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After a strong rally in recent weeks, the crypto market is red-hot today. But Bitcoin isn't the only one suffering. Currently, the biggest losers over the past 24 hours are meme coins and tokens that have seen big gains over the last week. According to CoinGecko, over the past day, Solana-based Bonk's value has fallen by more than 12% and its current price is $0.00002306. The token reached all-time highs again late last year and soared again in early March following widespread Solana hype. Despite today's correction, it's still up over 3,400% over the past year. Another meme coin in…
Despite the economic downturn caused by inflation in 2022, the investment market continues to rise. If you put in $1,000, S&P500 (^GSPC -0.98%) Four years ago, the index fund's current assets would be $2,167.halved Bitcoin (BTC -3.54%) The May 2020 reward sparked a new cycle of price increases and easing, punctuated by the approval of exchange-traded funds (ETFs) that mirrored Bitcoin's spot price three months earlier. Therefore, $1,000 in Bitcoin increased to $10,690 in the same four years. However, both Bitcoin and the stock market Ethereum (Ethereum -4.48%). He put $1,000 into a major smart contract currency in April 2020,…
Calvin Klein and Tommy Hilfiger owner PVH expects big share price drop due to euro zone concerns
Model wearing Calvin Klein underwearphotograph: Albert Erso (Getty Images)Calvin Klein owner PVH Record revenue on Monday night. The company beat expectations for both profits ($663 million a year) and sales ($9.2 billion a year), but investors didn't like what they saw. The stock fell nearly 25% in early trading Tuesday, all the progress it's making toward 2024.Is Bitcoin a good speculative investment?“We had a strong fourth quarter and fiscal year 2023, with growth in both Calvin Klein and Tommy Hilfiger and in all regions, resulting in high-single-digit direct-to-consumer growth,” said the CEO. Stefan Larsson says. said in a statement accompanied…
In a world increasingly dominated by digital payments, the sound of coins clinking and notes rustling is disappearing. Around the world, cash is steadily receding, being replaced by mobile wallets, a wave of instant money transfers, and the looming presence of central bank digital currencies (CBDCs). This digital transformation brings both opportunities and challenges, especially for countries located outside the European Monetary Union.Sweden, the eurozone's staunch holdout, is a microcosm of this trend. The once cash-dependent country now boasts one of the most digitalized payments ecosystems in the world. Their ubiquitous mobile payment app Swish has become a verb seamlessly…
The upcoming Bitcoin halving is the network's most anticipated halving to date. This halving is a programmed reduction in the block rewards miners receive for validating and adding transactions to the blockchain, and is set to have a major impact on the Bitcoin (BTC) mining industry.Meltem Erdem is a cybersecurity columnist at CoinDesk Turkey.The Bitcoin mining industry is highly competitive, and miners sometimes operate on razor-thin profit margins. This halving, scheduled for next month around April 15th, will see his current reward of 6.25 Bitcoin per block reduced to his 3.125 Bitcoin. What impact does this have on mining?Halvings, which…
Ethereum co-founder Vitalik Buterin recently outlined atThis initiative aims to streamline the Ethereum protocol by reducing the need to store historical data. Doing so significantly reduces the storage demands on the node operator's hard drives and reduces the technical debt associated with the protocol.Essentially, “The Purge” is an effort to slim down Ethereum and tackle its accumulated technical problems head-on. Buterin’s announcement also suggested that additional Ethereum Improvement Proposals (EIPs) are in the pipeline, also aimed at simplicity.The technical strategy behind Ethereum’s new developmentsIn a recent update, Ethereum co-founder Vitalik Buterin highlighted the implementation of Ethereum Improvement Protocol (EIP)-6780 during…
In the midst of a booming bull market, investors are eagerly looking for the next big opportunity to capitalize on the rapid growth of cryptocurrencies. Among the many options, three outstanding cryptocurrencies have emerged as top contenders: Cardano, Monero, and the innovative newcomer. Scorpion Casino. Let's take a closer look at their strengths and how they position their company to succeed in a bull market, with a special spotlight on Scorpion Casino's unique approach to crypto pre-sales. Scorpion Casino: Rising Star Amidst the excitement around Cardano and Monero, Scorpion Casino offers a unique blend of meme appeal and innovative features,…
PMI shows slow growth in France and Germany, holding back industrial production in the euro area
According to S&P Global Market Intelligence PMI, Europe's industrial sector continues to struggle to pull itself out of trouble. The Eurozone PMI index in March was slightly lower than in February. In the last month of the first quarter, it was 46.1 points, down 0.4 points from February. This decline was mainly driven by the two least important sub-indices. First, the waiting time for delivery has decreased significantly (which is a negative, as it indicates weak demand) and purchase levels have decreased. One bright spot is the fact that production and new order levels have fallen at their slowest pace…
PMI shows slow growth in France and Germany, holding back industrial production in the euro area
According to S&P Global Market Intelligence PMI, Europe's industrial sector continues to struggle to pull itself out of trouble. The Eurozone PMI index in March was slightly lower than in February. In the last month of the first quarter, it was 46.1 points, down 0.4 points from February. This decline was mainly driven by the two least important sub-indices. First, the waiting time for delivery has decreased significantly (which is a negative, as it indicates weak demand) and purchase levels have decreased. One bright spot is the fact that production and new order levels have fallen at their slowest pace…
In the midst of a booming bull market, investors are eagerly looking for the next big opportunity to capitalize on the rapid growth of cryptocurrencies. Among the many options, three outstanding cryptocurrencies have emerged as top contenders: Cardano, Monero, and the innovative newcomer. Scorpion Casino.Let's take a closer look at their strengths and how they position their company to succeed in a bull market, with a special spotlight on Scorpion Casino's unique approach to crypto pre-sales.News BTC Scorpion Casino: Rising Star Amidst the excitement around Cardano and Monero, Scorpion Casino offers a unique blend of meme appeal and innovative features,…