Iran rolling blackouts blamed on heat, drought, crypto-mining
Published by Al-Araby Iran has started rolling blackouts, local media reported on Sunday, which officials blamed on heat, drought impacting hydropower generation, and surging electricity demand blamed in part on crypto-currency mining. Power cuts in the peak summer months are…
Shares recover in volatile week for dollar, crypto
Published by The Bangkok Post Recap: Global shares rose yesterday amid optimism fed by strong US economic and earnings reports, while Covid restrictions receded in some countries. The upturn capped a volatile week in which worries about inflation and an…
Nets say they’re in conversations with potential cryptocurrency partners
Published by New York Daily News NEW YORK — As the cryptocurrency market spikes, plummets, rinses and repeats, the Nets are preparing to throw their hat — or wallet — in the ring. Nets CEO John Abbamondi says BSE Global,…
Should I invest in cryptocurrency? What about Bitcoin, Dogecoin, Ethereum?
Published by NJ.com Talk about volatile. Cryptocurrency is all the rage among some investors, whose portfolios gyrate wildly on a daily basis. The value of this investment type, which is a form of digital payment, frequently rises and falls violently…
S&P 500, Dow extend recovery after strong U.S. business surveys
Published by Reuters By Medha Singh (Reuters) – The S&P 500 and the Dow rose on Friday, extending a recovery from the previous session, as strong U.S. factory and services activity surveys lifted the mood at the end of a…
The Week Ahead: Containing bear markets
Published by Miami Herald “SPACS Are the Stock Market’s Hottest Trend.†“SPAC Selloff Bruises Individual Investors.†Those headlines appeared in the Wall Street Journal seven weeks apart. SPAC stocks were spectacular, until they weren’t. SPAC is an acronym for special-purpose…
Tug Of War And Its Profitable Resolution
Published by ValueWalk S&P 500 bid is improving in breadth, and the fake moves rich consolidation‘s lows are getting more distant. And they are likely to stay that way as the market reassesses the Fed intentions to talk about talking…
Ethereum Classic Is Cheaper and More Profitable Alternative to Owning Ethereum.
Published by Naijaraves Ethereum Classic Is Cheaper and More Profitable Alternative to Owning Ethereum. Ethereum Classic (CCC: ETC-USD) was trading for $89 as of May 18, while Ethereum (CCC: ETH-USD) valued at $3,407. As you can see, Classic is a…
Oil drillers and Bitcoin miners bond over natural gas
Published by Reuters By Laila Kearney (Reuters) – On U.S. oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and convert it on the spot into electricity….
Asia shares perk up as receding inflation fears lift Wall Street
Published by Reuters By Kevin Buckland TOKYO (Reuters) – Asian stocks rose on Friday, setting the region up for a weekly gain, as investors tempered fears about hot inflation and the prospects of an early tapering of stimulus by the…