Bhutan’s newly established Gelephu Mindfulness City (GMC) has announced a groundbreaking move to incorporate digital assets into its strategic reserves. By integrating Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), GMC positions itself as a trailblazer in the adoption of cryptocurrencies within a government-backed economic framework. This initiative not only…
Chainlink’s price joined other cryptocurrencies in a strong reversal as US bond yields surged to their highest levels in about two years. LINK, the biggest oracle network in crypto, fell to $21.21 on Wednesday morning, down over 31% from its highest point in December. So, is this the end of…
The Vanguard Long-Term Treasury ETF (VGLT) and the iShares 20+ Year Treasury Bond (TLT) ETFs crashed hard this week as short and long-term US Treasury yields surged to a two-year high. The TLT ETF dropped to $86, down by over 14% from its August 2024 highs, and is at the…
The honeymoon period is over for Ola Electric, the fast-growing Indian electric motorcycle company, as its stock continues its downtrend. Ola Electric’s share price has erased most of the gains made after its initial public offering in 2024. It has crashed by over 52% after peaking at ₹157 following its…
The Indonesian rupiah remained under pressure as most emerging market currencies continued to drop amid soaring US bond yields. On Wednesday, the USD/IDR exchange rate was trading at 16,200, up 7.55% from its lowest level in October. So, how will the soaring Indonesian forex reserves impact the currency? Indonesia’s foreign…
Joby Aviation stock price continued its strong momentum, reaching a high of $10.72, its highest level since July 2023. It has surged by over 130% from its lowest level in 2024, pushing its market cap to over $7.52 billion. Joby’s stock performance has mirrored that of other top electric vertical…
The Lucid stock price has rebounded in the past few weeks as investors bet on the upcoming Gravity launch. This week, it rose to $3, up over 67% from its highest level in 2023. This article explores a key risk facing Lucid and other EV stocks. Lucid vehicles are depreciating…
Asian markets were mixed on Tuesday despite an overnight rally in technology shares on Wall Street. Stocks in China and Hong Kong drop after US action China’s Shanghai Composite Index and blue chip CSI 300 were having a volatile session at the bourses on Tuesday. This comes as the United…
At CES in Las Vegas on Monday, Nvidia’s Jensen Huang made a slew of AI announcements. In his keynote address, Huang highlighted the company’s advancements in AI, robotics, autonomous vehicles, and gaming chips. In this article, we bring you the most talked-about announcements that have got the tech world buzzing.…
Elon Musk’s Tesla has some good news from the UK. As per the latest data from the Society of Motor Manufacturers and Traders (SMMT), Tesla cars grabbed the top two spots in the top 10 best-selling cars list in the UK for December. Tesla Model Y was the best-selling in…