The digital asset has been meandering between roughly $33,000 and the $48,000 it came into the year at. About $475 million in long Bitcoin positions were liquidated over a 24-hour period, according to data from Coinglass. The 90-day correlation coefficient of Bitcoin and the tech gauge now stands above 0.67, the highest such reading in […]
Avalanche and Solana, among some of the largest gainers after the US Federal Reserve raised rates on Wednesday, were down as much as 15 per cent and 11 per cent, respectively. The US central bank’s policy-making Federal Open Market Committee on Wednesday voted unanimously to increase the benchmark rate by a half percentage point and […]
Cryptocurrency exchange Bybit also said it had received approval to conduct virtual assets business in Dubai and initiated plans to set up its global headquarters in the emirate. …Read the full story
Shiba Inu and three other tokens – Solana’s SOL, Polygon’s Matic and Compound’s COMP – were all listed for the first time on Robinhood’s platform. Bitcoin had dropped Monday to below $40,000 for the first time in more than three weeks. Bitcoin “is still consolidating in a triangle pattern stretching back to mid-January”, said Jeffrey […]
Crypto enthusiasts are not usually among the top buyers of carbon offsets. In this case, crypto users did not move into offsets as a way to counteract the enormous emissions associated with mining cryptocurrencies. Blockchain technology underpinning cryptocurrency can be used to keep a public record of accounts involved in transactions for carbon offsets, even […]
While governments globally are pursuing carbon neutral goals, significant investment is required to achieve those targets. Last year, the UAE, the Arab world’s second-biggest economy, became the first country in the Middle East to set a net-zero target, which it seeks to achieve by 2050. The country has also urged public and private companies to […]
Blank-cheque acquisition firms and the companies they acquire are having to hand over bigger stakes in the ventures to investors in some cases, often at big discounts. Less than three months into 2022, 13 mergers involving Spacs have already fallen through in the US, according to data from industry tracker Spac Research. Spacs are shell […]
Headlines about rising prices are everywhere at the moment – for food, fuel, metals, medicine, computer chips and much more. The European Trading Scheme began in 2005, and obliges large greenhouse gas emitters, such as power plants, factories and airlines, to hold an allowance for each tonne of carbon dioxide they release. It is intended […]
In December 2010, however, Satoshi Nakamoto suddenly stopped posting on a Bitcoin forum, seemingly dropping off the face of the earth. It is not surprising that the privacy-conscious cryptographer who created Bitcoin would want to preserve the mystery of his or her identity. …Read the full story
The release of Red is a big deal in itself. When the song was first released with the rest of the album Red in 2012, it wasn’t meant to be the highlight, and yet somehow that’s what it became. It also alludes to the reason the two broke up, which happens to be the difference […]
The cyclical nature of the Cop means that certain pillars of the framework that came out of the 2015 Paris Agreement will rise to the top of the agenda. Further work to be done on other pillar issues, such as transparency in accounting for climate change pledges and carbon-credit mechanisms, would complete the transformative process […]
He said it is “very important” that nations update their goals and send top leaders to the climate talks every year, at this point. “When you are on the verge of the abyss, it’s not important to discuss what will be your fourth or fifth step,” he said. Finance was mobilised behind the Glasgow Financial […]
Despite some saying gold has lost its lustre as a hedge against inflation, Egyptian billionaire Naguib Sawiris is bullish on the precious metal. “I’m still very bullish and it is a safe haven. He is also chairman of La Mancha Holding, which launched a $1.4bn investment fund this year to pursue investments in gold mining. […]
“Some of these species are recovering, slowly. Others are still threatened. They are classified on a sliding scale: from “fully recovered” through “slightly depleted”, “moderately depleted”, “largely depleted” and “critically depleted”. When all else has failed, the final listing is “extinct in the wild”. …Read the full story
Ether, the second-largest cryptocurrency, rose to a record as interest in so-called alt coins continues to surge. For most people, it makes sense just to start with the top two: Bitcoin and Ether. Unlike Bitcoin, where many of its core features like its supply cap are baked into the design, the Ethereum platform is evolving. […]
The pair alleged that he stole their idea to create Facebook and the case was settled in 2008, with the twins reportedly receiving $65 million in cash and Facebook shares. The Winklevoss twins first invested in Bitcoin through the Mt Gox exchange in Japan in 2012. You’re going to see the Fortune 100, 500, 1,000 […]
