Moscow will not supply oil to those who introduce a price cap on Russian oil, says Russia;s Deputy Prime Minister ahead of the G7 meeting.
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Russia is considering a plan to buy as much as ;70 billion in yuan and other “friendly” currencies.
Why?
To slow the ruble’s surge.
Remember when the majority thought the temporary Ruble collapse was permanent?
Now… the world order is dramatically changing via bifurcation
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Why?
To slow the ruble’s surge.
Remember when the majority thought the temporary Ruble collapse was permanent?
Now… the world order is dramatically changing via bifurcation
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Contact : @LukaGrantTG
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JP Morgan warned back in early July that Oil prices could rocket to ;380 a barrel if Russia slashes production
Yes, ;380
Now G7 finance chiefs are moving ahead to discuss a Russian oil price cap
They better be smart about this because if oil did shoot up to ;380…
Chaos.
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Yes, ;380
Now G7 finance chiefs are moving ahead to discuss a Russian oil price cap
They better be smart about this because if oil did shoot up to ;380…
Chaos.
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Russia;s Gazprom completely halts natural gas supply via Nord Stream 1, says ;oil leakage; detected during maintenance.
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Countries around the world are bracing for energy rationing for the first time since World War II
Do you think countries won’t take care of national interests?
Ask Japan
The countries biggest city gas supplier just signed a deal with a Russian firm
This is going to end bad
By the way… the company that Japan;s biggest city gas supplier signed a new long-term natural gas contract with recently offered revised contracts to Asian clients:
Asking them to pay in currency other than US dollars.
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Do you think countries won’t take care of national interests?
Ask Japan
The countries biggest city gas supplier just signed a deal with a Russian firm
This is going to end bad
By the way… the company that Japan;s biggest city gas supplier signed a new long-term natural gas contract with recently offered revised contracts to Asian clients:
Asking them to pay in currency other than US dollars.
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Financial World Updates
Received real time updates about the Financial World
Contact : @LukaGrantTG
Contact : @LukaGrantTG
THE IMF IS EXPLORING A CENTRAL BANK DIGITAL CURRENCY CLEARING AND INTERNATIONAL SETTLEMENTS PLATFORM
Last year an IMF official said a world with more than one reserve currency is a more stable world.
Everything is falling into place.
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Last year an IMF official said a world with more than one reserve currency is a more stable world.
Everything is falling into place.
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Gen Z and millennials need ;3 million in retirement savings to live comfortably due to inflation, Wealthcare Financial reports.
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EU energy chief is urging China and India to support a price cap on Russian oil
Somebody tell her who has been buying all the Russian oil the past 6 months
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Somebody tell her who has been buying all the Russian oil the past 6 months
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FTX Will Pause Ethereum Trades for the ETH Merge
The first confirmation of zero downtime elicited mixed reactions from Ethereum developers, with many calling it a “disaster” and arguing that it was the FTX’s responsibility to maintain Ether (ETH) on all blockchains until the September upgrade was complete. FTX action of suspending Ether deposits and withdraws was to safeguard users from losing their assets during the high-risk fork. Ethereum developers designed the Merge for a smooth Proof-of-Stake (PoS) transition with zero downtime by considering the total terminal difficulty (TTD). This will ensure that the transition is based on the total mining power used to build up the blockchain.
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The first confirmation of zero downtime elicited mixed reactions from Ethereum developers, with many calling it a “disaster” and arguing that it was the FTX’s responsibility to maintain Ether (ETH) on all blockchains until the September upgrade was complete. FTX action of suspending Ether deposits and withdraws was to safeguard users from losing their assets during the high-risk fork. Ethereum developers designed the Merge for a smooth Proof-of-Stake (PoS) transition with zero downtime by considering the total terminal difficulty (TTD). This will ensure that the transition is based on the total mining power used to build up the blockchain.
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UK elects crypto-friendly Liz Truss as new prime minister
Liz Truss is set to become the United Kingdom’s next prime minister after winning the election to replace Boris Johnson as Conservative Party leader. It is quite possible that Ms. Truss’s response to the cost of living crisis, which she vowed to implement within days of assuming office, will define both her premiership and her prospects of earning a mandate of her own at the subsequent general election. Interestingly, those in the cryptocurrency space are interested in how Britain’s new prime minister will deal with cryptocurrencies. In 2018 she tweeted that ‘we need to accept cryptocurrencies’ in a manner that does not limit their potential and liberate free enterprise by eliminating rules that hinder prosperity.
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Liz Truss is set to become the United Kingdom’s next prime minister after winning the election to replace Boris Johnson as Conservative Party leader. It is quite possible that Ms. Truss’s response to the cost of living crisis, which she vowed to implement within days of assuming office, will define both her premiership and her prospects of earning a mandate of her own at the subsequent general election. Interestingly, those in the cryptocurrency space are interested in how Britain’s new prime minister will deal with cryptocurrencies. In 2018 she tweeted that ‘we need to accept cryptocurrencies’ in a manner that does not limit their potential and liberate free enterprise by eliminating rules that hinder prosperity.
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Payment firm Wise rules out crypto remittances support citing high costs
British-based fintech firm Wise British-based fintech firm Wise has ruled out the possibility of facilitating cross-border crypto remittance, citing high costs for now. The payments platform, however, noted that cryptocurrencies come with additional advantages like speeding up the money transfer process but stated that it’s avoiding the costs of exchanging money. In this line, Barreiro noted that Wise is also exploring the Latin America region for the crypto option while singling out the vibrant digital assets market in the area. At the moment, Wise only allows users to purchase cryptocurrencies using funds in their accounts.
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British-based fintech firm Wise British-based fintech firm Wise has ruled out the possibility of facilitating cross-border crypto remittance, citing high costs for now. The payments platform, however, noted that cryptocurrencies come with additional advantages like speeding up the money transfer process but stated that it’s avoiding the costs of exchanging money. In this line, Barreiro noted that Wise is also exploring the Latin America region for the crypto option while singling out the vibrant digital assets market in the area. At the moment, Wise only allows users to purchase cryptocurrencies using funds in their accounts.
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Russia to reportedly consider crypto use for international payments
Russia’s central bank has revealed that the country could re-consider using crypto for international payments, local news agency TASS reported on Sept. 5. According to the report, Russia’s Deputy Finance Minister Alexei Moiseev said the apex bank and the finance ministry could legalize crypto payments soon. Russia has faced increased scrutiny and sanctions from western countries over its Ukraine invasion. The sanctions birthed talks of the possibility of Russia using crypto to evade these sanctions, but stakeholders in the crypto industry have insisted that this is not possible.
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Russia’s central bank has revealed that the country could re-consider using crypto for international payments, local news agency TASS reported on Sept. 5. According to the report, Russia’s Deputy Finance Minister Alexei Moiseev said the apex bank and the finance ministry could legalize crypto payments soon. Russia has faced increased scrutiny and sanctions from western countries over its Ukraine invasion. The sanctions birthed talks of the possibility of Russia using crypto to evade these sanctions, but stakeholders in the crypto industry have insisted that this is not possible.
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Cardano Creator Calls Ethereum Classic Dead Project
A rare day goes by in the crypto space without feuds between Cardano;s head and founder Charles Hoskinson and people who oppose him. Today was no exception, when, in response to accusations of a miner tax for ETC miners, Hoskinson made some loud statements regarding the entire Ethereum Classic project. The crypto enthusiast, who was recently a member of the Board of the ETC Cooperative, said that what some perceived as a tax should have been a sustainable development fund Ethereum Classic.
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A rare day goes by in the crypto space without feuds between Cardano;s head and founder Charles Hoskinson and people who oppose him. Today was no exception, when, in response to accusations of a miner tax for ETC miners, Hoskinson made some loud statements regarding the entire Ethereum Classic project. The crypto enthusiast, who was recently a member of the Board of the ETC Cooperative, said that what some perceived as a tax should have been a sustainable development fund Ethereum Classic.
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Almost half of Shiba Inu’s initial circulating token supply has been burned
Since its launch in August 2020, Shiba Inu has been burned in a bid to cut its 1 quadrillion circulating supply. The milestone half way point is fast approaching. Since the start of September, 329.8 million Shiba Inu tokens have been burned, according to shiba-burn-tracker.com. Shiba Inu tokens are burned on multiple occasions daily to tackle the issue of oversupply. Over the last 30 days, the most significant daily burn totaled 455,699,414 SHIB on Aug. 31. Shiba Inu’s initial supply was just short of 1 quadrillion tokens, which hinders the ability of capital inflow to impact the token price positively. The Shiba Inu community has its sights set on a ;0.01 token price.
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Since its launch in August 2020, Shiba Inu has been burned in a bid to cut its 1 quadrillion circulating supply. The milestone half way point is fast approaching. Since the start of September, 329.8 million Shiba Inu tokens have been burned, according to shiba-burn-tracker.com. Shiba Inu tokens are burned on multiple occasions daily to tackle the issue of oversupply. Over the last 30 days, the most significant daily burn totaled 455,699,414 SHIB on Aug. 31. Shiba Inu’s initial supply was just short of 1 quadrillion tokens, which hinders the ability of capital inflow to impact the token price positively. The Shiba Inu community has its sights set on a ;0.01 token price.
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Bellatrix upgrade goes live, sets stage for Ethereum’s Merge
The Bellatrix hard fork has just been activate on the Beacon chain and now only the Paris event remains before Ethereum;s switch to proof-of-stake. The Bellatrix upgrade was activated at epoch 144896 on the Beacon Chain and is now live. The Paris upgrade is next, and once activated, it will complete the Ethereum network’s transition to the proof-of-stake system. Earlier in the day, Ethereum co-founder Vitalik Buterin announced on Twitter that the Merge will be triggered between Sept. 13 to Sept. 15. Each Ethereum node is run on two layers, the consensus layer (‘C layer’) and the proof-of-work (PoS) layer — currently the main network — which communicates via an Application Programming Interface.
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The Bellatrix hard fork has just been activate on the Beacon chain and now only the Paris event remains before Ethereum;s switch to proof-of-stake. The Bellatrix upgrade was activated at epoch 144896 on the Beacon Chain and is now live. The Paris upgrade is next, and once activated, it will complete the Ethereum network’s transition to the proof-of-stake system. Earlier in the day, Ethereum co-founder Vitalik Buterin announced on Twitter that the Merge will be triggered between Sept. 13 to Sept. 15. Each Ethereum node is run on two layers, the consensus layer (‘C layer’) and the proof-of-work (PoS) layer — currently the main network — which communicates via an Application Programming Interface.
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Bitcoin exchange inflows sink to multi-year lows
Exchange flow metrics are used to assess investor sentiment and behavior. Inflows into exchanges usually denote token holders cashing out profits. Whereas outflows typically relate to holders moving tokens off exchanges for long-term storage. Both inflows and outflows have tapered off significantly from November 2021 market highs. Exchange inflow and outflow show the total amount of Bitcoin transferred to and from exchange wallets in USD. The chart below shows that over a 30-day moving average, inflows have exceeded outflows consistently since mid-2017.
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Exchange flow metrics are used to assess investor sentiment and behavior. Inflows into exchanges usually denote token holders cashing out profits. Whereas outflows typically relate to holders moving tokens off exchanges for long-term storage. Both inflows and outflows have tapered off significantly from November 2021 market highs. Exchange inflow and outflow show the total amount of Bitcoin transferred to and from exchange wallets in USD. The chart below shows that over a 30-day moving average, inflows have exceeded outflows consistently since mid-2017.
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Bitcoin Crashes to 6-Week Lows as Crypto Markets Shed ;60 Billion
The crypto market cap saw ;60 billion gone daily as bitcoin slumped to a 6-week low while ETH plummeted by nearly 10%. Yesterday’s brief price pump was short-lived as bitcoin reversed its trajectory and slumped below ;19,000 to mark a multi-week low. The alternative coins, many of which registered impressive increases yesterday. Ever since bitcoin lost the coveted ;20,000 line at the end of last month, the asset had remained relatively quiet, with a few unsuccessful attempts to reclaim that level. The latest such example came yesterday when BTC pumped to a daily high of ;20,300.
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The crypto market cap saw ;60 billion gone daily as bitcoin slumped to a 6-week low while ETH plummeted by nearly 10%. Yesterday’s brief price pump was short-lived as bitcoin reversed its trajectory and slumped below ;19,000 to mark a multi-week low. The alternative coins, many of which registered impressive increases yesterday. Ever since bitcoin lost the coveted ;20,000 line at the end of last month, the asset had remained relatively quiet, with a few unsuccessful attempts to reclaim that level. The latest such example came yesterday when BTC pumped to a daily high of ;20,300.
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47% of Bitcoin holders remain in profit despite BTC’s 60% price drop in 2022
A significant share of Bitcoin (BTC) investors have recorded losses as the flagship cryptocurrency’s price continues to correct further below the crucial ;20,000 level. However, despite some investors nursing the pain of the ongoing crash, data indicates that a big share of holders are still in profit. September 7, 47% of Bitcoin holders remain in profit at the current price while the majority at 52% are in a loss. The number of holders in profit can be considered significant, considering Bitcoin has corrected by about 59.95% in 2022. At the same time, Bitcoin is trading almost 70% from all-time high value of almost ;68,000 in late 2021.
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A significant share of Bitcoin (BTC) investors have recorded losses as the flagship cryptocurrency’s price continues to correct further below the crucial ;20,000 level. However, despite some investors nursing the pain of the ongoing crash, data indicates that a big share of holders are still in profit. September 7, 47% of Bitcoin holders remain in profit at the current price while the majority at 52% are in a loss. The number of holders in profit can be considered significant, considering Bitcoin has corrected by about 59.95% in 2022. At the same time, Bitcoin is trading almost 70% from all-time high value of almost ;68,000 in late 2021.
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Core Scientific Sold Over 1,100 BTC in August for ;26 Million
US crypto miner Core Scientific produced 1,334 BTC in August and sold 1,125 BTC of that amount for around ;26 million. The Texas-based cryptocurrency mining firm – Core Scientific – produced 1,334 BTC in August and sold 1,125 BTC of that stash for approximately ;25.9 million. In June this year, when the crypto market and bitcoin particularly dipped to record lows in years, Core Scientific parted with over 7,000 BTC for around ;167 million. Production was also on a high level. Last month, Core Scientific mined 1,334 BTC thanks to the deployment of approximately 17,000 new servers. Additional 43,000 self-mining ASIC servers are expected to reinforce the company’s operations before the end of 2022.
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US crypto miner Core Scientific produced 1,334 BTC in August and sold 1,125 BTC of that amount for around ;26 million. The Texas-based cryptocurrency mining firm – Core Scientific – produced 1,334 BTC in August and sold 1,125 BTC of that stash for approximately ;25.9 million. In June this year, when the crypto market and bitcoin particularly dipped to record lows in years, Core Scientific parted with over 7,000 BTC for around ;167 million. Production was also on a high level. Last month, Core Scientific mined 1,334 BTC thanks to the deployment of approximately 17,000 new servers. Additional 43,000 self-mining ASIC servers are expected to reinforce the company’s operations before the end of 2022.
📌 Best Crypto News