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(October 30): Most of the euro zone's biggest economies expanded in the third quarter, avoiding a recession that even Germany was widely expected to endure. Growth accelerated in France and was stronger than expected in Spain. Analysts were caught off guard by Germany's surprise 0.2% rise in gross domestic product, but the figures for the past three months have been revised down significantly. The weak spot was Italy, where production was unexpectedly flat. On the inflation front, separate data from Spain shows that consumer price inflation has accelerated slightly towards 1.8%, but remains within the European Central Bank's (ECB) target…

The cryptocurrency market is currently experiencing a surge in activity, highlighted by major moves by established players such as Litecoin and Ethereum, as well as emerging players such as BlockDAG (BDAG). As institutional investor engagement increases, the industry is keeping an eye on important developments such as the introduction of the first Spotlight Coin ETF and Ethereum's long-awaited Pectra upgrade. In recent news, BlockDAG has introduced a new and improved website that improves the user experience with a smooth and intuitive design. This improvement is consistent with the company's impressive presale track record, which currently has revenues of over $105.5…

DUBLIN, Oct. 30, 2024 (Globe Newswire) — The “Crypto Asset Management – Global Strategic Business Report” report has been added. ResearchAndMarkets.com Offerings.The global market for crypto asset management is estimated at USD 1.7 billion in 2023 and is projected to reach USD 2.5 billion by 2030, growing at a CAGR of 5.7% from 2023 to 2030. This comprehensive report provides a detailed analysis of market trends. , factors, and predictions to help you make informed business decisions. The growth of the crypto asset management market is driven by the increasing adoption of digital assets, advances in secure technology, regulatory developments,…

Data on growth and inflation across the euro area will start flowing in from today. France's third-quarter GDP figures released this morning were a tenth below the consensus of 0.4% quarter-on-quarter. We will know the growth rates for Germany and Italy before the Eurozone Advanced Paper is published at 11:00 CET. Francesco Pesole, a foreign exchange analyst at ING, said the consensus is that Germany is expected to see negative growth of 0.1% quarter-on-quarter for the second year in a row, while the euro area as a whole is expected to grow flat at 0.2% quarter-on-quarter. I am doing it.…

Bitcoin (BTC) neared a new record in a dramatic trading session on Tuesday, surging above $73,000 before retreating from a near-historic moment. The cryptocurrency hit an all-time high of $73,562, $175 below its March record of $73,737, in what traders say is one of the most notable price movements of the year. The digital currency's rally that began late Monday surpassed the $70,000 mark for the first time, drawing the attention of investors and market analysts. Bitcoin has soared to a five-month high, reaching unprecedented resilience in the crypto market just one week before the US presidential election. Curiously, the…

Sponsored post* Ethereum (ETH) rose from $1,600 to $4,000 in about five months. This happened from the fourth quarter of 2023 to the first quarter of 2024. However, early Ethereum (ETH) buyers a few years ago would have earned up to 10x. Now, expert analysts who benefited from Ethereum (ETH)'s early gains are predicting similar gains for two other altcoins. According to this expert, investors have the potential to reap exponential profits from new DeFi protocols called Avalanche (AVAX) and Lunex Network (LNEX). While Avalanche (AVAX) gradually rises, Lunex Network is gaining buzz among investors for its innovative features that…

A country in South America is on its way to becoming the region's crypto champion. Bolivians have an opportunity to invest in the digital currency after one of Bolivia's leading financial institutions introduced a dedicated custody service for Tether's stablecoin, USDT. Bolivia adopts cryptocurrency Bolivia is a country known for its diverse culture and is the newest state in South America to adopt cryptocurrencies. Banco Bisa, one of the largest banks, recently opened a dedicated storage facility for Tether. This marked the entry of cryptocurrencies into the country's financial sector. It became the third neighboring country to adopt digital assets…

Melanie Fizer, a journalist and professor at the University of Tennessee, Knoxville, sued the Tennessee Valley Authority for violating the Freedom of Information Act, a federal law that gives citizens access to federal agency information. I'm suing. document.Fizer, a former interim news director at UT's NPR affiliate radio station WUOT, first requested access to documents related to TVA's secret financial incentives for virtual currency companies in April 2023.She was investigating a cryptocurrency mining operation, a huge computer system that consumes electricity but doesn't create many jobs.Digital currencies like Bitcoin must be “mined” by large networks of computers that solve complex…

Analysts at the crypto industry's largest asset management firm believe that Bitcoin (BTC) will skyrocket in the coming months. Matthew Siegel, head of digital asset research at VanEck, said in a new interview with CNBC that this election will be a big catalyst for top crypto assets. “The smallest increase in history from the trough to the top of the Bitcoin cycle was 2,000%. Doing half that, or 1,000%, would be roughly $180,000.” Siegel argued last month that whoever wins would be bullish for Bitcoin. VanEck executives said the leading candidates, Vice President Kamala Harris and former President Donald Trump,…

8:05 ▪ 3 Minimum read time up to ▪ Fenelon L. Asset management giant Fidelity leads rival BlackRock in the Ethereum ETF race, with inflows reaching $5 million. This remarkable performance comes after two days of no notable activity and signals a significant resurgence in institutional investor interest in the second-largest cryptocurrency. Close battle between traditional financial giants Fidelity made decisive progress with its Ethereum ETF (FETH) on October 28, outperforming BlackRock in daily inflows by $2.7 million, according to the latest data from Farside Investors. This performance came after a two-day pause in capital inflows, demonstrating the resilience of…