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Alex Krueger, an experienced market commentator and partner at Asgard Markets, argued that altcoins like Ethereum and Solana are the trades to take if Donald Trump wins. busy In the podcast “Bits and Bips”, the popular economist pointed out that “Trump Trading” is not Bitcoin, but altcoins. He believes Solana and Ethereum will outperform the first child of cryptocurrencies, Bitcoin, if the Republican candidate wins the November election. Solana, Ethereum to grow under Trump administration The general consensus in the market is that cryptocurrencies will fare better under Trump than under Democratic candidate Kamala Harris. Securities company Bernstein predicted If…
Eurozone business activity picked up slightly but remained in contraction territory in October as domestic and international demand fell even as companies barely raised prices, a top industry survey said on Thursday. It became clear. The preliminary Eurozone Purchasing Managers' Index (PMI) compiled by S&P Global was 49.7 in October, slightly up from 49.6 in September, but still at 50, which is the difference between growth and contraction. It has been below for two consecutive months. A Reuters poll predicts a significant rise to 49.8. ING's Bart Collin said: “This survey is consistent with a weak economic environment with slower…
Stay informed with free updatesJust sign up for euro area economy myFT Digest — delivered straight to your inbox.Economic activity in the euro zone continued to contract in October, a survey of purchasing managers showed, underscoring the possibility of further interest rate cuts by the European Central Bank before the end of the year.The preliminary reading of the Composite Purchasing Managers' Index for October was 49.7 points, up slightly from 49.6 points the previous month, but still below the critical 50 point mark that separates growth from contraction. The index's estimates for October, released Thursday, are in line with economists'…
Private sector activity in the euro area contracted slightly in October, marking the second consecutive month of decline. advertisementThe euro area private sector contracted for the second consecutive month in October, with the PMI slightly rising to 49.7. The service industry slowed more than expected, and the manufacturing industry continued to contract. Germany showed improvement, while France significantly worsened.According to the preliminary Eurozone Purchasing Managers' Index (PMI), business production rose slightly from 49.6 in September to 49.7 in October, but fell short of the expected 49.8. A reading below 50 indicates a reduction in production. Services expansion slows more than…
Cryptocurrency tax rules are facing major changes in Denmark. The Tax Law Council has proposed imposing a 42% tax on unrealized gains on virtual currencies. The Cryptocurrency Bill of 2026 marks a transition to an inventory tax on all digital assets held since 2009. This change targets 300,000 cryptocurrency holders in Denmark.Also read: Visa and PayPal accelerate stablecoin adoption as Chainlink, quickly achieving milestonesConsidering Denmark's 2026 Cryptocurrency Bill on Taxation of Unrealized ProfitsSource: Sukatte MinistryUnderstanding inventory taxationThe Tax Law Council explains as follows:“The so-called inventory tax occurs as capital income and in return means that the tax will continue to…
Blockchain forensics firm PecShield has discovered a wallet where Radiant Capital exploiters transferred $52 million in funds to the Ethereum network. In an Oct. 24 X post, PeckShield said that addresses linked to the Radiant Capital hackers moved “nearly all stolen funds” from Layer 2 networks Arbitrum and Binance BNB Chain to the Ethereum (ETH) network. reported. According to PeckShield data, the hackers made a total profit of 20,500 ether, or the equivalent of about $52 million. On October 16, DeFi financier Radiant Capital suffered losses of up to more than $50 million due to a malware attack that allowed…
Eurozone private sector activity contracted modestly in October following a continued contraction in manufacturing, S&P Global's preliminary research data showed on Thursday. The HCOB flash composite production index in October was 49.7, slightly up from 49.6 in the previous month. The measured value was 49.8. Corporate activity in the currency area decreased slightly for the second consecutive month. overall marginal reduction work This activity concealed the continuing disconnect between the manufacturing and service sectors. The Flash Services Purchasing Managers Index unexpectedly fell to 51.2 from 51.4 the previous month. The score was seen as 51.5.The manufacturing PMI improved to 45.9,…
A widely followed crypto analyst has warned that Bitcoin (BTC) could fall after breaking through the $69,000 level on Sunday. Pseudonymous crypto trader Credible Crypto told his 431,100 followers on social media platform X that he is turning bearish on Bitcoin in the short term. “I think our top is probably in BTC, which is what I think makes the most sense on the lower time frames. Ideally we would chop a little more before we are ready to continue down.” . Things are going well so far, and a pushback from this region would be ideal. Aim for the…
While ZachXBT has pursued a career as a cryptocurrency vigilante, he has also remained steadfast in his mask. Online, he appears only as an avatar, a cartoon-like figure of a platypus wearing a detective's trench coat and sometimes a hoodie. To avoid retaliation from his many enemies in the world of crypto criminals and scammers, he has never revealed his face publicly, nor revealed his real name or exact age, and I will not identify him. He said he would only speak to WIRED on the condition that he not try to dig up the person. detail.McGill said that on…
Business activity across the eurozone continued to be weak this month, and although the Purchasing Managers' Index (PMI) rose, it remains near a seven-month low.The preliminary HCOB/S&P Global October Composite PMI was 49.7, up slightly from September's 49.6 and in line with consensus expectations. It remained below the 50-point neutral level that separates growth from contraction for the second consecutive month. “The eurozone is stuck in a bit of a rut,” said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. Growth in the euro area's services sector unexpectedly slowed, with the PMI falling to 51.2 from 51.4, falling…