According to the European Central Bank’s (ECB) latest Consumer Expectations Survey (CES), Europeans believe that inflation will be around 5% over the next 12 months. This marks a significant increase from the previous month’s median expectation of 4.6%. The poll, which surveyed 14,000 consumers aged 18 and over from six euro area countries, was conducted
Bitcoin
On May 11, 2023, a vintage wallet created on June 19, 2011, relocated 139.7 BTC, worth $3.7 million at the time of transfer. This activity was flagged by Btcparser.com and confirmed at block height 789,291 at 8:14 p.m. (UTC). The wallet that received the transfer still holds the funds as of May 12, 2023, at
The International Monetary Fund (IMF) has advised Zimbabwe to consider the potential risks to its economy before issuing a gold-backed digital currency. Zimbabwe’s central bank recently began circulating gold-backed digital coins in an effort to curb local demand for US dollars, which has caused the Zimbabwean currency to lose value. Liberalisation of foreign exchange market
In 2010, Gavin Andresen, a former Bitcoin developer, discussed the project with Satoshi Nakamoto, the inventor of Bitcoin. Among the topics covered were Andresen’s concerns about Bitcoin’s scripting language and the potential for network spam. Andresen’s Concerns During the conversation, Andresen expressed his apprehension about Bitcoin’s scripting language, stating that its complexity could be a
Donald Trump, the former President and potential 2024 Republican presidential candidate, has advised Republican lawmakers to let the United States default on its debt obligations if Democrats do not agree to spending cuts. During a televised CNN Town Hall on Wednesday, Trump advised Republican congressmen and senators to demand massive spending cuts, saying that they
PEPE (PEPE) has been holding its position as the third-largest meme token in terms of market capitalization, but has been losing value since May 5. The digital currency hit $0.00000431 per unit on May 5, and since then, its value has plummeted by 60% in USD terms. Bitcoin.com News noted on May 8 that the
Late on Wednesday, Bitcoin (BTC) briefly dropped below $27,000, as markets reacted to the latest U.S. inflation report. After reaching an earlier high of $28,322.69, BTC/USD slipped to an intraday low of $26,883.67 towards the close of yesterday’s session. This move saw bitcoin drop to its weakest point since March 28, when the price was
Intelion Data Systems, a major Russian importer and distributor of mining hardware, has reported that the Russian Federation has the potential to increase its leadership in the field of crypto mining. As countries such as the United States, Canada, and China begin to toughen policies towards the industry, there may be a major migration of
Bolivia has passed a law that allows the government to sell up to 50% of its gold reserves in dollars, as a measure to ease the internal scarcity of dollars. The law gives the government the authority to negotiate the sale of 22 tons of gold out of the almost 44 available in the local
Bitcoin (BTC) experienced a drop in value at the start of the week due to the latest nonfarm payrolls report. The report showed an increase in jobs added to the U.S. economy, which many believed justified the Federal Reserve’s decision to hike interest rates by 0.25%. As a result, BTC/USD fell to an intraday low