The financial world has become so fragile fueling the investors to make quick withdrawals whenever a financial maladministration is detected. The $1.4b crypto hack, has seen Bitcoin's main and largest cryptocurrency tumble by over $10,000 in less than one week.
FAR-REACHING BYBIT CRYPTO HACK RIPPLE EFFECT.
BYBIT's $1.4B Ethereum account hack has gravely destabilized the financial world ecosystem.
BYBIT company, the second largest cryptocurrency exchange platform, claims to have lost $1.4b to hackers as they were doing their regular
cold-warm wallet transfer. It has not been well established what transpired noting that only three signs were required to initiate the transfer. Could it be an inside job? How did the notorious hackers manage to access the BYBIT Ethereum wallet?
EABL and KPLC have announced their interim dividend payout for the year 2025 first quarter, ksh 2.5, and ksh 0.2 respectively. EABL and KPLC book closures are on the 28th &21st Feb 2025 respectively.
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BEST PERFORMING CRYPTOS FOR THE YEAR 2024 % CHANGE.
1. RIPPLE + 359%
2. DOGE +218%
3. BTC + 125%
4. BINANCE +93%
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THE MAJOR BANKS HALTS INTEREST RATES HIKES.
FEDERAL RESERVE 5.5%.
RESERVE BANK OF AUSTRALIA 4.35%.
BANK OF ENGLAND 5.25%.
EUROPEAN CENTRAL BANK 4.5%.
BANK OF JAPAN -0.1%.
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US inflation rate YOY Actual 3.2%,previous 3.7%.
US PPI Actual -0.5%,previous 0.4%.
US retail sales MOM -0.1%,0.9%.
JP GDP YOY Actual -2.1%, previous 4.5%.
JP GDP QOQ Actual -0.5%,1.1%.
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MAJOR ECONOMIC NEWS OF THE WEEK.
GB unemployment rate Actual 4.2% previous 4.2%.
GB Employment change Actual 54k,previous -80k.
GB inflation rate YOY Actual 4.6%,previous 6.7%.
GB inflation rate of the MOM Actual 0%,previous 0.4%.
US inflation rate MOM Actual 0%,previous 0.4%.
Major banks have posed the interest rates for the third time consecutively, which depicts a slowing inflation rate.
Bank of Japan -0.1%.
Federal Reserve 5.5%.
Bank of England 5.25%.
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Bank of Japan poses interest rates at -0.1% fueling the Japanese yen loss against the US dollar .
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Economic news of the week
ECB posed interest rates for the third time consecutively at 4.5%.
US GDP price indexdeclines to 3.5%
US GDP growth rate surges to 4.9%.
US Initial jobless claims increased to 210k.
US Continuing jobless claims rose to 1790k.
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Euro Area Inflation Rate YOY 4.3%, previous 5.2%.
Euro Area Inflation rate MOM 0.3%, previous 0.5%.
Euro Area CPI 124.4, previous 124.03.
GB inflation rate YOY 6.1%, previous 6.2%.
GB inflation rate MOM 0.5%, previous 0.3%.
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USA ECONOMIC NEWS OF THE WEEK
NFP : Actual 336k ,previous 227k
Unemployment rate: Actual 3.8%, previous 3.8%
CPI Actual 307.789, previous 307.026
Inflation rate of the month Actual 0.4% , previous 0.6%
Inflation rate of the year Actual 3.7%, previous 3.7%.
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