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December marked the seventh month of contraction in services and manufacturing in the euro area, with the rate of decline accelerating since November. advertisementManufacturing and service industries in the euro area continue to contract due to falling demand and rising costs.Hamburg Commercial Bank (HCOB) and index provider S&P Global on Friday released a new set of data measuring the health of the eurozone economy.The four main PMI (Purchasing Managers Index) figures look at a variety of metrics across manufacturing and services sectors, including new orders, output, employment, supplier delivery times, and inventories.The composite PMI production index, which is a weighted…
Stay informed with free updatesJust sign up for euro area economy myFT Digest — delivered straight to your inbox.Business activity in the euro zone fell faster than expected this month, according to a closely watched survey, dealing a further blow to the region's struggling economy. The S&P Global Purchasing Managers Business Index (preliminary), an indicator of business activity in the region, fell from 47.6 in the previous month, marking the lowest level in two months, due to a decline in activity in the service and manufacturing sectors. It became 47. The result was even lower than the 50 mark that…
Wall Street giant JP Morgan (JPM) is cautious about the crypto market through 2024, but upgrades to increase the scalability of the Ethereum blockchain will allow Ether (ETH) to become more competitive with Bitcoin (BTC) and other cryptocurrencies. He said he expects the company to outperform.The U.S. Securities and Exchange Commission's (SEC) decision on whether to approve a spot Bitcoin exchange-traded fund (ETF) is unlikely to spur a big rally, the commission said in a report on Wednesday.“If the SEC approves a spot Bitcoin ETF early next year, we will likely see a rumor-buying/fact-selling effect,” said analysts led by Nikolaos…
After Monday's sudden drop, Bitcoin quickly rebounded and climbed above the $43,000 level by Wednesday. Recent strong signals from the US Federal Reserve hinting at lower interest rates going forward have contributed significantly to the rally in cryptocurrencies and digital asset stocks. The Fed's role in Bitcoin's rise? At a pivotal meeting in December, the Federal Open Market Committee (FOMC) chose to keep the U.S. Fed's benchmark interest rate between 5.25% and 5.5%. However, there has been a notable shift in their future forecasts, suggesting a dovish outlook, with three 25 basis point rate cuts expected to take rates to…
If you want to accept cryptocurrency payments in your brick-and-mortar store, you’ll need crypto-compatible POS hardware. — Getty Images/kupicoo The popularity of cryptocurrencies in recent years has led big brands to consider accepting Bitcoin and other coins to pay for products and services. AT&T and Microsoft both offer ways for customers to pay with cryptocurrencies. NBA team Dallas Mavericks also allows customers to pay for game tickets with Bitcoin. For today's customers, digital payments are king. A 2023 survey found that 73% of respondents prefer to shop and pay digitally. Expanding your payment options to include cryptocurrencies can help meet…
(Bloomberg) — Nasdaq plans to reuse technology it developed to curb entry into cryptocurrencies.The stock exchange operator halted the launch of its digital asset custodian business in the U.S. in July, but is building technology services related to tokenized assets.”We're still going to launch, but we're going to launch as a technology service,” Nasdaq co-president Tal Cohen said in an interview on Bloomberg Television. “We have an institutional-grade, end-to-end technology platform that we look forward to powering not only digital assets but also markets like carbon.”Nasdaq and other mainstream financial companies have backed off their digital asset ambitions as regulators…
Nasdaq, the American stock market that simplifies electronic securities trading, appears to be setting its sights on leveraging the technology it previously curated. The technology was hand-picked for the U.S. stock market to enter the crypto market and was initially introduced as an effort to expand Nasdaq's reach into emerging markets. However, the technology's launch was halted earlier this year, and Nasdaq is now restarting it in hopes of capitalizing on the market. Additionally, Nasdaq co-president Tal Cohen touted the upcoming launch, highlighting how the technology is now encompassing not only digital assets but also markets such as carbon. Nasdaq…
world coin, Sam Altman's The cryptocurrency venture is currently integrating its verification services into popular apps such as Reddit, Discord, Shopify, Mercado Libre, Telegram, and Minecraft.The move is part of Altman's plan. World ID2.0describes itself as “the human passport for the Internet.”I gave Sam Altman a copy of my centerpiece | Futuretech“You can now verify existing accounts in your application and apply a verification status like a blue checkmark,” World Coin said in the article. blog post Wednesday. “Optionally, you can also enable World ID as a sign-in method for a more seamless experience.”If you haven't heard of Worldcoin, buckle…
Nasdaq is repurposing its cryptocurrency technology into carbon markets and other emerging assets, offering an institutional-grade platform instead of custodian services due to regulatory constraints. Despite ceasing to pursue digital asset licenses, Nasdaq continues to build crypto technology for its customers. US exchange operators benefit from UK startups listing in New York rather than LDN, and Nasdaq has made the region more attractive for listings as structural issues in Europe hinder listings. He is willing to work with legislators to make it a community. Nasdaq charts new direction with repurposed technology Major stock exchange operator Nasdaq plans to reuse technology…
Nasdaq Inc. applies previously developed cryptocurrency technology to provide an institutional-grade platform for a variety of asset markets, including digital assets and carbon trading. Nasdaq continues to develop technology for tokenized assets after halting the launch of its U.S. cryptocurrency custodian business in July. In an interview with Bloomberg Television, Nasdaq Co-President Tal Cohen revealed plans to roll out the technology as a comprehensive service. This pivot aims to provide an institutional-grade platform that supports markets such as digital assets and carbon trading. Nasdaq co-president Tal Cohen said in an interview with Bloomberg that crypto technology will be repurposed to…