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The final verdict in Sam Bankman Freed's criminal fraud case was handed down last week, with the disgraced crypto tycoon receiving 25 years in prison and $11 billion in forfeiture. This wasn't just the conclusion of one of the most high-profile corporate fraud trials of the past few years. It was also the final verdict against one of the most prominent campaign donors in the 2022 midterm elections. But if you think this signals the end of crypto’s influence on parliamentary elections, think again. The political influence machines that Bankman Freed usurped continue to operate with new industry players. The…

A still-strong U.S. job market and persistent inflation are raising concerns that the Federal Reserve won't be able to cut interest rates as much as expected this year (Mario Tama)Eurozone stocks rose on Wednesday as a sharper-than-expected slowdown in inflation fueled hopes of a European Central Bank interest rate cut, but London followed Asia and Wall Street with losses.Asian stocks mainly fell on skepticism that the US Federal Reserve would cut interest rates as expected this year, but the earthquake in Taiwan shook sentiment.Gold soared to an all-time high of $2,288.40 an ounce in Asian trading, extending a bellwether record…

Eurozone stocks rose on Wednesday as a sharper-than-expected slowdown in inflation fueled hopes of a European Central Bank interest rate cut, but London followed Asia and Wall Street with losses.Asian stocks mainly fell on skepticism that the US Federal Reserve would cut interest rates as expected this year, but the earthquake in Taiwan shook sentiment.Gold soared to an all-time high of $2,288.40 an ounce in Asian trading, extending a bellwether record for the precious metal on haven demand and expectations of a rate cut.Oil prices hit a five-month high due to unrest in the oil-rich Middle East region and OPEC's…

Crude oil prices hit a five-month high on Wednesday due to turmoil in the oil-rich Middle East region and calls for OPEC+ members to maintain production cut strategies.Euro zone stocks rose as falling inflation fueled expectations for interest rate cuts from the European Central Bank, but Wall Street stocks ended little changed after mixed U.S. data.The earthquake in Taiwan shook the market, and Asian stocks mostly fell. Gold soared to an all-time high of $2,230.15 per ounce, but pulled back slightly. The yellow metal rallied on haven demand on the back of geopolitical tensions and prospects for interest rate cuts.Oil…

The euro showed little movement on Wednesday. In European trading, it was trading 0.05% higher at 1.0777.Eurozone inflation rate gradually declinesInflation rates in the euro area continue to decline. CPI in March fell to 2.4% year-on-year, down from 2.6% in February and below market expectations of 2.6%. This matched November's 28-month low and was driven by continued slowdown in food inflation. Monthly CPI rose to 0.8%, up from 0.6% but below expectations of 0.9%. Core CPI also declined, at 2.9% year over year. This was lower than February's 3.1% rise and also below market expectations of 3.0%. The core CPI,…

The number of global cryptocurrency users exceeded the 500 million mark by the end of 2023. Bitcoin maximalist Lauro Pal believes the number of users could reach 1 billion by 2025. After an astounding 60% rise in Q1 2024; Bitcoin [BTC] There was a slight setback early in Q2. It fell more than 5%, falling from $71,000 to $64,500 before regaining $66,000. Amid the drawdown, Bitcoin maximalist Lauro Pal said: I remembered His followers on X (formerly Twitter) predict that cryptocurrency adoption could reach 1 billion users by 2025. “On a day like today, remember that cryptocurrencies are still being…

Preliminary data from eurostatThe report, published on Wednesday, said annual consumer price inflation in the euro zone in March 2024 fell to 2.4%, lower than the 2.6% expected and the lowest level in four months. This drop in inflation has raised expectations that the European Central Bank will ease monetary policy in the coming months. euro area #inflation It is expected to reach 2.4% in March 2024, down from 2.6% in February. Components: Services +4.0%, Food, Alcohol and Tobacco +2.7%, Other Goods +1.1%, Energy -1.8% – Preliminary https://t.co/XV5xxaizCB pic.twitter.com/97f83o23S2 — EU_Eurostat (@EU_Eurostat) April 3, 2024 According to the data, the…

FRANKFURT, Germany (AP) – Inflation weighing on European shoppers eased in March as price hikes in grocery aisles eased and overall price increases fell in two years and March. fell more than expected to 2.4%. Germany, the largest economic power And France. The annual figure for the 20 countries using the euro currency was lower than the 2.5% expected by financial markets. European Central Bank moves closer to inflation target 2%. However, the analyst 2.6% in Februaryis welcome, but likely not enough to bring forward the ECB's first rate cut.The bank's rate-setting council will meet next week, but the first…

ARKB, the Ark Invest 21Shares Spot Bitcoin ETF, overtook Grayscale’s GBTC for the first time on April 2 with daily net outflows of $87.5 million. According to estimated data from Farside Investments, GBTC net outflows during the same period totaled $81.9 million. Cumulative net inflows into Bitcoin ETFs for the day totaled $40.3 million, reversing the previous day's negative flows. ARKB's net outflows continued the negative trend seen on April 1, the first day of outflows in history. Since the U.S. Securities and Exchange Commission (SEC) approved multiple spot Bitcoin ETFs in January of this year, Grayscale has consistently seen…

Cryptocurrency markets took a dive yesterday, with Bitcoin plummeting more than 5% to settle at around $66,000. This sudden economic downturn coincided with an important event. A wallet linked to the U.S. government was reportedly seized from the Silk Road dark web market, moving a hefty 30,175 bitcoins. It is the timing of this transfer and its impact on Bitcoin price that is causing debate and speculation. Big changes in Bitcoin The cryptocurrency world is abuzz with intrigue after news spread of a large-scale Bitcoin transfer organized by wallets affiliated with the U.S. government. This huge move, worth a staggering…