November 7, 20240 Comments

Bitcoin’s Parabolic Trend to Six-Figure Price Very Much in Play, Says Kevin Svenson – Here Are His Targets

A widely followed crypto analyst says that a Bitcoin (BTC) rally to a six-figure price tag is still in the cards. In a new strategy session, crypto trader Kevin Svenson tells his 80,200 YouTube subscribers that a parabolic trend to six figures for the top crypto asset by market cap after its post-election boom is still a very real possibility. According to Svenson, the crypto king could skyrocket to $124,000

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November 7, 20240 Comments

OrbitLabs Proposes Testing for New Terra Classic’s Tax Mechanism

LUNC News: OrbitLabs has proposed a thorough review of the new “Reverse Charge” tax system on Terra Classic. This tax mechanism aims to simplify tax handling on the blockchain by deducting taxes from the recipient rather than the sender. The community’s approval would allow OrbitLabs to proceed with the review, ensuring the system’s reliability and security before full implementation. LUNC News: OrbitLabs Proposes Testing Terra Classic’s Tax Mechanism According to

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November 7, 20240 Comments

Detroit To Accept Tax Payments In Crypto, Here’s When

Detroit is becoming the biggest US city whose resident will be able to settle their tax payments in cryptocurrency, city officials announced Thursday. The move will make Detroit the largest US city to accept crypto payments for public services. City officials said transactions are set to occur via a secure platform maintained by PayPal. The service is set to start by mid-2025. Detroit Becomes First Major US City to Accept

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November 7, 20240 Comments

Vladimir Putin Reveals BRICS Dollar Strategy Amid Donald Trump Policy Shifts

Russian President Vladimir Putin addressed Russia’s position within the BRICS alliance regarding using the U.S. dollar. Contrary to the BRICS bloc’s ongoing de-dollarization efforts, Putin clarified that Russia is not planning to abandon the dollar entirely but will limit its use as a settlement currency. Describing the dollar as a “pillar of U.S. power,” Putin highlighted that the global trend toward alternative currencies is just a response to evolving economic

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November 7, 20240 Comments

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November 7, 20240 Comments

Vladimir Putin hails ‘courageous’ Donald Trump after election win

Putin praises Trump and congratulates election win Vladimir Putin has congratulated Donald Trump on his election victory, calling him a “courageous man”. Speaking at an event in the Russian city of Sochi, the Russian president said that Trump was “hounded from all sides” during his first term in the White House. Putin also said that Trump’s claim that he can help end the war in Ukraine “deserves attention at least”.

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November 7, 20240 Comments

Lucid (LCID) results Q3 2024

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group slightly beat Wall Street’s third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin consumer production of a new SUV by the end of this year. Here is how the company performed in the quarter, compared with average estimates

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November 7, 20240 Comments

Stocks making the biggest moves after hours: ABNB, PINS, EXPE, RIVN

Check out the companies making headlines in extended trading: Rivian — The electric vehicle maker added nearly 2% despite missing on both top and bottom lines in the third quarter. Rivian posted an adjusted loss of 99 cents per share on $874 million in revenue. Analysts polled by LSEG had forecast a loss of 92 cents per share on revenue of $990 million. Pinterest — Shares tumbled 11% after the

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November 7, 20240 Comments

Rivian (RIVN) earnings Q3 2024

Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here’s how the company performed in the quarter, compared with average estimates compiled by LSEG: Loss per share: 99 cents adjusted vs. a loss of 92 cents expected Revenue: $874 million vs. $990 million expected Rivian said it now expects adjusted earnings before interest, taxes, depreciation, and amortization of between a

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November 7, 20240 Comments

Australia plans “world-leading” social media ban for children under 16

Australian Prime Minister Anthony Albanese announced Thursday what he called a “world-leading” plan to implement a social media ban for all children under the age of 16. While much of the detail of the proposed legislation has yet to be made clear, the Australian leader said at a news conference that the bill involves an age verification process where “the onus will be on social media platforms to demonstrate they

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