Tag Archives: Consolidates

Israel Consolidates Control of Gaza City: Israel-Hamas War Live Updates – The New York Times

  1. Israel Consolidates Control of Gaza City: Israel-Hamas War Live Updates The New York Times
  2. Israel escalates ground operations in Gaza with intense fighting around al-Shifa hospital FOX 5 Washington DC
  3. Israel-Hamas war live: Gaza’s two largest hospitals shut amid nonstop raids | Israel-Palestine conflict News Al Jazeera English
  4. Israel-Hamas war live: al-Shifa hospital ‘no longer functioning’, says WHO; US strikes two locations in Syria The Guardian
  5. Israel-Palestine war | Tayyip Erdogan calls out on the US to stop Israel’s offensive in Gaza | WION WION
  6. View Full Coverage on Google News

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American industrial icon US Steel is on the verge of being absorbed as industry consolidates further – The Associated Press

  1. American industrial icon US Steel is on the verge of being absorbed as industry consolidates further The Associated Press
  2. U.S. Steel Takeover Talk Rattles Manufacturers – WSJ The Wall Street Journal
  3. The Elon Musk of steel? Meet the Brazilian mogul who just bid $7.2 billion to bring two Fortune 500 giants together Fortune
  4. US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives News 5 Cleveland WEWS
  5. Esmark CEO: Cleveland-Cliffs is offering stock for U.S. Steel because they don’t have cash, we do CNBC Television
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Netflix Introduces ‘My Netflix’ Tab on Mobile Apps, Which Consolidates Downloads, Watch List, Reminders and More – Variety

  1. Netflix Introduces ‘My Netflix’ Tab on Mobile Apps, Which Consolidates Downloads, Watch List, Reminders and More Variety
  2. Netflix’s new mobile tab could make it easier to find things to watch The Verge
  3. Netflix Announces New ‘My Netflix’ App, Making Finding What You Want to Watch Even Easier Cord Cutters News
  4. New ‘My Netflix’ tab puts the company’s most frivolous features in one place Android Police
  5. Netflix rolls out ‘My Netflix,’ a new tab for trailers, reminders and more TechCrunch
  6. View Full Coverage on Google News

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‘Dexter’ and ‘Billions’ to Get Spinoffs as Showtime Consolidates With Paramount+ – Variety

  1. ‘Dexter’ and ‘Billions’ to Get Spinoffs as Showtime Consolidates With Paramount+ Variety
  2. Dexter and Billions Spin-Offs on the Way as Showtime Adopts Yellowstone Franchise Model IGN
  3. Premium cable network formerly known as Showtime announces multiple Billions spin-offs Yahoo Entertainment
  4. New Dexter Spin-Offs Coming to Showtime Expected to Take a ‘Deeper’ Look at Show’s Iconic Characters PEOPLE
  5. ‘Billions’ Spinoffs In Works At Showtime; ’Dexter’ Prequel Confirmed Deadline
  6. View Full Coverage on Google News

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Bitcoin Consolidates After Massive Surge North: Here’s What Might Happen Next

After coming close to tagging the 200-day simple moving average on Friday afternoon, Bitcoin BTC/USD flew through the area later during the 24-hour trading session, following Dogecoin and Ethereum, which Benzinga called out.

After busting up through the bellwether indicator, Bitcoin surged over 9% higher over Friday night and Saturday to top out at $21,321.98 that day, before entering into a period of sideways consolidation.

The general market and crypto sector have been trading in an upward trajectory since in-line CPI data was released by the U.S. Labor Department, which gave traders and investors hope the Federal Reserve may successfully drop inflation without throwing the U.S. into a recession.

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Since Sunday, Bitcoin has been trading mostly sideways between about $20,500 and $21,500 to consolidate the recent surge, which is a positive sign.

The Bitcoin Chart: Bitcoin started trading in an uptrend on Dec. 30 and had since printed a few higher highs and higher lows on the daily chart. The most recent higher low was formed on Jan. 6 at $16,670 and the most recent confirmed higher high was printed on that same day at $17.027.

  • During Sunday’s 24-hour trading session, the crypto printed an inside bar on the daily chart, which leans bullish because Bitcoin was trading higher prior to forming the pattern. On Monday, Bitcoin attempted to break up from the inside bar but couldn’t gain momentum, likely because the crypto needs further consolidation.
  • Consolidation is needed because Bitcoin’s relative strength index (RSI) is measuring at almost 89%. When a stock’s or crypto’s RSI reaches or exceeds the 70% mark, it becomes overbought, which can be a sell signal for technical traders.
  • Bullish traders want to see continued sideways or slightly downwards consolidation so that Bitcoin’s RSI drops down to a more comfortable level and then for big bullish volume to come in and break the crypto up above Saturday’s high-of-day. Bearish traders may choose to scalp the upper range of the sideways pattern or wait for signs that the current bull run has come to an end.
  • Bitcoin has resistance above $21,313.41 and $22,729.40 and support below at $20,545 and $19,915.

Read Next: Bitcoin Surges Above $21K, Ethereum, Dogecoin Rally Intact — Analyst Says This ‘Could Awaken Some Dormant Long-Term Bulls’ 

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Ukraine raises flag on recaptured island as Russia consolidates gains in east

  • Ukraine hoists flag on recaptured Black Sea island
  • Russia carries out air strike on island
  • Russia consolidates gains in eastern Ukraine
  • Shells and probes defences of new territory it seeks

KYIV, July 7 (Reuters) – Ukrainian forces raised their national flag on a recaptured Black Sea island on Thursday in a symbol of defiance against Moscow, but Russian forces consolidated gains in eastern Ukraine and probed the defences of potential new targets.

Moscow responded to the flag-raising ceremony fast. It said one of its warplanes had struck Snake Island shortly afterwards and destroyed part of the Ukrainian detachment there.

The tiny island, located about 140 km (90 miles) south of the Ukrainian port of Odesa, is strategically important as it guards sea lanes. Russia abandoned it at the end of June in what it said was a gesture of goodwill – a victory for Ukraine that Kyiv hoped could loosen Moscow’s blockade of Ukrainian ports.

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Images released by Ukraine’s interior ministry on Thursday showed three Ukrainian soldiers raising the blue and yellow national flag on a patch of ground on Snake Island next to the remains of a flattened building.

“Glory to Ukrainian soldiers,” the ministry said on Twitter.

Andriy Yermak, the Ukrainian president’s chief of staff, suggested the moment was one that would be repeated across Ukraine in the coming months.

“The flag of Ukraine is on Snake Island. Ahead of us are many more such videos from Ukrainian cities that are currently under temporary occupation,” he wrote on Telegram.

Russia’s missile strike on the island’s new residents had caused significant damage to its dock, Odesa regional administration spokesman Serhiy Bratchuk said.

Bratchuk said a further two Russian missiles had hit and destroyed two grain stores in his region containing 35 tons of grain.

In Moscow, the Russian defence ministry said several Ukrainian troops had landed on the island before dawn and taken pictures with the flag.

“An aircraft of the Russian Aerospace Forces immediately launched a strike with high-precision missiles on Snake Island, as a result of which part of the Ukrainian military personnel was destroyed,” ministry spokesman Igor Konashenkov said.

Snake Island became a symbol of Ukraine’s refusal to bend to Russia’s will early in the war after Ukrainian forces stationed there delivered a salty riposte when asked by the commander of a Russian ship to surrender.

‘OPERATIONAL PAUSE?’

Russian forces in eastern Ukraine meanwhile kept up pressure on Ukrainian troops trying to hold the line along the northern borders of the Donetsk region, in preparation for an anticipated wider new offensive against it.

After taking the city of Lysychansk on Sunday and effectively cementing their total control of Ukraine’s Luhansk region, Moscow has made clear it is planning to capture parts of the neighbouring Donetsk region which it has not yet seized. Kyiv still controls some large cities.

Donetsk regional governor Pavlo Kyrylenko, who has complained of intense Russian shelling in recent days, wrote on Telegram that seven civilians had been killed by Russia in the region over the last 24 hours.

Reuters could not independently verify his assertion and Russia’s defence ministry says it does not target civilians and uses high precision weapons to eliminate military threats.

The General Staff of the Armed Forces of Ukraine said Russian forces were moving more units into the Luhansk region in order to consolidate Moscow’s control there.

Ukrainian officials said on Wednesday that fighting was underway on the northern border between the Luhansk and Donetsk regions as Russian forces tried to make new inroads.

But after Russian President Vladimir Putin said he wanted troops involved in capturing the Luhansk region to rest, a full offensive has yet to materialise.

The U.S.-based Institute for the Study of War said Russia did not appear to have taken any new territory since its capture of Lysychank on Sunday.

It assessed that “Russian forces are conducting an operational pause while still engaging in limited ground attacks to set conditions for more significant offensive operations”.

Putin launched his invasion on Feb. 24, calling it a “special military operation”, to demilitarise Ukraine, root out what he said were dangerous nationalists and protect Russian speakers in that country.

Ukraine and its allies say Russia launched an imperial-style land grab, starting the biggest conflict in Europe since World War Two.

After failing to seize the capital Kyiv early, Russia is now waging a war of attrition for Ukraine’s Donbas region which comprises the Luhansk and Donetsk regions.

Russia says it wants to wrest control of the eastern and heavily industrial region on behalf of Moscow-backed separatists in two self-proclaimed people’s republics.

Ukraine has repeatedly pleaded with the West to send more weapons to end a conflict that has killed thousands, displaced millions, and flattened cities.

Ukrainian President Volodymyr Zelenskiy said in his nightly video message that his forces now had some of what they needed.

“At last, Western artillery has started to work powerfully, the weapons we are getting from our partners. And their accuracy is exactly what is needed,” he said.

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Reporting by Reuters bureaux; Writing by Michael Perry and Andrew Osborn; Editing by Angus MacSwan

Our Standards: The Thomson Reuters Trust Principles.

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Guinea military consolidates takeover, opposition leader signals openness to transition

CONAKRY, Sept 7 (Reuters) – Guinea’s main opposition leader said on Tuesday he was open to participating in a transition following a military coup over the weekend, as the soldiers who seized power consolidated their takeover.

West African countries have threatened sanctions following the overthrow of President Alpha Conde, who was serving a third term after altering the constitution to permit it.

His opponents said the change was illegal and frustration boiled over into deadly protests last year. Eighty political prisoners detained by Conde’s government, including a number who had campaigned against his third term, were released on Tuesday evening, said Hamidou Barry of the Guinean Organisation of Human Rights.

Regional leaders will meet to discuss Guinea on Wednesday – not Thursday, as suggested in a previous staff memo.

Coup leader Mamady Doumbouya, a former officer in the French Foreign Legion, has promised a transitional government of national unity and a “new era for governance and economic development”. But he has not yet explained exactly what this will entail, or given a timeframe.

Guinea’s main opposition leader, Cellou Dalein Diallo, told Reuters on Tuesday he had not yet been consulted about the transition but was ready to participate.

“We would send representatives, why not, to participate in the process to bring the country back to constitutional order,” said Diallo, a former prime minister who finished runner-up to Conde in three successive elections, most recently last October.

Sunday’s uprising, in which Conde and other top politicians were detained or barred from travelling, is the third since April in West and Central Africa, raising concerns about a slide back to military rule in a region that had made strides towards multi-party democracy since the 1990s.

Conakry was calm for a second day after the putsch, with some military checkpoints removed. Traffic was normal on Tuesday in the capital’s administrative centre, the Kaloum peninsula.

Special forces members take position during an uprising that led to the toppling of president Alpha Conde in Kaloum neighbourhood of Conakry, Guinea September 5, 2021. REUTERS/Saliou Samb/File Photo

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Moving to consolidate their power, the soldiers that led the coup have installed army officers at the top of Guinea’s eight regions and various administrative districts.

BAUXITE

The coup raised concerns about supplies of bauxite, the main aluminium ore, from Guinea, a leading producer.

The benchmark aluminium contract on the London Metal Exchange remained near a 10-year high on Monday.

However, mines have not reported any disruption. State-run Chinese aluminium producer Chalco’s (601600.SS), bauxite project in Guinea said it was operating normally.

The Australian-listed bauxite and gold exploration firms Lindian Resources (LIN.AX) and Polymetals Resources (POL.AX) also said on Tuesday that their activities were unaffected.

The Kremlin said it was closely following the political situation and that it hoped Russian business interests, which include three major bauxite mines and one alumina refinery, would not suffer.

During his decade in power, Conde steered Guinea through economic growth, but unemployment remained high.

Surveys by Afrobarometer suggest the majority of Guineans think the level of corruption has increased, while dissatisfaction with the economy and personal living conditions has also risen.

Diallo said corruption became endemic under Conde.

“An elite that enriched themselves in an insolent way, while poverty was rising and the country’s infrastructure was crumbling. There was also a general malaise in the country,” he said.

Additional reporting by Hereward Holland and Bate Felix
Editing by Kevin Liffey and Grant McCool

Our Standards: The Thomson Reuters Trust Principles.

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Crypto Markets Rebound, Bitcoin Price Consolidates, BTC Dominance Levels Sink – Markets and Prices Bitcoin News

The price of bitcoin dropped around 8% during the last seven days, but prices started to improve during Friday’s mid-afternoon trading sessions. Today, bitcoin is swapping for prices between $54,400 to $54,800 per unit and commands a $1.02 trillion market valuation. The overall market capitalization of all 8,500+ coins in existence is around $1.59 trillion on Saturday morning.

  • Bitcoin (BTC) prices have seen some improvements after the price slid from $57,207 to a low of $50,360 on Thursday. BTC is up today over 3%, but down 5% for the week on March 27, 2021. Bitcoin dominance among all the other coin valuations combined is around 59.3% while ethereum (ETH) captures 11%.

  • Bitcoin is still up over 16% for the month, 109% during the last three months, and 763% against the USD for the year.
  • The top trading pair with bitcoin (BTC) today is tether (USDT) which commands 55% of the crypto asset’s trades. This is followed by USD (16.85%), BUSD (5.92%), JPY (4.19%), EUR (3.84%), and the KRW (2.38%).

  • This week the cryptocurrency community was pleased to hear that Elon Musk revealed that the electric car company Tesla will now accept BTC for purchases. The CEO of Zumo, a digital wallet and payments platform, Nick Jones believes more brands will join Tesla’s lead.
  • “We’re delighted to see that Tesla is now accepting Bitcoin as a form of payment for their products,” Jones explained. “The increased institutional investment and market support of cryptocurrency from such brands is a key indicator of not only its long-term value but its contemporary relevance. Knowing that over half of UK crypto owners have purchased this currency in the last six months, I’d imagine that more brands will follow suit,” the Zumo CEO added.
  • At the time of publication, the second largest crypto asset by market cap, ethereum (ETH) is trading for $1,686 per unit and is up over 3% today. Behind ETH is tether and in the fourth market position binance coin (BNB) is trading for $254, up 2.5% over the last 24 hours.
  • Bitcoin cash (BCH) is in the 11th market position today and exchanging hands for $495 per BCH. The crypto asset is up 0.64% today, down 6% for the week, up 0.21% for the last 30 days, and over 48% for the last three months.
  • The top two gainers today include chatcoin (CHAT) and stakenet (XSN). The top two losers on Saturday morning include selfkey (KEY) and cortex (CTXC).

Want to keep up with all the crypto market action in real-time? Check out markets.Bitcoin.com today!

What do you think about all the market action this week as crypto traders head into the weekend trading sessions? Let us know what you think about this subject in the comments section below.

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