In a new report published by CoinShares on Monday, the firm estimated that the Bitcoin (BTC) mining network emitted 42 megatons, or Mt, (1Mt = 1 million tons) of carbon dioxide, or CO2, in 2021. In context, the number amounts to less than 0.08% of the world’s total emissions of 49,360 Mts of CO2 in
Month: January 2022
USDJPY moves down to test a lower swing area. The USDJPY moved up in the early Asian session and in the process moved up toward a swing area between 115.61 at 115.67 (see red numbered circles). That area was an old floor going back to early January. On January 10, the price broke below that
The major European indices are ending the day mostly higher. The exception is the UK FTSE 100 is the struggles through the implications of the Susan Gray report on the Covid parties at No. 10. German DAX, +1% France’s CAC, +0.5% UK’s FTSE 100, -0.05% Spain’s Ibex, unchanged Italy’s FTSE MIB +0.95% In the European
Gold price in the national capital on Monday declined marginally by Rs 5 to Rs 47,507 per 10 grams in line with weak international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,512 per 10 grams. Silver also dipped by Rs 27 to
In this article WCLD NOW Bill McDermott, CEO of ServiceNow. Adam Jeffery | CNBC Maybe cloud investors just needed a little reassurance. Following a brutal stretch that’s seen one cloud computing index tumble 38% from an all-time high in November, two key members of the group — ServiceNow and Qualtrics — delivered optimistic numbers on
GBP/USD bulls are moving in for an attack on critical resistance. The US dollar is weak and the pound is benefitting from BoE sentiment. At 1.3448, GBP/USD is firming in mid-day New York trade and moves in towards the highs of Monday near 1.3455. The US dollar has come under further pressure in recent trade and
The markets are generally steady in Asian session. Dollar is paring some recent gains while Yen and Swiss Franc soften. Trading in Asia would likely be subdue for the next few days on Lunar New Year holidays. But volatility is anticipated in the week as a whole considering the massive amount of key events featured,
USDCAD returns to the high from yesterday The USDCAD has been up 4 of 5 days this week. The low was made on Monday at 1.2553, and that level was tested again ahead of the Bank of Canada decision on Wednesday when the low reached 1.2558 (just 5 pips from the low). The BOC kept
Morning All: It is I, PiQ, back again to cover for the awesome Justin today and tomorrow. The early look at European futures point to sizeable gains for the major bourses, this follows a stellar performance in the Asian tech sector. As a reminder, it is Lunar New Year, and as such, the vast majority
NEW DELHI: Gold prices were flat on Monday, bucking the weak trend in the international market. Yellow metal was set for their biggest monthly drop since last September. Gold remained under pressure as the US dollar strengthened ahead of key central bank meetings, making bullion more expensive for holders of other currencies. Gold futures on
Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany. Krisztian Bocsi | Bloomberg | Getty Images LONDON — Deutsche Bank on Thursday defied market expectations to post a profit for the fourth quarter of 2021, as investment bank revenues rose. The German lender said profit attributable to shareholders came in at 145 million
A combination of factors prompted some selling around USD/CAD on Monday. Bullish oil prices underpinned the loonie and acted as a tailwind for the major. A positive risk tone prompted USD profit-taking and added to the selling bias. The USD/CAD pair extended its steady intraday descent and dropped to a fresh daily low, around the
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Bitcoin’s (BTC) relief rally rose above $38,500 on Jan. 29, but the bulls are struggling to sustain the higher levels. For the past few days, Bitcoin’s sentiment has closely followed the U.S. equity markets. Hence, analysts warned traders to be careful and not to read much into any possible weekend rallies when traditional markets are
AUDUSD moves below the 2021 low The AUDUSD fell to a new low going back to July 2020. In the process, the price fell below the 2021 low at 0.6992. The low price reached 0.69669 and stayed below that level for around three hours before rebounding back above. The last 5 hourly bars has seen
China’s official manufacturing PMI slipped to 50.1 vs 50.3 in January, a number highlighting only the slightest bit of growth. The private survey from Caixin was worse falling to 49.1 from 50.9. The Caixin reading is the lowest since the dawn of the pandemic: China is struggling with rising covid cases in a number of
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