Electricity Market

The price of Bitcoin

The meaning of Elon Musk’s bitcoin U-turn for Crypto future

The relationship between Tesla and cryptocurrencies has been changeable. The electric vehicle manufacturer announced in February that it bought US$1.5 billion worth of bitcoin. The company also announced that it planned to accept cryptocurrency in the future for purchases. From that day, the price surged from US$39,000 to US$47,000. The price continued to surge in April that was …

The meaning of Elon Musk’s bitcoin U-turn for Crypto future Read More »

The Barstool Sports founder returns to BTC

Bitcoin Falls Below $50K as Market Sell-Off Continues 50K-Off

Bitcoin falls beneath the $50,000 as the support line is hitting its lowest point in 48 days. The price of the bitcoin fell from $54,900 to $51,500 on Thursday. According to Bitstamp exchange data, it happened before the markets experienced another sell-off to $48,300. According to CoinDesk’s bitcoin price page, prices are currently around $49,200, …

Bitcoin Falls Below $50K as Market Sell-Off Continues 50K-Off Read More »

political problems with crude oil

Political Problems with Crude Oil: Crude Oil Geopolitics

Crude oil is not a light political issue; otherwise, it would’ve been solved a long time ago. The main thing here is the realization that we are transitioning rapidly from fossil fuels to low-carbon electricity and renewables. This progress is excellent for our planet. Still, politics and big companies don’t like it. What’s also debatable …

Political Problems with Crude Oil: Crude Oil Geopolitics Read More »

Texas

Texas Power Grid Cuts Off Firms with Unpaid Bills; CEO Fired

On Wednesday, Texas’ power grid operator named 12 energy companies and two municipal utilities that failed to pay their bills. That was for power and services in February. Last month’s deadly blackout has led to the ouster of the operator’s chief executive. During the storm, the companies and utilities owe $2.21 billion for power and …

Texas Power Grid Cuts Off Firms with Unpaid Bills; CEO Fired Read More »

bitcoin

China takes a detrimental stance on Bitcoin mining

The Inner Mongolia Development and Reform Commission released a government draft that seriously affects Bitcoin and cryptocurrency mining. It states that all these projects must be closed in the region by the end of April. The policy comes after the National Development and Reform Commission (NDRC), China’s top economic planner. NDRC said that Inner Mongolia …

China takes a detrimental stance on Bitcoin mining Read More »

bitcoin mining

How does Bitcoin Mining works?

Bitcoin, the largest cryptocurrency in the world, is a sovereign system of digital money. It has no direct correlation to any real-world currency and is not controlled by any government or centralized entity. However, people can use it to buy real-world items at major retailers such as Overstock.com and Expedia. The miner who correctly solves …

How does Bitcoin Mining works? Read More »

EUR/USD, dollar, Emerging Economies and food prices

Emerging Economies are Struggling with the Rising Food Prices

The global downturn has taken a toll on emerging-market currencies as investors avoid economies seen as weak. This toll has increased the price of imported products and launched domestic prices upward. This leaves central banks with a dilemma: Lowering rates to stimulate the economy risks quickening inflation, causing more pain on customers, but increasing rates …

Emerging Economies are Struggling with the Rising Food Prices Read More »

Subscribe to Our Newsletters

Have The Best Of Trade Market News Delivered Directly To Your
Mailbox. Subscribe To Receive The Latest Market News.