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  • 05.07.2019 | The Business of sustainability: is the world of finance ready to go green?




    Investors are increasingly keen on putting their money into sustainable projects. From the traditional greenwashing, they’re shifting to a real investment, with the perspective of making profits, and helping the Planet survive. Investing in “dirty” sectors has become riskier, and at a medium-long term, everyone agrees that there’s no future in keeping polluting the Earth. The second edition of the Transition Forum, organised by private equities specialists Aqua Asset Management under the patronage of His Serene Highness Albert II, Prince of Monaco, gathered some 250 participants between Corporate actors (30%) financial (15%) non-profit organisations (15%) startups and regional representatives. The theme of this edition was “Shifting to Sustainable Lifestyles”. The Forum organised keynote speeches, but also meetings with entrepreneurs on the key themes of Mobility, Food, Housing, and Production & Consumption. It also proposed networking sessions allowing investors to meet the startups. 'We all agree it's very urgent'The first consensus at the Forum was that it is urgent, very urgent to act. The record heatwave that struck Europe on June 26 and 27, and didn’t spare Monaco was somehow highlighting it. Multi-Michelin Starred Chef Pierre Gagnaire explained how he is a witness to degradation. “I have known a time where turbots weighed 15 kilos. Now a big turbot is about 4 kilograms”. He nevertheless feels optimistic when he sees serious initiatives empowering the shift towards a sustainable economy. French primatologist Sabrina Krief also called to act promptly by explaining the impact of human activity on Ugandan chimpanzees. The primates in the area are born with deformities, fertility problems probably due to the impacts of intensive tea monoculture in the region. Also striking, the call of serial entrepreneur Gunter Pauli to stop plastic pollution “I’m fed up of hearing about the analysis and reports. We need to start going into action. Birds and fish are dying because their liver is being mummified by microplastics”. He is currently working on a project to tackle the problem of microplastics along the coast of Morocco through an innovative seaweed curtains system. “We all want to change the world, as the Beatles sung in 'Revolution', in the same manner, many people say they want to stop Climate Change, but the evidence shows that those words are not always followed by action,” said Transition Forum co-founder Lionel le Maux. The Forum started last year to bring together a network of experts from all boards, entrepreneurs, NGO and investors. Lionel Le Maux at the opening of the Transition Forum Marina Canossa/© Transition Forum Ok, let’s change the world. But how?The Transition Forum also reflected some of the difficulties around this shift to a sustainable economy, as there is no a single way to understand what it means. Does it make sense to remove all fossil fuel cars from our roads then start buying electric vehicles at a massive scale? Would that be sustainable if the most populated countries do the same? Of course, it is, and would be a tremendous business but: Is it really sustainable? The solution for some is to shift to less polluting organic fuels like biogas, others will tell you that the only way forward is to improve public transport infrastructures or even developing car sharing, automated cars, electric scooter or electric bicycle models. Mobility adviser and visionary Timothy Papandreou thinks that the future is a wise mix of all these. On food, the debate turns around the production models. Chef Pierre Gagnaire dismissed the "all organic" fashion saying that the reasonable production and consumption is the way forward. But the proposals to take the way of food transition are very diverse: from using microalgae as a natural pesticide to flies as a source of protein for poultry and fish farming... There is no a magic recipe either to tackle the sustainable housing and the cities of the future, but the Forum showed some of them: from those who think that the future cities should be hyper connected through fibre to those proposing solutions for low environmental impact construction materials, or reusing the existing structures. French filmmaker and diver Julie Gauthier made passionate advocacy of economic decrease as the only real solution to spare the Blue Planet from disaster. “The Green economy, new ways of consumption are very important, but it has to go along with an economic degrowth, we can’t only focus on consuming ‘better’ and more, we have to reduce consumption”. Julie Gauthier defends economic decrease as a solution for environmental crisis Marina Canossa/© Transition Forum Is the economy ready to go green?Our economic and financial model is often pointed as one of the main causes of pollution and Climate Change. Are they ready to become part of the solution? Global investors are increasingly keen in buying assets of the green economy, “if people start to look at their capital differently, then the world will start to change” said Kanini Mutooni, Managing Director of Toniic Impact Network, a “club” of investors focused on the so-called impact investing. “Let’s be clear, an impact investor is not a philanthropist, we are not philanthropists, we are about deploying capital for a social and an environmental return as well as a financial return”. She thinks that without a financial return investors won’t play the sustainable economy game “being a philanthropist is ok but for me, it’s not a sustainable way to solve the problems that we have in the world right now". She calls for measure tools on impact investment. Lionel le Maux, which has been investing in the green economy for 10 years, thinks that it’s not that much that investors are ready but that increasingly Climate Change consumers are imposing a new sustainable economy. The panel "Visions for a clean future" gathered investors and specialists Marina Canossa/© Transition Forum André Nicolas from Phenix food waste recovery startup asks himself if it’s a new short-lived fashion but agrees that impact investing is becoming a trend, and there’s more and more capital available. He acknowledges some contacts from investors during the forum which, seemingly it's not only useful as a networking community. For Sycomore Asset Management specialist Anne-Claire Abadie it is essentially institutions and the younger investors who are the most interested in taking part in the green economy revolution. "Beyond the demands of our clients, we think it's an issue in which it's compulsory to act, so we are voluntarily getting involved in it. " She explains that both startups and corporations are very dynamic in the green economy and their initiatives and projects are more and more realistic, solid and profitable. At the Transition Forum there was also representation of the European Venture Philanthropy Association lobby (EVPA). The group includes some of the most pollutant multinational corporations foundations advocating for venture philanthropy and “passion investment”. But while some might criticise their implication on environmental issues as hypocrite, the shift towards a real change is impossible without them being involved.       https://quantsalus.com/faq/...

    Investors are increasingly keen on putting their money into sustainable projects. From the traditional greenwashing, they’re shifting to a real investment, with the perspective of making profits, and helping the Planet survive. Investing in “dirty” sectors has become riskier, and at a medium-long term, everyone agrees that there’s no future in keeping polluting the Earth.

    The second edition of the Transition Forum, organised by private equities specialists Aqua Asset Management under the patronage of His Serene Highness Albert II, Prince of Monaco, gathered some 250 participants between Corporate actors (30%) financial (15%) non-profit organisations (15%) startups and regional representatives. The theme of this edition was “Shifting to Sustainable Lifestyles”.

    The Forum organised keynote speeches, but also meetings with entrepreneurs on the key themes of Mobility, Food, Housing, and Production & Consumption. It also proposed networking sessions allowing investors to meet the startups.

    'We all agree it's very urgent'The first consensus at the Forum was that it is urgent, very urgent to act. The record heatwave that struck Europe on June 26 and 27, and didn’t spare Monaco was somehow highlighting it.

    Multi-Michelin Starred Chef Pierre Gagnaire explained how he is a witness to degradation. “I have known a time where turbots weighed 15 kilos. Now a big turbot is about 4 kilograms”. He nevertheless feels optimistic when he sees serious initiatives empowering the shift towards a sustainable economy.

    French primatologist Sabrina Krief also called to act promptly by explaining the impact of human activity on Ugandan chimpanzees. The primates in the area are born with deformities, fertility problems probably due to the impacts of intensive tea monoculture in the region.

    Also striking, the call of serial entrepreneur Gunter Pauli to stop plastic pollution “I’m fed up of hearing about the analysis and reports. We need to start going into action. Birds and fish are dying because their liver is being mummified by microplastics”. He is currently working on a project to tackle the problem of microplastics along the coast of Morocco through an innovative seaweed curtains system.

    “We all want to change the world, as the Beatles sung in 'Revolution', in the same manner, many people say they want to stop Climate Change, but the evidence shows that those words are not always followed by action,” said Transition Forum co-founder Lionel le Maux. The Forum started last year to bring together a network of experts from all boards, entrepreneurs, NGO and investors.

    Lionel Le Maux at the opening of the Transition Forum Marina Canossa/© Transition Forum

    Ok, let’s change the world. But how?The Transition Forum also reflected some of the difficulties around this shift to a sustainable economy, as there is no a single way to understand what it means.

    Does it make sense to remove all fossil fuel cars from our roads then start buying electric vehicles at a massive scale? Would that be sustainable if the most populated countries do the same? Of course, it is, and would be a tremendous business but: Is it really sustainable?

    The solution for some is to shift to less polluting organic fuels like biogas, others will tell you that the only way forward is to improve public transport infrastructures or even developing car sharing, automated cars, electric scooter or electric bicycle models. Mobility adviser and visionary Timothy Papandreou thinks that the future is a wise mix of all these.

    On food, the debate turns around the production models. Chef Pierre Gagnaire dismissed the "all organic" fashion saying that the reasonable production and consumption is the way forward. But the proposals to take the way of food transition are very diverse: from using microalgae as a natural pesticide to flies as a source of protein for poultry and fish farming...

    There is no a magic recipe either to tackle the sustainable housing and the cities of the future, but the Forum showed some of them: from those who think that the future cities should be hyper connected through fibre to those proposing solutions for low environmental impact construction materials, or reusing the existing structures.

    French filmmaker and diver Julie Gauthier made passionate advocacy of economic decrease as the only real solution to spare the Blue Planet from disaster. “The Green economy, new ways of consumption are very important, but it has to go along with an economic degrowth, we can’t only focus on consuming ‘better’ and more, we have to reduce consumption”.

    Julie Gauthier defends economic decrease as a solution for environmental crisis Marina Canossa/© Transition Forum

    Is the economy ready to go green?Our economic and financial model is often pointed as one of the main causes of pollution and Climate Change. Are they ready to become part of the solution?

    Global investors are increasingly keen in buying assets of the green economy, “if people start to look at their capital differently, then the world will start to change” said Kanini Mutooni, Managing Director of Toniic Impact Network, a “club” of investors focused on the so-called impact investing. “Let’s be clear, an impact investor is not a philanthropist, we are not philanthropists, we are about deploying capital for a social and an environmental return as well as a financial return”. She thinks that without a financial return investors won’t play the sustainable economy game “being a philanthropist is ok but for me, it’s not a sustainable way to solve the problems that we have in the world right now".

    She calls for measure tools on impact investment.

    Lionel le Maux, which has been investing in the green economy for 10 years, thinks that it’s not that much that investors are ready but that increasingly Climate Change consumers are imposing a new sustainable economy.

    The panel "Visions for a clean future" gathered investors and specialists Marina Canossa/© Transition Forum

    André Nicolas from Phenix food waste recovery startup asks himself if it’s a new short-lived fashion but agrees that impact investing is becoming a trend, and there’s more and more capital available. He acknowledges some contacts from investors during the forum which, seemingly it's not only useful as a networking community.

    For Sycomore Asset Management specialist Anne-Claire Abadie it is essentially institutions and the younger investors who are the most interested in taking part in the green economy revolution.

    "Beyond the demands of our clients, we think it's an issue in which it's compulsory to act, so we are voluntarily getting involved in it. "

    She explains that both startups and corporations are very dynamic in the green economy and their initiatives and projects are more and more realistic, solid and profitable.

    At the Transition Forum there was also representation of the European Venture Philanthropy Association lobby (EVPA). The group includes some of the most pollutant multinational corporations foundations advocating for venture philanthropy and “passion investment”. But while some might criticise their implication on environmental issues as hypocrite, the shift towards a real change is impossible without them being involved.

     

     

     

    https://quantsalus.com/faq/


    03.07.2019 | Netflix Rises Midday After It Scores Deal at Iconic UK Studio




    Investing.com - Netflix (NASDAQ:NFLX) is determined to dominate the TV and movie sector and it may have just landed a deal that will help it get there. The streaming service made a deal with Shepperton Studios to set up a permanent production space there, The Guardian reported. Shepperton Studios, which has created films like "Alien" and "Mary Poppins Returns," will make up about half of Netflix’s $13 billion annual production budget in the UK. The studio space will allow Netflix to continue to build out its own films and shows. The first production at Shepperton Studios will be "The Old Guard," starring Charlize Theron. Netflix was up 1.4% in midday trade on Wednesday.   © Reuters.   https://quantsalus.com/about/...

    Investing.com - Netflix (NASDAQ:NFLX) is determined to dominate the TV and movie sector and it may have just landed a deal that will help it get there.

    The streaming service made a deal with Shepperton Studios to set up a permanent production space there, The Guardian reported.

    Shepperton Studios, which has created films like "Alien" and "Mary Poppins Returns," will make up about half of Netflix’s $13 billion annual production budget in the UK.

    The studio space will allow Netflix to continue to build out its own films and shows.

    The first production at Shepperton Studios will be "The Old Guard," starring Charlize Theron.

    Netflix was up 1.4% in midday trade on Wednesday.

     

    © Reuters.

     

    https://quantsalus.com/about/


    02.07.2019 | Bitcoin Toys with $10,000 as Analysts Contemplate Depth of Correction




    Investing.com - Bitcoin wavered around the $10,000 psychological level on Tuesday as analysts weigh the depth of the recent correction. Bitcoin gained 2.3% to $10,540.2 on the Investing.com Index by 11:00 AM ET (15:00 GMT). With the volatility typical of the largest cryptocurrency by market capitalization, bitcoin traded in a range of nearly $1,000 on Tuesday, crossing the $10,000 handle in both directions on several occasions throughout the session. Its intraday low of $9,728.50 overnight, on what would have been its fourth-straight day of losses, implied a 30% plunge from the 2019 high of $13,929.8 reached just six days ago. Despite the correction, the alt coin remains well above $7,888, where a two-week rally began on June 11. Although up 176% so far this year, bitcoin remains well below record highs of nearly $20,000 reached in December 2017. Investing.com analyst Pinchas Cohen said that, despite the slight rebound, “the price is clearly teetering on the edge of a bear market”. He noted that the recent pullback caused bitcoin to drop by $4,000, roughly two-thirds of the rally seen in June. “Strictly speaking, that should be the maximum correction within a trend,” Cohen said in daily commentary, emphasizing that anything more would increase the probability of a reversal. Cohen did warn however that the alt coin did not necessarily fit into traditional asset analysis and said he felt inclined to bet on further correction toward the $9,000 level. In an even more bearish stance, Nouriel Roubini, chief executive of Roubini Macro Associates, once again repeated his call for bitcoin to zero and beyond. Despite having lost a third of its value in less than a week, Roubini indicated that it was “still a long way to less than zero as its true value is negative, not zero, given its toxic externalities!” “It will get to zero in due time,” he said in a tweet. Cryptocurrencies overall traded lower on Tuesday, despite gains seen in the largest coins. The total cryptocurrency market capitalization fell to $305.25 billion, compared with $310.66 billion a day earlier.   © Reuters.   https://quantsalus.com/contacts/...

    Investing.com - Bitcoin wavered around the $10,000 psychological level on Tuesday as analysts weigh the depth of the recent correction.

    Bitcoin gained 2.3% to $10,540.2 on the Investing.com Index by 11:00 AM ET (15:00 GMT).

    With the volatility typical of the largest cryptocurrency by market capitalization, bitcoin traded in a range of nearly $1,000 on Tuesday, crossing the $10,000 handle in both directions on several occasions throughout the session.

    Its intraday low of $9,728.50 overnight, on what would have been its fourth-straight day of losses, implied a 30% plunge from the 2019 high of $13,929.8 reached just six days ago.

    Despite the correction, the alt coin remains well above $7,888, where a two-week rally began on June 11. Although up 176% so far this year, bitcoin remains well below record highs of nearly $20,000 reached in December 2017.

    Investing.com analyst Pinchas Cohen said that, despite the slight rebound, “the price is clearly teetering on the edge of a bear market”.

    He noted that the recent pullback caused bitcoin to drop by $4,000, roughly two-thirds of the rally seen in June.

    “Strictly speaking, that should be the maximum correction within a trend,” Cohen said in daily commentary, emphasizing that anything more would increase the probability of a reversal.

    Cohen did warn however that the alt coin did not necessarily fit into traditional asset analysis and said he felt inclined to bet on further correction toward the $9,000 level.

    In an even more bearish stance, Nouriel Roubini, chief executive of Roubini Macro Associates, once again repeated his call for bitcoin to zero and beyond.

    Despite having lost a third of its value in less than a week, Roubini indicated that it was “still a long way to less than zero as its true value is negative, not zero, given its toxic externalities!”

    “It will get to zero in due time,” he said in a tweet.

    Cryptocurrencies overall traded lower on Tuesday, despite gains seen in the largest coins. The total cryptocurrency market capitalization fell to $305.25 billion, compared with $310.66 billion a day earlier.

     

    © Reuters.

     

    https://quantsalus.com/contacts/


    01.07.2019 | Bitcoin Hashrate Records Another All-time High Level




    These days are quite interesting for the cryptocurrency industry, even if the prices aren’t necessarily heading where most people would like. That situation can always change without too many problems, but it remains to be seen how things will evolve. As far as the Bitcoin hashrate is concerned, it seems things are heading in the right direction.  Another Bitcoin Hashrate Surge While the current price of Bitcoin is not necessarily making too many people too happy – compared to a few days ago – there is nothing to be overly concerned about either. It seems a status quo is being maintained, albeit there are still a lot of volatile price swings to take into account. The price alone doesn’t necessarily dictate what the future will hold for the world’s leading cryptocurrency.  One of the more compelling statistics in this regard is the Bitcoin hashrate. Miners control the network and make valuable contributions to the transactions being processed, among other things. As such, a surge in hashrate can mean many different things, although it does not necessarily affect the BTC price itself. Instead, it seems the price will determine how the hashrate is evolving accordingly.  Over the past few months, there has been a notable increase as far as the Bitcoin hashrate is concerned. Given the price rise during the same period, it is not entirely surprising to see more mining hardware coming online. This uptrend has been notable since early 2019 and shows no signs of slowing down in the near future. For the industry, that is a very prominent sign, as it shows everything behind the scenes is still going according to plan.  What is rather intriguing is how the Bitcoin hashrate has suddenly surged to another new all-time high. With the overall mining power hitting 69 exohash per second, one has to wonder who is bringing all of this hardware online all of a sudden. There are some rumors as to how a new ASIC unit is making the rounds, although no one knows exactly if that is the case. Bitfury would make an interesting candidate if this rumor is indeed true.  As the hashrate continues to climb, there should be no real problems in terms of delayed Bitcoin transactions moving forward. That is, unless spam attacks would effectively create thousands of small transactions to fill up the available block space. The world’s leading cryptocurrency still needs a proper scaling solution, unless mass adoption of the Lightning Network would occur overnight. So far, that seems rather unlikely. For the Bitcoin community, this new surge is positive news. It shows it is profitable to mine the world’s leading cryptocurrency for most parties, albeit no one knows exactly who those entities are at this time. Nor is it clear if the mined BTC will be sold off to offset the costs or simply kept in associated wallets. A very interesting situation to keep an eye on, as it shows the cryptocurrency industry is far from dead at this point. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.   Image(s): Shutterstock.com   https://quantsalus.com/rules/ ...

    These days are quite interesting for the cryptocurrency industry, even if the prices aren’t necessarily heading where most people would like. That situation can always change without too many problems, but it remains to be seen how things will evolve. As far as the Bitcoin hashrate is concerned, it seems things are heading in the right direction. 

    Another Bitcoin Hashrate Surge

    While the current price of Bitcoin is not necessarily making too many people too happy – compared to a few days ago – there is nothing to be overly concerned about either. It seems a status quo is being maintained, albeit there are still a lot of volatile price swings to take into account. The price alone doesn’t necessarily dictate what the future will hold for the world’s leading cryptocurrency. 

    One of the more compelling statistics in this regard is the Bitcoin hashrate. Miners control the network and make valuable contributions to the transactions being processed, among other things. As such, a surge in hashrate can mean many different things, although it does not necessarily affect the BTC price itself. Instead, it seems the price will determine how the hashrate is evolving accordingly. 

    Over the past few months, there has been a notable increase as far as the Bitcoin hashrate is concerned. Given the price rise during the same period, it is not entirely surprising to see more mining hardware coming online. This uptrend has been notable since early 2019 and shows no signs of slowing down in the near future. For the industry, that is a very prominent sign, as it shows everything behind the scenes is still going according to plan. 

    What is rather intriguing is how the Bitcoin hashrate has suddenly surged to another new all-time high. With the overall mining power hitting 69 exohash per second, one has to wonder who is bringing all of this hardware online all of a sudden. There are some rumors as to how a new ASIC unit is making the rounds, although no one knows exactly if that is the case. Bitfury would make an interesting candidate if this rumor is indeed true. 

    As the hashrate continues to climb, there should be no real problems in terms of delayed Bitcoin transactions moving forward. That is, unless spam attacks would effectively create thousands of small transactions to fill up the available block space. The world’s leading cryptocurrency still needs a proper scaling solution, unless mass adoption of the Lightning Network would occur overnight. So far, that seems rather unlikely.

    For the Bitcoin community, this new surge is positive news. It shows it is profitable to mine the world’s leading cryptocurrency for most parties, albeit no one knows exactly who those entities are at this time. Nor is it clear if the mined BTC will be sold off to offset the costs or simply kept in associated wallets. A very interesting situation to keep an eye on, as it shows the cryptocurrency industry is far from dead at this point.

    Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

     

    Image(s): Shutterstock.com

     

    https://quantsalus.com/rules/



    01.07.2019 | T




      News on the Move: HK protests turn violent, Trump and Kim in the DMZ and more https://t.co/rB3r5nmb09 @YahooFinance — Quantsalus.com (@quantsalus) 1 2019 .    ...

     

     



     


    30.06.2019 | White House official: New sales to China's Huawei to cover only widely available goods




    WASHINGTON (Reuters) - President Donald Trump's decision to allow expanded sales of U.S. technology supplies to Chinese telecommunications giant Huawei will only apply to products widely available around the world, and leave the most sensitive equipment off limits, a top White House aide said on Sunday. "All that is going to happen is Commerce will grant some additional licenses where there is a general availability" of the parts the company needs, National Economic Council chairman Larry Kudlow said on "Fox News Sunday." U.S. microchip firms in particular "are selling products that are widely available from other countries ... This not a general amnesty ... The national security concerns will remain paramount," he said. The partial lifting of restrictions on Huawei was a key element of the agreement reached over the weekend between President Donald Trump and Chinese President Xi Jinping to reopen stalled trade negotiations between the two countries. It has drawn bipartisan criticism from U.S. Senators concerned that Huawei has close ties to Chinese intelligence agencies that could exploit the global distribution of its technology. "There will be a lot of pushback if it is a major concession," to Huawei, South Carolina Republican Senator Lindsay Graham said on "Meet the Press." Huawei, the world's biggest telecommunications equipment maker and No.2 smartphone maker, denies its products pose a security threat and has sought to fight back in U.S. courts since Washington put it on an export blacklist last month. Kudlow said that designation would remain. Kudlow said the broader concerns about Huawei will be part of the renewed discussions. The agreement over the weekend "is not the last word," Kudlow said.   © Reuters. A Huawei logo is pictured at Mobile World Congress (MWC) in Shanghai   https://quantsalus.com/contacts/...

    WASHINGTON (Reuters) - President Donald Trump's decision to allow expanded sales of U.S. technology supplies to Chinese telecommunications giant Huawei will only apply to products widely available around the world, and leave the most sensitive equipment off limits, a top White House aide said on Sunday.

    "All that is going to happen is Commerce will grant some additional licenses where there is a general availability" of the parts the company needs, National Economic Council chairman Larry Kudlow said on "Fox News Sunday."

    U.S. microchip firms in particular "are selling products that are widely available from other countries ... This not a general amnesty ... The national security concerns will remain paramount," he said.

    The partial lifting of restrictions on Huawei was a key element of the agreement reached over the weekend between President Donald Trump and Chinese President Xi Jinping to reopen stalled trade negotiations between the two countries.

    It has drawn bipartisan criticism from U.S. Senators concerned that Huawei has close ties to Chinese intelligence agencies that could exploit the global distribution of its technology.

    "There will be a lot of pushback if it is a major concession," to Huawei, South Carolina Republican Senator Lindsay Graham said on "Meet the Press."

    Huawei, the world's biggest telecommunications equipment maker and No.2 smartphone maker, denies its products pose a security threat and has sought to fight back in U.S. courts since Washington put it on an export blacklist last month. Kudlow said that designation would remain.

    Kudlow said the broader concerns about Huawei will be part of the renewed discussions.

    The agreement over the weekend "is not the last word," Kudlow said.

     

    © Reuters. A Huawei logo is pictured at Mobile World Congress (MWC) in Shanghai

     

    https://quantsalus.com/contacts/


    29.06.2019 | Officials Seize Hundreds of Bitcoin Mining Machines in Iran




    Bitcoin is a very unique form of money which is often misunderstood. Especially when it comes to mining cryptocurrencies, there are a fair few misconceptions. In Iran, the mining of cryptocurrency has turned into a political debate. Despite there not being any official law prohibiting this industry, several hundred miners were confiscated this week.  A Further Bitcoin Mining Crackdown in Iran It is very interesting to keep an eye on the current cryptocurrency climate in Iran. As the country is trying to note economic growth, the task ahead has proven to be a steep uphill battle. It is not entirely abnormal to see consumers and even companies flock to alternative solutions. Because of the state-sponsored electricity in the country, Bitcoin mining has become a lot more popular in recent years.  Unfortunately, it would appear that the situation will come to an end fairly soon. In recent months, it has become apparent some politicians do not take kindly to this profitable business model. That situation has now escalated, as nearly 1,000 Bitcoin miners have been confiscated. Two cryptocurrency mining farms were identified and shut down in very quick succession. As is often the case where Bitcoin mining is concerned, the massive spike in electricity consumption triggered some alarm bells. Both of these mining firms consumed over one megawatt, which is well above the normal threshold in the country. While not illegal by any means, the current political tension warrants such harsh actions by the proper authorities.  It is unclear if anyone associated with these ventures has been arrested, and if so, which charges they may face in the process. Iran has no official law which prevents anyone from mining cryptocurrencies, but there are other factors at play as well. The geo-political tensions between Iran and the US is creating a lot of strain on the country’s economy. Finding proper wealth storage solutions is a big problem, thus the increasing interest in Bitcoin makes sense in that regard. Additionally, it is not the first time Bitcoin mining operations are punished. While the confiscation of hardware is rather unusual – unless one lives in Venezuela or its neighboring countries – it is not uncommon for these projects to face high electricity charges or even a power consumption limit. This is a very common tactic in regions where one can find cheaper electricity, either due to renewable energy sources or otherwise.  This entire story puts an interesting spin on the cryptocurrency mining industry. Especially now that the prices are all heading into a higher range again at certain intervals, the overall interest in Bitcoin and altcoins may not diminish. While mining cryptocurrencies is an option, it is hardly ever profitable without access to cheap electricity. By the look of things, Iran has now become another country where the mining of cryptocurrencies will not become a big business anytime soon. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.   Image(s): Shutterstock.com   https://quantsalus.com/rules/ ...

    Bitcoin is a very unique form of money which is often misunderstood. Especially when it comes to mining cryptocurrencies, there are a fair few misconceptions. In Iran, the mining of cryptocurrency has turned into a political debate. Despite there not being any official law prohibiting this industry, several hundred miners were confiscated this week. 

    A Further Bitcoin Mining Crackdown in Iran

    It is very interesting to keep an eye on the current cryptocurrency climate in Iran. As the country is trying to note economic growth, the task ahead has proven to be a steep uphill battle. It is not entirely abnormal to see consumers and even companies flock to alternative solutions. Because of the state-sponsored electricity in the country, Bitcoin mining has become a lot more popular in recent years. 

    Unfortunately, it would appear that the situation will come to an end fairly soon. In recent months, it has become apparent some politicians do not take kindly to this profitable business model. That situation has now escalated, as nearly 1,000 Bitcoin miners have been confiscated. Two cryptocurrency mining farms were identified and shut down in very quick succession.

    As is often the case where Bitcoin mining is concerned, the massive spike in electricity consumption triggered some alarm bells. Both of these mining firms consumed over one megawatt, which is well above the normal threshold in the country. While not illegal by any means, the current political tension warrants such harsh actions by the proper authorities. 

    It is unclear if anyone associated with these ventures has been arrested, and if so, which charges they may face in the process. Iran has no official law which prevents anyone from mining cryptocurrencies, but there are other factors at play as well. The geo-political tensions between Iran and the US is creating a lot of strain on the country’s economy. Finding proper wealth storage solutions is a big problem, thus the increasing interest in Bitcoin makes sense in that regard.

    Additionally, it is not the first time Bitcoin mining operations are punished. While the confiscation of hardware is rather unusual – unless one lives in Venezuela or its neighboring countries – it is not uncommon for these projects to face high electricity charges or even a power consumption limit. This is a very common tactic in regions where one can find cheaper electricity, either due to renewable energy sources or otherwise. 

    This entire story puts an interesting spin on the cryptocurrency mining industry. Especially now that the prices are all heading into a higher range again at certain intervals, the overall interest in Bitcoin and altcoins may not diminish. While mining cryptocurrencies is an option, it is hardly ever profitable without access to cheap electricity. By the look of things, Iran has now become another country where the mining of cryptocurrencies will not become a big business anytime soon.

    Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

     

    Image(s): Shutterstock.com

     

    https://quantsalus.com/rules/



    25.06.2019 | Acting head of U.S. immigration agency to leave post July 5: border agency




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    25.06.2019 | p




    Porsche recalls 340,000 cars due to parking problem BERLIN (Reuters) - Volkswagen's sports-car brand Porsche has to recall almost 340,000 Cayenne and Panamera vehicles due to problems with their automatic transmission, the German company said on Tuesday. A Porsche spokesman said the cars might roll when parked due to a potentially fragile part in the connection between the gear lever and transmission. Almost 100,000 of the affected vehicles, which date back to 2002, are in the United States and almost 25,000 in Germany.   © Reuters. FILE PHOTO: 89th Geneva International Motor Show in Geneva   https://quantsalus.com/rules/...

    Porsche recalls 340,000 cars due to parking problem

    BERLIN (Reuters) - Volkswagen's sports-car brand Porsche has to recall almost 340,000 Cayenne and Panamera vehicles due to problems with their automatic transmission, the German company said on Tuesday.

    A Porsche spokesman said the cars might roll when parked due to a potentially fragile part in the connection between the gear lever and transmission.

    Almost 100,000 of the affected vehicles, which date back to 2002, are in the United States and almost 25,000 in Germany.

     

    © Reuters. FILE PHOTO: 89th Geneva International Motor Show in Geneva

     

    https://quantsalus.com/rules/


    25.06.2019 | Bitcoin Climbs Higher Despite Increasing Concerns of Imminent Correction




    Investing.com - Bitcoin rallied for a seventh-consecutive day on Tuesday, breaking briefly past $11,400 despite growing concerns that the $3,600 jump in just two weeks painted a similar picture to the 2017 euphoria that ended up leading to the over-hyped bubble popping. Bitcoin gained 2.8% to $11,379.9 on the Investing.com Index by 1:28 PM ET (17:28 GMT). The largest digital currency by market cap is trading near levels last seen back in March 2018. But history shows these levels were first seen in November 2017 just a month before it hit all-time highs close to $20,000 before plunging to nearly $3,000. Even while some analysts suggested on Tuesday that bitcoin could be on its way to even more dizzying heights of $40,000 or even $100,000, there were many who recommended caution. The Wall Street Journal asked on Tuesday whether there was a “big short in bitcoin”. Crunching the numbers in last week’s report from the Commodity Futures Trading Commission, the WSJ concluded that “hedge funds and other money managers held about 14% more bearish ‘short’ positions in CME bitcoin futures last week than they did bullish ‘long’ position”.As WSJ itself notes, the data is a lagging indicator showing positions only as of June 18 when bitcoin was still trading around “just” $9,000. Matt Simpson, technical analyst at City Index, also warned in a note earlier this week that a correction was due in order for the trend to continue, particularly “given the lack of pullbacks since the June low ”. For context, that low was $7,480 on June 6 and bitcoin - which trades 24 hours a day, seven days a week - has only registered four down days since that time. As the debate over cryptocurrencies continues, any asset class inevitably experiences corrections, but the question reverberating through the alt coin sector is whether this currently rally is a precursor to the crash seen after the 2017 frenzy. Investing.com analyst Clement Thibault examined precisely that question and found six reasons that make this run different. “Clearly, this bitcoin bull hasn't reached an extreme just yet,” he said. But Thibault recognized bitcoin’s history of volatility and warned that there could still be a “roller-coaster ride” ahead. “If this upward momentum continues, given bitcoin's previous history of robust surges and violent plunges, once a critical mass is reached, look out for another parabolic ride higher and lower,” he warned. Cryptocurrencies overall traded higher Tuesday, with the total coin market capitalization of $336.04 billion, compared to $329.87 billion a day earlier.     © Reuters.   https://quantsalus.com/news/...

    Investing.com - Bitcoin rallied for a seventh-consecutive day on Tuesday, breaking briefly past $11,400 despite growing concerns that the $3,600 jump in just two weeks painted a similar picture to the 2017 euphoria that ended up leading to the over-hyped bubble popping.

    Bitcoin gained 2.8% to $11,379.9 on the Investing.com Index by 1:28 PM ET (17:28 GMT).

    The largest digital currency by market cap is trading near levels last seen back in March 2018. But history shows these levels were first seen in November 2017 just a month before it hit all-time highs close to $20,000 before plunging to nearly $3,000.

    Even while some analysts suggested on Tuesday that bitcoin could be on its way to even more dizzying heights of $40,000 or even $100,000, there were many who recommended caution.

    The Wall Street Journal asked on Tuesday whether there was a “big short in bitcoin”.

    Crunching the numbers in last week’s report from the Commodity Futures Trading Commission, the WSJ concluded that “hedge funds and other money managers held about 14% more bearish ‘short’ positions in CME bitcoin futures last week than they did bullish ‘long’ position”.
    As WSJ itself notes, the data is a lagging indicator showing positions only as of June 18 when bitcoin was still trading around “just” $9,000.

    Matt Simpson, technical analyst at City Index, also warned in a note earlier this week that a correction was due in order for the trend to continue, particularly “given the lack of pullbacks since the June low ”. For context, that low was $7,480 on June 6 and bitcoin - which trades 24 hours a day, seven days a week - has only registered four down days since that time.

    As the debate over cryptocurrencies continues, any asset class inevitably experiences corrections, but the question reverberating through the alt coin sector is whether this currently rally is a precursor to the crash seen after the 2017 frenzy.

    Investing.com analyst Clement Thibault examined precisely that question and found six reasons that make this run different.

    “Clearly, this bitcoin bull hasn't reached an extreme just yet,” he said.

    But Thibault recognized bitcoin’s history of volatility and warned that there could still be a “roller-coaster ride” ahead.

    “If this upward momentum continues, given bitcoin's previous history of robust surges and violent plunges, once a critical mass is reached, look out for another parabolic ride higher and lower,” he warned.

    Cryptocurrencies overall traded higher Tuesday, with the total coin market capitalization of $336.04 billion, compared to $329.87 billion a day earlier.

     

     

    © Reuters.

     

    https://quantsalus.com/news/


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