CategoryGlobal

Bitcoin ETF explained: what’s it all about?

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Companies in the United States are now permitted to offer a bitcoin Exchange Traded Fund (ETF), marking a significant development eagerly anticipated by the crypto sector. The decision from the U.S. regulator SEC, announced on Wednesday, is a pivotal moment as investment firms have long sought approval to introduce a bitcoin ETF, with previous attempts consistently blocked by the regulator...

Fake Gensler X message leads to colossal market move

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The price of bitcoin drops further after an incorrect message on X about the approval of listed bitcoin funds. It seemed that the US regulator had approved these bitcoin ETFs, but that turns out to be wrong. The bitcoin price fell below 46,000 dollars on Wednesday. The decline followed an incorrect message on X. It states that the American stock exchange watchdog SEC would have approved the...

European Audiovisual Observatory under Georgian Presidency in 2024

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The European Audiovisual Observatory starts a new year under its Georgian Presidency. This Council of Europe organisation based in Strasbourg has been providing facts and figures and analysis of the film, television and video industries in Europe since 1992. Each January a different Observatory member country takes over its yearly rotating Presidency. Georgia follows on from Portugal which held...

Employment down in Q3 2023

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In the EU, the employment rate of people aged 20-64 stood at 75.3% in the third quarter of 2023, a decrease of 0.1 percentage points (pp) compared with the second quarter of 2023. Labour market slack – encompassing those with unmet employment needs, a large part of which includes unemployed individuals – amounted to 11.3% of the extended labour force aged 20-64 in the third quarter of 2023 (see...

‘Tinder’ for migrant workers: reverse job search engine is debated in the EU

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Brussels is proposing the creation of a migrant worker online platform, often dubbed as the ‘Tinder’ for migrant workers, where companies can advertise job vacancies accessible to individuals outside the EU. The objective is to streamline and enhance the process for migrant workers seeking opportunities in Europe. Despite the European Commission’s assertion that such talent...

The COVID aftermath: Dutch are close to gambling addiction

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In the past year, gambling and betting companies in the Netherlands collectively earned 3.4 billion euros in profits after deducting expenses. This figure represents a substantial increase of 700 million euros, or nearly 26 percent, compared to 2019, which was the last year before the imposition of COVID-19 restrictions. In 2022, the average Dutch individual wagered approximately 258 euros in the...

The Halving is near: what does it mean for the market?

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The Bitcoin (BTC) halving is a pivotal event in the network, and the next one is just around the corner in April 2024. Currently, we’re 86% of the way there. Bitcoin halving is a fixed event on the blockchain where the mining reward per block is cut in half. For instance, in the 2020 halving, miners received 12.5 BTC per block, which then dropped to 6.25 BTC. In 2024, it will further...

EC issues protective requirement: cash option should be present at any retail

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The European Commission wants almost all businesses and institutions to be required to accept cash payments. ‘Pin-only’ shops would disappear as a result. The Commission’s proposal essentially mandates that cash, with a few exceptions, must be accepted. This obligation would not apply to online purchases, however. There are only two exceptions to this rule. Cash may be ‘in...

Rate hikes are about to end, investors hope

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Investors on Wall Street appear to be harboring optimism that central banks in both the United States and Europe will soon discontinue their policy of interest rate hikes. According to market analysts, this sentiment played a significant role in driving the major stock market indices in New York to close Wednesday’s trading session with notable gains. Financial experts have been engaged in...

Powell’s Speech to Headline Fed’s Summer Gathering at Jackson Hole

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The Federal Reserve chairman will speak Friday at the central bank’s summer symposium in Jackson Hole, Wyoming. The irony could not be more pronounced. This week, the world’s leading macroeconomists will gather at a playground of billionaires to discuss the post-pandemic problems of ordinary Americans while balancing the twin goals of seeking full employment and also constraining the forces of...

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