Electricity Market Archives

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

Leave a Comment / Cryptocurrency news / By Benjamin Chadwick

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 …

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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, …

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Political Problems with Crude Oil: Crude Oil Geopolitics

Leave a Comment / Advanced Level Trading, Trading Education / By Dylan Ashton

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 …

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

1 Comment / Economy News / By Benjamin Chadwick

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 …

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China takes a detrimental stance on Bitcoin mining

Leave a Comment / Cryptocurrency news / By Penny Collins

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 …

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How does Bitcoin Mining works?

Leave a Comment / Advanced Level Trading, Trading Education / By Penny Collins

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 …

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Natural Gas Futures Almost Doubled

Leave a Comment / Commodity News / By Penny Collins

Significantly, Natural gas futures have almost doubled from the lows they reached in June, an impressive turnaround for a commodity that has essentially been regarded as oil’s less popular peer over the past few years. On Monday, October 12, Natural gas closed at $2.88 per million British thermals. The commodity was up 5.1% on the …

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EUR/USD, dollar, Emerging Economies and food prices

Emerging Economies are Struggling with the Rising Food Prices

Leave a Comment / Economy News / By Penny Collins

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 …

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