Bitcoin has risen slightly, but it has not been able to break through the $50,000 resistance line and is showing strong performance.
Bitcoin recorded $49,310.49 as of 6.15 a.m. on the 30th (GMT+8), up 0.24% from 24 hours ago, on CoinMarketCap.
Bitcoin once attempted to surpass 50,000 dollars, up to 49,644 dollars, but failed due to strong resistance.
The Chinese stock market started lower on the 27th.
The Shanghai Composite Index opened at 3,494.42, down 0.21 percent from the previous day.
The Shenzhen component index fell 0.23 percent to 14,382.18, and the Chinese version of China's Nasdaq opened at 3259.15, down 0.16 percent from the battlefield.
International oil prices rose more than 5 percent, rebounding in eight trading days.
Western Texas crude jumped $3.50 (5.6 percent) to $65.64 a barrel on Tuesday (local time). In the market, it rose more than 6 percent to 66 dollars, the highest level since November last year.
Brent crude in the North Sea also jumped 3.57 dollars (5.48 percent) to $68.75 a barrel.
According to CNBC, PayPal said on the 23rd that it will allow British customers to buy, hold and sell cryptocurrency starting this week.
This is the first time PayPal has expanded its service to other countries since it introduced its cryptocurrency service in the U.S. in October last year.
Through PayPal's cryptocurrency service, British customers can buy and sell Bitcoin, Ethereum, and Lightcoin, and track cryptocurrency prices in real time.
Sports equipment company Adidas has sold its brand Reebok after 15 years.
The Wall Street Journal (WSJ) reported on the 12th (local time) that Adidas has decided to hand over Reebok after receiving $2.5 billion from the U.S. Ascentic Brands Group.
Adidas acquired Reebok, a U.S. sports goods company, in 2006 for about 3 billion euros.
A bill has been proposed to restrict Apple and Google from generating profits through app stores.
According to CNBC, the Open App Market Act bill targeted Apple and Google for app stores with more than 50 million users in the U.S. Under the bill, Apple and Google cannot force their own payment systems to collect sales fees from developers. App Store operators, like Apple and Google, who control the operating system, must guide and allow users to download apps from other app stores.
Byte Dance, a Chinese technology company that is gaining worldwide popularity with its short video sharing app TikTok, is reportedly planning to be listed on the Hong Kong stock market early next year.
According to Bloomberg and others on the 8th (local time), while Chinese authorities are tightening their crackdown on their technology companies, Byte Dance plans to be listed on the Hong Kong stock market for the fourth quarter or early next year.
Bitcoin prices fell below $30,000 in a month, with the EU proposing a bill to regulate anonymous remittances of cryptocurrency such as Bitcoin.
According to Coindesk, Bitcoin's price fell by more than 3.4 percent in 24 hours on the 21st. It is the first time in about a month that bitcoin prices have fallen below $30,000 since the 23rd of last month, according to Market Watch.
OPEC- has agreed to ease 400,000 barrels a day of oil production cuts starting in August.
OPEC+ made the decision at a meeting of oil ministers on the 19th and agreed to continue until the end of next year. At the end of next year, 5.8 million barrels of production cut per day will be resolved.
Blackstone, the world's largest private equity fund, has signed a contract to acquire and operate some of the assets of AIG in its life insurance and pension sectors. Private equity funds are becoming a major player in the insurance industry.
AIG announced on the 14th that it will sell 9.9% of its life insurance and retirement business to Blackstone for $2.2 billion. It's all cash transactions. Blackstone President Jonathan Gray joins the board of directors of AIG.
The Nikkei 225 index (the Nikkei 225 average) started higher on the Tokyo Stock Exchange on the 12th of July.
According to the Nihon Keizai Shimbun, the Nikkei index rose 472.28 points (1.69%) from the previous trading day to 28,412.70 points. The gains expanded to more than 600 points during the day right after the opening.
The JPX Nikkei Index 400 and the Topix Index are also rising.
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MORNING NEWS
Prices of majorcryptocurrency such as Bitcoin and Ethereum have all fallen.
According to CoinMarketCap, a cryptocurrency market site, Bitcoin fell 4.75% from 24 hours ago to 32,621.00 as of 6:25 a.m. on the 9th GMT+8, and Ethereum fell 9.69% to 2102.47.
Dogecoin is trading at 20.57 cents, 10.9 percent behind.
The International Monetary Fund (IMF) has sharply raised its forecast for U.S. GDP growth to 7 percent this year.
The IMF predicted on the 1st (local time) that the U.S. is recovering from covid 19 with vaccinations, and that the growth rate will reach 7.0% this year due to strong infrastructure spending by the Biden administration. This is a sharp increase from 4.6 percent in April.
The IMF also raised its forecast for next year's growth from 3.5 percent to 4.9 percent.
British FCA have suspended Binance, one of the world's largest cryptocurrency exchange, in the UK.
According to the Financial Times the FCA said in a statement on the 26th that Binance Market Limited (BML) cannot engage in activities subject to any regulations in the UK. No other company in the Binance Group has authorization, registration or license to carry out regulated activities in the UK.
The FCA issued a consumer warning last week against Binance Holdings and London-registered Binance Market Limited. Under FCA's decision, Binance must suspend all advertising activities in the UK by the 30th.
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Panasonic sold all of its shares in Tesla in late March. It is estimated that the company earned up to $3.88 billion from the sale of its shares. In the fiscal year ending in March, Panasonic's cash flow increased by 380 billion yen year-on-year.
Panasonic first started supplying batteries to Tesla in 2009. Panasonic bought Tesla shares in 2010, shortly after Tesla was listed on the Nasdaq. At the time, 1.4 million shares were bought at $21.15. According to a securities report released in March last year, Panasonic's stake in Tesla was worth 81 billion yen (about $730 milliom)
MORNING NEWS
As Tesla CEO Elon Musk said he would allow Tesla to pay for Bitcoin again, cryptocurrency such as Bitcoin is soaring at once again.
As of 9.30 (GMPT+8) on the 14th, Bitcoin recorded $39,073.59 up 9.26% from 24 hours ago on CoinMarketCap.
The sudden surge in bitcoin seems to be due to Tesla CEO Musk's announcement tha if energy cut is possible in mining Bitcoin, Tesla's Bitcoin payment will be allowed again.
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MORNING NEWS
IBM and Facebook announced that their employees will start working on site at their office again starting from September.
IBM Chief Human Resources Officer Niclamoro said in a memo that he would fully reopen his U.S. office in September, citing improved clinical conditions and widespread access to the Covid-19 vaccine.
Facebook CEO Mark Zuckerberg also stated that he plans to allow all full-time employees to work from home if they can handle their duties without having to come to the office, economic media CNBC reported.
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MORNING NEWS
Bloomberg predicted that dumping might occur if the price of Bitcoin is broken by $30,000.
Citing experts, Bloomberg predicted that Bitcoin would plunge to $20,000 if it fell below $30,000 because many Bitcoin investors hung short positions from $30,000.
Bitcoin plunged more than 10 percent the previous day, but it is still up 12 percent this year. As of 9.30 a.m. on the 9th (GMT+8), Bitcoin recorded $33,032 dollars on CoinMarketCap, down 1.93% from 24 hours ago.
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MORNING NEWS
Demonstrations were held in front of Tesla's plant in the U.S. to protest Elon Musk's subsequent intervention in the cryptocurrency market.
The "Stop Elon" group, which declared war on Musk, held a rally in front of its factory in Fremont, California, on to criticize Musk.
The group heard signs saying Musk is exerting too much power in the cryptocurrency market, saying, "We are sick of Musk," "Stop tweeting," and "Stop manipulating the cryptocurrency market."
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MORNING NEWS
Shares of Tesla, a U.S. electric vehicle manufacturer, plunged more than 5% on the 3rd (local time).
Tesla closed at $572.84, down 5.33 percent from the previous day.
News that Tesla's order volume has been cut in half in the Chinese market, which has driven Tesla's growth, quickly dragged down stock prices.
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