Texans see skyrocketing energy bills as state exports more natural gas

Texans see skyrocketing energy bills as state exports more natural gas

Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news. Texans are seeing skyrocketing home electric bills this spring and summer, with many customers paying at least 50% more than they did for electric bills at this time last year. And nobody seems to know … Read more

Europe braces for another energy shock as Norwegian gas fields close

Europe braces for another energy shock as Norwegian gas fields close

Norway’s state-owned energy company Equinor said it had shut the fields after some of its employees went on strike over a pay dispute. The three fields produce the equivalent of about 89,000 barrels of oil a day, more than 30% of which is natural gas, Equinor said in a statement. Norway was the second largest … Read more

Bitcoin Family say they lost $ 1 million in value this year

Bitcoin Family say they lost $ 1 million in value this year

‘Bitcoin Family’ opens a bitcoin beach bar in Lagos, Portugal Didi Taihuttu The “Bitcoin Family” is down more than $ 1 million on their bitcoin investment since the world’s most popular digital coin peaked at around $ 69,000 in Nov. 2021 – But patriarch Didi Taihuttu is as bullish as ever. “I’m buying bitcoin daily,” … Read more

Bitcoin Environmental Debate Is Wrong

Bitcoin Environmental Debate Is Wrong

This is an opinion editorial by Marie Poteriaieva, a Ukrainian-French crypto industry observer and educator, following the space since 2016. Bitcoin is routinely treated as an environmental pariah: its energy consumption is quite simple to track and quick-label as “anti-ecological.” This statement is wrong on many levels, but public opinion is rarely nuanced, and politicians … Read more

Three Arrows Capital crypto hedge fund defaults on Voyager loan

Three Arrows Capital crypto hedge fund defaults on Voyager loan

Bitcoin rallied to a record high of nearly $ 69,000 at the height of the 2021 crypto frenzy. In 2022, it’s moved in the opposite direction. Nurphoto | Getty Images Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $ 670 million. Digital asset brokerage Voyager Digital issued a … Read more

This ‘underappreciated’ black swan could bring fresh chaos to the global economy

This ‘underappreciated’ black swan could bring fresh chaos to the global economy

New week, same bounce. Stock futures point to fresh gains as investors grow optimistic that a bond rout is ending, and the Fed’s rate-hike plans will get pruned due to a global slowdown. Of course, that optimism comes as discontent grows around the world from high commodity prices that have driven up food prices, crimped … Read more

What Is The Blockchain?

What Is The Blockchain?

Now famous for providing the engine for a variety of ‘hidden’ digital currency systems such as Bitcoin, blockchain (or Distributed Ledger Technology) describes a computerized process intended to make databases more egalitarian, transparent, and virtually tamper-proof. While this is an ideal outcome, arguments remain over whether the technology actually achieves its aims. What’s more, the … Read more

US stock futures drop as Powell testimony looms, recession worries return to the spotlight

US stock futures drop as Powell testimony looms, recession worries return to the spotlight

Recession worries were back in the spotlight for Wall Street on Wednesday, with equity futures and oil prices dropping, as investors looked ahead to Congressional testimony from Federal Reserve Chairman Jerome Powell. How are stock-index futures trading? S&P 500 ES00 futures, -1.67% dropped 1.4%, to 3,715 Dow Jones Industrial Average futures YM00, -1.51% dropped 382 … Read more

Europe turns to coal as Russia squeezes gas supplies

Europe turns to coal as Russia squeezes gas supplies

German Economy Minister Robert Habeck has warned that the situation is going to be “really tight in winter” without precautionary measures to prevent a supply shortage. Ina Fassbender | Afp | Getty Images Reduced flows of Russian gas and the specter of a full supply disruption have prompted some European governments to reconsider coal, one … Read more

Russia declares gas war on EU – POLITICAL

Russia declares gas war on EU – POLITICAL

Press play to listen to this article Russian President Vladimir Putin is playing hardball with the European Union – cutting off gas deliveries to some of Russia’s best customers in a howl of rage at the sanctions imposed after invading Ukraine. It’s putting enormous political pressure on governments, threats to leave Europeans freezing if this … Read more