Aurelia Butler

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    in Economy

    Euro zone faces slower growth, higher prices as war hits: ECB poll

    Economists polled in the ECB’s Survey of Professional Forecasters (SPF) put inflation at 6% this year, or twice as high as predicted just two months ago, and saw it staying just above the ECB’s 2% target in the longer term. “Regarding the near-term outlook, respondents viewed high inflation as being primarily determined by ‘cost-push’ rather than ‘demand-pull’ factors, and considered that the conflict in Ukraine had re-ignited and amplified price pressures that had started to show signs of peaking,” the ECB said in a press release.Growth was seen slowing to 2.9% this year from 4.2% in the previous SPF and the ECB said “almost all” respondents attributed their downward revisions to the repercussions of the Russian invasion of Ukraine.”Aside from higher energy and food commodity prices, disruptions in some sectors and the sanctions imposed, they noted that the situation had resulted in falls in business and consumer confidence and loss of purchasing power for households,” the ECB added.2022 2023 2024 longer term HICP (%) 6.0 2.4 1.9 2.1 GDP GROWTH (%) 2.9 2.3 1.8 1.4 More

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    in Economy

    BOJ likely to raise inflation forecast near 2%, vow to keep easy policy – sources

    TOKYO (Reuters) -The Bank of Japan (BOJ) is likely to raise its inflation forecast for this fiscal year to near 2% at this month’s policy meeting as global commodity inflation drives up energy and food costs, said three sources familiar with the bank’s thinking.While the upgrade will bring inflation closer to its 2% target, the central bank will stress its resolve to keep monetary policy ultra-loose to underpin a fragile economic recovery, the sources said.”Consumer inflation may accelerate to near 2% this fiscal year, but mostly due to rising fuel and food costs,” one of the sources said. “It’s too early to withdraw stimulus because wage growth is slow and the economy is still weak,” the source said.Two other sources echoed that view.In new quarterly projections due to be released at the April 27-28 policy meeting, the BOJ will likely lift its core consumer inflation forecast for the current fiscal year through March 2023 to above 1.5% from the present estimate of 1.1%, the sources said.A Reuters poll in March showed analysts expect core consumer inflation to hit 1.6% in fiscal 2022.The board is also expected to trim this fiscal year’s growth forecast, the sources said, as rising raw material costs caused by the Ukraine war hurt global trade and domestic consumption.The BOJ’s current forecast, made in January, is for the economy to expand 3.8% this fiscal year, far faster than the 2.6% growth projected in a Reuters poll.NO EXIT IN SIGHTLingering supply constraints, soft consumption and the pinch from global commodity inflation have cast doubt on the BOJ’s view the economy is picking up and headed for a steady recovery.While the BOJ still expects the economy to recover, it will likely warn of rising risks to the outlook as the Ukraine crisis weighs on global and domestic demand, the sources said.Analysts say Japanese inflation likely won’t gain the kind of momentum seen in countries like the United States, where rising prices are accompanied by strong wage growth, prodding central banks to plan aggressive interest rate increases.The BOJ’s new projections will likely show consumer inflation slowing back to around 1% in fiscal 2023 as the impact of recent fuel price rises tapers off, the sources said.In the current forecasts, the BOJ expects core consumer inflation to hit 1.1% in fiscal 2023.Several BOJ executives, including Governor Haruhiko Kuroda, have said core consumer inflation will likely accelerate to around the bank’s 2% target from April due to rising fuel costs and the dissipating effect of past cellphone fee cuts.They have also said the BOJ won’t respond to cost-push inflation with tighter policy, and it will maintain stimulus until inflation stably hits 2% on the back of strong wage growth.At the policy meeting, the BOJ is widely expected to maintain a pledge to guide short-term interest rates at -0.1% and cap long-term borrowing costs around 0%. More

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    in Cryptocurrency

    DOGE Follows Upward Trend: Is It Ready to Tap Its Past $0.17?

    Dogecoin, the meme coin which is Elon Musk’s favorite crypto, indicates signs of an expected surge in the near future. The coin might spike to its $0.17 price value, which happened on April 5, 2022.At the time of writing, DOGE is trading at a price of $0.14, with a market cap of nearly $19 million. It has spiked with 1.68% growth in the past 24 hours. Also, it leads in the 11th position among the top 20 cryptocurrencies by market cap. Specifically, the global market cap hangs around $1.88 trillion, with a 2.03% decrease over the last day. DOGE/USDT 1-day chart (source: TradingView)Furthermore, DOGE had a strong bear push downwards on February 24, 2022, which signaled a ‘hammer candle pattern’. Contrary to this stage, the coin reached $0.17 on April 5. The significant question here is if DOGE will reach back to this surge soon.While peeking into the past, the price of Dogecoin on June 5, 2019, showed a $0.0046 hike; it then signaled a red flag until it soared to $0.0049 on February 9, 2020. However, there had been slight surges and dips in during the months in between.Notably, DOGE secured its all-time high (All-Time High) of $0.74 in May 2021. This value hike occurred prior to Elon Musk’s SNL appearance in May 2021. But its price plunged during his live session as Elon jokingly called it a ‘hustle’.Since its ATH, DOGE price has moved down by 85%. Moreso, the coin showed three distinctive lower lows and lower highs from September 2021 to March 23, 2022. The trend lines passing through this specific time period depict a falling wedge pattern.Essentially, the upward trend of DOGE since April 12 continues to climb the stairs till now. If this trend continues to surge, DOGE is expected to reach its $0.17 price value.Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.Continue reading on CoinQuora More

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    in Cryptocurrency

    Splinterlands To Decentralize Validator Nodes With New License Offering

    The SPS validator software will be fully open-source, enabling anyone to download, install, and run it without any extra costs or restrictions, however, the node licenses will require SPS payment to obtain. It will be initially released as a “docker container” that can be operated on Linux machines, with versions for Windows and MacOS to follow soon. Additionally, running the SPS validator node will only require minimal hardware. The SPS governance mechanism will use the DPoS (Delegated Proof of Stake) consensus model, similar to other leading networks like Binance Smart Chain, EOS, and Hive. As a result, any account with staked SPS tokens will be eligible for voting for accounts running validator nodes to elect further users or entities responsible for validating all SPS transactions and managing the SPS foundation funds. In essence, the more staked SPS backing a particular validator, the more blocks they will be assigned, and the higher their rewards.However, in the aforementioned process, only a small number of accounts can obtain the majority of the votes, and therefore the majority of the rewards. To solve this, the Splinterlands team will be offering “licenses,” enabling all users to earn rewards for running nodes without needing to have any staked SPS votes. These SPS licenses can be purchased via a combination of SPS tokens and VOUCHER tokens. Furthermore, 80% of the SPS tokens and 100% of the VOUCHER tokens spent on acquiring node licenses will be burned. The remaining 20% of the SPS tokens will be redirected to the SPS Foundation and will be used to incentivize SPS validator nodes once the 3 billion SPS token cap is reached.Splinterlands will roll out a total of 60,000 licenses in multiple phases, where the price of licenses will keep increasing after each phase. These licenses will be NFTs (non-fungible tokens) that can be bought, sold, and traded across secondary marketplaces. Additionally, users can utilize multiple SPS licenses with a single SPS validator node. Therefore, even if users purchase multiple licenses, they only need to run the validator software once to earn the rewards for all of their licenses”This is a major step towards our goal of Splinterlands operating as a completely decentralized game that the players own and control through their SPS.” – Aggroed Reich, CEO of SplinterlandsContinue reading on DailyCoin More

  • 113 Shares189 Views

    in Cryptocurrency

    Portuguese regulator grants first crypto license to a bank

    On Thursday, Banco de Portugal updated its list of virtual asset service providers adding “Bison Digital Assets” as the country’s’ fifth licensed crypto exchange. The company is newly created to operate under Bison Bank, which is fully held by a Chinese private capital firm based in Hong-Kong, and will position its crypto services to high net worth customers according to local media.Continue Reading on Coin Telegraph More

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    in Cryptocurrency

    Digital Zodiac Heads Surface on APENFT Marketplace: World Welcomes Rare NFT Art Pieces

    In partnership with APENFT Marketplace, Sun will list the Monkey Head NFT from the “Twelve Digital Zodiac Heads” collection as the first NFT collectible for sale following the APENFT Marketplace Mainnet launch on April 15 at 8 p.m. SGT.APENFT plans to set the starting price at 666 WTRX. The highest bidder will take home the valuable Monkey Head NFT.During the auction, the top three highest bidders on each day will also be rewarded with a Regular Genesis NFT. Bidders stand a chance to receive extra bonuses offered by APENFT Marketplace. The highest bidder will be awarded a Legendary Genesis NFT; the second-highest bidder recorded when the auction concludes will receive an exclusive Monkey Head-themed Epic Genesis NFT; the third-highest bidder will earn a WIN NFT HORSE NFT-themed Zodiac Animal Head.For the first time, a rare art piece in the digital form will debut in an auction hall of the decentralized world.One of the animal heads will also be introduced as a rare, special-breed horse in WIN NFT HORSE, a horse racing game co-launched by the APENFT Foundation and WINkLink on the TRON blockchain.The Monkey Head NFT has significant symbolic value in Chinese culture, as monkeys represent intelligence and rebellion. The combination of the Monkey Head NFT and APENFT Marketplace marks the debut of ancient artworks in the decentralized world.Digital art is among the industry’s hottest trends this year, with many art forms expanding their presence into NFTs. People have begun shifting their focus to the artistic experience in digital spaces and exhibitions. Auctions of digital art are becoming an integral part of today’s auction market. Since 2021, major auction houses like Sotheby’s and Christie’s have hosted multiple stand-alone sales for digital art, all racking up impressive interest and revenue.The twelve zodiac animals are an important symbol of Chinese culture and its mythology. Every newborn is assigned an auspicious animal based on their birth year. These animals are unchangeable marks that follow each Chinese throughout their life. They serve as a bond to maintain national pride and connection to their shared Chinese heritage. The twelve Old Summer Palace bronze heads are the rarest amongst all the physical embodiments of these symbols.As a trailblazer in digital technology, Sun also has a heavy influence in the realm of top-notch art collections. Through clinching a myriad of artworks by both traditional masters and emerging NFT artists on major trading platforms, Sun has managed to build an impressive portfolio incorporating art, investment, finance, and more. His collections include works by Pablo Picasso, Andy Warhol, Giacometti, Beeple, and Pak, the latter two being the two most valuable crypto artists worldwide.In addition, Sun has donated a number of well-known works, including Le Nez and Femme nue couchée au collier (Marie-Thérèse), to organizations such as the APENFT Foundation to support the development of NFT art.Through this auction, APENFT Marketplace aims to immerse more people in the modernity of digitized traditional art, minting a chapter in the history of blockchain.About APENFTOfficially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of the TRON blockchain, with additional support from the world’s largest distributed storage system BitTorrent File System (BTFS). At the core of our mission, APENFT aims to facilitate the creator economy while catalyzing both financial and cultural inclusion in the metaverse. Our vision is to integrate both the virtual and the real worlds seamlessly. APENFT Foundation is the world’s first NFT art foundation that realizes crossover purchases. We aim to bridge conversations between stakeholders in the traditional art world and the digital art community emerging around NFTs, promote inclusiveness and diversity, broaden our multimedia audience, and increase all members’ engagement. In the future, our collection will be made available to the entire community through a series of curated online exhibitions in the metaverse.APENFT Contact:Miles [email protected]: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.Continue reading on CoinQuora More