Bitcoin’s rally shows no signs of slowing as it edges toward $90,000 in what is shaping up to be its best weekly run since the United States banking crisis in 2023.The Bitcoin (BTC) price surpassed the $85,000 record high on Nov. 11, but just as a temporary pit stop. The world’s first cryptocurrency is trading at $88,879 as of 8:14 am UTC, up over 29% during the past week, Cointelegraph data shows.BTC/USD, 1-month chart. Source: CointelegraphThe nearly 30% weekly return marks Bitcoin’s best seven-day period since the US banking crisis in 2023, according to Vetle Lunde, the head of research…
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BAKU, Azerbaijan — After nearly a decade of negotiations, leaders during the United Nations climate conference’s first day decided on some of the finer points of much-debated sticking point aimed at cutting planet-warming emissions from coal, oil and gas. Known as Article 6, it was set up as part of the 2015 Paris Agreement to help nations work together to reduce climate-causing pollution. Part of that was a system of carbon credits, allowing nations to put planet-warming gasses in the air if they offset emissions elsewhere. But the gaveling through of Article 6 late Monday was criticized by climate justice…
By Gloria Dickie BAKU (Reuters) – This year’s U.N. climate summit – COP29 – is being held during yet another record-breaking year of higher global temperatures, adding pressure to negotiations aimed at curbing climate change. The last global scientific consensus on climate change was released in 2021 through the Intergovernmental Panel on Climate Change, however scientists say that evidence shows global warming and its impacts are unfolding faster than expected. Here is some of the latest climate research: 1.5C BREACHED? The world may already have hit 1.5 degree Celsius (2.7 F) of warming above the average pre-industrial temperature – a…
The SoftBank Corp. logo displayed on a glass door of the company’s store in Tokyo, Japan, on Wednesday, May 8, 2024. SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Photographer: Toru Hanai/Bloomberg via Getty ImagesToru Hanai | Bloomberg | Getty ImagesJapanese giant SoftBank logged a 608.5 billion yen ($3.96 billion) gain on its Vision Fund tech investment arm in its fiscal second quarter ended Sept. 30, posting a steep quarterly increase after swinging back to black in the three months to June.The broader Vision Fund segment as a whole, which also factors in non-investment performance…
By Francesco Guarascio HANOI (Reuters) – Foreign companies are expanding capacity in Vietnam for testing and packaging chips while domestic firms are eyeing investments, as a shifting of industrial activity away from China gathers pace due to trade tensions with the West, executives said. The semiconductor back-end manufacturing sector, which is less capital-intensive than more strategic front-end chipmaking in foundries, is currently dominated by China and Taiwan, but Vietnam is among the fastest-growing countries in the $95 billion segment. Hana Micron’s vice president for Vietnam, Cho Hyung Rae, told Reuters the company was expanding in the Southeast Asian country to…
Image source: BT Group plc BT’s (LSE: BT.A) share price has dropped 8% from its 26 September 12-month traded high of £1.52. Much of this came around the time of its H1 results released on 7 November. Were the results that bad? The key message for me from the H1 numbers is that BT can increase its earnings even when revenues drop. Specifically, revenue fell 3% year on year to £10.1bn. However, earnings rose 1%, to £4.1bn. The discrepancy is mainly due to ongoing cost-cutting, which saw £433m gross annualised savings during H1. Looking ahead, Britain’s biggest broadband and mobile…
Cathie Wood’s ARK ETFs have disclosed their daily trades for Monday, November 11th, 2024, revealing a mix of strategic buys and sells across the technology and biotech sectors. Leading the sales was a significant reduction in Unity Software Inc (NYSE:), with ARK divesting a total of 774,455 shares across its ARKK and ARKW ETFs, totaling approximately $15.88 million. This move comes after a series of recent sales in Unity stock by ARK, indicating a potential shift in the fund’s investment strategy regarding the video game software company. On the buying side, ARK’s largest acquisition was in Pacific Biosciences (NASDAQ:) of…
PARIS–(BUSINESS WIRE)–Regulatory News: TotalEnergies (EPA:) SE (the Company) (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the launch of a tender offer (the Tender Offer) intended to repurchase its €2,500,000,000 Undated Non-Call 10 Year Deeply Subordinated Fixed Rate Resettable Notes with a first call date on 26 February 2025 (ISIN: XS1195202822) issued by the Company on 26 February 2015 (all of which are currently outstanding) and admitted to trading on Euronext (EPA:) Paris (the Notes) for cash up to a maximum aggregate principal amount expected to be equal to the aggregate principal amount of the New Notes (as defined herein) to be issued and…
An Ethereum researcher’s social media post has sparked speculation over a potential solution for the layer-1 blockchain’s scalability challenges.On Nov. 11, Ethereum researcher Justin Drake posted on X that he would announce an “ambitious” initiative for Ethereum. Drake said he had contemplated a “from-scratch” redesign of the Ethereum consensus layer, which some interpret as a step toward solving its scalability issues.Source: Justin DrakeThe researcher said his goal would be to suggest a strategy to ship a Beacon Chain road map. He is expected to share the proposal at Devcon in Bangkok, Thailand, on Nov. 12.Community speculates about ETH 3.0Following Drake’s…
By Asif Shahzad ISLAMABAD (Reuters) -The International Monetary Fund’s Pakistan mission chief Nathan Porter on Tuesday opened unusual talks with Pakistan over a $7 billion bailout approved by its board in September, the finance ministry and sources said. The unscheduled visit of the IMF mission and talks beginning with meeting the country’s finance team are too early for first review of the IMF’s Extended Fund Facility (EFF), which is due in the first quarter of 2025. The chiefs of Pakistan’s central bank and federal board of revenue also attended the meeting besides other officials from both the sides, the statement…