UK 2024 Election – landslide victory for the Labour Party.
“What just happened?” “Dunno, but I like your tie!”
Bitcoin in a spin as it drops below $55000
More than $170 billion has been erased from the cryptocurrency market due to concerns over the Mt. Gox bitcoin payout.
Bitcoin’s price plummeted over 6% in 24 hours, reaching $54,237, marking its lowest point since late February 2024.
The total cryptocurrency market lost over $170 billion in market capitalization within the same timeframe, according to CoinGecko.
The Mt. Gox bankruptcy estate’s trustee announced on Friday that repayments in Bitcoin have commenced for certain creditors via specified cryptocurrency exchanges.
What is, or was, Mt. Gox Bitcoin?
The Mt. Gox Bitcoin payout pertains to the reimbursement process for creditors of the defunct Mt. Gox cryptocurrency exchange. Previously the world’s largest Bitcoin exchange, Mt. Gox fell in 2014 due to a significant hack, leading to the loss of about 740,000 Bitcoins.
Following extensive legal battles and postponements, the exchange is poised to start disbursing roughly $9 billion in Bitcoin and Bitcoin cash to its creditors. This payout is noteworthy as it entails a substantial return of bitcoin to users, which may influence the cryptocurrency market dynamics.
“A chance for real change at No. 10 – A new beginning or the beginning of more of the same?”
Tories trashed as the Labour Party achieve landslide victory – but will this translate to an era of better politics or will it deliver just more of the same?
Labour Party win 2024 UK election in landslide victory after giving the Conservative Party a drubbing!
The U.K.’s opposition Labour Party secured a significant parliamentary majority in the 2024 general election, displacing the incumbent Conservatives after 14 years in power.
Labour surpassed the threshold of 326 majority required to govern without coalition support as outgoing Prime Minister Rishi Sunak acknowledged the loss. Sir Keir Starmer, the leader of the centre-left Labour Party, is set to become the next prime minister, having declared victory in the early hours.
The Labour Party’s massive majority was achieved as Europe lurches to the right and the UK turns left – very contrasting differences.
The strength and size of the win mustn’t allow the Labour Party to railroad policy.
The Labour Party campaigned on the slogan ‘change’ – but what does that really mean? A change from what to what exactly? Time will tell – but I have my doubts. Having lived through many political changes and many Party promises that slowly drifted away to reality.
It looks very much to me that the win was a vote against rather than a vote for.
However, it was refreshing to witness democracy very much at work in the UK election.
Change!
Come on then Labour – let’s now see what you can do for the people of the UK now that you have trashed the Tories!
You have the majority!
Time for that change.
Japan’s Nikkei passes 41000 – then trims gain slightly
On 5th July 2024, Japan’s benchmark Nikkei 225 index climbed above 41,000 before retreating from its record close of 40,913.65.
The Nikkei 225 serves as a crucial barometer for the Japanese stock market, representing the performance of prominent companies on the Tokyo Stock Exchange. It continues to stand at historically elevated levels.
Nikkei one year chart closes at 40912 after passing 41000 for the first time
