Fri, Feb 2, 2024 11:11 AM
Amazon posts AI-fueled cloud, ecommerce growth, shares jump
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Visa and Coinbase have linked to offer customers the ability to instantly deposit and withdraw from the crypto exchange via eligible Visa debit cards.Visa users with eligible debit cards will soon be able to instantly deposit and withdraw funds from their accounts with the crypto exchange Coinbase after the two firms announced a partnership.
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If Bitcoin continues to “mature” and governments keep issuing large volumes of fiat currency, its price could soar above $200,000 without any major devaluation of the US Dollar, says Bitwise CIO Matt Hougan. Growing investment in “store-of-value” assets and continued fiat currency devaluation could propel the price of Bitcoin to six figures without the need for the US dollar to collapse.
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Cyient's Q2 results were in line with estimates, with 2% q/q growth and 14.2% EBIT margin, despite a 14.7% y/y decline in total contract value. Management remains optimistic about H2 growth, and the brokerage firm raises its FY25 earnings estimate by 6.6% and upgrades its rating to Buy with a target price of Rs.2,230.
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