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LONDON: Bitcoin fell almost 6% on Wednesday, posting its worst monthly performance in April since late 2022 as investors pulled money out of the cryptocurrency ahead of the Federal Reserve's interest rate decision. . The value of the world's most traded cryptocurrency fell nearly 16% in April as investors booked profits on a ferocious rally that took its price to an all-time high of more than $70,000.Bitcoin fell as much as 5.6%, hitting its lowest price since late February. While the most recent drop was 4.8% to $57,001, Ether's losses were smaller, dropping 3.6% to $2,857, also its lowest since…
People passing by a store in Brussels, Belgium, January 5, 2024 (Xinhua/Zhao Dingzhe)According to IMF forecasts, the euro area economy is expected to grow by 0.8% in 2024 and 1.5% in 2025.BRUSSELS, May 1 (Xinhua) — Economic output in the euro area increased by 0.3 percent on a quarterly basis in the first quarter, the EU's statistical office said on Tuesday.The latest data released by the EU suggests a stronger-than-expected economic recovery and an end to the recession.As the European Central Bank's (ECB) restrictive monetary policy permeates throughout the system, inflation is gradually falling, paving the way for an economic…
The 0.5 percentage point increase from November's figure (2.4%) is likely driven by a subdued decline in energy prices advertisementFood, alcohol and tobacco were expected to continue to have the highest inflation rate in December (6.1%, compared to 6.9% in November), followed by services (4.0%, stable compared to November). However, the slowdown in energy inflation decreased from -11.5% in November to -6.7% in December.This news is likely to dampen expectations that the European Central Bank will cut interest rates early in 2024. The European Central Bank's interest rate has been unchanged at 4% since October last year, following a steady…
table of contents show more Display less Forbes Advisor provides this content for educational purposes only and is not intended to assist you in deciding whether to invest in cryptocurrencies. When investing in cryptocurrencies or other investments, you should always obtain appropriate financial advice and only invest an amount that you can afford to lose. There are thousands of different cryptocurrencies, from Bitcoin and Ethereum to Dogecoin and Tether, which can be overwhelming for anyone looking to enter the risky world of cryptocurrencies for the first time. These are a selection of some of the top cryptocurrencies based on market…
Roger Ver, known in the crypto community as “Bitcoin Jesus,” has been detained in Spain from the United States on suspicion of tax evasion amounting to at least $48 million. The US Department of Justice confirmed that Ver, 45, faces charges of mail fraud and tax evasion, and the indictment was made public following his arrest in Los Angeles federal court last weekend.Details emerged last year when the U.S. Supreme Court rejected an appeal from an unnamed law firm that had been held in contempt for failing to comply with a grand jury subpoena, which had sought records related to…
The eurozone has recovered from a minor technical recession after the “big four” economies performed better than expected in the first three months of 2024.The 20 countries that use the single currency posted growth of 0.3 percent in January-March after posting two consecutive quarters of contraction of 0.1 percent in the second half of 2023.Figures from Eurostat, the European Commission's statistics agency, showed the euro zone posted its strongest growth rate since the third quarter of 2022. Financial markets had expected growth of 0.2%.Lower energy prices, lower inflation, rising real wages and the prospect of lower interest rates have boosted…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. While the SEC rejects Ethereum ETFs, Borrow Finance is preparing to make a big impact on the market with its AI-driven approach. The SEC may have just put the brakes on Ethereum ETFs, but that shouldn't dampen the mood. While this news may seem like a big deal, there are signs of hope on the horizon. It's called Borrow Finance (ROE). This AI-powered altcoin not only benefits Render, but is also poised for a major rally. SEC ETF Rejection…
key insightsThe Monero community has decided to include “minimal subsidies” or “tail emissions.” Monero (XMR) introduces an upgrade called “Tail Emissions.”The Monero Tail emission will begin on June 9, 2022 at 00:35 UTC at block height 2641623.Monero (XMR) is a blockchain network with a primary focus on privacy protection, featuring a peer-to-peer (P2P) digital currency known as XMR, specifically designed to be completely untraceable and anonymous. It has been.This means that transactions on the Monero blockchain cannot be linked to specific users or real-world identities.Monero's Tail Emissions Plan: Everything You Need to KnowMonero has revealed plans for a significant tail…
Despite the recent launch of the Hong Kong ETF, top crypto prices took a hit today as Bitcoin (BTC) prices fell to the $60,000 level. Furthermore, Ethereum (ETH) price fell below $3,000 and lost its hold at an important level. Additionally, other top altcoins such as Solana (SOL), XRP, and Cardano (ADA) also fell noticeably, reflecting the downward trend.Today's major virtual currency prices1. Bitcoin priceBitcoin price crashes by 5.13% As of this writing on Wednesday, May 1st, it has reached $60,191.06. Meanwhile, trading volume surged 41.71% to $37.91 billion in the past 24 hours. Meanwhile, the market capitalization of virtual…
Uniswap is the most widely used Layer 2 decentralized exchange (DEX) built on Ethereum and currently accounts for approximately 37% of total L2 trading volume. This represents a notable increase compared to trading volumes two years ago. Uniswap L2 volume spikes over 650% Tom Wan, a researcher at 21.co, noted in a post on This increase has increased its trading volume from about $4 billion in 2022 to more than $30 billion this year. .@Uniswaptrading volume is increasing on L2 and now accounts for 37% of total trading volume. Since 2022, Uniswap's L2 trading volume has increased from $4 billion…