Author: Steven Sahiounie

Almost half of South Korean crypto holders think Bitcoin (BTC) prices will rise this week, a survey has found. The survey was conducted by the researcher Pharos Labs (Kratos) and the crypto market information provider Coinness – and reported by the media outlet CoinReaders. The firms said they spoke to 2,000 people last week to gauge their opinions on the crypto market – with 45% predicting a BTC price rise. While almost 7% predicted a “sudden jump” in prices, not all were optimistic: 2% thought a “sudden sharp drop” was in the cards. And almost 14% said they were either “fearful” or “extremely fearful” about…

Bitcoin’s recent price movement has caught the attention of crypto investors and enthusiasts as a massive transfer of $230 million worth of BTC was made to an unknown wallet by a whale investor. This event has fueled speculation about what the transfer could mean for Bitcoin’s price in the near future.  The crypto market has been experiencing significant volatility in recent weeks, and this latest development has added to the uncertainty surrounding BTC’s trajectory. In this article, we will examine the potential factors that could impact Bitcoin’s price and make a prediction about where it could be headed next. Silvergate…

Israeli settlers this evening stormed the outskirts of at-Tira neighborhood in Ramallah and performed religious rituals in the area, according to security sources. Settlers, backed by military forces, stormed the outskirts of at-Tira neighborhood and performed Talmudic rituals there, provoking Palestinians and leading to confrontations between them and the military forces who provided protection to settlers. Israeli settlers’ vandalism in the occupied West Bank is routine and is done with full backing by the Israeli authorities, said the Israeli human rights group B’Tselem. “Settler violence and vandalism take place with full backing by the Israeli authorities. Sometimes soldiers take part…

The two nations under restrictions are aiming to protect bilateral trade, an envoy has said Moscow and Havana have been implementing financial mechanisms to shield their economic cooperation from US sanctions, Russian Ambassador to Cuba Andrey Guskov revealed last week. “The introduction of independent settlement mechanisms is being successfully carried out, which will help protect cooperation with Cuba from the negative impact of the US trade, economic and financial blockade, as well as establish ties bypassing the financial organizations of unfriendly states,” the Russian diplomat said. In January, the chairman of the Russia-Cuba Business Council, Boris Titov, said that in order…

The Chinese currency has outperformed the greenback by volume of trading on the Moscow Exchange for the first time on record The Chinese yuan has overtaken the US dollar as the most traded currency on the Russian stock market for the first time ever, business daily Kommersant reported on Monday. According to the outlet’s estimates, based on data from the Moscow Exchange (MOEX), the yuan was the most traded currency in February, displacing the US dollar from the top spot. Statistics showed that, over the month, the volume of Chinese currency trading exceeded 1.48 trillion rubles ($19.6 billion), which is…

Commander Zaluzhny called for a withdrawal from a key city, but the president has refused, the newspaper reported An internal conflict is underway between Ukrainian President Vladimir Zelensky and General Valery Zaluzhny, commander-in-chief of the armed forces, according to government sources cited by Bild on Monday. Kiev insiders told the German tabloid that the military commander called for a withdrawal from a key Donbass city weeks ago. Zaluzhny advised the president to abandon Artyomovsk, known as Bakhmut in Ukraine, rather than keep defending it as Russian troops threatened to take control of the city, the newspaper reported. However the Ukrainian leader…

Toblerone will no longer use the image of the Matterhorn mountain peak due to strict Swiss rules The distinctive triangular Swiss Toblerone chocolate is losing the Matterhorn mountain image from its branding as production will soon no longer be based exclusively in Switzerland. The new wrapping will feature a generic mountain design instead, the confectionery brand’s US owner Mondelez has revealed. The company had earlier decided to shift some of the Toblerone production to its plant in the Slovakian capital of Bratislava from the end of 2023, where it also produces the Milka chocolate brand. “The packaging redesign introduces a…

Moscow says it has halted oil supplies to Warsaw via the “Druzhba” pipeline due to nonpayment for transit Poland will demand compensation from Russia over the ongoing halt in crude supplies to its refineries, Daniel Obajtek, CEO of the country’s leading oil refiner and retailer Orlen, announced on Monday. Russian state-owned pipeline operator Transneft, which runs the a section of the “Druzhba” (“Friendship”) connector explained that in late February, Moscow suspended crude supplies after Poland stopped paying for deliveries. Company spokesman Igor Demin noted that “routing orders with confirmed resource and transit payments were not processed,” and that “operational changes were made to the…

US stock indexes fell on Thursday after data pointing to a tight labor market sparked worries that the FederalReserve will continue with its aggressive rate-hiking cycle that could potentially tip the economy into arecession.The Labor Department’s report showed a surprise fall in US weekly jobless claims, highlighting labor market resilience in ahigher interest rate environment.The report did not change expectations that the Fed will further scale back the size of its interest rate increases nextmonth, hopes of which were sparked by a slump in retail sales in December and a retreat in inflation in the previoussession.A separate survey of goods…

The US government posted a $39 billion budget deficit for January after a $119 billion monthlysurplus a year earlier, as revenues dipped and one-time costs, including the bailout of a unionpension fund, pushed outlays sharply higher, the Treasury Department said on Friday.The report, which comes as Treasury employs extraordinary cash management measures to avoidbreaching the federal debt limit, showed receipts at $447 billion last month, down $18 billion, or 4%, fromJanuary 2022.Outside of the one-time costs, the budget data did not show major shifts from recent trends of slightlyslowing revenues and rising costs for Medicare, Social Security and interest on…