Author: admin
Stay informed with free updatesJust sign up for euro area economy myFT Digest — delivered straight to your inbox.The euro zone economy is expected to weaken again in the fourth quarter, but the recent rebound in inflation is expected to continue in the coming months, the European Central Bank's deputy president has warned.Governor Luis Deguindos said in a speech in Madrid on Wednesday that the rapid pace of disinflation seen last year was expected to “slow in 2024, with a It is likely that there will be a temporary halt in 2020.” beginning of the year.” Consumer price inflation in…
There is a resurgence of interest in the cryptocurrency market, with particular focus on expectations surrounding Bitcoin exchange-traded funds (ETFs). Bitcoin ETFs are like this great new thing in finance. These are essentially combinations of assets tied to the price of Bitcoin, allowing investors to participate in crypto trading through regular exchanges rather than crypto exchanges. This is like a more traditional way to dive into the world of Bitcoin without trading directly with a cryptocurrency exchange. While Bitcoin ETFs dominate the headlines, top crypto coins Like Monero, Borrow Finance ($ROE), has witnessed significant gains. As the prices of these…
Ark Invest CEO Cathie Wood responded to a hacker who posted an endorsement of a spot Bitcoin ETF on “The Claman Countdown.” After years of stalling, the U.S. Securities and Exchange Commission (SEC) has finally approved a bitcoin exchange-traded fund (ETF), making the cryptocurrency more accessible to retail investors, Chairman Gary Gensler announced in a statement on Wednesday. “Today, the Commission approved the listing and trading of several physical shares of Bitcoin exchange-traded funds (ETPs),” he wrote, also detailing investor protection measures. “These products will be listed and traded on registered domestic stock exchanges. These regulated exchanges are required to…
Blockchain analytics platform Santiment has listed the major stories likely to prevail in the crypto industry this year. Starting with non-fungible tokens (NFTs) and meme coins, Santiment said two crypto subsectors are “always poised for sudden spikes in interest.” As an example, Santiment said the surge in interest in the BONK meme coin preceded a significant price increase in Ethereum (ETH) rival Solana (SOL). BONK is a relatively new memetic cipher built on top of Solana. Source: Santiment Santiment went on to say that increased interest in meme coins tends to indicate that the existing rally in the crypto market…
Crypto 24h trading volume declined as 2023 progressed, with figures being one-third lower than in 2022. The decline follows after Binance and Coins – two of the biggest crypto exchanges in the world – received lawsuits in the United States. Observations are also that the crypto market was quiet after April, citing a lack of a “strong overarching narrative”. This is in contrast to 2021 and 2022 when cryptocurrency dominated the news and many people sought fortune in the digital currency. Bitcoin developmentsBitcoin’s trade volume slowed in the second quarter of 2023, after hitting a noticeable growth at the beginning…
According to data from Kaiko, privacy tokens face challenges in meeting listing standards on crypto exchanges amid regulatory pressures and liquidity is at an all-time low. In a recent research report, analysts at Kaiko say market flux for privacy tokens including Monero (XMR), Zcash (ZEC), and DASH is increasing as cryptocurrency exchanges continue to delist these assets. It has become clear that sex has reached an all-time low. According to data, the privacy-focused token had just $5 million in liquidity last week after several trading pairs containing these assets were removed from OKX. “Trade volumes have gradually increased since October,…
Blockchain analytics platform Santiment has listed the major stories likely to prevail in the crypto industry this year. Starting with non-fungible tokens (NFTs) and meme coins, Santiment says these two crypto subsectors are “always poised for sudden spikes in interest.” As an example, Santiment said the surge in interest in the BONK meme coin preceded a significant price increase in Ethereum (ETH) rival Solana (SOL). BONK is a relatively new memetic cipher built on top of Solana. Source: Santiment Santiment went on to say that increased interest in meme coins tends to indicate that the existing rally in the crypto…
Republican Congressman French Hill of Arkansas analyzes the security threats TikTok poses to Americans, Colorado's decision to remove President Trump from the ballot, and the Digital Assets Bill. With a new sheriff in the lawless world of crypto trading, blockchain lawyers and participants in the $1.7 trillion digital asset market are hopeful that increased consumer protections will lead to greater adoption of the nascent industry. FOX Business reported that Chicago-based blockchain company Jurat will unveil technology on Tuesday that would allow law enforcement actions to be filed directly on the blockchain, an immutable distributed ledger that records data such as…
SINGAPORE – Most major markets in the global digital asset sector, including Singapore, are moving to tighten regulations, with around half of them focused on consumer protection, a report has found. Blockchain analysis firm TRM Labs said in a report released on January 8 that it examined the development of crypto policies in 2023 across 21 jurisdictions that account for approximately 70% of global crypto exposure. In 2023, 80 percent of 21 jurisdictions moved to tighten cryptocurrency regulations, and almost half of them strengthened consumer protection measures. Singapore is one of eight jurisdictions with a licensing regime for crypto businesses.…
Digital asset management firm CoinShares says Bitcoin (BTC) and other cryptocurrency markets are off to a strong start to the new year amid growing institutional interest. Institutional investors are pouring funds into cryptocurrencies ahead of the U.S. Securities and Exchange Commission's (SEC) much-anticipated approval of a spot BTC exchange-traded fund (ETF), CoinShares revealed in its latest Digital Asset Fund Flows report. “Inflows into digital asset investment products totaled US$151 million in the first week of 2024, bringing total inflows since the Grayscale v. SEC lawsuit to US$2.3 billion, accounting for 4.4% of total assets under management (AuM).” Despite the fact…