The world’s largest virtual coin, Bitcoin climbed as much as 6.8% to the cusp of $23,000, a level it was last at in mid-June. Ether at one point added almost 11%. Solana also achieved a double-digit percentage gain.
A sustained break above could renew the speculative momentum that can grip crypto assets in the blink of an eye. Expectations for Federal Reserve interest-rate hikes are less aggressive now, which may help. Ether is extending a rally that began last week after developers of the Ethereum blockchain gave a target for the long-anticipated software update that is projected to lower the network’s energy usage.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Oil holds above $100 as traders weigh up tight market, OPEC+ LimitsUS President Joe Biden had hoped to convince the Saudis to boost production but ministers told him policy decisions are taken according to market logic and within the OPEC+ coalition.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Apple joins fellow tech giants in putting a lid on hiringTech peers, including Amazon, Google and Microsoft, have all taken steps to decelerate spending. For now, most of the biggest tech companies aren’t talking about eliminating jobs, just reducing the rate of hiring.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Race for UK leadership heats up as rivals vie for run-off spotThe battle to succeed Boris Johnson is heating up, with Penny Mordaunt, Liz Truss and Kemi Badenoch vying to join Rishi Sunak in the final run-off after a vote on Monday left the race for second wide open.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Gazprom Declares Force Majeure on Some European Gas BuyersGazprom PJSC declared force majeure on at least three European gas buyers, a move that may signal it intends to keep supplies capped, according to people familiar with the matter.
Source: dailymaverick - 🏆 3. / 84 Read more »
Book tickets for Business Maverick After HoursLIVE Q&A SESSION | NETWORKING | DRINKS AND SNACKS | MEET THE DAILY MAVERICK TEAM\r\nHost: Business Maverick journalist Ray Mahlaka\r\nPanelists: Iraj Abedian, economist and founder and Chief Executive of Pan-African Investment and Research Services and Nazmeera Moola, Chief Sustainability Office at Ninety One.\r\nSouth Africa is at a difficult economic and political crossroads. The cost of living crisis has been worsened by rising consumer inflation, interest rates, and unrelenting increases in petrol prices. Rolling blackouts are worsening and wiping out any chances of a strong economic rebound post the hard Covid lockdown. Policymakers are dithering on renewable energy and new electricity generation. The Zondo Commission has laid bare the sophisticated corruption that happened during the State Capture years. State failure is pervasive and felt every day by citizens. Calls are growing for urgent electoral reforms that empower citizens to elect capable and ethical leaders. The governing ANC has a defining leadership election set for December. \r\nYet, in the same breath, there are talks of a possible economic recession in developed nations such as the US and UK, caused by rising international oil prices and generally slowing economic activity.\r\nThese daunting challenges can make it difficult for investors to find investment opportunities in South Africa or generate decent and stable returns. \r\nAre there any green shoots regarding the South Africa story? What is working in the country and what isn’t? How do we fix all the problems so that South Africa doesn’t cascade into a failed state level?\r\nThese questions will be answered by industry experts Ray Mahlaka, Iraj Abedian and Nazmeera Moola during the inaugural Business Maverick After Hours live event. \r\nPlease note: Maverick Insiders can use their unique promo code to access the 50% ticket discount. If you're not an Insider but would like to sign up to the community that is making a tangible difference to SA
Source: dailymaverick - 🏆 3. / 84 Read more »