Author: Steven Sahiounie

Bitcoin (BTC) price drops to a new low of $27,557 before rising again. Bitcoin price long term forecast: bullish The price slide was triggered by a sharp rejection in the $29,000 resistance area. Since March 19, buyers have consistently held the price above the $28,000 level, but have been unable to break above the $29,000 ceiling. At the time of writing, the price of one bitcoin is at $28,340. Buyers are currently making a second attempt to keep the price above the $29,000 level. On March 30, buyers held the price above the $29,000 resistance level, but were rebuffed at…

Exactly 200 days after Ethereum transitioned from the energy-intensive Proof-of-Work to Proof-of-Stake consensus mechanism, the impact of changing network tokenomics became clear. After The Merge, the number of rewards given out to those who manage the network decreased. Combined with the previously introduced burn mechanism, which burns a portion of the fees generated from transactions, this has resulted in a reduction in the supply of Ether. Since The Merge, the total supply of Ether has decreased by 75,000 ($134.5 million), representing an annual decline of 0.114%. By comparison, if The Merge had never taken place, the total supply of ether…

In a surprising move, Saudi Arabia and the OPEC+ group of producers have announced a cut in oil production of approximately 1.6 million barrels per day. While the move is aimed at achieving market stability, according to a recent report from the Financial Times, Saudi Arabia is attempting to adopt an economic strategy that is independent of the United States. Saudi’s unexpected cut in oil production The decision to cut oil production comes as a surprise, particularly as it is lower than the expected reduction of 2 million barrels per day that was to be agreed upon during the meeting…

Russian President Vladimir Putin signed a decree according to which the city of Kazan, the capital of the Republic of Tatarstan, will host the meeting of heads of state of the “BRICS” group in the year 2024. And the text of the decree, which was published today, Monday, on the official portal of government information, stated: “Determining (the city of) Kazan as the venue for the 2024 meeting of (BRICS) heads of state.” The Russian President also instructed, by decree, to establish an organizing committee headed by Assistant to the Russian President Yuri Ushakov. Within a month, Ushakov will have…

The planet appears to be at a major crossroads when it comes to meeting climate-related goals. Discussions about how to mitigate the effects of climate change are closely tied to the energy transition, which can broadly be seen as a plan to shift away from fossil fuels to a system in which renewables dominate. It’s difficult to predict how the transition will pan out, given that it depends on a complex combination of factors, such as technology, finance and international cooperation. The topic was covered in detail during a recent panel discussion moderated by CNBC’s Steve Sedgwick. “We need to…

Irina Volk noted that by decision of the Russian Interior Ministry leadership, a group of officers from the ministry’s Main Directorate of Internal Affairs is working in St. Petersburg Law enforcement officers detained Darya Trepova, suspected of the murder of prominent war correspondent Vladlen Tatarsky, in her rented apartment, Russian Interior Ministry Spokesperson Irina Volk told TASS on Monday. “As a result of active search measures, police officers together with their colleagues from the region’s office of the Russian FSB have detained Darya Trepova, suspected of being involved in the blast at a cafe on Universitetskaya Embankment, 25, which killed…

Several OPEC+ members are set to tighten global production by an additional 1.16 million barrels per day until the end of the year, further burdening central bank efforts to curtail global inflation — but critically protecting the alliance’s broader output strategy from political pressures. Washington has stepped in to criticize Sunday’s announcement where eight OPEC+ producers — including group leader Saudi Arabia and key allies Kuwait and the UAE — said they would remove more than a combined 1 million barrels per day from global oil markets, as part of an independent initiative unlinked to the broader OPEC+ policy. This…

Vladislav Shapsha said that Belarus was a very reliable partner for the Kaluga Region, which implemented projects in the industrial, agricultural, scientific, educational and cultural spheres Belarus and Russia have considerably intensified bilateral cooperation amid the complicated geopolitical situation, and Minsk’s contacts with Russian regions have made a significant contribution to this, Belarusian President Alexander Lukashenko said on Monday at a meeting with Kaluga Region Governor Vladislav Shapsha. “Our countries, Russia and Belarus, have become much closer to each other in recent years, and we can say it openly. And not only through our relations at the highest political level,…

The areas where the US occupation forces are deployed in cooperation with QSD militia affiliated with it witnessed excavations for antiquities, looting and smuggling them abroad, and to other unknown bodies of these forces and the separatist militia. Local sources in Qamishli western countryside confirm to SANA reporter that the US occupation forces, which have been positioned on the side of Tell Mozan, south of Amuda, since 2014, have expanded the areas they consider prohibited military zones, in cooperation with QSD militia, and have subjected the area to strict security measures, to facilitate the removal of the artefacts that they…

Germany’s Minister of Economy and Energy pays an unexpected visit to Ukraine on Monday, as he plans to discuss the rebuilding process with Ukrainian officials. Robert Habeck, Germany’s Minister of Economy and Energy, paid a previously unannounced visit to Kiev this Monday morning in order to discuss post-war reconstruction with Ukrainian officials. A Ministry spokesperson confirmed to AFP that the Minister did arrive in Kiev but refused to give further details due to “security reasons”. Habeck traveled by train and was accompanied by a small business delegation, as reported by German media. Among those traveling with Habeck was Siegfried Russwurm, the head…