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The 20-nation euro zone narrowly avoided recession after the region's economy leveled off at the end of 2023, official figures show.The single currency area's growth rate was zero in the final quarter of last year, followed by a 0.1% economic contraction in the third quarter. This means that a recession, defined as two consecutive quarters of economic contraction, has just been avoided. Economists polled by Reuters had expected the eurozone economy to contract by 0.1% in the fourth quarter.According to the EU's statistics agency Eurostat, the eurozone's two biggest economies will both see weak performance in the second half of…
Stay informed with free updatesJust sign up for euro area economy myFT Digest — delivered straight to your inbox.The euro zone economy stagnated in the final three months of last year, held back by output cuts in Germany and stalled growth in France, offset by stronger-than-expected recoveries in Spain and Italy.Economic trends in the 20 countries that share the euro were flat, beating the 0.1% contraction expected by economists polled by Reuters. The EU statistics office said on Tuesday that this means the eurozone grew by 0.5% last year, following a 0.1% decline in the previous quarter.This puts the region…
Finnish cybercrime experts claim to have achieved a forensic breakthrough that heuristically concludes the probabilistic outcome of Monero transactions. This was revealed by Marko Leposen of the Finnish National Investigation Agency (KRP). If true, this news would devastate a community that has believed for a decade in Monero's absolute on-chain privacy. As reported by MTV News, a division of Finland's Telia Inc. (no relation to the Los Angeles-based entertainment brand), investigators believe someone may have illegally transferred XMR to Binance in a series of criminal transactions. It was calculated that the gender is “very high.” Unfortunately for the public, they…
Last update: January 28, 2024 04:53 EST | 2 minute read Source: Adobe/Shutter2U Finland's National Bureau of Investigation has reportedly made significant progress in tracing Monero (XMR) The transaction is part of an ongoing investigation into the criminal trial of Julius Alexanteli Kivimäki.Kivimaki is accused of hacking into the database of a private mental health company and demanding a ransom payment in virtual currency.according to Local media coverageprosecutors released new evidence on January 22, revealing a cryptographic trail leading to Kivimaki's bank accounts.The hacker allegedly demanded 40 Bitcoins, worth around 450,000 euros at the time, from psychotherapy service provider Vastaamo…
Exchange-traded funds come in many shapes and sizes. There are also run-of-the-mill diversified index funds that can invest across the stock and bond markets, making them a good core asset for most people.There are also quirky, narrowly focused ETFs like the Inverse Cramer Tracker, which lets you bet on CNBC television host Jim Cramer's stocks. The fund is legal and approved by the Securities and Exchange Commission and has suffered losses since its inception last year. Betting on Jim Cramer is not a great investment strategy. There is no fear of missing out on opportunities. However, FOMO is the main…
The cryptocurrency market has been quite volatile this week, with total capitalization currently at approximately $1.68 trillion. It's down about $50 billion over the past seven particularly volatile days. Let's take a closer look. Bitcoin prices have soared this week. On January 19th, it soared above $415,000 on a violent green candlestick and remained solid at that level for several weeks, but it was on the 22nd that things started to take a turn for the worst. BTC has started bleeding. This modification brought the price down to $38,500. This price has not been seen for about 2 months. Contrary…
An article in a Finnish publication earlier this week MTV utility set Finland's National Investigation Agency (KRP) has claimed to have successfully traced transactions made using privacy-preserving cryptocurrencies. Monero. However, a former member of the MAGIC Monero Fund committee said it is unlikely that Monero itself was compromised. Decryption. Csilla Brimer said Monero itself was not compromised, but operational security flaws on the part of users likely allowed investigators to track some transactions. “If you don't pay attention to operational security and keep switching between Bitcoin and Monero, your information could be compromised,” she said. Decrypt. “Regulators may use this…
Recent claims by the Finnish National Investigation Agency (KRP) regarding the tracking of Monero transactions have caused an uproar in the crypto world. Insiders suggest that Monero's privacy features remain intact. Blockchain expert and former MAGIC Monero Fund board member Csilla Brimer told Decrypt that the traceability is likely due to user error in operational security, rather than a breach of Monero itself. .“Frequent exchanges between Bitcoin and Monero can lead to inadvertent information leakage,” Breimer explained. This blunder could give regulators a false sense of confidence in whether they can track Monero. Brymer emphasized that “Monero protects transactions well,…
We do the research so you can get the alpha!Get exclusive reports and access key insights on airdrops, NFTs, and more! Subscribe to Alpha Report now and get ahead of the game!Go to alpha reportAn article in a Finnish publication earlier this week MTV utility set Finland's National Investigation Agency (KRP) claims to have successfully traced transactions made using privacy-preserving cryptocurrencies Monero.However, a former member of the MAGIC Monero Fund committee said it is unlikely that Monero itself was compromised. Decryption. Csilla Brimer said it was likely that Monero itself was not compromised, but rather due to operational security issues…
Matt Cardy/Getty Images In this photo illustration, a novelty Bitcoin token is placed on a computer keyboard on March 13, 2022 in Bristol, United Kingdom. A version of this article first appeared in CNN Business' Before the Bell newsletter.Not a subscriber? You can sign up here it is. You can listen to the audio version of the newsletter by clicking on the same link. new york CNN — Major cryptocurrencies began to rise late last year after U.S. regulators approved a Bitcoin exchange-traded fund, leading to expectations that the number of potential investors would expand, and stock prices plummeted. Once…