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Their structural problems differ, but both result in the same outcome: subpar productivity, declining competitiveness and sluggish growth. French President Emmanuel Macron (left) and German Chancellor Olaf Scholz had a lot to chew on during their two-day retreat in Hamburg in the fall of 2023. High on the agenda was the economy: sluggish economies in Germany and in France could tip the eurozone into a full-blown crisis. © Getty Images ×In a nutshell The eurozone’s two main economic engines are sputtering Tightened monetary policy and the war in Ukraine are partially to blame Longer term, structural economic problems pose the…

Published on February 26, 2024 Former hedge fund star and unabashed digital asset evangelist, Mike Novogratz, believes traditional finance will drive bitcoin’s next evolution. He also rails against outdated regulations, Baby Boomers and America’s obesity problem. Galaxy Digital CEO Michael Novogratz Jutharat Pinyodoonyachet/Bloomberg Well before cryptocurrencies were back in vogue, Galaxy Digital founder and chief executive officer Mike Novogratz was already an established Wall Street force. After starting his investment career at Goldman Sachs in 1989, where he spent a decade and became a partner while the firm was still privately held, Novogratz went on to lead a macro-focused hedge…

Digital asset management firm CoinShares announced that institutional investors poured $598 million into crypto investment products last week, marking the fourth consecutive week of inflows. In its latest Digital Asset Fund Flows report, CoinShares said that inflows into crypto investment products are approaching $6 billion since the start of the year. “Weekly inflows into digital asset investment products totaled US$598 million, the fourth consecutive week of inflows. Year-to-date inflows have exceeded US$5.7 billion, accounting for 55% of inflows recorded in 2021.” Source: CoinShares According to CoinShares, the United States had the largest inflows at $610 million, even as Grayscale suffered…

Cryptocurrency markets have been volatile lately, with confusing signals surrounding the Fed's rate cut trajectory. The recent surge in the U.S. stock market suggests that purchasing power may remain strong among investors, further fueling similar concerns. Amid the uncertainty, the belief that interest rates will remain stable for the long term is reinforced.US stocks soar. Nvidia's earnings show strength in the marketAccording to a report from Reuters, the S&P 500 index rose to a record high this year, thanks in part to strong corporate performance. The rise has diverted attention from the Fed's difficult efforts to lower interest rates. Some…

Finance Minister Asen Vasilev said after an informal meeting of economy and finance ministers in Ghent last week that Bulgaria has a real chance of joining the eurozone in 2025 as it can meet all the conditions for membership. Stated. “We are following the euro plan,” Vassilev said Friday after a meeting with European Central Bank President Christine Lagarde, Eurogroup President Pascal Donoghue, Economy Commissioner Paolo Gentiloni and Trade Commissioner Valdis Dombrovskis. Stated. “All forecasts of both the European Commission and the ECB indicate that the last criterion we have not met, the inflation criterion, will be met in 2024,…

Unlock Editor's Digest for freeFT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter.Inflation in the euro zone is expected to ease further on Friday, with data showing the underlying rate of rise in consumer prices, which excludes more volatile energy and food prices, will fall below 3% for the first time in two years. It is expected.This will be a key milestone for European Central Bank policymakers ahead of their next meeting on March 7 to discuss when to start cutting interest rates. The euro area's headline inflation rate has been steadily declining since its record…

Litecoin (LTC) is a peer-to-peer cryptocurrency developed by Charlie Lee. He created Litecoin (LTC), a lightweight version of Bitcoin (BTC). Litecoin (LTC) is based on the Bitcoin (BTC) protocol, but differs in several ways, such as block transfer time, hashing, etc. Monero (XMR) is passionate about privacy and security. Monero (XMR) wants to create more private transactions. There is a misconception that transactions on blockchain are inherently private, but this is not true. Blockchains are transparent, and so are the transactions that take place on them. However, using Monero (XMR) guarantees your privacy. While Litecoin (LTC) and Monero (XMR) holders…

The crypto industry has soared since February due to renewed interest among retail investors in their favorite cryptocurrencies such as Bitcoin and Ether. JPMorgan Chase strategists reveal that after subtracting flows into new spot Bitcoin exchange-traded funds (ETFs), on-chain Bitcoin flows from small wallets exceed flows from institutional investors. did. Bloomberg reported recent findings from a JPMorgan analysis. Strategists led by Nikolaos Panigirtzoglou wrote that February's resurgence in retail impulses could be explained by three key expected factors: the Bitcoin halving event, the Ethereum network The next major upgrade is the potential approval of Spot Ethereum by the U.S. Securities…

NEW YORK – Popular cryptocurrencies such as Bitcoin and Ether are rising to multi-year highs as retail investors take advantage of the market after a pause in January, according to strategists at JPMorgan Chase & Co. It seems that it is coming back. On-chain Bitcoin flows from small wallets used as proxies for retail traders have moderated inflows into a new spot Bitcoin exchange-traded fund (ETF), according to a team led by Nikolaos Panigirtzoglou. After that, the flow far exceeds that of institutional investors. With the largest digital asset trending upward for six months, investors are likely looking ahead to…

Cryptocurrency markets are bracing for more volatility in the financial sector as the possibility that the US Federal Reserve will cut interest rates soon begins to fade. Minutes of the meeting released Wednesday showed the Fed remains cautious about its approach to cutting interest rates. The minutes of the meeting also confirmed the fact that interest rates will be maintained for a long time, as the country's economic indicators indicated.Fed remains wary of rate cut trajectoryMinutes from the Fed's most recent meeting showed officials saying they were cautiously optimistic about inflation and were in no hurry to cut interest rates.…