Business

World’s youngest bitcoin millionaire goes head-to-head with Facebook

THE world’s youngest bitcoin millionaire has thrown his lot in with a project aimed at snuffing out Facebook’s Libra coin. Erik Finman, who lumped a $ 1,000 gift from his grandmother into bitcoin at the age of 12, is investing heavily into a payment app he co-founded in an attempt to head off Mark Zuckerberg’s crypto scheme. Daily Express :: City and Business Feed

Pound euro exchange rate steady as Italy’s PM quits amid coalition chaos

The Pound Euro exchange rate held steady at €1.095 today. This follows the resignation of Italy’s Prime Minister, Giuseppe Conte, a coalition breakup and an ongoing political crisis for the Eurozone’s third-largest economy. Deputy Prime Minister Matteo Salvini – a prominent Eurosceptic – was also criticised by Mr Conte, who attributed the break in the coalition to Salvini’s “personal and party interests”. Daily Express :: City and Business Feed

Pound euro exchange rate: GBP/EUR eases despite Eurozone inflation hitting a two-year low

The pound euro exchange rate eased to €1.0916 today despite Eurozone inflation falling to its weakest point in more than two years. The July report showed the year-on-year figure dropped from 1.3 percent to 1 percent. Analysts at Bloomberg commented: “The report adds to negative data over the past weeks that may convince [European Central Bank ] officials that bold steps are needed to revive momentum in the [Eurozone]. Daily… Read More »Pound euro exchange rate: GBP/EUR eases despite Eurozone inflation hitting a two-year low