Strong short covering before the results of Maharashtra elections, FIIs increased long positions, big registers for Nifty at 24000 – strong short covering before the results of Maharashtra elections FIIs increased long positions big registers for Nifty at 24000

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On November 22, ahead of the results of Maharashtra and Jharkhand elections, there was a rush among investors to cover short positions in NSE Nifty and Bank Nifty. This led to the highest unwinding in the November derivatives series. Unwinding of 12.23 lakh shares was witnessed in Nifty yesterday, while unwinding of 1.35 lakh shares … Read more

Texas could adopt a strategic bitcoin reserve, says Dennis Porter

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The organization has already held talks with a Texas congressman. Thanks to its robust economy, the region has the potential to influence bitcoin adoption. Dennis Porter, CEO of the Satoshi Action Fund (SAF), recently spoke at the Texas Blockchain Council about his proposal to create a strategic bitcoin reserve in the area. During his speech, … Read more

Bitcoin breaks the USD 98,000 barrier and is going for more, see it in the news summary

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Novogratz: Bitcoin would reach USD 500,000 if the US converts reserves to BTC. There could be an altseason but with low impact, according to analyst Juan Rodríguez. Far from stopping, the rally of bitcoin (BTC) and other cryptocurrencies does not stop advancing and the currency created by Satoshi Nakamoto is increasingly closer to USD 100,000. … Read more

Russia receives 150 applications from companies to mine Bitcoin

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Daniil Egorov, head of the Treasury, is optimistic about more registrations. Miners who consume less than 6,000 KWh per month will not be required to register. According to Russia’s Federal Tax Service, companies in the country are rushing to obtain Bitcoin mining permits, as around 150 applications have been submitted to date. It is important … Read more

Don’t have an ASIC? Here is a profitable cryptocurrency to mine with GPU

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Currently ALEO has the 3 most profitable GPUs for mining cryptocurrencies. ALEO is currently trading at $1.16 and its market capitalization is $300 million. The mining of the ALEO cryptocurrency, the token native to the first layer (L1) network Aleo, is currently the most profitable cryptocurrency to mine with GPUs (graphics processing units). Mining this … Read more

‘The Russians know they cannot win this war unless the West quits’, former US Army officer says

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Commenting on President Joe Biden’s decision to let Ukraine use US-provided long-range missiles to strike inside Russian territory, retired United States Army officer Ben Hodges said “it should have been done two years ago”. “You can see how much the Russians dread Ukraine having this capability now that can destroy [their] headquarters, logistics, artillery,” he … Read more

Stellar price takes off due to its connection with Ripple’s XRP

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The relationship between Stellar (XLM) and Ripple (XRP) has once again taken center stage in the cryptocurrency market, propelling XLM towards notable growth. XLM price has skyrocketedconsolidating at the time of this publication as the cryptocurrency with the greatest increase in the last seven days. Seven days ago, its price was around $0.12; howeverin the … Read more

This is the strategy of large companies to buy more bitcoin

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More and more companies are adopting the MicroStrategy (MSTR) strategy to raise funds and purchase bitcoin (BTC) as a reserve asset. The objective of this financial engineering is to achieve greater performance in its treasuries. These operations are financed through the issuance of debt bonds with an interest rate of 0% and long-term maturities. Investors … Read more