Search Results for: Energy crisis

Bitfarms Starts Bitcoin Megafarm Operations in Argentina

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Bitfarms, a global Bitcoin mining company, has started operations in its mining megafarm located in Argentina. The farm, launched on September 16, is currently generating 10 megavatios (megavatio) of mining power during the first phase and will scale operations to be…

Russia Shuts Off EU Gas, Vitalik Discusses Bitcoin Security, and More — Bitcoin.com News Week in Review

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Macro markets and geopolitics dominated the news this week, with Russia cutting off Europe’s gas supply, hedge funds betting against Italian debt, and the International Monetary Fund’s bailout for Zambia helping the kwacha overtake the ruble as the world’s best-performing currency….

IMF Bailout Could Be in UK’s Future, Says Strategist

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Mizuho Securities’ head of global macro strategies has warned that an IMF bailout may be in the U.K.’s future. Es más, a former chancellor of the exchequer cautioned that Britain is entering a long and severe recession, emphasizing that it’s “the worst…

miedo a la guerra, La viruela del mono hace que los mercados bursátiles y criptográficos se agiten mientras que los metales preciosos se disparan más alto

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Stock and cryptocurrency markets on Thursday saw volatility, after experiencing fluctuations during the tensions between China and Taiwan on Tuesday and Wednesday. Major indexes like the S&PAGS 500, Dow Jones, and NYSE have shed a few percentages today, while the global…

‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble

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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus…

Abjasia extiende la prohibición de criptominería hasta fin de año

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Authorities in Abkhazia have decided to maintain a ban on cryptocurrency mining in the territory. The partially recognized republic in the South Caucasus is restricting the energy-intensive extraction of digital currencies, citing problems with power supply. Bitcoin Mining Remains Prohibited in…

Data Shows Global Financial Conditions Tightest in 2 Años, Shaky Bond Markets Point to Long-Run Inflation

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At the end of the trading day on Monday, Wall Street was roiled once again as major stocks plunged during the day’s trading sessions. Most news outlets indicate the Russia-Ukraine war is causing the bleak outlook and reports show strained financial…

IMF Warns Ongoing War in Europe Will Have a ‘Severe Impact on the Global Economy’

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In a report published on Saturday, el Fondo Monetario Internacional (FMI) has warned that an ongoing war in Europe and associated sanctions will have a “severe impact on the global economy.” The IMF’s report says there is “extraordinary uncertainty” in the…

La inflación de EE. UU. podría ser peor de lo esperado, Goldman Sachs dice: el presidente de la Fed de Atlanta está a favor 25 Aumento de la tasa de BPS

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While the conflict in Ukraine is a hot topic, fears of rising inflation continue to haunt Americans residing in the country, as economists and analysts note U.S. inflation will likely remain high. Inflation is likely going to be worse than initially…

Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown

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Police in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms was launched after authorities in Pristina banned the power-hungry minting of digital currencies amid an energy…