French stocks traded sharply higher on Friday after a European Central Bank (ECB) poll of professional forecasters showed that inflation in the euro zone will fall to 2 percent in 2025 and stay there in the longer term, giving the clearest indication that the ECB could cut interest rates in June. Meanwhile, France\'s consumer price...
U.K. stocks were sharply higher on Friday as higher commodity prices lifted mining and energy stocks. In economic releases, the U.K. economy posted a meagre growth in February, the Office for National Statistics reported earlier today. Real gross domestic product edged up 0.1 percent on a monthly basis in February, following a revised 0.3 percent...
Singapore central bank left its monetary policy stance unchanged as core inflation is projected to stay elevated in the immediate quarters ahead, while the economy logged a weaker-than-expected growth on softer manufacturing and construction activity. The Monetary Authority of Singapore decided to retain the prevailing rate of appreciation of the S$NEER policy band. There will...
European stocks rallied on Friday after a European Central Bank (ECB) poll of professional forecasters showed that inflation in the euro zone will fall to 2 percent in 2025 and stay there in the longer term, giving the clearest indication that the ECB could cut interest rates in June. In-line regional inflation and GDP data...
The UK’s Competition and Markets Authority (CMA), led by Sarah Cardell, has voiced its displeasure with the control of AI Foundation Models (FMs) by a small number of tech companies. This concern was outlined in a paper presented by Cardell during an Antitrust Law Spring Meeting in Washington on April 11. UK Competition and Markets...
Craig Wright, the Australian computer scientist claiming to be Bitcoin’s creator Satoshi Nakamoto, has dropped his appeal in a Norwegian defamation case against the well-known Bitcoiner Hodlonaut (a.k.a. Marcus Granath), according to a statement released on X Thursday. Marcus Granath Celebrates As Norway Appeal Is Dropped Granath first found himself in legal hot water with...
Mayor of London candidate Brian Rose announced plans on Wednesday to give city residents £100 worth of a new crypto token if elected as part of his plans to make the capital a “crypto-friendly city.” The token, aptly called $LONDON, would be funded by a 1% tax on traditional banks and could be used by...
Uniswap Labs, the creator of the Uniswap decentralized exchange (DEX) protocol and the issuer of the UNI token, was hit on Wednesday with a Wells notice by the US Securities and Exchange Commission (SEC), but vowed to fight back. A Wells notice is a notification from regulators to an individual or company that an investigation...
This year’s massive crypto rally was driven by the Bitcoin spot market, with on-chain analysis offering a unique look into the current state of the market cycle, according to Glassnode’s Tuesday report. Bitcoin Spot Volume: Now Versus 2021 Glassnode noted that spot volumes peaked at $14.1 billion in March, similar to levels seen at “the...
Venezuelan prosecutors say they have arrested former Vice President Tareck El Aissami, the alleged “ringleader” of a “crypto plot” to embezzle money from state oil sales. El Aissami had been on the run from Venezuelan law enforcers for around a year after allegedly converting cash “into cryptocurrencies.” Prosecutors think El Aissami and other senior government...