Category News

sign industry internet metal

Investors Use Ethereum as Safe Haven Over Bitcoin

The prediction that Bitcoin will reach $100,000 now seems less likely as the flagship cryptocurrency has fallen to $49,000 at the moment. As Bitcoin’s slump continues, Ethereum, the largest altcoin, is gaining new uses. It is expected that crypto players…

unrecognizable workman cleaning compartment of cargo tank on city road

Saudi Arabia Raises Prices on Oil Exports

On Monday morning, oil prices rose more than $1 per barrel following an increase in the price of crude sold to Asia and the United States by Saudi Arabia’s major exporters. Brent crude rose $1.69, or 2.4%, to $71.57 a…

woman covering face with hand fan made of paper money

Thailand on the Watch List for Currency Manipulation

On Friday, the U.S. Treasury Department released its semi-annual report on currency manipulating countries. No country was identified by the United States that intentionally manipulated the currency for commercial gain or to maintain the balance of payments during the months…

bank banking banknotes business

Yen, Swiss Franc Rise on Omicron Fears

The yen, considered a safe haven by some, and the Swiss franc rose Friday (Dec. 3), while global stocks and bond yields fell on fears of the spread of the Omicron variant of COVID-19. The dollar index was slightly higher…

close up shot of a coin

Bitcoin Continues Downward Spiral

Today, around 08:04 AM ET, Bitcoin is down 6.6% to $52,496.59, a loss of $3,112.06 from its last close. Bitcoin, the world’s leading digital currency, is down 22.6% from this year’s high of $69,000. The world’s second-largest coin, Ethereum from…

sea sky ocean platform

Oil Markets Sliding Away

Crude oil prices eased slightly on Friday (Dec. 3) following concerns that the rise in coronavirus cases and new variants could reduce global oil demand. Earlier in the day, oil prices rose by more than $2 per barrel after OPEC+…

gold bitcoin coin on background of growth chart

Bitcoin Dropped to $56,000

Bitcoin fell 1.34% today (December 3) to trade at $56,160.52. The movement affected the global crypto market following news that Facebook is lifting its ban on cryptocurrency ads. Now Meta, Facebook’s new corporate name, announced Wednesday (Dec. 1) that the…

man wearing a white hard hat

U.S. Job Growth Slows

It’s another month of weakness in the U.S. labor market, which was unexpected given hopes for a strong increase in employment. According to the Labor Department report, nonfarm payrolls increased by only 210,000, down from 546,000 in October. This is…

Change Language