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    12 Bitcoin for $0.01 Transaction Unfolded 15 Years Ago: Details

    Rizzo shared this fun fact on social media platform X, sparking reflection in the crypto community about how far Bitcoin has journeyed through the years.Bitcoin was launched in January 2009 by the pseudonymous creator Satoshi Nakamoto, and its value was initially near zero.In the early days of Bitcoin, there were no exchanges that resembled those available today. In an early transaction, for instance, 5,050 BTC were exchanged for $5.02, offering an estimate of a price of around $0.0009 per Bitcoin.On Feb. 9, 2011, BTC touched $1.00 for the first time in history. A few months later, in June, the price of a single Bitcoin reached $10, then $30 on Mt. Gox. This represents a 100x increase since 2011, when the price of Bitcoin was around $0.30. By the end of the year, Bitcoin had rebounded to a little under $5.Bitcoin’s price increased dramatically in 2013, for the first time since 2011. Bitcoin rose from $13 at the beginning of the year to roughly $250 in April. It subsequently cooled for a bit before rapidly appreciating again to more than $1,100 in December of that year.Bitcoin’s price steadily increased in 2017, culminating in a massive blow-off high of nearly $20,000. Bitcoin experienced another big rally in 2021, hitting $69,000 in November of that year.Fast forward to last month, and Bitcoin neared $100,000, reaching a record high of $99,728 on Nov. 22. At the time of writing, Bitcoin was trading at $95,504.This article was originally published on U.Today More

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    Namada Launches Mainnet, Introducing Shielded Cross-Chain Transactions

    Namada, the shielded asset hub enabling shielded cross-chain transactions, has officially published its genesis block, marking the launch of its mainnet. Along with the commencement of staking and governance, this marks the start of the first phase of Namada’s five stage decentralized mainnet rollout. This marks an important step forward, offering comprehensive data protection and selective disclosure across the multichain landscape. Introducing NamadaNamada is designed to enable the protection of users’ personal data when using on-chain assets and engaging in cross-chain transactions. Its key innovation, the Multi-Asset Shielded Pool (NASDAQ:POOL) (MASP), can support the shielding of user data related to any asset, enabling shielded interactions across different blockchain networks. Namada enables selective disclosure, giving users the ability to share transaction data publicly and to specific parties. Additionally, Namada is introducing a unique shielding rewards system for users protecting their personal data.Namada introduces a suite of innovative features designed to protect user data while enabling seamless shielded cross-chain interactions:This process will unfold in five stages, each driven by community decisions via on-chain governance. Discussions around the mainnet release candidate software, configurations, genesis block draft, and tokenomics have taken place within the Namada community forum, ensuring a transparent, decentralized, and collective approach to the launch.The Anoma Foundation proposed the initial set of genesis allocations, including a total supply of 1 billion NAM tokens with no lockups, distributed among community members, early contributors, and future development initiatives. This decentralized approach ensures that the network’s launch and ongoing governance remain in the hands of its users.Namada is poised to support IBC-based assets initially, but can be upgraded in the future to support additional ecosystems, with the aim of becoming the data protection layer for the entire multichain ecosystem.About NamadaNamada is the shielded asset hub rewarding users to protect the multichain. By leveraging advanced zero-knowledge cryptography, Namada enables selective disclosure of personal data, offering unparalleled data protection across assets, applications, and blockchain networks. It introduces shielded cross-chain interactions and shielding rewards for users who protect their data and strengthen its shielded set.ContactPR RepresentativePatrick KennedySerotoninpatrick@serotonin.coThis article was originally published on Chainwire More

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    Memecoin Project Raises Over $1m, Unveils Website Upgrade, and Announces Upcoming Pepetoswap Launch

    A New Chapter for MemecoinsPepeto has raised over $1 million during its presale phase, drawing notable interest from the cryptocurrency community. Beyond its role as a memecoin, Pepeto aims to elevate the entire memecoin sector by introducing a bridge and exchange platform to support liquidity, accessibility, and collaboration among tokens. With plans to adopt all next-generation memecoins in the anticipated 2025 bull run, Pepeto is positioning itself as a cornerstone project within the crypto community.Website upgrade and Early OpportunitiesPepeto has completed its Q4 2024 roadmap and is now progressing toward Q1 2025 milestones. As part of its ongoing growth, a recent update to its official website, https://pepetotoken.io, signals preparations for a potential announcement regarding PepetoSwap technology. With its evolving exchange ecosystem and growing interest, Pepeto is attracting early adopters ahead of broader market participation. Currently priced at just $0.000000094 and sharing the same total supply as Pepe (420T), Pepeto offers an opportunity for early engagement in the evolving memecoin landscape.X post: https://x.com/Pepetocoin/status/1863555223060365357Pepeto Unveils Upgrades Ahead of Beta LaunchPepeto continues to expand, highlighted by ongoing development efforts to launch the beta version of its bridge and exchange technology during the presale period. The upgraded official website, https://pepetotoken.io, now offers enhanced functionality to support upcoming utilities like cross-chain trading and token listings, aiming to bring new capabilities to the memecoin sector. With presale prices rising at each stage and staking options providing extra incentives, the project offers early access to its evolving ecosystem through the official platform.Pepeto’s Utility: Bridge EcosystemPepeto’s ecosystem distinguishes itself by providing tools designed to reshape the memecoin market:Pepeto’s Mythological NarrativePepeto’s mythological narrative, centered on its quest to gather six sacred documents, has intrigued the crypto community. The story of the God of Frogs highlights the project’s unique approach and evolving legacy. Additional details are available to interested users through Pepeto’s official website and social media channels at https://pepetotoken.io.ConclusionWith over $1 million raised and a growing ecosystem designed to support memecoins, Pepeto is making strides in the market. Combining a unique narrative, innovative tools, and an expanding community, the project is positioned to gain traction ahead of the 2025 bull run. The PepetoSwap technology upgrade signals further developments on the horizon.About PepetoPepeto is a memecoin project designed to integrate cross-chain utility with community-driven development. Offering zero-fee trading, blockchain bridge functionality, and a staking rewards program, Pepeto seeks to combine accessibility with practical features. The project emphasizes interoperability and long-term value, fostering a dedicated user base through its ecosystem innovations and community-focused approach.Disclaimerpepetotoken.io is the sole official platform for purchasing Pepeto tokens. Investors are encouraged to exercise caution and avoid unofficial sites. For accurate information, users can visit https://pepetotoken.io.Social Media:This article was originally published on Chainwire More

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    French lawmakers to vote on Wednesday on toppling government

    PARIS (Reuters) -French lawmakers will vote on Wednesday evening on a no-confidence motion which is all but certain to oust the fragile coalition of Michel Barnier, deepening the political crisis in the euro zone’s second-largest economy.It would be the first French government to be forced out by a no-confidence vote in over 60 years, at a time when the country is struggling to tame a massive budget deficit.The debate is scheduled to start at 4 p.m (1500 GMT) on Wednesday, with voting about three hours later, parliament officials said. Macron, who is on a state visit to Saudi Arabia, is set to return to France that day.The collapse of the government would leave a hole at the heart of Europe, with Germany also in election mode, weeks ahead of U.S. President-elect Donald Trump re-entering the White House. After weeks of tension, the political crisis came to a head when Barnier, who has been prime minister for only three months, said he would try to ram the social security part of the budget through parliament without a vote after failing to win support from Marine Le Pen’s far-right National Rally.Barnier’s entourage and Le Pen’s camp, who had been propping up the minority coalition, each blamed the other and said they had done all they could to reach a deal to trim spending on benefits and had been open to dialogue.”Censuring the budget is for us the only way the constitution gives us to protect the French …,” Le Pen told reporters as she arrived in parliament on Tuesday.The left and the far right combined have enough votes to topple Barnier, and Le Pen has confirmed that her party would vote for a left-wing alliance’s no-confidence bill. The RN’s own no-confidence motion would not be backed by enough lawmakers.Finance Minister Antoine Armand told France 2 TV politicians had a responsibility “not to plunge the country into uncertainty”.RISK FOR LE PENBarnier is due to be interviewed on television news programmes around 1920 GMT on Tuesday. It is not yet known what he is due to say. His draft budget had sought to cut the fiscal deficit, which is projected to exceed 6% of national output this year, with 60 billion euros ($63 billion) in tax hikes and spending cuts. It sought to drag the deficit down to 5% next year, with ratings agencies keeping a close eye on progress.If the no-confidence vote does indeed go through, Barnier would have to tender his resignation but Macron could ask him to stay on in a caretaker role as he seeks a new prime minister, which could well happen only next year. As far as the budget is concerned, if parliament has not adopted it by Dec. 20, the caretaker government could propose special emergency legislation to roll over spending limits and tax provisions from this year. But that would mean that savings measures Barnier had planned would fall by the wayside.The upheaval is not without risk for Le Pen either, who has for years sought to convince voters that she can offer stability.An Ipsos (EPA:ISOS) survey last month showed a majority of French did not trust politicians, with the RN faring slightly better than other parties but with voters still unhappy with how it was behaving in parliament.Some 50% of voters told the survey the RN was dangerous for democracy – albeit 11 points lower than in 2020.A poll by Odoxa showed that 59% of RN voters prefer Jordan Bardella, who is now party chief, to Le Pen, who is awaiting judgment in a trial over alleged misuse of EU funds, which could possibly see her barred for running for public office for five years. She denies any wrongdoing.Macron, who won a second mandate in 2022, cannot be forced out by parliament. His term runs until mid-2027. He precipitated the current political crisis by calling snap elections in June, which he said should help clarify the political landscape.There can be no new snap parliamentary election before July.($1 = 0.9504 euros) More

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    Factbox-Europe’s embattled auto sector plans plant closures and layoffs

    Below are layoffs and site closures announced in recent months (latest first):FEINTOOL Switzerland’s automotive supplier Feintool on Dec. 3 announced it will close one of its sites in Germany and lay off as many as 200 people.VALEOFrench car parts supplier Valeo (EPA:VLOF) will cut around 1,000 jobs in Europe, sources told Reuters on Nov. 27, adding that the restructuring push will result in the closure of two French plants. STELLANTIS Carmaker Stellantis (NYSE:STLA) on Nov. 26 announced plans to shut its Vauxhall van factory in Luton, England, putting more than 1,000 jobs at risk. It has repeatedly halted assembly operations at its main plant in Italy’s Mirafiori due to low demand, in particular for the electric version of Fiat (BIT:STLAM) 500. The company said it had no plans to shut plants in Italy. BOSCH Bosch (NS:BOSH), the world’s biggest auto parts supplier, plans to cut 5,500 jobs by 2032 in its cross-domain computer solutions and steering divisions, mostly at German sites, and reduce work hours for some employees, it said on Nov. 22.FORD U.S. automaker Ford (NYSE:F) on Nov. 20 said it would cut 4,000 jobs, primarily in Germany and Britain, representing 14% of its European workforce. MICHELIN French tire maker Michelin (EPA:MICP) will shut two sites in western France, affecting about 1,250 jobs, it said on Nov. 5.SCHAEFFLERGerman machine and car parts maker Schaeffler: The , hit by weak demand from auto and industrial clients, said on Nov. 5 it planned to cut 4,700 jobs, mostly in Germany.The restructuring effort would also include closures of the production facilities in Austria and Britain. VOLKSWAGENVolkswagen (ETR:VOWG_p), Europe’s top carmaker, has threatened thousands of job cuts and potential plant closures in Germany as it embarks on tough talks with unions over the cost-cutting push.On July 9, it put on sale its 3,000-people-strong Brussels site for premium brand Audi due to low demand for its higher-end electric cars.DAIMLER TRUCKDaimler (OTC:MBGAF) Truck, the world’s largest truckmaker, said on Aug. 1 it will cut hours and impose a job freeze for employees in its truck-making business in Germany. More

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    UK economy outlook for 2025, as per Deutsche Bank

    In a note released Tuesday, the bank predicts GDP growth of 1.3% for the year and 1.4% for 2026, down two-tenths below its previous forecasts, respectively. Weaker private sector demand, higher payroll costs, and subdued employment growth are cited as key factors shaping this outlook.“Looser fiscal policy will likely subtract from private sector spending. Weaker private demand and higher payroll costs will likely lead to lower employment growth and wage settlements. Higher prices – though temporary – are likely,” Deutsche Bank senior economist Sanjay Raja said in a note.The UK labor market is expected to soften further. Deutsche anticipates the unemployment rate will peak at 4.6% by late spring, driven by falling job vacancies and rising employer costs due to increased National Insurance Contributions (NICs). Wage growth is projected to moderate, with average pay settlements slowing to 3.75%-4% in 2025 and to 3-3.25% in 2026, down from 5.5% in 2024.Deutsche also expects inflationary pressures to persist, with headline CPI climbing to 2.9% in 2026, up from 2.5% in 2024.“A painful one-off bump higher in price momentum is likely in our view, given higher energy prices, administrative tax changes, and the hike in employer National Insurance Contributions (NICs),” Raja wrote.The report maintains that inflation will return to the Bank of England’s 2% target by 2026.Moreover, Deutsche Bank projects that the UK’s fiscal policy will remain constrained, leading to reduced medium-term spending plans, as outlined in the Chancellor’s upcoming Spring Statement. However, delays in the multi-year spending review could result in increased borrowing or potentially minor tax adjustments.On the monetary policy front, the bank expects a slower pace of easing, with the Bank of England cutting rates four times instead of five in 2025. The first rate cut is anticipated in the first half of the year, with further reductions concentrated in the latter half. Deutsche Bank maintains its forecast for the Bank Rate to reach 3.25% by the first quarter of 2026.“We continue to see Bank Rate at 3.25% in Q1-26. Risks are skewed to a slower easing cycle, and higher terminal rate,” the report states.Meanwhile, house prices are forecast to grow by 2.75% in 2025, supported by favorable credit conditions and steady consumer demand. On the other hand, trade faces headwinds from global uncertainties, including potential tariff escalations under the US’s newly elected administration. More