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Nakamoto sought to design an electronic payment system that would circumvent the need for trusted third parties like banks to verify transactions. Towards the end of 2017, the price of Bitcoin began to soar and reached almost $20,000 (€16,486) having climbed from $900 in January of that year. However, the price plummeted again in 2018 amid fears of a regulatory crackdown on cryptocurrencies by Asian countries like China and South Korea. In 2021, growing interest from financial institutions has helped propel the total cryptocurrency market capitalisation to over $2.5trillion (€2.06 trillion) this week - an increase of almost 930 per cent on last year. Banks like Goldman Sachs and Morgan Stanley have already begun trading cryptocurrencies while other financial giants like Citigroup have signalled their interest in getting into the crypto market. ....
Why Are German-Hungarian Commerce Chamber Members Optimistic About Recovery? xpatloop.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from xpatloop.com Daily Mail and Mail on Sunday newspapers.
FinMin Expects Return to Growth to Happen 'Surprisingly Fast' hungarytoday.hu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hungarytoday.hu Daily Mail and Mail on Sunday newspapers.
Finance Minister: Credit Rating Agencies Upbeat on Hungary Economy The two big rating agencies have reaffirmed their confidence in Hungary, which is classed as investment grade, suggesting that it is not only investors that have confidence in the Hungarian economy, Minister of Finance Mihály Varga said on Facebook on Saturday. Both Standard and Poor’s and Fitch noted the effectiveness of Hungarian crisis management, good debt structure and funding opportunities. Fitch Ratings and Standard & Poor’s on Friday reaffirmed Hungary’s sovereign debt rating with a stable outlook, giving long-term sovereign forint and foreign currency debt a “BBB” rating, while S and P maintained a separate “A-2” rating for short-term Hungarian debt. ....
Finance Ministry Raises Budget Deficit Estimates while EU Comes to the Rescue The Ministry of Finance now estimates that total government budget deficit will end up at 8-9% of GDP for this year. They have also raised the expected national budget deficit for 2021 from 2.9% to 6.5% of GDP. Fortunately, the newly accepted EU budget and recovery package may alleviate potential worries. 2020, please be over… over the last month, the government has amassed a budget deficit of HUF 700 billion (EUR 2 billion). Last year during the same period, this was HUF 190 billion (EUR 540 million). The deficit for this year has thus surpassed HUF 3,200 billion (EUR 9 billion) according to the Ministry of Finance. At the same time ....