Wednesday, April 17, 2024
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Bim Afolami Replaces Griffith as Economic Secretary to UK Treasury, Gains Responsibility for Crypto

Prime Minister Rishi Sunak has been reshaping his cabinet ahead of the next general election, which must be held by 2025. On Monday, Home Secretary Suella Braverman was fired and replaced by James Cleverly, who was himself unexpectedly replaced as foreign secretary by former Prime Minister David Cameron. Source

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Data highlights Bitcoin’s potential path to $40K amid global economic turbulence

Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark. Despite the stagnant prices, the 24.2% gains since Oct. 7 instill confidence, driven by the impending effects of the 2024 halving and the potential approval of a

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Eurozone Inflation Hits Two-Year Low as Economic Contraction Persists

Despite the varied economic performance across the 20-country common currency bloc, the challenges stemming from high inflation persist. The Eurozone is grappling with a significant economic downturn, as recent data indicate a sharp drop in inflation and a contraction in the region’s economy. According to a preliminary report published Tuesday by Eurostat,

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How Economic Policy and Geopolitical Uncertainty Could Affect Crypto Markets

In this article, we delve into the critical factors influencing the trajectory of cryptocurrency markets: tightening monetary policies, the resurgence of the U.S. dollar, and the lingering specter of inflation. We also examine the evolving role of cryptocurrencies, particularly Bitcoin, in the context of global finance and stability. Source

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Latin America crypto wave helps offset economic instability

In the face of economic turbulence, Latin American countries are increasingly turning to cryptocurrency as a perceived lifeline. South American nations are leading the charge in crypto adoption per capita, leaving behind many larger developed economies like the U.S. and the European Union (EU). Regulatory responses to crypto adoption in the region

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Economic stability at risk amid Israel-Hamas conflict

The International Monetary Fund (IMF) has called for financial reforms, particularly in the crypto industry, to foster global economic stability. Despite the IMF’s expectation of economic growth across the Middle East, it believes the recent Israel-Hamas conflict poses substantial risks to the region’s economy.  The IMF in a joint statement highlighted the

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