March 30, 2023: On Wednesday, Bitcoin ascended as investors shrugged off initial fears about what is surrounding U.S. regulators’ crackdowns on industry firms and became willing to take some risk.
According to Coin Gecko data, the world’s significant cryptocurrency surged 5% in the previous 24 hours to $28,474. Bitcoin has retaken the $28,000 level after decreasing below it following news of the U.S. Commodity Futures Trading Commission FTC’s lawsuit regarding Binance.
Ether, the next-biggest digital coin, increased over 6% to $1,816.10.
Bitcoin has steadily risen this year after a brutal 2022 that saw the collapses of major crypto exchanges and sharp decreases in prices. Investors have taken a little comfort from the thought of reversing the U.S. Federal Reserve’s interest price hiking moves, which put pressure on risk assets such as stocks.
However, it comes from a broad increase in U.S. stocks. Bitcoin has been known to go after movements in the equity business, with investors treating it as more of a traditional risk asset.
Nasdaq futures increased 100 points, or 0.9%, Wednesday forenoon.
U.S. regulators have recently sharpened their crackdown on crypto firms, with the CFTC suing Binance and its co-founder Changpeng Zhao for breaking trading rules by courting customers in the U.S. without authorization.
The Securities and Exchange Commission has threatened legal action against Coinbase for violating securities laws.
The banking crisis lending program called the Bank Term Funding Program, or BTFP, aims to help banks meet their obligations to depositors.
Proponents of bitcoin say it can function as a store of value in times of economic distress and money people can have without needing a bank account.
Therefore, it is incredibly volatile and has been known to swing or go down 10% in hours.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
AspenTech, a Massachusetts-based company, plays a pivotal role in the oil and gas industry by leveraging cutting-edge technologies, including AI (artificial intelligence). Let’s delve into how AspenTech contributes to this dynamic sector
It’s no secret that oil and gas is a boom-and-bust industry. Production is currently up, projected to increase to 13.7 million barrels daily in 2024. But this won’t last forever. Whether production is up or down, the key to maximizing production, optimizing efficiency, and taking advantage of increased profits is innovation, digital transformation,and automation.For stakeholders looking to deliver safer, more efficient, and cheaper energy, innovation and automation must be a top priority. Those who fall behind in the race to innovate, ultimately, run the risk of losing market share.
Talking to Thomas Hundertmark, a senior partner in McKinsey’s Houston office, Darren Woods is chairman and CEO of ExxonMobil made some crucial points and also gave some insights on what the conglomerate was doing in order to save the climate.
When Darren Woods took the reigns of ExxonMobil six years ago, no one could have anticipated that the Kansas resident would soon face what Texas oil patch vets call “a whole pile of trouble.” Three years later, the oil market collapsed during the COVID-19 pandemic, which dealt the 140-year-old oil organization its first annual upset in four decades.
Today oil and gas producers face severe regulatory and public relations obstacles due to the concern with greenhouse gases and resource depletion. Calgary-based start-up, Advanced Upstream (“AU”), has been disrupting the oil and gas industry with simple and reliable innovative technologies. AU’s products help the oil and gas producers to enhance energy production while reducing the corresponding environmental impact. By decreasing personnel and time on site, and lowering overall HSE risks across the board, the clients can see a notable improvement in their ESG rating, contributing to their bottom line.
Jasmin Staiblin, Chief Executive Officer of ABB Switzerland, says, “Global energy consumption continues to grow and, if left unabated, will lead to an ever-greater risk of irreversibly changing our climate. To take advantage of more sustainable energy sources, the energy landscape is in a state of profound change to allow the integration of increasing amounts of renewable energy sources into the grid, to allow infrastructure to run more intelligently and efficiently, and to ensure the supply of energy is available at all times.
The activation of the Fallon Two Rock solar farm project has recently bolstered the Californian energy …