Author: admin
Business activity in the euro zone expanded last month at the fastest pace in almost a year, a survey showed on Monday, as a revival in the euro zone's key services industry more than offset a deep downturn in manufacturing. Ta.The Currency Union Purchasing Managers' Index (PMI) of Hamburg Commercial Bank (HCOB), compiled by S&P Global and considered to be an appropriate indicator of the overall economic health, was 51.7 in April and 50.3 in March. It rose from 2017 and exceeded the preliminary figure of 51.4.This is the second month that the index has exceeded 50, which is the…
Written by Hannah Lang(Reuters) – Outside political groups connected to the cryptocurrency industry have set aside $100 million in funds to spend in the upcoming U.S. Congressional elections to field digital asset-friendly candidates, according to a report by Public Citizen. It is said that more than $2 million was raised.Why is it important?According to Public Citizen, only two other political groups, or super PACs, have raised more money than the crypto sector this election cycle.As the crypto industry faces increased scrutiny from regulators like the Securities and Exchange Commission and lawmakers, crypto companies are showing how much they want to…
Ethereum broke a monthly stablecoin trading volume record in April following the emergence of one notable contributor. In fact, last month's network volume increased significantly more than any previous blockchain month. In April, Ethereum's monthly stablecoin trading volume reached an astonishing $1.12 trillion. Furthermore, a large portion of that breakthrough number was due to DAI, and DAI’s participation in MEV transactions accounted for a large portion of the surge in trading volumes that Ethereum enjoyed. Also read: Ethereum (ETH) wallet wakes up after 8 years and holds $5.9 million Ethereum’s $1.2 billion stablecoin issuance in April is a new record…
The world of cryptocurrencies is synonymous with “unpredictability.” Now, a long-dormant player has made a dramatic comeback and is attracting the attention of Bitcoin enthusiasts around the world. After more than a decade of silence, a wallet believed to be associated with Bitcoin's mysterious founder Satoshi Nakamoto has been revived, sparking a flurry of curiosity and speculation. wake up Whale Alert, a platform that monitors blockchain activity, sounded the alarm. The dormant Bitcoin giant recently made a big move, transferring a whopping 687.33 BTC to two private wallets. What is the total value of these transactions? A whopping $43.89 million.…
Yuri Molchan Anthony Pompliano reveals the key catalyst behind Bitcoin’s 10.35% recovery Read U.TODAY google news During a recent appearance on CNBC's Squawk Box show, venture investor and entrepreneur Anthony Pompliano (commonly known as Pump within the crypto community) discussed the factors that have been pushing Bitcoin up since Friday. Shared with casters.Pump said that Bitcoin has continued to grow since the beginning of the year, despite daily fluctuations.Factors driving Bitcoin price recovery: 200-day moving average ATHPompliano acknowledged that recent price movements surrounding the halving have been as expected. Historically, the month before a halving occurs, the price increases by…
Indicators suggested that Ethereum is undervalued. Market indicators showed mixed signals regarding the upcoming bull market rally. Ethereum [ETH] On May 6th, the price was back on track, once again exceeding $3.1 million. The token broke above psychological resistance but also consolidated within a bullish pattern. If this pattern breaks out, ETH could reach new highs in the coming weeks. Ethereum price prediction Last week was not in the best interest of investors, as the price of the king of altcoins plummeted to $2.8 million. However, the token gained bullish momentum on May 1st as the price rose steadily. according…
Robinhood Markets, Inc. has received a notice from the Securities and Exchange Commission regarding possible securities violations in its cryptocurrency sector.The company said in a regulatory filing that it had received an investigative subpoena from the SEC regarding issues including virtual currency listing, virtual currency custody, and platform operations.Robinhood Crypto cooperated with the investigation, the company said.Last week, the Cryptocurrency Division received a Wells Notice from SEC staff informing the division that a preliminary decision had been made recommending that the SEC file an enforcement action against Robinhood Crypto, Inc. for alleged securities violations.The filing states that potential litigation could…
The euro started the new trading week quietly. EUR/USD rose 0.23% and was trading at 1.0787 as of North American time trading. Eurozone investor confidence shows slight improvement The Eurozone Centix Investor Confidence Index in May was -3.6, slightly up from -5.9 in April and better than expected. This is the seventh consecutive acceleration and the highest level since February 2022. The index, which has been in negative territory since February 2022, is inching closer to the zero level that separates optimism from pessimism. The services PMI for Germany and the euro area showed slight growth in April, also indicating…
The euro started the new trading week quietly. EUR/USD rose 0.23% and was trading at 1.0787 as of North American time trading. Eurozone investor confidence shows slight improvement The Eurozone Centix Investor Confidence Index in May was -3.6, slightly up from -5.9 in April and better than expected. This is the seventh consecutive acceleration and the highest level since February 2022. The index, which has been in negative territory since February 2022, is inching closer to the zero level that separates optimism from pessimism. The services PMI for Germany and the euro area showed slight growth in April, also indicating…
The euro started the new trading week quietly. EUR/USD rose 0.23% and was trading at 1.0787 as of North American time trading. Eurozone investor confidence shows slight improvement The Eurozone Centix Investor Confidence Index in May was -3.6, slightly up from -5.9 in April and better than expected. This is the seventh consecutive acceleration and the highest level since February 2022. The index, which has been in negative territory since February 2022, is inching closer to the zero level that separates optimism from pessimism. The services PMI for Germany and the euro area showed slight growth in April, also indicating…