stem the tide of speculations. Many believe investment and financial manager, BlackRock, made this…

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PPM shows strong domestic fund return
August 25, 2023 BY Elizabeth Anderson

PPM shows strong domestic fund return

PPM is one of Australia's highest performing boutique funds managers and has also secured a 12.8% return in 2023 on its domestic fund and 13.1% over the same three-year period. Founder, Chief Investment Officer and Chairman of PPM, Hugh MacNally noted: Our clients are wealthy private individuals or families who are referred by friends or…

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Authorities eyeballing Worldcoin’s practices
August 25, 2023 BY Elizabeth Anderson

Authorities eyeballing Worldcoin’s practices

Runners earn a commission, and, in Uganda for instance, station themselves at locations such as shopping centres, educational facilities, and sidewalks to connect with passersby. This marketing outreach aims to educate people on exchanging their biometrics for a globally recognisable digital ID, which will get them access to online banking and universal basic income. According…

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August 24, 2023 BY Elizabeth Anderson

Nvidia’s $25bn stock buyback increases AI heat

The global leader in AI computing also indicated that it would buy back $25bn in stock, which sent Nvidia shares skyrocketing in a matter of hours. The company’s share price closed at $471.16 on Wednesday, up +3.17% from the previous day’s close. It spiked even more after the bell rang, hitting a record 9.6% increase…

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New bodies join ‘Infrastructure Australia Net Zero Plan 2050’
August 23, 2023 BY Elizabeth Anderson

New bodies join ‘Infrastructure Australia Net Zero Plan 2050’

During the conference, Nicole Lockwood, Independent Chair of Infrastructure Net Zero, noted: Infrastructure embodies, consumes and enables 70% of Australia’s carbon footprint. The tightened targets for 2030 and 2050, the huge pipeline of new projects and the need to adapt to increasing climate shocks have brewed the perfect storm. The time for decisive action is…

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Coinbase Advanced partners with Coinrule for AI-automated trading
August 22, 2023 BY Elizabeth Anderson

Coinbase Advanced partners with Coinrule for AI-automated trading

Essentially, retail traders using Coinbase Advanced can now access Coinrule trading tools to boost their investment portfolios. Among others, this includes the use of profitable bots with which customers can design more than 100,000 different strategies based on variables such as price, technical indicators, and other market indicators. There is also access to a comprehensive…

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European stock market experiences positive change
August 17, 2023 BY Elizabeth Anderson

Market insights: Cisco Systems, Inc. and JD.com, Inc.

Antreas Themistokleous, an analyst at Exness stated: As of 30/04/2023, the company's current ratio is around 140% showing that the company is able to repay its short-term liabilities with the current assets in hand. Also, what is important to mention is that the debt-to-equity ratio is near all-time low (currently at 16%), indicating that the…

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