International

Some investors back on Digital World merger with Trump’s media company

Some investors are backing away from Digital World Acquisition Corp’s plan to buy former U.S. President Donald Trump’s social media company Truth Social, the special purpose acquisition firm said on Friday. Digital World said it had received termination notices from holders of private investment in public equity (PIPE) ending commitments for almost $139 million of …

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Brent oil falls 2.84% to $96.50

The price of a barrel of Brent oil for delivery in October ended this Wednesday in the London futures market at 96.50 dollars, 2.84% less than at the end of the previous session. North Sea crude, a benchmark in Europe, ended the day on the International Exchange Futures down $2.82 from the last trade, when it closed …

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The United Kingdom and the United States talk about limiting the price of Russian oil to reduce energy prices

U.S. Treasury Secretary Janet Yellen and British Finance Minister Nadhim Zahawi met on Wednesday and discussed efforts to set a price cap for Russian oil with the in order to reduce world energy values ​​and restrict Moscow’s income. According to a US Treasury Department report on the meeting, the officials also discussed supporting Ukraine’s economic assistance needs stemming …

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Texas oil falls 2.3% and closes at $89.55 a barrel

The price of Texas intermediate oil (WTI) closed in negative again this Wednesday, with a drop of 2.3%, to 89.55 dollars a barrel, which adds to yesterday’s sharp drop of 5.5% on fears of a possible global recession affecting demand. At the end of operations on the New York Mercantile Exchange (Nymex), the WTI futures contracts for …

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Judge rules Arizona can enforce near-total abortion ban

An Arizona judge ruled on Friday that a 1901 ban against nearly all abortions in the state can be enforced after being blocked for some 50 years, a decision that drew immediate criticism from activists. of abortion rights and the Democrats, which will probably be appealed. Pima County Superior Court Judge Kellie Johnson granted the …

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Wind energy added 843 MW in 2021 and already reaches 28,140 MW in Spain

Wind energy reached 28,140 megawatts (MW) of installed capacity in Spanish territory in 2021, after adding an additional 843 MW during the last year, which maintains Spain as the second European country with the highest installed wind power and the fifth in the world. According to the annual report of the Wind Energy Business Association …

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Venezuela seeks to negotiate gas abroad in alliance with ENI and Repsol

The Venezuelan Oil Minister , Tareck el Aissami, assured this Wednesday that his State portfolio, which he leads, is evaluating business opportunities in the field of gas through an alliance with the Italian energy company ENI ( BIT: ENI ) and Spain’s Repsol (BME: REP ). “We are, jointly, seeing the business opportunities that gas has now, and how we can take advantage …

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Yen soars after Japan’s first FX intervention since 1998

The yen soared on Thursday after Japanese monetary authorities intervened in the foreign exchange market for the first time since 1998 to boost the ailing currency, though analysts said Japan may have Difficulties in maintaining strength for a long time. * The dollar fell to 140.31 yen after the intervention and later fell 1.5% to …

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Aluminum rebounds on dollar weakness and hopes about Chinese demand

Aluminum prices snapped a four-day losing streak on Thursday, buoyed by a weaker dollar and optimism that stimulus measures will boost demand in China, the world’s top metals consumer. * At 1600 GMT, three-month aluminum on the London Metal Exchange (LME) gained 1.2% to $2,228 a tonne, after hitting 18-month lows in the previous session. * …

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Bermuda residents take shelter from Fiona’s gale-force winds

 Bermuda residents boarded up their windows and stocked up on groceries and batteries for flashlights on Thursday shortly before Hurricane Fiona hit, after the storm killed several people and left thousands homeless. electricity in Puerto Rico and the Dominican Republic. Scott Barnes, who fishes for mahi-mahi and tuna, was adding three or four anchors to …

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Facebook whistleblower launches organization to attack social media harm

Facebook (NASDAQ: META ) whistleblower Frances Haugen announced on Thursday that she is creating a non-profit organization that will seek solutions to the harm created by social media. The former product manager at Facebook, now called Meta Platforms, made headlines last year after coming to light as the source of thousands of leaked internal documents she said …

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Germany must use fiscal policy to support economy: Habeck

Germany must make full use of its fiscal policy to preserve the economy and sustain investment by business and industry, Economy Minister Robert Habeck said on Thursday. Habeck said the ability of German business and industry to invest was a bit of a concern given high energy prices, adding that being forced to substitute Russian …

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Gas potential from the Black Sea is huge, but it is necessary to regulate it for its development: producers

The potential for new gas discoveries in the Romanian part of the Black Sea is huge, but the government needs to improve regulation to speed up its development, the country’s top producers said on Thursday. Producers like OMV (VIE: OMVV ) Petrom, majority-controlled by Austria’s OMV, have spent 15 years and billions of dollars preparing to exploit …

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Finland says traffic ‘has intensified’ at Russian border

Traffic reaching Finland’s eastern border with Russia “intensified” overnight after Russian President Vladimir Putin ordered a partial military mobilization and remained high on Thursday, but it was under control, the Finnish Border Guard said. At the Vaalimaa border crossing, about a three-hour drive from Russia’s second-largest city, Saint Petersburg, three lanes of cars stretched 300-400 …

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Countries seek alternatives to EU carbon market fundraising scheme

European Union countries are seeking alternatives to the bloc’s plan to use a carbon market reserve to help finance their exit from Russian gas, as some fear the proposal would undermine the main policy of climate change in the bloc. As part of its goal of ending Europe’s dependence on Russian gas within this decade, …

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Corn harvest in drought-affected France is 26% complete

French farmers harvested 26% of this year’s grain maize crop as of September 19, down from 14% a week earlier, agricultural office FranceAgriMer reported on Friday. This figure compares with the 1% progress of the harvest in the same week last year. Harvest was brought forward at the end of August after an exceptionally hot and dry summer …

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Ukraine starts 2022 corn harvest, says Ministry of Agriculture

Ukrainian farmers have started the 2022 maize harvest , threshing 92,200 tonnes of the grain on 0.5% of the sown area, the Agriculture Ministry said on Friday, noting that the yield was stood at 4.41 tons per hectare. The ministry has said Ukraine could harvest 25-27m tonnes of corn this year, down from 42.1m tonnes in 2021, …

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Sovecon raises its wheat harvest forecast in Russia

Consulting firm Sovecon on Thursday raised its forecast for Russia’s 2022 wheat harvest to 100 million tonnes from 94.7 million tonnes, on high spring wheat yields. Russia is the world’s largest wheat exporter, supplying the grain primarily to the Middle East and Africa. Spring wheat usually accounts for 30% of the country’s total harvest. “The Russian wheat harvest …

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World Bank’s Malpass says he’s not a climate change denier

World Bank President David Malpass said on Thursday he is not a climate change denier and defended his climate change record as head of the bank, after facing calls to resign for refusing to say if you accept the scientific consensus on global warming. At a climate event in New York on Tuesday, Malpass was …

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Japan is ready to act again in the forex market if necessary: ​​Kishida

Japan will closely monitor currency market movements and act resolutely against excessive fluctuations, Prime Minister Fumio Kishida said on Thursday, suggesting the government may act again after buying yen for the first time. time since 1998. Japan intervened in the foreign exchange market to buy yen in an attempt to prop up the ailing currency …

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Consultant revises upwards the production of sugarcane in Brazil in the 2022/23 season

Brazil’s central-southern region is expected to process more cane and produce more sugar than initially expected, due to more favorable weather conditions and a higher concentration of mills in production. of the sweetener, according to an article published Thursday. According to revised projections by consulting firm Job Economia, Brazil’s main sugar belt will crush 566m tonnes of …

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Gold futures rose during the Asian session

Gold futures were higher during the Asian session on Friday. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were trading at US$1.00 a troy ounce. At the time of writing this report they are up 0.05%. It early reached a session high for dollars per troy ounce. Gold …

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Gold futures fell during the Asian session

Gold futures were lower during the Asian session on Thursday. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were trading at US$1.00 a troy ounce. At the time of writing this report they are falling by 0.63%. It early reached a session low for dollars per troy ounce. …

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Crude oil futures rose during the Asian session

Crude oil futures were higher during the Asian session on Friday. On the New York Mercantile Exchange, crude oil futures for October delivery were trading at US$88.03 a barrel. At the time of writing this report they are up 1.64%. It reached an early session high for dollars a barrel. Crude is likely to find …

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Iran says it has sent “constructive” response on nuclear deal; USA disagrees

Iran has sent a “constructive” response to U.S. proposals aimed at reviving Tehran’s 2015 nuclear deal with world powers, Iran’s foreign ministry said, prompting some less positive comments from the United States. “The text sent (by Iran) has a constructive approach aimed at completing the negotiations,” Foreign Ministry spokesman Nasser Kanaani said on Friday, according …

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Norwegian oil company Equinor completes its exit from Russia

The Norwegian energy group Equinor reported this Friday that it has completed its exit from the Russian market with its departure from the Kharyaga project, a small field in the Arctic. Equinor had announced on February 28 that it would stop all its investments in Russia and abandon its joint ventures in that country due …

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Raquel Sánchez is open to Spain also extending the reduction in gasoline

The Minister of Transport, Mobility and Urban Agenda, Raquel Sánchez, has commented on the reduction in the price of fuel in France subsidized with public money that the Government “is always open to rethinking” the measures of savings and “does not rule out” expanding or extending them. Raquel Sánchez explained this Thursday in an interview …

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Spain will reduce VAT on gas to 5% from October: Prime Minister

The Spanish government will reduce the value added tax (VAT) on gas to 5% from 21% from October to reduce the impact of the rise in international prices on electricity bills. , said the President of the Government, Pedro Sánchez, on Thursday. “It is reasonable that we also try to reduce the heating bill of …

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Texas oil opens 2.01% lower to $87.67

The price of Texas intermediate oil (WTI) opened this Thursday with a new drop, in this case 2.01%, standing at 87.67 dollars a barrel after two days in a row of declines that have put it back below the barrier of 90 dollars. As of 0930 New York local time (1300 GMT), WTI futures contracts …

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Gold Rebounds as Russian Threat Leads to Search for Safe Assets

Gold rose on Wednesday after Russian President Vladimir Putin’s partial mobilization announcement reignited interest in bullion as a safe haven, offsetting pressure from a strong dollar and expected interest rate hikes. interest in the United States. * Spot gold was up 0.25 at $1,667.2 an ounce by 1607 GMT. US gold futures were up 0.25% at $1,675.2. …

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Bangladesh decides to buy wheat from Russia and will seek to import oil

The Government of Bangladesh approved on Wednesday the purchase of 500,000 tons of wheat from Russia for some 210 million dollars, in the first significant trade between the two countries after the invasion of Ukraine, while It is proposed to import Russian oil among a series of energy austerity measures. The Asian nation will disburse about 430 dollars per …

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Maroil takes over the marketing of almost all of Venezuela’s petroleum coke

HOUSTON/CHENNAI, Sept 21 (Reuters) – Maroil Trading, owned by shipping tycoon Wilmer Ruperti, has taken control of the marketing of nearly all of Venezuela’s petcoke exports, a move that could reduce sanctions risks for customers. , according to documents and four sources close to the decision. The Geneva-based company has boosted exports and expanded its client portfolio …

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China Evergrande studies the transfer of assets to its real estate unit to pay its debt

China Evergrande (HK: 3333 ) Group said on Wednesday it is looking into transferring assets to its real estate unit to pay off some of the unit’s debt payments. In July, the company revealed that loans guaranteed by Evergrande Property Services had been diverted to the parent group, prompting the resignation of Evergrande Group’s CEO and chief financial officer. …

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All IAG airlines will have benefits this year, according to its CEO

All airlines owned by International Airlines Consolidated Group will end this year with profits, CEO Luis Gallego said on Wednesday. IAG (BME: ICAG ), which owns British Airways, Iberia, Vueling and Aer Lingus, among others, had previously said it expected to return to profit as a whole after a two-year crisis caused by the COVID-19 pandemic, without …

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The EU studies caps on energy prices and options to reduce electricity demand

The European Commission is examining options to cap energy prices and reduce electricity demand as part of its forthcoming proposals to tackle rising energy costs, a top charge of the European Commission. “Emergency measures on electricity prices are being worked on. There could also be something on reducing electricity demand,” Mechthild Wörsdörfer, deputy director general …

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Fuel consumption falls by 4.5% year-on-year in July

The consumption of automotive fuels fell by 4.5% in July compared to the same month of the previous year, to 2.46 million tons, and was 8.6% lower than in July 2019 (before the pandemic), although it increased slightly, 0.2%, compared to June 2022. According to data published this Thursday by the Strategic Reserves of Petroleum …

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Experts warn of Russia’s order to gas: ‘Winter is coming’

September kicks off with markets weighing on tensions with Russia over energy prices. “Europe is facing high natural gas prices and potential shortages as supplies from Russia dwindle,” warns Emma Stevenson, investment writer at Schroders (LON: SDR ). Natural gas prices in Europe have multiplied by 12 since a year ago, after Russia reduced its …

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Argentina’s Vaca Muerta energy reserve records activity record

Vaca Muerta, the gigantic formation of unconventional hydrocarbons in Argentina, achieved record levels of activity last August, industry sources reported Thursday. The number of fracture stages – a technical way of measuring activity in unconventional reservoirs – was 1,379 last month in Vaca Muerta, according to data compiled by Luciano Fucello, manager in Argentina of …

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Argentina seals a key agreement with Petronas for Vaca Muerta gas

The Malaysian oil company Petronas and Argentina’s YPF (BA: YPFD ) signed an agreement on Thursday with a view to investing 10,000 million dollars to build a gas liquefaction plant in Argentina, a key work for the development of the colossal Vaca Muerta unconventional hydrocarbon formation. “Today we are making a sovereign decision, deepening the …

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A dazzling pink diamond could fetch more than $21 million at auction

A dazzling pink diamond, described as one of the world’s purest, could top $21 million when it goes on sale in Hong Kong in October, Sotheby’s auction house said on Wednesday. At 11.15 carats, the cushion-shaped gem is named the “Williamson Pink Star,” after two other pink diamonds. One is the “CTF Pink Star,” a …

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Cuba will suffer a 36% electricity generation deficit this Thursday

The energy deficit will exceed 36% of the maximum generation capacity this Thursday in Cuba, reported the state-owned Electric Union (UNE). The energy crisis that the country has suffered for months has been aggravated in recent days by the strike due to technical problems at the Antonio Guiteras thermoelectric plant, one of the largest. The …

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IAEA’s Grossi says experts will stay at Ukrainian NPP

The head of the International Atomic Energy Agency, Rafael Grossi, visited Ukraine’s Russian-occupied Zaporizhia nuclear power plant on Thursday, saying experts would maintain their presence at the facility. Grossi, who visited the plant for several hours, also said he would remain concerned until the situation in Zaporizhia stabilizes. Both Russia and Ukraine say they fear …

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Germany will spend the boreal winter, even without Russian gas: Scholz

Chancellor Olaf Scholz said on Thursday that Germany will get through the boreal winter without suffering a crisis, even if Russian gas supplies are interrupted, adding that the country could draw on its gas reserves and obtain more supplies from Norway or the Netherlands. The government has taken precautionary measures against such a crisis from …

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Ukraine works to reactivate reactor of occupied nuclear plant, according to Energoatom director

The long-awaited visit of UN experts to the Russian-occupied Zaporizhia nuclear power plant would be a success if it led to the “demilitarization” of the facility, director of the Ukrainian state nuclear enterprise. Energoatom chief Petro Kotin told Reuters at a Ukrainian-controlled checkpoint on the way to the plant, saying Ukrainian authorities were making “every …

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Jack Dorsey testifies today in lawsuit over Musk-Twitter legal battle

The co-founder of Twitter Inc. (NYSE: TWTR ) Jack Dorsey will be questioned under oath Tuesday by company attorneys and Elon Musk, via Zoom, Bloomberg reports, citing a deposition notice filed Monday night. What you should know For those who are not aware, Musk and Twitter have been fighting a legal battle after the decision of the CEO of Tesla …

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Germany will buy Fortum’s stake in Uniper and inject 8,000 million euros

Germany is ready to buy Fortum ‘s (HE: FORTUM ) 78% stake in Uniper (ETR: UN01 ) and inject another 8 billion euros ($8 billion) into the group. as part of the nationalization of the gas importer, the company said on Tuesday. Uniper, Germany’s biggest importer of Russian gas, depleted its cash reserves by sourcing gas on the spot market after …

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EU soybean imports in 2022/23 to September 18 fall to 2.50 million tons

European Union soybean imports in the 2022/23 campaign that started on July 1 totaled 2.5 million tonnes as of September 18, the European Commission said on Tuesday, down from 2.92 million tons in the same week of the previous campaign. However, the Commission said that figures as of that date may be incomplete. EU rapeseed imports rose …

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‘Star Wars’ series ‘Andor’ peeks into daily life under the Empire

The new “Star Wars” television series “Andor” promises an inside look at the people who eventually become heroes in the ongoing battle in a galaxy far, far away. distant. “Andor,” which premieres on the Disney+ streaming service Wednesday, is a prequel to the 2016 hit movie “Rogue One: A Star Wars Story.” The main character is …

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Crude Prices Add to Sell-Off on Fed Rate Hike Expectations

Oil prices fell along with European and U.S. stocks on Tuesday and were headed for a fourth monthly decline, on the specter of an economic slowdown and subsequent drop in fuel demand as a result of the expected rise in interest rates in the United States. * Brent crude futures for November delivery were down $1.18, or …

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“Active coverage is essential to protect bullish positions”

For Berenberg, investors are facing a new era because “the era of liquidity is over, at least for now.” According to his analysis, stock markets have benefited since the 2008-2009 financial crisis from all the measures taken by the Federal Reserve (Fed) and the European Central Bank (ECB) to increase liquidity and stimulate the economy. …

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Arcano hires Gutiérrez-Mellado (BlackRock) as director of institutional sales

where he was responsible for institutional business and alternative investments for Iberia. With the incorporation of him, the firm reinforces its investor relations team of the entity and which is led by Pedro Hamparzoumian. “The incorporation of Manuel to the investor and institutional client relations team represents an important step in Arcano Partners’ growth strategy …

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Election advances against immigration divide Sweden and concern rights groups

The rise to royal power of populist, anti-immigration Swedish Democrats following Sunday’s election has civil rights groups and many immigrants concerned about what the future may hold for a country long known for its tolerance and openness. Social Democrat Prime Minister Magdalena Andersson resigned on Thursday, leaving Moderate Party leader Ulf Kristersson now to try …

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Australian fish fossils get to the heart of vertebrate evolution

Australian scientists have unearthed fossilized hearts and other internal organs from ancient armored fish, a discovery that sheds light on the evolution of the bodies of vertebrates, including humans. Researchers on Thursday described the heart of fish called placoderms that inhabited a tropical reef about 380 million years ago, during the Devonian period. The fossils …

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Olympiacos of Greece confirms arrival of Colombian James Rodríguez

Colombian international James Rodríguez will play for Greece’s Olympiacos, the club announced on Thursday, where the midfielder will seek to recover his footballing level to return to his country’s national team. “Olympiacos FC announces the signing of another world soccer ace, James Rodriguez,” said a club statement without revealing details of the duration of the …

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What’s next for Bitcoin and the cryptocurrency market now that the Ethereum Merge is over?

Ethereum meltdown has come and gone, leaving investors pondering what the next market trend might be. In a Cointelegraph Twitter (NYSE: TWTR ) space with Capriole founder Charles Edwards, the analyst mentioned that the excitement over the Ethereum merger and its bullish price action had kept the market hopeful. Now that the event has come and gone, the cryptocurrency market …

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The flopping? Ethereum price weakens after The Merge and is at risk of falling 55% against Bitcoin

Ethereum native token Ether (ETH) has been forming an inverse cup and handle pattern since May 2021 on the weekly chart, hinting at a possible decline against Bitcoin ( BTC ). Weekly candlestick chart of the ETH/BTC pair with the breakout of the reverse cup and handle setup. Source: TradingVieWA reverse cup and handle is a bearish reversal pattern, accompanied by lower trading …

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Data questions the “thesis” of the correlation of DXY with the rises and falls of Bitcoin

Currently, there seems to be a widespread assumption that when the value of the US dollar rises against other major world currencies, as measured by the DXY index , the impact on Bitcoin ( BTC ) is negative. Traders and insiders have been warning about this inverse correlation, and how the eventual reversal of the move would likely drive Bitcoin price …

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A national wallet called Alke will be launched in Nigeria to facilitate international trade of local artists

The Blockchain initiative, announced by the Nigerian government, to launch a national wallet to facilitate and enhance the international marketing of local artists, continues to add strategic allies. The launch announced in May, which already has the participation of Koibanx in terms of asset tokenization; and from Algorand, the Blockchain on which it will be built, incorporates …

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The BDZ Blockchain Expo and DeFi Congress will be held in Zaragoza, Spain

cryptoeconomics, the metaverse, NFTs and decentralized finance will take on a special role during the month of October, in Spain, in the Aragonese capital. BDZ, Blockhain Expo and DeFi Congress, will take place between October 26 and 27 at the Palacio de Congresos de Zaragoza, a European event dedicated to Blockchain, Web3 and decentralized finance. This was …

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Influential celebrities who joined the cryptocurrency club in the last year

The inclusive cryptocurrency ecosystem has become home to numerous A-list celebrities over the years – primarily fueled by the non-fungible token (NFT) hype of 2021. However, despite the prolonged market bearish and the obvious fall in cryptocurrency prices, celebrities continue to support the cryptocurrency market. In the past year, celebrities have begun to explore sub-ecosystems …

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New iPhones contain a Qualcomm chip that can communicate with satellites

 iPhone 14 models contain a Qualcomm Inc (NASDAQ: QCOM ) chip that can communicate with satellites, but have more custom-designed Apple Inc (NASDAQ: AAPL ) components used in the biggest new iPhones . of the phone, according to an analysis of the phone by iFixit and a company statement. Apple launched its iPhone 14 lineup on Friday. One of the main innovations is …

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