😥 The Euro plunges to new lows

😥 The Euro plunges to new lows 🚀 A new study reveals that the US, Ukraine, and UK are at the forefront of global crypto usage 💵 FTX made more than $1 billion dollars throughout the last year

GM, vEmpions! Our motto of the day is: "This too shall pass".

This is perfect for those days when everything seems to be going wrong. No matter how bad things seem, they will eventually end. This is a good reminder that no situation is permanent and that better days are ahead. Here's what we have for you today:

😥 The Euro plunges to new lows 🚀 A new study reveals that the US, Ukraine, and UK are at the forefront of global crypto usage 💵 FTX made more than $1 billion dollars throughout the last year

The Euro plunges to new lows

The euro has been on a roll lately...a roll all the way down to new lows. That's right, the Euro took a nosedive today, falling to levels not seen since 2002.

The currency has already fallen to a new two-decade low, and according to strategists, this is just the beginning of a deeper descent. The euro has fallen as much as 1.1% to 0.9928 Monday, below the prior two-decade low of 0.9952 reached in July. This shift away from a brief period of relief has propelled the euro back to levels last seen in 2002, just a few years after the currency came into existence.

The Bloomberg Dollar Spot Index has risen 0.7% to its highest level since July, making it clear that the euro is in for a tough winter.  All of this is bad news for the euro, which is already facing a number of challenges. The currency is under pressure from a strong dollar, weak economic growth, and political uncertainty. With the situation looking increasingly dire, it's hard to see how the euro will be able to recover in the near future.

A new study reveals that the US, Ukraine, and UK are at the forefront of global crypto usage

The use of cryptocurrencies is on the rise globally, with more and more people using them for various purposes such as payments and investment. However, it seems that the US is leading the pack when it comes to overall cryptocurrency usage, scoring 7.75 out of 10.

Ukraine comes in second with a score of 5.96, followed by the United Kingdom at 5.79, according to data from Merchant Machine.

The research  indicates that the use of cryptocurrencies varies significantly from country to country, depending on factors such as regulations.  Countries like the US and UK, for example, rank higher because of their size and the advanced state of their economies.

On the other hand, countries like Ukraine rank high due to general trends in emerging economies, where cryptocurrency adoption is on the rise. In fact, Ukraine ranks first among all countries when it comes to the percentage of population that owns digital assets, at 12.73%.

However, it's worth noting that these countries generally face economic challenges characterized by local currency devaluations, which often forces residents to invest in cryptocurrency.

In any case, the use of cryptocurrencies is clearly on the rise globally, with more and more people finding ways to use them in their everyday lives. It will be interesting to see how this trend develops in the coming years.

FTX made more than $1 billion dollars throughout the last year

Who would have thought in 2019 that FTX could make it big?

According to leaked financial documents, FTX saw its revenue surge 1,000% to more than $1 billion throughout last year’s bull season. That's right, folks: a cool billion dollars.

The company added a whopping $321 million in profits, and its overall revenue jumped from $89 million to $1.02 billion. Not too shabby for an exchange that's just a few years old.

It seems that FTX CEO Sam Bankman-Fried is on a mission to scoop up ailing digital asset firms and consolidate his company’s position following this year’s market rout. FTX has been on a spending spree lately, snapping up various crypto companies and investing heavily in 2022. Its latest acquisition? Fintech firm Liquid. Last month, FTX made a bid for crypto lender BlockFi following the news of an $80 million hole in its pocket over its exposure to bankrupt hedge fund firm Three Arrows Capital.

With FTX's deep pockets, it looks like the sky's the limit. Can't wait to see what they do next.