Bitcoin prices are climbing once again and while bitcoin mining is likely to come under renewed fire for its energy consumption, this should not prove fatal for the cryptocurrency. Bitcoin prices jumped by 13% on Tuesday on the back of new Western sanctions on Russia for its invasion of Ukraine. …
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Risks to energy markets as SWIFT ban against Russia goes ahead
All eyes are on Russia’s oil and gas flows as the nation is barred from the international payment system SWIFT. The US, Canada, and a number of EU states announced a new series of sanctions against Russia over the weekend in light of its ongoing attack on Ukraine. The new …
Read More »Germany Can’t Stop Importing Russian Energy: Habeck
Currently, Russia provides Germany with 55 percent of the natural gas, 50 percent of the coal, and 35 percent of the oil consumed by its inhabitants. On Thursday, Germany’s Economy Minister Robert Habeck stated that he is not in favor of banning energy imports from Russia as they are necessary …
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