Cash network usage is increasing
Riots increase by 23% in one day
Unlike Bitcoin, which shows a quiet trend despite the halving, contrary to investors’ expectations, mining stocks are soaring. Expectations for future Bitcoin price increases and increased fee income due to the recent surge in the use of the Bitcoin network are analyzed to increase the stock price of the mining stocks.
According to Nasdaq, Riot Platforms (RIOT) ended trading at $11.24 on the 22nd (local time), up 23.11% from the previous day. Marathon Digital (MARA) and CleanSpark (CLSK) also closed at $17.55, up 6.36%, and $19.09, up 10.99%, respectively. They are all mining stocks.
In the case of Riot Platforms, as Bitcoin plunged this month, it plunged 20.69%, falling to $7.97 per share, but it rebounded immediately after the halving and recorded a higher price than before the fall.
Although Bitcoin-themed stocks usually have a strong tendency to follow the price of Bitcoin, the reason why mining stock prices rise is because of favorable news.
First, considering that the price of Bitcoin usually rises sharply 4 to 6 months after the halving, investors believe that the current time is appropriate to buy it.
INTERNATIONAL: Uruguayan Economy Had Reduced Growth In 2023…
MONTEVIDEOUruguay’s economy barely grew 0.4 percent in 2023 due mainly to a major drought affecting the country and the completion of important works associated with the construction of a pulp mill.
“The Gross Domestic Product (GDP) data is within what was expected,” Martín Alesina, researcher at Ceres (Center for Studies of Economic and Social Reality) told Xinhua, when consulted about the National Accounts Report presented this Thursday by the Central Bank of Uruguay (BCU).
For Alesina, there was downward pressure due to “the effect of the drought, the exchange rate difference with Argentina, the stoppage of the refinery since September and the end of the works on the UPM 2 pulp plant and, associated with this industry, the Central Railway.
In fact, the drought that ended this last southern winter was the worst in the last 70 years, causing losses of almost two billion US dollars for the productive sector, according to official estimates.
The BCU report highlighted, from the production perspective, the negative impact of the Electric Power, Gas and Water (-9.2 percent) and Construction (-5.6 percent) sectors.
The negative pressure “was offset by what UPM started to produce,” said Alesina,
Recalls Dampen PepsiCos Strong Q1 Results, North American…
A Discussion of PepsiCo’s Q1 Results and Salmonella Recall
PepsiCo reported solid Q1 results, beating Wall Street estimates on both the top and bottom lines. The global food and beverage giant saw net sales rise by just over 2%, but unfortunately, its North American Quaker Food division was hit hard by a recall due to potential salmonella contamination, resulting in volume declines of 22%.
PepsiCo has reiterated guidance for the rest of the year, aiming for 4% organic revenue growth and 8% core growth. However, some investors remain skeptical about this prediction as Cowan noted that it shows hesitation towards future developments.
The uncertainty surrounding the consumer backdrop continues to be of concern consideringthe effects felt from higher rate environments and higher prices weighingon consumer decisions currently. This highlights how this is a real glimpse at consumer behaviour overall.
However, there may be a silver lining in executive commentary from Brian Sozzi at Yahoo Finance who spoke with CEO Ramon Laguarta to discuss trends within the company’s Q1 results. And he did offer a bit of hope despite volume declines: there are signs that they believe volume numbers will improve down-the-line while also expecting it to recover slowly alongside inflation rates relax later in the year/early into next;
Japan, US, And South Korea Close Talks On…
2024-04-18 00:06:00
At the first finance ministers’ meeting held on the 17th, Japan, the United States, and South Korea agreed to “closely discuss” trends in the foreign exchange market. Photographed in December 2015 (2024 Reuters/Kim Hong-Ji)
WASHINGTON (Reuters) – Japan, the United States, and South Korea agreed to “closely consult” on foreign exchange market trends at their first finance ministers’ meeting held on the 17th.
The joint statement acknowledged the “serious concerns of Japan and South Korea regarding the recent rapid depreciation of the yen and won,” and added, “In line with the existing G20 commitments, we will continue to monitor trends in the foreign exchange market.” We will consult closely.”
“We will continue to work together to promote sustainable economic growth, financial stability, and orderly and well-functioning financial markets.”
Following the announcement of the statement, the dollar fell against the yen. 1 dollar=154.18 yen. It has since returned to 154.32 yen, but remains below the 34-year high of 154.79 yen reached on the 16th.
The last time Japan intervened in foreign exchange was in October 2022, when the dollar was at 151.94 yen.
Helen Given,
Oil Prices Are Falling Due To The U.S.…
Oil prices fell as Asian markets opened on Monday, led by renewed interest in market fundamentals, as Israel and Iran downplayed risks of an escalation of hostilities in the Middle East after Israel’s seemingly minor strike on Iran.
Brent crude futures fell 54 cents, or 0.6%, to $86.75 a barrel at 1218 GMT.
The West Texas Intermediate (WTI) contract for May, which expires Monday, lost 12 cents to $83.02 a barrel. The more active June contract lost 47 cents, or 0.6%, to $81.75 a barrel.
“Economic concerns have once again become a bearish factor in the crude market, with prices coming under pressure due to a large build-up in US inventories and an optimistic Fed that has led to a strong dollar, said Tina Teng, an independent analyst of the market.
On Friday, Austan Goolsbee, president of the Chicago Federal Reserve, became the latest central banker to signal a longer timetable for interest rate cuts as progress on inflation has “stagnated.”
U.S. crude oil inventories increased by 2.7 million barrels, according to Energy Information Administration data from last week. This increase is almost double the expectations of analysts who were counting on an increase of 1.4 million barrels.
His Labor Reform Triples The Number Of Discontinued…
The Government insists on vindicate their economic management y send optimistic messages looking to the future while hiding the number of unemployed with makeup. Specifically, the Minister of Labor and Vice President, Yolanda Diazhas even dared to describe as «historical» the results of your department in terms of reduction of temporary employment and coverage of unemployed Spaniards. Nothing is further from reality.
A new report advanced by the digital portal Free market of the USO unionspecialized in the detailed analysis of the different statistical measures of the labor market, has concluded compromising in an extraordinarily negative way the performance of Díaz’s management at the head of the ministry.
To begin with, he has denounced the increasingly growing difficulty in obtaining real data that really reflects the state of the labor market in Spain: «Why is a methodology still maintained that does not provide the necessary clarity and transparency “to know the reality and provide the means and remedies to improve the high unemployment that we suffer?” the report asked.
«Greater clarity is necessary in the statistics that count job seekers who are unemployed (unemployed not employed) by public employment services. Greater simplicity is necessary so that all those who seek employment and do not have an occupation are considered unemployed (what a simple thing to do).«he adds,
EncroChat Hackers Themselves Did Not Want To Be…
#EncroChat #hackers #tapped #COLUMN
Europol (and also the Dutch Minister of Justice Dilan Yesligöz) want access to encrypted communications of citizens. The argument is that this is the only way to combat criminals and terrorists. Europol called on Monday to ‘urgent action’, following the introduction of end-to-end encryption of WhatsApp.
By @Wim van de Pol
When the Public Prosecution Service announced in 2016 that crypto platform Ennetcom had been shut down, it was accompanied by an explanation that all users were engaged in criminal activities. PGPSafe followed in 2017, EncroChat in 2020 and Sky ECC in 2021. All users of these platforms were also criminals, according to the justice department.
Of course, the majority of users of these services would probably not receive a Certificate of Good Conduct at home.
Nevertheless: all chats of all users of these services were recorded, even though many were not suspects at the time. And later these chats were used in criminal trials, initially against non-suspected people. Legislation and case law regarding such “fishing expeditions” by police is crystal clear: it is illegal.
How To Apply For The INPS Carer And…
INPS – fonte_depositphotos – jobsnews.it
Thanks to the guardian and caretaker bonus, up to 3,000 thousand euros is possible. Here’s who can benefit and how to apply.
once again Italian State through INPS, allowing Italians to enjoy a bonus that will help them face a potentially defaulting cost. They say that Italy is now a country of old people, births are becoming increasingly low, often equal to zero.
This basically means that a large part of the Italian population is made up of people who are very advanced in age. As many know when a person begins to have a certain number of years he needs a person who is always presentevery day.
Meet your daily needs it could be almost impossible at some point. Indeed for this reason, there are many families who decide to send someone with the elderly who is present day and night, helping them in all their activities.
Obviously doing all this means a cost that can be very small. This is the reason why the Italian State thought well to introduce what we know today bonuses for carers and housekeepers. An amount that will go to support Italian families who may be in trouble.
Cuban Currency Crisis: Record High Prices For Dollar…
In another day of spectacular price increases, the dollar has hit a new record high in the Cuban exchange market. The Cuban Directory reports that both the euro and dollar are showing no signs of slowing down, making the salaries of Cubans increasingly meager.
According to DIARIO DE CUBA, the MLC (Moneda Libremente Convertible) has reached 290 pesos in the Cuban informal market, causing further financial strain on the country’s residents. CiberCuba also notes that the euro has seen a significant rise in price in Cuba, indicating more financial challenges ahead.
As the value of foreign currencies continues to soar in Cuba, many are left wondering how they will be able to afford basic necessities. The government has yet to address the ongoing economic crisis, leaving citizens to deal with the repercussions of these record-breaking currency fluctuations.