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HONG KONG/SINGAPORE (Reuters) -Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment. Bitcoin rose as far as 12.5% to hit $39,850, its highest since mid-June during the Asia session, while ether hit a three-week peak of $2,344. On the heels of bitcoin’s best week in almost three months, the move put… Source link

(Bloomberg) — Bitcoin soared on Monday to approach $40,000, a rally some attributed to traders exiting bets on declines as well as ongoing speculation over Amazon.com Inc.’s potential involvement in the cryptocurrency sector. The largest crypto rose as much as 15% to $39,681 before paring some of the climb to trade at about $38,600 as of 7 a.m. in London. Other virtual coins also rallied, including second-ranked Ether. “The extent of the jump was probably driven by over-leveraged… Source link

In this article, we discuss the 10 most-shorted stocks Reddit’s WallStreetBets is paying attention to. If you want to skip our detailed analysis of these stocks, go directly to the 5 Most-Shorted Stocks Reddit’s WallStreetBets Is Paying Attention To. Reddit forum WallStreetBets, with a user base of well over 10.7 million and growing, rose to prominence in the finance world after it was identified as a key social hub frequented by retail investors in the GameStop Corp. (NYSE: GME) and AMC… Source link

(Bloomberg) — Most Asian stocks rose early Monday after U.S. shares rallied to an all-time high on corporate earnings, though traders are also mulling China’s technology-sector crackdown and an upcoming Federal Reserve meeting. Japan jumped after reopening from a two-day holiday, Australia edged up and South Korea fluctuated. Futures slid in Hong Kong, where an index offering exposure to China’s internet giants is the world’s worst-performing major tech gauge. Beijing’s latest… Source link

The coming week will be the most important of this quarter’s earnings season — even if later weeks beat it on quantity, it will be nearly impossible to top this slate in terms of dollars and attention. That is because all of Big Tech will report, and those five companies — Google parent Alphabet Inc. GOOGL GOOG, e-commerce and cloud-computing powerhouse Amazon.com Inc. AMZN, iPhone maker Apple Inc. AAPL, … Source link

Are you intrigued by the possibility of using nuclear reactors to curb emissions, but worried about their water use and long-term safety? There might be an impending solution. LiveScience reports that China has outlined plans to build the first ‘clean’ commercial nuclear reactor using liquid thorium and molten salt. The first prototype reactor should be ready in August, with the first tests due in September. A full-scale commercial reactor should be ready by 2030. The technology should not… Source link

Japanese Airforce draw colorful Olympic rings in Tokyo sky The Japanese Air Force performed a colorful flyover over Tokyo ahead of the opening ceremony of the Olympics on July 23, officials said. Credit – uminomagu via Storyful Want to compete for the gold but didn’t get invited to participate in the Tokyo Olympics? Google has a way to make you feel like an athlete. The tech company unveiled its latest interactive web experience, Doodle Champion Island Games. The game… Source link

Arizona State is facing NCAA scrutiny over alleged recruiting violations stemming from last year. (Photo by Kevin Abele/Icon Sportswire via Getty Images) The NCAA investigation into Arizona State’s football program is expanding, as sources confirmed to Yahoo Sports that the organization has begun reaching out to recruits mentioned in the dossier of documents that detailed potential recruiting violations in the Sun Devils’ program. Yahoo Sports has learned that Mark Strothkamp, a veteran of… Source link

In T-minus 10 days, the Ethereum blockchain will undergo its 11th backward-incompatible upgrade, also called a “hard fork.” This hard fork, dubbed “London,” contains five Ethereum Improvement Proposals (EIPs), each featuring code changes aimed at optimizing and improving the world’s second-largest cryptocurrency by market capitalization.  Of these five EIPs, EIP 1559 has been the most controversial among Ethereum stakeholders due to its radical redesign of the network’s fee… Source link

Social Security checks may see a huge raise next year. Will it be enough? The ongoing spike in inflation that has Americans paying more for gas, food, cars and many other things could lead to the biggest Social Security boost in almost 40 years when officials announce the cost of living adjustment, or COLA, for 2022. Plus, members of Congress have proposed changes to how the COLA is calculated, which could result in even larger Social Security checks for 55 million retirees, their dependents… Source link