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- April 19, 2024
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Bitcoin Plunges Below $60,000: Pre-Halving Price Turmoil
The Impending Bitcoin Halving and Market Response
The highly anticipated Bitcoin halving is just around the corner, yet the leading cryptocurrency’s price is displaying signs of weakness ahead of this significant event. Bitcoin’s value dropped below $60,000 late Thursday, marking its first dip below this threshold since late February, with a low of $59,573 on Coinbase.
This recent decline extends Bitcoin’s ongoing downward trend, resulting in a weekly decrease of nearly 14%. Since reaching an all-time high of $73,737 a month ago, Bitcoin has now fallen by 18%.
Market Response and Geopolitical Factors
Following the sudden drop, Bitcoin’s price has slightly recovered to $60,945. Despite this, it remains down by over 1% in the past day, plummeting from over $63,000 to below $60,000 within a short span of two hours.
Thursday’s price slide coincides with escalating geopolitical tensions, with reports of explosions near an Iranian military base. According to sources, Israel has reportedly launched strikes against Iran, adding to the geopolitical uncertainty.
Recent events in the Middle East, including missile and drone attacks between Iran and Israel, have contributed to market volatility. Last weekend’s turmoil also led to a drop in cryptocurrency prices.
Force Majeure Notice To Pakistan By Chinese Company…
Almost two weeks after the terrorist attack on Chinese engineers in Shangla, the Chinese company working on the Dasu Hydropower Project has issued a ‘force majeure’ notice to Pakistan.
This notice is a big blow for Pakistan.
A force majeure notice is usually issued after a natural disaster and means that an event has occurred that was beyond the control of the contracting parties and has resulted in the work not being completed or not being completed on time. The party concerned cannot be held responsible.
On March 26, a suicide bomber rammed a convoy of Chinese engineers traveling from Islamabad to Dasu, killing five Chinese engineers and their Pakistani driver.
The Chinese Foreign Ministry demanded a comprehensive investigation from Pakistan and punishment of those responsible for the attack, besides ensuring the security of Chinese citizens.
The Chinese company is laying a 765 kV transmission line. Sources say the project is already behind the World Bank deadline and the new notice may increase its cost.
Following the Chinese company’s notice, Daso’s chief engineer has sought guidance from NTDC’s chief law officer.
He said that the Chinese company says that the work has been affected after the attack,
GRAPHITE SECTOR Madagascar Holds 8% Of The World…
For the moment, Madagascar remains in second place in graphite production in Africa, behind Mozambique.
The reserve of graphite in the Malagasy subsoil is estimated at 26 million tonnes. A potential, the majority of which is still waiting to be exploited.
An opening in the hallway. The current situation and the quantity of graphite production in the country could put the Big Island back in first place in the production of this mineral in Africa. The country’s bowels contain nearly 8% of the world’s graphite reserves, an amount that has allowed it to rank in the world’s top 10.
Economic tensions and the investment war in Africa between the United States and China, the world’s leading producer of this ore, could benefit Malagasy graphite. At the start of the year, China limited its exports for reasons of “national security”, penalizing several countries which obtain their supplies from this giant. The latter could then turn towards African countries.
With the energy transition and the evolution of the metallurgical industry as well as technology, geologists, financial giants and mining companies are now turning to graphite, thus maintaining demand. The country is full of this mineral, the Big Island,
Fastex, Ucraft And Hoory Sponsored The DDF2024 Conference…
During the recent DDF 2024 annual international conference, the Fastex ecosystem, the Ucraft company and the Hoory AI assistant received special awards set by the conference organizers. In particular, the Fastex web3 ecosystem was recognized as the best in the context of the innovative use of blockchain. The ecosystem has more than 250,000 users and more than 500 partners worldwide, helping to increase ownership of transactional data between businesses and users.
“I am very happy that Fastex has joined this year as a blockchain partner, as well as Ucraft from the ecosystem as a technology partner. I attach great importance to the participation of Hoory, because we will talk a lot about artificial intelligence, especially today it was discussed a lot that yes, of course, the language of artificial intelligence is English, but we, as a country that has its own digitalization agenda, must also have artificial intelligence. which speaks, understands and offers solutions in our native language”, said the founder of DDF 2024 conference, co-founder of SPRING PR company Tatevik Simonyan։
Ucraft, a partner of Fastex, founded in 2014, was also recognized as the best in creating web design trends. Trusted by 360,000 active users worldwide,
Samsung Increases Working Hours To 6 Days
#Samsung #increases #working #hours #days
While we are aware of efforts to reduce working days to four, Samsung decided to increase working hours to six days, after knowing the results for the 2023 fiscal year.
According to the The Korea Economic Daily, Samsung is increasing working hours, after annual results for 2023 were worse than expected. The measure, however, will not affect all employees.
The changes that the South Korean company is implementing will, above all, affect the company’s executives. This will force senior management in several of its divisions to work six days a week, instead of the five days stipulated until now.
Considering that the performance of our main units, including Electronics Co., fell short of expectations in 2023, we are introducing the six-day work week for executives to inject a sense of crisis and make every effort to overcome it. there.
Said a company executive.
Managers at Samsung Display Co., Electro-Mechanics Co. and SDS Co. will adopt six working days this week, meaning they will work on Saturday or Sunday.
Samsung Life Insurance Co. and other Samsung Group financial services companies will, predictably,
Understanding Business Interruption Insurance: Coverage, Benefits, And Protection
It intervenes if businesses are hit hard. When an unexpected event occurs, such as a fire, your operations will be suspended, especially during a period of repair or reconstruction. The warranty will help you maintain your turnover by covering your costs at this difficult time. How does business bankruptcy insurance work?
The operating loss compensates the company based on the financial losses recorded after a disaster covered by the contract. If your property is insured, fixed costs such as rent and salaries continue to accrue. You can also decide to incur other costs (temporary rental of a building or equipment) to limit the impact of the event. The guarantee then compensates for this interruption in work, and therefore income, while the company gets back on its feet.
Here is a list of risks that may be covered by business interruption insurance:
– Fires and electrical damage,
– Water damage. break the glass,
– Storms and fog,
– Theft and acts of vandalism, etc.
Protect yourself from the financial consequences of a business interruption caused by a disaster
Business insolvency insurance preserves the financial stability of your business in the event of a problem.
Schneider Electric Confirms Negotiations With Bentley Systems
by Verità&Affari editorial team
Schneider Electric, a French multinational active in the automation and energy management sectors, has confirmed that it has started negotiations with Bentley Systems regarding a potential strategic operation. The discussions remain at a preliminary stage and there is no certainty that the operation will be agreed, we read in a note.
The Wall Street Journal wrote that Schneider Electric is in talks to take control of engineering software company Bentley Systems in a deal that could be worth more than $15 billion, while Reuters wrote that Bentley Systems is exploring options that include a sale after attracting acquisition interest; Among the companies that have expressed interest in a deal with Bentley are Schneider Electric and Cadence Design Systems.
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