Currency Area – Basket Village USA Fri, 04 Jun 2021 23:46:41 +0000 en-US hourly 1 Currency Area – Basket Village USA 32 32 India reiterates concerns over digital currency trading Fri, 04 Jun 2021 22:34:31 +0000

India’s central bank reiterated its hesitation over digital currency after advising financial institutions that they would have to reverse a trade ban in 2018, Bloomberg reported on Friday (June 4th). The Reserve Bank of India (RBI) recently asked lenders not to cite a 2018 central bank circular as a rationale for preventing digital currency exchanges. A court had since overturned the order. “There is no change in the position of RBI,” RBI Governor Shaktikanta Das told the media, according to Bloomberg. “We have major concerns regarding the cryptocurrency, which we have conveyed to the government.”

In other news, Unchained Capital, Inc. unveiled the “initial closing” of a $ 25 million Series A capital raise led by NYDIG in addition to Stone Ridge Holdings Group, according to an announcement on Friday, June 4. . The Austin, Texas-based company is developing a financial services system for businesses and individuals who maintain long-term bitcoin wealth and wish to own a private key. “Historically, there has been a lack of investment in dedicated bitcoin infrastructure … but we expect this increase to be the first in a growing trend of all-bitcoin companies attracting capital investment at scale. that has long been deserved, ”Unchained Capital’s business development director, Parker Lewis, said in the announcement.

On another note, Progressive Care Inc. now allows people to pay in bitcoin for its COVID-19 rapid testing services at the company’s PharmcoRx locations, according to an announcement on Friday, June 4. Management noted in the statement that the move comes just before “the world’s largest Bitcoin conference” takes place this weekend, “drawing more than 50,000 visitors to Pharmco’s main market in the Miami metro area.” . According to the announcement, most international air carriers require testing based on the COVID-19 PCR, which PharmcoRx provides, as a “prerequisite for travel.”

And Anchorage Digital has unveiled Ethereum-backed institutional loans through Anchorage Financing, according to a Medium article. To this end, institutional clients can now leverage an “Ethereum-backed” US dollar line of credit through a BankProv partnership. “We are taking our full service offering for the cryptocurrency community to the next level,” BankProv CEO David Mansfield said in the announcement. BankProv is one of America’s oldest banks, having operated for over two centuries as The Provident Bank before its “modern rebranding” last year.



About the study: U.S. consumers see cryptocurrency as more than just a store of value: 46 million plans say they plan to use it to make payments for everything from financial services to groceries. In the Cryptocurrency Payments Report, PYMNTS surveys 8,008 cryptocurrency users and non-users in the United States to examine how they plan to use crypto to make purchases, what crypto they plan to buy. ‘use – and how merchant acceptance can influence merchant choice and consumer spending.

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The CoinGeek Pulse Episode 47: Digital Currency Profit Tax, Southeast Asia Updates and 7th CoinGeek Conference in Zurich Fri, 04 Jun 2021 11:27:10 +0000

Nothing prevents government agencies from going after digital currency traders and their income.

In Australia, the Australian Tax Office (ATO) has issued a warning that profits in digital currency are not exempt from tax. According to ATO data analysis, more than 600,000 Australians have invested in digital currency in recent years. The ATO expects nearly 300,000 taxpayers to report their capital gains or losses in digital currency on their 2021 tax return.

“This year, we will write to approximately 100,000 taxpayers with cryptocurrency assets to explain their tax obligations and urge them to review their previously filed returns,” Deputy Commissioner Tim Loh said.

Loh said a big myth is that people think so-called “crypto” is a currency rather than an asset, which is how it is classified by the tax office. He was “alarmed” that people might think digital currency works in an anonymous digital world that gives them a license to ignore their tax obligations.

Meanwhile in the United States, a similar effort is underway. The Biden administration plans to toughen the tone against tax fraud, and digital currency is a concern.

Recently, the US Treasury proposed a plan that would require companies and stock exchanges to report to the IRS any digital currency transaction with a market value of $ 10,000 or more. This is a step towards better rules and regulatory policies in the United States that will help the country determine the value and use cases of digital currencies in the real economy.

In addition, according to the Treasury Department, the digital currency economy contributes to the American “fiscal gap” which is the difference between tax paid and tax due. The White House estimates a gap of $ 7 trillion over the next decade and would like to close it by going after digital currency traders who avoid paying their taxes.

Meanwhile, in Southeast Asia, governments are also stepping up their efforts in space.

Thailand, the land of smiles, plans to please few people in the DeFi space. The country is now looking into decentralized finance (DeFi) as part of its latest push to regulate the digital currency industry.

The country’s Securities and Exchange Commission (SEC) has announced that any activity related to DeFi may require a license from the financial regulator in the near future. The commission specifically said it would target DeFi protocols that issue tokens.

In Indonesia, plans for a CBDC are underway. The Bank of Indonesia’s announcement comes amid the growing adoption of digital payments in the country. The country is the latest global central bank to indicate a move towards a state-backed digital currency.

And in Singapore, DBS Bank, a multinational banking company, launched its very first security token offering (STO) by issuing a digital bond. Institutional or accredited investors registered with the DBS Digital Exchange (DDex) will be able to access the secondary markets for DBS digital bonds. The bank hopes its offer will pave the way for other issuers to launch STOs through the DDEx platform.

In the BSV ecosystem, the Handcash Hackathon for Non-Bitcoin Developers is finally taking place online June 14-28 with a current prize pool of $ 5,000.

Visit to learn more and to register.

Next week, the 7th CoinGeek conference kicks off in Zurich, Switzerland. Expect big announcements, giveaways, and opportunities to earn BSVs from June 8-10. You can watch and participate online and interact with other participants by registering at

New to Bitcoin? Discover CoinGeek Bitcoin for beginners section, the ultimate resource guide to learning more about Bitcoin – as originally envisioned by Satoshi Nakamoto – and blockchain.

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Nvidia Stock: NVDA wins over AMD in graphics chips. What this means. Wed, 02 Jun 2021 19:50:00 +0000

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Digital Virtual Currency Deposits Market Size and Share 2021 Wed, 02 Jun 2021 06:09:31 +0000

The report, entitled Digital Virtual Currency Deposits Market, is one of the most comprehensive and essential additions to Reports Globe’s market research archive. It provides detailed research and analysis on key aspects of the Digital Virtual Currency Custodian market. The market analysts who authored this report have provided detailed information on key growth drivers, restraints, challenges, trends, and opportunities to offer a comprehensive analysis of the Digital Virtual Currency Custodian market. Market players can use the analysis of market dynamics to plan effective growth strategies and prepare for future challenges in advance. Each trend in the Digital Virtual Currency Depository market is carefully analyzed and reviewed by market analysts. Market analysts and researchers have performed an in-depth analysis of the digital virtual currency deposit market using research methodology such as PESTLE and Porter’s Five Forces Analysis. They have provided accurate and reliable market data and useful recommendations to help players gain insight into the current and future market scenario. The Digital Virtual Currency Depository report provides an in-depth study of the potential segments, including product type, application, and end-user, along with their contribution to the overall market size.

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Also, the market revenue by region and country is shown in the Digital Virtual Currency Deposit report. The authors of the report also shed light on common trading tactics used by gamers. Key players in the Digital Virtual Currency Custodian market and their complete profiles are included in the report. Furthermore, the report presents the investment opportunities, recommendations and trends currently in vogue in the digital virtual currency deposit market. This report will enable the major players in the digital virtual currency deposit market to make informed decisions and plan their strategies accordingly to stay ahead of the game.

The competitive landscape is a critical aspect that every key player must be aware of. The report throws light on the competitive scenario of the Digital Virtual Currency Depository Market to know the competition at the national and global level. The market experts also gave an overview of each major player in the Digital Virtual Currency Custodian market, taking into account important aspects such as business areas, production, and product portfolio. Additionally, the companies are examined in the report on the basis of key factors such as company size, market share, market growth, revenue, production volume, and profit.

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Segmentation of the digital virtual currency deposits market:

Digital Virtual Currency Deposits Market, By Application (2016-2027)

Digital Virtual Currency Deposits Market, By Product (2016-2027)

  • Online wallet
  • Office handbag
  • Mobile wallet

Key Players Operating in the Digital Virtual Currency Deposits Market:

  • Binance
  • Upbit
  • OKEx
  • Bithumb
  • Huobi
  • Bitfinex
  • BitMEX
  • Coinw
  • Kex
  • Bittrex
  • Bitstamp
  • BTCC

Regional analysis:

The report provides information about the market area, which is further subdivided into sub-regions and countries. In addition to the market share in each country and sub-region, this chapter of this report also provides information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Russia, Spain, Netherlands, Switzerland, Belgium)
  • Asia Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Vietnam)
  • Middle East and Africa (Turkey, Saudi Arabia, United Arab Emirates, South Africa, Israel, Egypt, Nigeria)
  • Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru).

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Key questions answered in the report:

  • What is the growth potential of the digital virtual currency deposit market?
  • Which product segment will take the lion’s share?
  • Which regional market will be a pioneer in the years to come?
  • Which application segment will grow sustainably?
  • What growth opportunities might arise in the digital virtual currency custodian industry in the years to come?
  • What are the biggest challenges that the digital virtual currency depository market could face in the future?
  • Who are the leading companies in the Digital Virtual Currency Custodian market?
  • What are the main trends that will positively affect the growth of the market?
  • What are the growth strategies players are pursuing to maintain their position in the Digital Virtual Currency Custodian market?

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Customization of the report:

Please contact us if you would like more information about the report. If you have any special requirements and want customization, please let us know. We will then offer the report to you as you wish.

How Reports Globe is different from other market research providers:

The creation of Reports Globe was supported by providing clients with a holistic view of market conditions and future possibilities / opportunities to derive maximum profit from their businesses and assist in decision making. Our team of in-house analysts and consultants work tirelessly to understand your needs and come up with the best possible solutions to meet your research needs.

Our Reports Globe team follows a rigorous data validation process, which allows us to publish editor reports with minimal or no deviation. Reports Globe collects, separates and publishes more than 500 reports per year covering products and services in many fields.

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WisdomTree lists Bitcoin and Ether ETPs on Euronext Tue, 01 Jun 2021 12:30:00 +0000

NEW YORK, June 01, 2021 (GLOBE NEWSWIRE) – WisdomTree, an exchange-traded fund (“ETF”) and sponsor of exchange-traded products (“ETP”), has announced that its physically backed bitcoin and ether ETPs are listed on the Euronext stock exchanges in Paris and Amsterdam. WisdomTree Bitcoin (BTCW) and WisdomTree Ethereum (ETHW) each have a total expense ratio of 0.95% and are already listed on Börse Xetra in Germany and SIX, the Swiss stock exchange.

BTCW and ETHW’s listings on the Euronext stock exchanges follow a series of new developments on WisdomTree’s digital asset platform. In April, ETHW was launched on Börse Xetra and SIX. Also in April, BTCW is listed on Börse Xetra. WisdomTree offers the cheapest physical bitcoin and ether ETPs in Europe.

Jason Guthrie, Head of Digital Assets, Europe, WisdomTree, said: “Listing on Euronext opens more access points for investors to easily allocate and trade both BTCW and ETHW. Since we launched our digital asset platform in 2019, we’ve seen a lot of development in the space. This milestone represents the growing acceptance of cryptocurrencies, the changing European regulatory landscape and the latest signal that digital assets are here to stay. The willingness of regulators and exchanges to list cryptocurrency ETPs lends additional credibility to this growing and popular asset class. This development will stimulate institutional investors, trading via Euronext, who were waiting for further signs of acceptance before making their first allocations to digital assets. “

BTCW and ETHW offer investors a simple, secure, and cost-effective way to gain exposure to the most liquid and popular cryptocurrencies, bitcoin and ether. ETPs allow investors to access bitcoin and ether without the need to directly own cryptocurrencies, store private access keys, or interact with blockchain or digital currency infrastructure of any kind. way either. Investors also have access to institutional grade storage solutions without having to configure them themselves with a custodian.

To ensure the highest level of security, WisdomTree relies on regulated institutional-level digital currency custodians, Coinbase and Swissquote, which operate highly secure cold stores.

Alexis Marinof, Head of Europe, WisdomTree, added: “Our commitment to support investors in their journey to digital assets is reinforced by the listings of BTCW and ETHW on Euronext. We’ve built a top-notch digital asset platform made up of the most investor-friendly bitcoin and ether ETPs. Our heritage provides a level of comfort and expertise that investors are unable to obtain from other physically backed cryptocurrency ETP providers. This translates into a market leading product, from price to unmatched product structure. “

WisdomTree’s Digital Asset Product Line1 has over $ 235 million2 in assets under management.

Jonathan Steinberg, CEO of WisdomTree, concluded: “We know that digital assets and blockchain are a priority for our customers and we want to help them understand and navigate the space. Accessibility has been a challenge for many investors, but as another important exchange facilitates access, opportunities continue to open up for investors and barriers to adoption diminish.

WisdomTree digital asset ETPs (BTCW and ETHW) are Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Spain and Sweden.

Product information

Listing Name TER Exchange Trade
Bitcoin wisdom tree 0.95% Euronext
Bitcoin wisdom tree 0.95% Euronext
WisdomTree Ethereum 0.95% Euronext
Ethereum Wisdom Tree 0.95% Euronext

Find out more:

For more information, please contact:
Jessica Zaloom, Head of Corporate Communications and Public Relations, +1 917 267 3735 /
Arran Fano, Public Relations and Communications, +44 20 7448 4336 /

About the tree of wisdom

WisdomTree Investments, Inc., through its subsidiaries in the United States and Europe (collectively, “WisdomTree”), is a sponsor and asset manager of exchange-traded funds (“ETF”) and products. Exchange Traded (“ETP”) headquartered in New York. WisdomTree offers products spanning stocks, commodities, fixed income, leveraged and inverse securities, currencies, cryptocurrencies, and alternative strategies. WisdomTree currently has approximately $ 74.9 billion in assets under management worldwide.

WisdomTree® is the trade name of WisdomTree Investments, Inc. and its subsidiaries around the world.

Communications issued in the European Economic Area (“EEA”): This document has been issued and approved by WisdomTree Ireland Limited, which is authorized and regulated by the Central Bank of Ireland.

Communications issued in jurisdictions outside the EEA: This document has been published and approved by WisdomTree UK Limited, which is authorized and regulated by the Financial Conduct Authority of the United Kingdom.

WisdomTree Ireland Limited and WisdomTree UK Limited are each referred to as “WisdomTree” (if applicable). Our conflict of interest policy and inventory are available upon request.

For professional customers only. Past performance is not a reliable indicator of future performance. Any historical performance included in this document may be based on retroactive testing. Back testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such a strategy would have been. Back-tested performance is purely hypothetical and is provided in this document for informational purposes only. Back-tested data does not represent actual performance and should not be construed as an indication of actual or future performance. The value of any investment can be affected by fluctuations in exchange rates. Any investment decision should be based on the information contained in the appropriate prospectus and after seeking independent investment, tax and legal advice. These products may not be available in your market or may not be suitable for you. The contents of this document do not constitute investment advice or an offer to sell or a solicitation of an offer to purchase any product or investment.

An investment in Exchange Traded Products (“ETPs”) is dependent on the performance of the Underlying Index, less costs, but it should not exactly match that performance. ETPs carry many risks, including general market risks related to the relevant underlying index, credit risks on the provider of index swaps used in the ETP, currency risks, interest rate risks interest rate, inflation risks, liquidity risks and legal and regulatory risks.

The information in this document is not, and should not be construed in any way, an advertisement or any other step towards a public offering of shares in the United States or any province or territory thereof. , where none of the issuers or their products are authorized or registered for distribution and where no prospectus of any of the issuers has been filed with a securities commission or regulatory authority. No material or information in this material is to be taken, transmitted or distributed (directly or indirectly) in the United States. None of the issuers, nor any security issued by them, has been or will be registered under the United States Securities Act of 1933 or the Investment Company Act of 1940 or qualified under the securities laws of a State.

This document may contain independent market commentary prepared by WisdomTree based on publicly available information. Although WisdomTree makes every effort to ensure the accuracy of the contents of this document, WisdomTree does not guarantee its accuracy or correctness. Any third party data provider used to obtain the information contained in this document makes no warranties or representations of any kind regarding such data. Where WisdomTree has expressed its own opinions regarding the product or market activity, those opinions may change. Neither WisdomTree, nor any affiliated company, nor any of their respective officers, directors, partners or employees accept any responsibility whatsoever for any direct or indirect loss resulting from the use of this material or its contents.

This document may contain forward-looking statements, including statements regarding our opinion or current expectations regarding the performance of certain asset classes and / or sectors. Forward-looking statements are subject to certain risks, uncertainties and assumptions. There can be no assurance that such statements will be accurate and actual results could differ materially from those anticipated in such statements. WisdomTree strongly recommends that you do not place undue reliance on these forward-looking statements.

The product described in this document is issued by WisdomTree Issuer X Limited (the “Issuer”). Investors should read the Issuer’s prospectus before investing and refer to the section of the prospectus entitled “Risk Factors” for further details on the risks associated with an investment in securities offered by the Issuer.

The securities issued by the Issuer are direct limited recourse obligations of the Issuer alone and are not obligations or guarantees by Swissquote Bank Ltd (“Swissquote”), Coinbase Custody Trust Company LLC (“Coinbase”), none of their affiliates or someone else or any of their affiliates. Swissquote and Coinbase disclaim any liability, whether tort, contractual or otherwise, that they may have with respect to this document or its content arising in any other way in connection with it.

The product presented in this document is an unregulated ETP, approved to trade on SIX Swiss Exchange in Switzerland and Deutsche Börse Xetra in Germany. Cryptocurrencies are a high risk investment and may not be suitable for all types of investors. Prospective investors should be aware that the price of the underlying assets by which the securities are guaranteed may exhibit higher volatility than other asset classes and that, therefore, the value of the securities may be extremely volatile. You need to ensure that the nature, complexity, and risks associated with cryptocurrencies are appropriate for your goals given your circumstances and financial circumstances.

1 Composed of WisdomTree Bitcoin and WisdomTree Ethereum
2 As of May 27, 2021

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Call of Duty Online in China to be closed in August as CoD Mobile gains popularity in the region Mon, 31 May 2021 17:00:55 +0000

Call of Duty: Mobile Season 4 introduced the new Clan Wars feature in which players compete in weekly competitions to ensure their clan comes out on top and earn various rewards along the way in their CoD: Mobile Clan Wars adventures.

Now that CoD Mobile Season 4 has arrived, Activision is looking to give gamers even more competitive options. Not only is the upcoming CoD Mobile World Championship offering a prize pool of over $ 2 million (USD) and free rewards, the new Clan Wars mode is being introduced.

CoD Mobile has described Clan Wars as the “biggest feature” since the Gunsmith system, so it’s sure to shake up the mobile shooter. Clan Wars allows players to team up with friends or strangers and compete against each other to earn cosmetic rewards and climb the competitive rankings.

Here’s everything you need to know about CoD Mobile’s Clan Wars, from its release date to how to join a clan.

What is CoD Mobile Clan Wars?

Clan Wars is the latest competitive mode to arrive in CoD Mobile. Rather than ranked mode where you are on your own, Clan Wars will have you join a team to dominate the leaderboards and earn rewards together.

Similar to the Ranked Series, Clan Wars will be a bi-seasonal competitive event that will take place every other season. The developers of CoD Mobile explained that “Every two seasons it will be reset, there will be new rewards and your clan will have new chances to climb the leaderboards.”

CoD Mobile emphasized that Clan Wars is not just about playing with a clan and earning rewards, “but everything is aimed at creating competitive gameplay, opportunities to interact with your clan and other players, and a new way to deliver more epic rewards. “

CoD Mobile Clan Wars release date

Clan Wars is coming as part of Season 4 and will launch on June 1, 2021.

This will be the start of the first Clan Wars event, with the mode set to reset in Season 6, offering new rewards and ranks.

How to join a clan in CoD Mobile

To get started in Clan Wars, you must first join a clan. CoD Mobile has assured players that even if you don’t have a clan, you will be able to join one easily. “Once Clan Wars is launched, many new clans will form and you may find many options to meet your needs,” explained the development team.

They also said that you don’t have to be a super competitive player to join Clan Wars. There will be clans for all playstyles, whether you want to become the best or “play casually throughout the week and just want to help each other earn rewards.”

How to play CoD Mobile Clan Wars

After joining a clan in CoD Mobile, you will need to play Clan Wars mode to earn the various rewards and climb the leaderboards.

While there are several ways to progress in Clan Wars, the main one is by capturing Clan knots. Divided into weekly mini-seasons, these are daily challenges with “unique objectives and modifiers” and “Each node will be fought by the clans for a set amount of time and, depending on the rank of each clan, they will earn currency”.

Your Clan will be paired with other Clans each week to provide you with a greater variety of opponents so that one team does not consistently dominate the leaderboards. After it is reset, clans must register for these mini-seasons each week, and “the clan that captures the node will earn bonus points.”

An example of an objective is to defeat opponents using a custom SMG with five attachments, and the more Clan members complete the objective, the more Node points you will earn. The more nodes your clan can earn, the higher you will be in the leaderboard and the better the reward.

CoD Mobile Clan Wars Rewards

Cod Mobile Clan War Rewards

In order for your clan to rank well throughout the first season, you can earn various exciting cosmetic rewards.

While playing Clan Wars, you will start earning Clan Currency to purchase various rewards. You can also earn these items “Through weekly rewards, based on both clan performance and your individual performance” and “Clan Clan Rankings”.

CoD Mobile has confirmed that they have set up rewards this way to ensure that even if your clan is underweight, you will be rewarded for your individual efforts.

Here is the full list of Clan Wars rewards:

  • Ronin – Hagakure
  • QXR – Renaissance
  • Backpack – Ronin
  • Breastplate – Ronin
  • Helmet – Ronin
  • RUS-79U – Brushed chrome
  • QXR – Brushed chrome
  • Chopper – Ambush
  • DL Q33 – Ambush
  • ASM10 – Ambush
  • Knife – Ambush
  • SMRS – Ambush
  • Frag Grenade – Ambush
  • Flashbang Grenade – Ambush
  • Row Border – Elite 1
  • Rank Border – Elite 2
  • Row Border – Elite 3
  • Row border – Pro 1
  • Row border – Pro 2
  • Row border – Pro 3
  • Row Border – Legendary

For more on CoD: Mobile, find out how to get Mythic Weapons in-game, and stay tuned for future news and guides.

Image Credit: CoD Mobile / Activision

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Russia reports highest number of daily COVID-19 cases since March Sun, 30 May 2021 08:00:00 +0000


This time it’s different: apart from OPEC +, oil growth is stalling

(Bloomberg) – “This time is different” perhaps the most dangerous words in business: billions of dollars have been lost betting history won’t repeat itself. And yet, now in the oil world, it looks like it really will. For the first time in decades, oil companies are not rushing to ramp up production to chase rising oil prices as Brent crude approaches $ 70. Even in the Permian, the prolific shale basin at the center of America’s energy boom, drillers are weathering their traditional boom-and-bust spending cycle. The oil industry is on the ropes, constrained by demanding Wall Street investors that businesses spend less. on drilling and instead return more money to shareholders, and climate change activists lobbying against fossil fuels. Exxon Mobil Corp. is paradigmatic of the trend, after its humiliating defeat at the hands of a tiny activist who elbows on the board of directors. giving the Saudi-Russian-led coalition more leeway to bring back their own production. As non-OPEC production is not rebounding as fast as many had expected – or feared based on past experience – the cartel will likely continue to increase supply when it meets on June 1. focus on getting the money back to investors. “They threw money down the borehole like crazy,” Christopher Ailman, chief investment officer for CalSTRS. “We really saw this business heading for the hole, not surviving into the future, unless it changes and adapts. And now they have to do it. Exxon is unlikely to be alone. Royal Dutch Shell Plc lost a historic legal battle last week when a Dutch court told it to significantly reduce emissions by 2030, which would require less oil production. Many industry players fear a wave of lawsuits elsewhere, with Western oil majors being more immediate targets than state-owned oil companies that make up a large chunk of OPEC’s output. said Bob McNally, chairman of consultant Rapidan Energy Group and former White House official. While it is true that non-OPEC + production is declining after the 2020 crash – and the ultra-depressed levels of April and May of last year – it is far from a full recovery. Overall, non-OPEC + production will increase this year by 620,000 barrels per day, less than half of the 1.3 million barrels per day it fell in 2020. Supply growth forecast for the rest of the year “falls short of” the expected increase in demand, according to the International Energy Agency. Beyond 2021, oil production is expected to increase in a handful of countries, including the United States, Brazil, Canada and new oil producer Guyana. But production will decline elsewhere, from the UK to Colombia, Malaysia and Argentina. As non-OPEC + production grows less than global demand for oil, the cartel will control the market, executives and traders said. It’s a major break with the past, when oil companies reacted to rising prices by rushing to invest again, boosting non-OPEC production and leaving Saudi-led ministers Abdulaziz bin Salman a much more difficult balance. the lack of growth in non-OPEC + oil production is not showing much in the market. After all, the coronavirus pandemic continues to restrict global demand for oil. This could be more visible later this year and into 2022. By then, the Covid-19 vaccination campaigns should bear fruit, and the world will need more oil. Iran’s expected return to the market will provide some of that, but there will likely be a need for more. When that happens, it will largely be up to OPEC to bridge the gap. A signal of how the recovery will be different this time around is the number of drilling operations in the United States: it is gradually increasing, but the recovery is slower than it was after the last major oil price collapse in 2008. -09. Shale companies are keeping their pledge to return more money to shareholders in the form of dividends. While before the pandemic, shale companies reused 70-90% of their cash flow for new drilling, they now maintain that metric at around 50%. The result is that US crude production has stabilized at around 11 million barrels per day. since July 2020. Outside the United States and Canada, the outlook is even bleaker: at the end of April, the number of oil rigs outside North America stood at 523, lower than it was yesterday. is one year old, and nearly 40% lower than the same month two years earlier, according to data from Baker Hughes Co. When Saudi Energy Minister Prince Abdulaziz predicted earlier this year that “” drilling, baby, drill “is gone forever,” that sounded like a bold call. As ministers meet this week, they might dare to hope he’s right. More stories like this are available on Bloomberg .comSubscribe now to stay ahead with the most trusted source of business news. © 2021 Bloomberg LP

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Creation of a specialized coin museum in Kordestan Sat, 29 May 2021 16:08:54 +0000

TEHRAN – The cultural heritage authorities of Kordestan province should establish a museum dedicated to historical coins and coins.

Pieces from different historical eras of Iran and other countries will be on display in the Qorveh City Museum, the western city’s tourism chief said on Saturday.

Covering an area of ​​250 square meters, the museum is expected to generate more than six job opportunities after its inauguration, Mohammad Moradi added.

According to the Encyclopedia Iranica, coins and coins, standardized units of metal used as a medium of exchange, were first introduced to Persia by the Achaemenid Darius I (521-486 BC).

Prior to modern times, the Persian economy consisted of a conglomerate of regional economies, each with a currency and monetary system focused on local commerce, rather than an integrated national economy. For this reason, it makes more sense to study changes in the production (weight, fineness) of a single mint over time, rather than trying to come up with an estimate of a non-existent national standard.

The name Kordestan refers to the main inhabitants of the region. After the Turkish invasion of Iran in the 11th century CE (Seljuq period), the name Kurdistan was applied to the region comprising the northwestern Zagros mountains.

It was during the reign of Abbas I the Great of the Safavid dynasty of Iran (1501-1736) that the Kurds rose to prominence, having been enlisted by Abbas I to help stem the attacks of marauding Uzbeks from the east at the beginning of the 17th century.


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Swedish central bank tests digital currency Fri, 28 May 2021 21:45:01 +0000

Swedish central bank Riksbank said on Friday May 28 that it was working with lender Handelsbanken to test the digital currency e-krona, Reuters reported.

The collaboration will test how e-krona will be able to handle payments in a day-to-day setting, the bank said in the report.

Central banks around the world are examining the use of digital currencies (CBDCs) as cryptocurrencies enter the mainstream and the use of cash continues to decline. In addition, there has been an increased need for real-time cross-border payments.

“The e-krona pilot is therefore moving from a simple simulation of participants to cooperation with external participants in the test environment,” Riksbank said in a statement, via Reuters.

The Riksbank said in April that it wanted to include commercial banks in its next phase of testing to determine how the electronic crown could be used for different types of payment.

“For Handelsbanken, the project means the opportunity to participate in what could be one of the first digital currencies issued by a central bank in the world to be publicly available,” Handelsbanken said in a statement, Reuters reported.

So far, only the Bahamas have launched a CBDC. Sweden and China are the only other countries to have started testing electronic money.

Sweden’s central bank last month said that a possible e-money needs to be further tested before being deployed. The initial phase of its pilot project two years ago resulted in an e-krona network that simulated and tested the CBDC in an isolated environment.

“The solution tested during the first phase of the e-krona pilot met the performance requirements imposed in public procurement. But this took place in a limited test environment and the ability of the new technology to handle large-scale retail payments needs to be further investigated and tested, ”the bank said.



About the study: U.S. consumers see cryptocurrency as more than just a store of value: 46 million plans say they plan to use it to make payments for everything from financial services to groceries. In the Cryptocurrency Payments Report, PYMNTS is polling 8,008 cryptocurrency users and non-users in the United States to examine how they plan to use crypto to make purchases, which crypto they plan to use. to use – and how merchant acceptance can influence merchant choice and consumer spending.

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News from the EU: Greece deplores 40 years of membership – how the bloc has made the nation’s situation worse | Politics | New Fri, 28 May 2021 12:28:00 +0000

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Leading Eurocrats hailed the apparent “huge benefits” Athens has received since joining the bloc in 1981. But pundits and insiders fought back, insisting that membership in the EU’s single currency bloc has been extremely damaging for Greece. Yanis Varoufakis, who served as finance minister during the country’s debt crisis in 2015, said its economic growth in the 20 years leading up to EU membership had “outperformed the period 1981-2010”.

He added: “Public debt is skyrocketing after we joined the European Economic Community and, thereafter, think of the 2010-21 tragedy that followed.”

In 2015, Greece was forced to go through an extreme austerity program in order to secure a bailout after its finances got out of hand.

The EU, Germany and the International Monetary Fund have agreed to pump money into Athens’ struggling economy as long as it sticks to a series of deficit and spending targets.

At the time, Berlin even considered temporarily expelling Greece from the eurozone in order to save the rest of the currency area from collapse.

The applied tax rules created a lot of unease towards the EU among the Greeks, who were left to endure the massive cuts imposed on their government.

Yanis Varoufakis deplores Greece’s accession to the EU on the 40th anniversary of its membership of the bloc (Image: GETTY)

Yanis Varoufakis

Yanis Varoufakis is a former Greek Minister of Finance (Image: GETTY)

Last night, European Council President Charles Michel paid tribute to Greece’s accession to the EU in an article posted on social media.

He said: “Since you, Greece, officially joined our common Europe, which has always been yours, you have had the best years in your history.

“They have definitely put you on the path to peace and prosperity. “

Mr. Michel was described as ignorant by Mr. Varoufakis, who replied: “Your ignorance of our history is forgiven.

“Why should you know, for example, that our growth rate was much higher and our democratization was deeper, before joining the EEC?”

Charles Michel

President of the European Council Charles Michel (Image: GETTY)

“It is the slavery of our Prime Minister, watching you speak, that will forever remain unforgivable.”

Speaking at an event to celebrate the 40th anniversary of Greece’s EU membership, Greek Prime Minister Kyriakos Mitsotakis said the decision to join the bloc had enriched both sides.

He said the country’s membership of the EU was a non-negotiable aspect of its identity.

In a video message, European Commission President Ursula von der Leyen said: “The Union derives a huge advantage by having Greece at its core.”

She said Athens’ immunization program was “the envy of many other countries”.

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Kyriakos Mitsotakis

Greek PM Kyriakos Mitsotakis (Image: GETTY)

The Brussels boss also tried to highlight the many apparent advantages of EU membership enjoyed by Greeks, including free movement, large-scale investments and the resulting quality of life.

Pieter Cleppe, editor of the Brussels report website, said Greece’s decision to join the EU was a “good idea” but its euro zone membership was a “terrible idea” .

He told “For Greece it was a good idea to join the European Union, but it was a very bad idea to join the eurozone.

“The EU not only offered him a stable home in a family of Western democracies, the EU’s trade facilitation and the reduction of trade barriers also offered good economic opportunities.

“One downside however was the transfer of massive European funds which have encouraged cronyism in Greece for decades now. Better highways are a good thing, but not if they come at the expense of the corruption that hinders economic development. “

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Greek citizens, however, have suffered massively from Athens’ decision to join the EU’s single currency bloc, added Cleppe.

He said the move meant the Greeks were facing massive debts as a result of the move.

“Greece’s accession to the euro area, which is a serious mistake, must be seen as another big transfer from Northern Europe to Greece,” he said.

“The euro allowed the Greek government to survey Greek citizens with more debt than would have been possible with a national currency – due to the fact that Greek banks were able to receive liquidity from the European Central Bank and that the depreciation of the currency at the level of the euro zone can go much further than at the national level.

“In this way, euro area savers – most of whom reside in wealthier euro area member states – have been expropriated to finance the public spending of euro area governments.

“When the going got tough and the Greek state was no longer able to refinance its debt, taxpayers and once again savers were urged to bail out Greece with multibillion dollar bailouts. euros, both openly, through democratically approved emergency rescue funds, and covertly, through the actions of the European Central Bank.

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