Month : February 2025

This collaboration sets a new benchmark among music labels in the region for immersive audio production. Newszy: Dubai, UAE – In a bold move set to redefine the landscape of audio production in the MENA region, Takwene—a leading digital content distributor, independent record label, music publisher, and an innovative creative hub, announced the......

The European Union recorded a trade surplus of €27.2 billion in the final quarter of 2024, continuing a six-quarter streak of positive trade balances, according to Eurostat, the statistical office of the EU. This sustained surplus follows a period of deficits caused by high energy costs from late 2021 to mid-2023. The surplus......

Bitcoin (BTC) has surged past $96,000, edging closer to the psychologically significant $100,000 threshold following dovish comments from Atlanta Federal Reserve Bank President Raphael Bostic. His remarks signaled a potential shift in U.S. monetary policy, prompting renewed optimism among investors and driving risk-on assets higher. The cryptocurrency market had been subdued in recent weeks, with......

MicroStrategy, now operating under the name Strategy, has significantly reduced its workforce while aggressively expanding its bitcoin holdings. The company disclosed in its audited 2024 annual report, filed Tuesday, that it cut 20.7% of its workforce as it more than doubled its cryptocurrency assets last year. The report revealed that Strategy employed 1,534 people......

Franklin Templeton has filed for an exchange-traded fund (ETF) that will track the spot price of Solana, marking a significant move by asset managers to expand beyond Bitcoin in the cryptocurrency market. The filing, submitted on Friday, underscores the growing institutional interest in digital assets as regulatory conditions improve. The proposed ETF will be listed......

Oil prices continued their upward trend, settling above $72 per barrel amid ongoing supply uncertainty and a weak dollar, which made dollar-denominated commodities more attractive to investors. The rise marked the third consecutive session of gains as concerns over potential supply disruptions persisted. The market remained on edge following the disruption of a......

Bybit, the Singapore-based cryptocurrency exchange, has confirmed a security breach that resulted in the theft of over $1.4 billion worth of Ethereum (ETH) from one of its cold wallets. The attack, which appears to have exploited vulnerabilities in the exchange’s multi-signature security system, was acknowledged by Bybit CEO Ben Zhou. Zhou stated that the breach affected......