The blockchain network Litecoin’s computational power reached an all-time high (ATH) on Wednesday, Jan. 25, 2023, at block height 2,411,048, reaching 798.43 terahash per second (TH/s). In addition, Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031 the following day. Litecoin’s Computational Power Climbs 38% in 30 Days A significant amount of hashrate...
Thu 26-01-2023 17:15 PM DUBAI, 26th January, 2023 (WAM) – Emirates NBD, a leading bank in the region, announced that its profits rose 40% to AED 13 billion in 2022, driven by strong regional economic growth and the success of its diversified business model. The bank’s Q4 profit was particularly strong, at AED 3.9 billion,...
The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have...
During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4% higher than the previous record of 347.16 EH/s recorded on Nov. 12, 2022. Network’s...
© Reuters. FILE PHOTO: The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022. REUTERS/Marco Bello/File Photo (Reuters) – FTX and its affiliated debtors said the cryptocurrency exchange’s U.S. bankruptcy estate and the liquidators of its affiliated operations in the Bahamas reached an agreement to...
New York financial regulators have found that the popular cryptocurrency exchange Coinbase violated anti-money laundering laws by failing to conduct adequate background checks. Coinbase will pay a $50 million fine to the New York State Department of Financial Services, and is also required to spend $50 million on improving its compliance program. Coinbase disclosed that...
DUBAI, 1st January, 2023 (WAM) — Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), has announced that the production capacity of clean energy in Dubai has reached 2,027 megawatts (MW) using photovoltaic solar power (PV) and concentrated solar power (CSP). This is about 14 percent of Dubai’s total power...
Tue 27-12-2022 23:33 PM WASHINGTON, 27th December, 2022 (WAM) — Oil touched a three-week-high Tuesday as China’s latest relaxation of COVID-19 restrictions fueled prospects of a demand revival, while production in the United States was impacted by winter storms. Brent Crude was up $1.22, or 1.5%, at $85.14 a barrel by 1:07 p.m. EST (1807...
© Reuters. FILE PHOTO: The Amazon logo is displayed on a sign outside the company’s LDJ5 sortation center, as employees begin voting to unionize a second warehouse in the Staten Island borough of New York City, U.S. April 25, 2022. REUTERS/Brendan McDermid./File Ph BRUSSELS (Reuters) -Amazon on Tuesday reached a settlement with the European Union...
Illustration by Alex Castro / The Verge Epic Games and the Federal Trade Commission reached a $520 million settlement over claims the Fortnite developer broke online privacy protection laws for kids and tricked players into buying in-game items (via The Wall Street Journal). The settlement includes a record $275 million penalty to settle alleged violations...