Frances private sector contracted for the fourth straight month in December as both manufacturers and services providers registered declines in output, flash survey results from S&P Global showed on Monday. The HCOB composite output index posted 46.7 in December, up from 45.9 in November. A reading below 50 indicates contraction. The index signaled an extension...
Indian shares ended modestly lower on Monday, mirroring muted cues from overseas markets as investors eagerly looked forward to Wednesdays FOMC meeting. A 25-bps rate cut is already priced in by markets, but traders will pay close attention to the updated policy statement and Fed Chair Jerome Powells press conference for clues on future interest...
Germanys private sector continued to shrink in December albeit the pace of contraction softened on a slight rebound in services activity, flash data from S&P Global showed Monday. The HCOB composite output index registered 47.8 in December, up from Novembers nine-month low of 47.2. However, the reading is still below the 50.0 threshold that separates...
Shiba Inu’s millionaire addresses increased by 358 over the past year, indicating strong accumulation.Despite recent declines, SHIB’s price action suggests a potential breakout if key resistance levels are cleared. Shiba Inu (SHIB) has seen a notable shift in ownership trends despite its price fluctuations. Data shows that the number of SHIB addresses holding at least...
Introduction to Pepe (PEPE) Tokens Pepe (PEPE) is a community-driven, decentralized meme token on the Ethereum blockchain. As an ERC-20 token, it allows users to participate in DeFi, trade on exchanges, and engage with NFT marketplaces and other blockchain applications.Managing PEPE efficiently necessitates a compatible wallet, be it hardware, mobile, desktop, or web-based. This guide...
Pi Network’s five-second block time makes it 120 times faster than Bitcoin, fueling excitement ahead of its Open Network launch.With 110 million total downloads and peak search interest, Pi Network’s popularity is surging despite listing and regulatory uncertainties. Pi Network is gaining significant attention, with its pioneers highlighting a transaction speed that leaves Bitcoin trailing...
A decline in Bitcoin mining activity has historically led to prolonged corrections, impacting market stability and miner profitability.Rising competition and energy costs have narrowed profit margins, forcing miners to accumulate reserves and adapt to economic shifts. Bitcoin is under pressure again after on-chain analyst Ali Martinez revealed that Bitcoin mining activity is decreasing. According to...
Bitcoin (BTC) has been predicted to lead the general crypto market into a long downturn as FTX commences repayment to customers. Another analyst believes that Bitcoin is soon embarking on its prolonged correction triggered by the recent sell-off of all of Binance’s BTC holdings and the rising Consumer Price Index (CPI) inflation. The crypto market is...
Kyle Song, Google’s Web3 specialist for Asia Pacific, revealed that the company is working with contributors to the Bitcoin network to make Bitcoin more accessible to users.Google aims to streamline Bitcoin transactions by enabling users to access their Bitcoin wallets through Google accounts. At the Hong Kong Bitcoin Tech Carnival, the world’s first Bitcoin Innovation...
Lutnick’s appointment as Commerce Secretary raises questions on how his Bitcoin advocacy could influence U.S. crypto regulations.Lutnick’s strong ties to crypto, particularly Tether, could shape future U.S. policies on digital assets and institutional adoption. The U.S. Senate has confirmed Howard Lutnick, a prominent Bitcoin supporter and former CEO of Cantor Fitzgerald, as the new Secretary...