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“Looking at the main components of inflation in the euro area, food, alcohol and tobacco are expected to have the highest annual rate in October (7.5% compared to 8.8% in September), followed by services (in September (4.6% compared to 4.7% in September), non-energy industrial products (3.5% compared to 4.1% in September), and energy (-11.1% compared to 4.6% in September). Eurostat said.The agency also said on Tuesday that preliminary figures showed the eurozone economy contracted by 0.1% in the third quarter, below consensus expectations for GDP to be unchanged from the previous quarter.The ECB expects the eurozone economy to grow by…
The new crypto bull market will bring opportunities far beyond mere finance. Thomas Truchel—Photothek via Getty Images It's been more than a week since Bitcoin rose to around $35,000, but so far the cryptocurrency has held on to its recent gains despite weakness in the broader tech sector. . The bullish tone is fueled by the impending launch of an ETF expected to inject billions of dollars of new money into the crypto market, and the destruction by Sam Bankman Freed (who will likely see this issue in court). This is driven by newfound optimism in the industry in the…
It's been more than a week since Bitcoin rose to around $35,000, but so far the cryptocurrency has held on to its recent gains despite weakness in the broader tech sector. . The bullish tone is fueled by the impending launch of an ETF expected to inject billions of dollars of new money into the crypto market, and the destruction by Sam Bankman Freed (who will likely see this issue in court). This is driven by newfound optimism in the industry in the wake of the pandemic, which is likely to come to an end. Week—go back in time. In…
work exclusive by Josh Cosman issued October 30, 2023, 6:22 PM ET Crypto mogul Brock Pierce is trying to take control of the company that publishes Sports Illustrated, but was thwarted by management when he tried to sell a huge stake earlier this year, according to a lawsuit. Its value has since plummeted. The Puerto Rico-based investor, who starred as Gordon Bombay in the Mighty Ducks series as a child and has since amassed a Bitcoin fortune of more than $1 billion, is a member of Arena Group. It claims to have purchased $17 million worth of convertible bonds. Additionally…
Several cryptocurrency exchanges have been the target of high-profile attacks by hackers, resulting in users losing large amounts of cryptocurrencies. Although exchanges do everything they can to keep their customers' private and public keys safe, they are easy targets for criminals. Moreover, as the FTX collapse made clear, exchanges themselves may not be the model of sound financial management they should be. If you do not want to store your keys in an exchange's integrated wallet, you can pay for a non-custodial wallet from a third-party provider or purchase a storage device, such as a flash drive, to store your…
All eyes are on Bitcoin (BTC), as the industry's largest cryptocurrency rose 12.6% on the day, trading above $34,000. The largest cryptocurrency by market capitalization soared above $35,000 late Monday, but fell back to $34,540 at the time of writing, according to data from CoinGecko. According to CoinGlass, this is Bitcoin's highest price since May of last year, and the move led to the liquidation of short positions totaling more than $310 million in the past 24 hours. Interestingly, the BTC Fear and Greed Index, a common indicator that measures overall sentiment towards Bitcoin, has spiked to 66, indicating that…
Since the introduction of Bitcoin in 2009, cryptocurrencies have permeated mainstream conversations and consumer decision-making. This medium of exchange is now actively traded 24/7 and is becoming more widely accepted as a form of payment. But are cryptocurrencies right for your small business? Before deciding to accept cryptocurrencies as a payment method from your customers, you need to take into account some serious technical and practical considerations. there is. We weigh all the cryptocurrency factors that small business owners should consider and explore how some blockchain startups are looking to advance this space.What is cryptocurrency?Cryptocurrency is a digital medium of…
Monero (XMR) is a unique coin in the cryptocurrency world, offering a private digital currency that is secure and untraceable. Monero is accessible to everyone and open source, allowing everyone to become their own bank. With Monero, each user is the only one who controls and is responsible for his or her own funds. Prying eyes cannot see your transactions or accounts. Monero is a secure, private, and untraceable cryptocurrency. It is open-source and accessible to all. With Monero, you are your own bank. Only you control and are responsible for your funds. Your accounts and transactions are kept private…
The weakness in the euro zone economy accelerated early in the fourth quarter, with private sector output falling at the sharpest pace in more than a decade, excluding pandemic-affected months, preliminary PMI survey data for October showed. . New orders are also decreasing at an accelerating pace, indicating a deterioration in the demand environment for both goods and services. As a result, companies cut jobs, the first since lockdowns in early 2021, and continued to focus on cost-cutting inventory management.Goods and services inflation slowed slightly in October, to the lowest level since February 2021, despite upward cost pressure from…
All eyes are on Bitcoin (BTC), the industry's largest cryptocurrency, as it surged 12.6% in a single day and is trading above $34,000.The largest cryptocurrency by market cap surged above $35,000 late Monday but has since fallen to $34,540 at the time of writing, according to data from CoinGecko.This is Bitcoin's highest price since May of last year, and according to CoinGlass, the move means that more than $310 million in short positions have been liquidated in the past 24 hours.Interestingly, the BTC Fear/Greed Index, a common indicator of overall sentiment towards Bitcoin, has spiked to 66, indicating that it…