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sometime in between FTXwith the collapse of Sam Bankman FreedA year after his fraud conviction, a consensus has emerged that he was once a crypto whiz kid. Although his wild, curly hair and office naps on beanbag chairs were mostly for show, his company, FTX, was used by millions of people. Buying and selling digital currencies was real. Cryptocurrency enthusiasts see FTX as almost a success story — if only its owners weren't taking customers' money to cover sideline gambling.as an author michael lewis wear it 60 minutes“They actually had a great, genuine business.”That idea was further reinforced by the…

The focus of the cryptocurrency community is bitcoin whale People who have recently moved a large part of their home BTC holdings between different wallets. This action has sparked curiosity about the reasons for these transactions among people in the community. Bitcoin whale moves $6 billion in BTC Blockchain analysis platform Arkham Intelligence This incident first came to the community's attention when a post from X (formerly Twitter) mentioned that Bitcoin address (37XuVSE) had moved over $6 billion in BTC to three new addresses . As part of the transaction, one of these addresses (bc1q8yj) was sent BTC worth $5.03…

Created by Eduardo Gonsalves and Gerrit Kester[1]Published as part of the ECB Economic Bulletin, issue 7/2022.HICP inflation excluding energy and food (HICPX inflation) continues to rise and reached 4.8% in September 2022, according to a preliminary Eurostat release. Key HICP inflation, which also includes energy and food, rose to 10% in September. Energy and food account for about two-thirds of total inflation, and HICPX inflation accounts for about one-third. Both supply and demand factors played important roles in the rise in HICPX inflation. Persistent supply bottlenecks in industrial goods and input shortages, including labor shortages due to the impact of…

Ethereum showed a bullish market structure on the 1-day chart. But at the time this article was published, buyers had won the battle for control. Ethereum [ETH] After the recent retracement from $4.1,000, we witnessed Coinbase premium turn negative. The complexities surrounding Ethereum ETFs may explain why U.S. investors became less bullish on the asset in March. Another report from AMBCrypto highlighted that long-term holders of ETH are not selling their tokens. Technical analysis also shows a bullish outlook. Now that I think about it, the retest was perfect. Source: ETH/USDT on TradingView Ethereum’s daily chart formed a swing low…

Britain's financial watchdog has issued a warning to financial influencers who may share misleading advice online, including tips about popular cryptocurrency memes. UK Financial Conduct Authority (FCA) Said On Tuesday, it said advice should be “fair, clear and not misleading”. Otherwise, so-called “finfluencers” could face up to two years in prison, an unlimited fine, or both. Lucy Castledine, director of consumer investments at the FCA, said in a statement: “Promotions are not just about goodwill, they are about the law.” “We will take action against those who illegally promote financial products.” As with any investment pitch, they are also required…

The head of blockchain analytics platform CryptoQuant says there is one important reason why the current market cycle for Bitcoin (BTC) is unprecedented. Ki Young Joo To tell According to 340,700 followers on social media platform CryptoQuant data shows an explosive increase in Bitcoin's realization ceiling for short-term whales, the value of BTC at its last traded price on-chain divided by the number of Bitcoins in the cohort. This suggests the new existence of large-scale institutional investor money. “This cycle is different. $86 billion of institutional investors have entered the Bitcoin market in the past six months.” Source: Ki Young…

Investors maintained confidence in German stocks for a seventh day in a row as sentiment towards the eurozone economy further improved. At Wednesday's close, the blue-chip DAX index was up 0.50%. European Commission data showed the eurozone's business confidence index rose to 96.3 in March from 95.5 the previous month. This indicator remains below its long-term average of 100 points. “Overall, the euro area economy appears to be showing signs of an impending upturn in growth. Nothing spectacular, but the end of stagnation is nevertheless near. Inflation expectations for services are becoming more moderate. “The ECB appears able to contribute…

A federal judge in Manhattan said Wednesday that the U.S. securities regulator's case against Coinbase could move forward, but dismissed one of the claims the agency had brought against the largest U.S. cryptocurrency exchange. . U.S. District Judge Katherine Polk Feira partially granted Coinbase's motion to dismiss a Securities and Exchange Commission lawsuit alleging that Coinbase ignores regulations. While the ruling was a partial victory for Coinbase in a potentially long and expensive legal battle, other judges largely celebrated the SEC's approach to cryptocurrencies and sided with the regulator. I also agreed with their opinion. A judge partially granted Coinbase's…

Since Dencun, Ethereum daily fees have fallen by a quarter. Lower fees have alleviated deflationary pressure on Ether. Recently enabled Dencun upgrade created Ethereum [ETH] Scaling solutions are much more affordable and can reduce transaction fees by as much as 90% in some cases. However, while much of the hype centered around cost benefits, commonly referred to as Layer 2 (L2), the base layer also appeared to benefit from significant technological changes. Ethereum’s daily fee income drops significantly According to X (former Twitter) user David Alexander II, mainnet gas prices have fallen sharply since Dencun's execution on March 14, and…

Photo provided by: ING Greece is on the rise as key players in europe Competitiveness in 2019 post-COVID-19 has improved compared to Nordic countries. Major changes in the euro areaaccording to data released by ING last week. What about Greece? Best performers after the pandemic From the perspective of improving competitiveness, real effective exchange ratecompared to the euro area average. According to the study, economies in southern Europe, including Greece, Italy and Spain, noticeable improvement In terms of competitiveness, compared to Nordic countries such as Germany, Austria, Belgium, and the Netherlands, Rising labor costs and decreased productivity. Source:ING In the…