Pravin Char

Nov 4, 2024 | gurutrade.com | Lisa Mattackal |Vidya Ranganathan |Pravin Char

Nov 4 (Reuters) - Donald Trump is a clear favorite to beat Kamala Harris - that's if you put your faith in prediction markets, the latest frontier for the indefatigable crypto speculator. On the eve of the U.S. election, billions of crypto dollars are chasing bets on the two candidates on platforms like Polymarket and Kalshi. Those sites respectively gave Trump about a 57%-43% and 51%-49% lead over Harris as of Monday, in contrast to neck-and neck opinion polls.

Oct 8, 2024 | gurutrade.com | Lisa Mattackal |Medha Singh |Pravin Char

Oct 8 - Bitcoin has been distinctly listless in the past three months after starting the year with a bang. The crypto leader has largely shuttled between $56,000 and $63,000 so far in the second half of the year - a contrast to the first six months when it jumped 45%, propelled by the launch of U.S. exchange-traded funds (ETFs) tracking its spot price.

Sep 16, 2024 | today.westlaw.com | Pravin Char |Matt McKnight |Joe Brock |David Shepardson

SEATTLE (Reuters) - Boeing bosses are staring down the barrel. The twists and turns of the past week paint a picture of managers badly wrong-footed by the depth of fury among workers who tossed out a 25% pay increase deal and launched strike action. ...

Sep 3, 2024 | gurutrade.com | Suzanne McGee |Vineet Sachdev |Pravin Char

Sept 3 (Reuters) - Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds (ETFs) to attract $55 billion of assets in their first five years. As of late August this year, about eight months after their debut, the 10 new funds approved by U.S. regulators collectively boasted more than $52 billion, according to data from TrackInsight. "Clearly, I wasn't being bullish enough," Hougan, CEO of crypto firm Bitwise Investments, reflected wryly.

Jul 9, 2024 | gurutrade.com | Hannah Lang |Pravin Char

July 9 (Reuters) - Ether might be coming close to its moment in the sun. The world's No.2 cryptocurrency has remained in the wings this year as big brother bitcoin soared to all-time highs on the back of new U.S. exchange-traded funds meant to track its price. But as companion ETFs for ether are set to hit the market soon, some market players predict a price rally beyond its Nov. 2021 all-time high of $4,867.60 could be on the cards.