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CoinDesk
Tue, November 7, 2023 at 7:11 AM PST
Two U.K. financial watchdogs, the Bank of England (BOE) and the Financial Conduct Authority (FCA), have published their plans to regulate stablecoins. Clifford Chance LLP senior associate Laura Douglas discusses the significance of the proposals that aim to a clearer regulatory framework in the U.K. and the previous challenges the country has faced regarding stablecoin rules.
Altcoins climbed higher on Monday, while bitcoin (BTC) remained close to $35,000 as investors ventured into riskier tokens. Coinbase Institutional Head of Research David Duong shares his crypto markets analysis, explaining the potential factors behind the altcoin spike and why it did not just "materialize out of thin air." Plus, Duong's thoughts on XRP's price action and a spot bitcoin ETF approval in the U.S.
As part of CoinDesk's Trading Week 2023, sponsored by CME Group, CoinDesk Markets Team co-managing editor Omkar Godbole joins "First Mover" to discuss a chart from Tom McClellan, the editor at The McClellan Market Report, which shows total open interest in bitcoin futures has spiked. Spikes in open interest have historically marked trend changes.
XRP has risen about 14% in the past week, as bitcoin and ether hold steady. Bulls may have reacted to two positive developments for payments firm Ripple, as the company recently won key approvals to operate and offer services in Georgia and Dubai. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Tellurian Inc. (TELL) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
AMC Entertainment's (AMC) third-quarter 2023 results are likely to reflect year-over-year growth in attendance on the back of varied service offerings and new theatre openings globally.
It has been a very good year for bitcoin investors. Against a backdrop of multiple bank collapses, a shaky economic macro and recent geopolitical issues, the leading crypto has more than doubled in value in 2023, with investors increasingly viewing bitcoin as a safe haven asset to lean on in troubled times. Of course, the growing mainstream acceptance represents a big change in attitude toward what was not long ago considered an extremely volatile and risky asset. But the good news is that this
Shockwave Medical's (SWAV) third-quarter results reflect robust revenue growth and gross margin expansion on the back of strong demand and new launches.
Microsoft stock is on pace for a new all-time closing high—but there could be some hiccups in the short term. Microsoft (MSFT) stock has gained 1.5% to $361.87. What’s more, Microsoft is rising for an eighth consecutive days, putting it on pace to match its longest streak since Jan. 28, 2021.
While the top- and bottom-line numbers for Air Products and Chemicals (APD) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
