Closure of Bitcoin Mining Center Causes Spike in Power Bills for Citizens in Norwegian Municipality
The recent closure of a Bitcoin data center in the Norwegian municipality of Hadsel has resulted in power…
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‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s…
Gold Slides on Higher US Treasury Yields, Dollar
Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency.…
Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says
Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the…
Bitcoin sees worst monthly close in 2 years as traders watch $16.7K
BTC price action strengthens into the November monthly candle close, but traders are already warning over getting too…
Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7%
On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive…