updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Skybridge Capital founder Anthony Scaramucci recently tweeted that Qatar may have added Bitcoin (BTC) to its reserves, and would be the first Middle Eastern country to do so. The Bitcoin price surged past $64,000 once again on Sunday, March 3, amid strong buying activity in the crypto market.
Max is saying Qatar may have added #Bitcoin to their balance sheet. If true all we can say is thank you Max Keiser! https://t.co/3f2Tnn0avs
— Anthony Scaramucci (@Scaramucci) March 3, 2024
The recent news regarding Qatar actively looking into Bitcoin investments surfaced last September 2023 for the first time as The Emir of Qatar, His Highness Tamim Bin Hamad, arrived in El Salvador to engage in discussions regarding Bitcoin adoption and other investment prospects. However, there’s no official confirmation on the Bitcoin investments made by Qatar so far.
Bitcoin maximalist Max Keiser, who’s also a close associate to El Salvador President Nayib Bukele has been actively gunning for it for a while. The news is gathering momentum because the Qatar Executive Gulfstream G650ER , the private jet of The Emir of Qatar, was seen in Madeira during the Bitcoin Atlantis conference. This happened soon after MicroStrategy director Michael Saylor gave a historic speech at the conference.
However, one question that everyone is asking is what happens to Bitcoin’s (BTC) price once rich Middle Eastern nations like Saudi Arabia and Qatar start accumulating Bitcoins with their oil money. We could be seeing massive money gushing into the asset class once again.
As we saw, massive institutional money has been flowing into the newly launched Bitcoin ETFs, over the last two months.
BlackRock Inc.’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC) have collectively garnered 79% of total inflows among the “Newborn Nine” funds. In response, four of the remaining seven funds have opted to reduce their fees below those of the two leading funds.
Valkyrie Investments notably slashed its fee to 0.25% from the prior 0.49% following SEC approval, nearly halving the charge. Similarly, Franklin Templeton has lowered its management fee to a sector-low 0.19%, marking a 10 basis points reduction. Notably, Bitwise remains the only fund among the group that has not adjusted its fee structure.
On February 28th last week, the IBIT fund secured $612 million in new investments, marking its highest single-day influx since inception. Moreover, throughout the previous month, it has consistently attracted the majority of new flows. With the distribution network of the world’s largest fund manager, investors may potentially access better liquidity compared to many competitors.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
MANU stock price surged by a staggering 30% as the news emerged of Sheikh Jassim being the preferred bidder of the Premier League soccer club.
On Tuesday, June 13, the shares price of Manchester United (NYSE: MANU) popped up by a massive 30% in the pre-market hours on the New York Stock Exchange. The recent surge happened after Qatari media suggested Sheikh Jassim bin Hamad al-Thani is likely to succeed with his takeover bid.
On Tuesday, Qatar’s local news publication Al-Watan reported that Sheikh Jassim will soon emerge as the preferred bidder of the Premier League soccer club. However, Machester United has not confirmed this takeover so far. But the news was enough to put fuel to MANU shares.
The development happens after seven long months of negotiations that happened between the concerned parties. British petrochemicals billionaire Jim Ratcliffe was also one of the interested parties in buying the Manchester United Club.
The Al-Watan newspaper also shared the same news on their social media Twitter handle stating that “the success of Sheikh Jassim bin Hamad bin Jassim’s acquisition” would be announced soon. Fahad al-Emadi, editor of Al Watan newspaper also shared a similar message. He said:
“All the news received indicates the success of Sheikh Jassim bin Hamad bin Jassim’s acquisition of Manchester United, and the announcement of the deal will be very soon.”
With the current surge in the stock, MANU stock price has now moved close to $25. However, it still trades in negative since the beginning of the year 2023.
The American owners of Manchester United i.e. the Glazer family announced the formal sale process of the club last year in November 2022. Back then, the company’s board of directors spoke about exploring “strategic alternatives” for the club.
Last year in August 2022, Elon Musk also made a joking comment that he was buying Manchester United which sparked a major reaction in the global football community.
In recent days, Sheikh Jassim submitted an enhanced bid of approximately £5 billion, accompanied by a pledge of £1 billion in investment. This offer aims to acquire complete ownership of Old Trafford. Meanwhile, Ratcliffe’s proposal is believed to be for a 60% stake in the club, with the possibility of involvement from members of the Glazer Family.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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Held under the theme “Equalizing the Global Recovery,” the second annual Qatar Economic Forum, powered by Bloomberg, which took place in Doha in June this year, aimed to help provide a roadmap for the next phase of global economic growth.
One of the event’s highly-anticipated sessions had Elon Musk, founder of SpaceX, Tesla, Neuralink, and The Boring Company, addressing the Qatar Economic Forum audience via a video link, during which he broached a range of topics, ranging from his opinion on the current state of the American economy, to whether social media platform Twitter will eventually be added to the list of his ventures.
Speaking on the latter topic, Musk said that while his intent to buy Twitter is still “on hold” as he seeks more information on how many of its users are real people, he remains enthusiastic about the potential of the platform.
“My aspiration for Twitter is to be as inclusive as possible,” Musk said. “That it is an appealing system to use. Ideally, I would like to get 80% of North America and half the world on Twitter. That means it must be something appealing. Generally, the approach of Twitter should be to let people say what they want within the bounds of the law.”
Musk also said that his vision for the messaging platform is to “drive the product, which is what I do at SpaceX and Tesla,” adding that taking the position of CEO of Twitter is of less relevance to him.
As for his other venture, Texas-headquartered electric car manufacturer Tesla, Musk said that while the company has grown to about 100,000 employees globally, a cutback on that number is on the cards. “Tesla is reducing its salaried workforce roughly 10% over the next three months or so,” he said. “We expect to grow our hourly workforce. We grew very fast on the salaried side, grew a little too fast in some areas.”
Musk’s intentions to cut Tesla’s expenses align with his negative outlook of the US economy for the near future. “A recession is inevitable at some point,” Musk said. “It is not a certainty, but it appears more likely than not.”
Musk also talked about his support of Dogecoin, a cryptocurrency created as a joke in 2013, which is now accepted by Tesla as payment for its merchandise. “I just know a lot of people who are not that wealthy who, you know, have encouraged me to buy and support Dogecoin,” Musk said. “I’m responding to those people.”
The 2022 Qatar Economic Forum was staged under the high patronage of H.H. Sheikh Tamim bin Hamad Al-Thani, the Emir of the State of Qatar, with it featuring over 75 speakers on the main stage, and having more than 500 heads of state and business leaders in attendance. The forum touched upon the topics of widening global inequalities, the misalignment between jobs of the future and the workforce of today, a looming debt crisis, and more.
Related: Qatar Financial Centre And Founder Institute Come Together To Strengthen Qatar’s Business Ecosystem
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Crypto exchange Crypto.com continues to expand its sponsorship deals in the sports industry. The popular crypto exchange has recently joined the list of sponsors for the 2022 FIFA World Cup to be held in Qatar later this year.
The Singapore-based company will also be the exclusive crypto trading platform for the FIFA event. Crypto.com is one of the most popular global exchanges with over 10 million customers worldwide. By being the official sponsor, Crypto.com will get significant branding exposure both inside and outside the stadium. Kay Madati, FIFA’s Chief Commercial Officer said:
“Crypto.com has already demonstrated a commitment to supporting top-tier teams and leagues, major events and iconic venues across the world, and there is no platform bigger, or with a greater reach and cultural impact, than FIFA’s global platform of football.
We are delighted to have a global brand like Crypto.com join us as a sponsor of the exciting and groundbreaking FIFA World Cup in Qatar, ultimately helping to grow our beautiful game on a global scale.”
Over the last year and more, Crypto.com has been a major sponsor to some of the biggest sporting events. It enjoys partnerships with some of the top-tier sports including MAA, basketball, motorsports, ice hockey and football.
Last November, Crypto.com secured the naming rights deal renaming the Los Angeles’ Staples Center as the “Crypto.com Arena”. It also became the official crypto exchange for men’s and women’s professional football leagues in Australia. It also signed some key deals with NBA star LeBron James. Speaking on the recent development, Kris Marszalek, Co-founder and Chief Executive Officer of Crypto.com said:
“We could not be more excited to sponsor the FIFA World Cup, one of the most prestigious tournaments in the world, and to drive further awareness of Crypto.com globally. Through our partnership with FIFA, we will continue to use our platform in innovative ways so that Crypto.com can power the future of world-class sports and fan experiences around the world.”
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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