Maria Andretti, Author at bwcevent.com

China has effectively moved to ban all cryptocurrency transactions in the country; this move by China’s central bank has led to the banning of all tokens, including bitcoin. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said, adding that cryptos “seriously endangers the safety of people’s assets.” The announcement has […]

The ever-popular Bitcoin continues to tumble. This is linked by the touch talk by China authorities on prosecuting those who are caught trading Bitcoin.  The price of Bitcoin fell by about 5% to the current value of $42,496, according to the report given by Coin Metrics. Also, Ether, the second-largest crypto, dropped by 7% to […]

A new study included in the December 2021 edition of Resources, Conservation and Recycling, a journal curating the waste reduction pursuits of our world, states that Bitcoin mining generates more than 30,700 tonnes of electronic waste annually. According to the researchers, each Bitcoin transaction generates over 9.5oz of waste which is over 50% more than […]

The recent frequent shifts in economic data created opportunities for the Federal Reserve to announce the decision to taper assets purchase in September. This will further lead to a decrease in buying a month later.  Speaking with public officials has shown increasing support for a faster timeline than the timeline the markets have expected. Part […]

There was a slight change to Stocks on Friday afternoon as the prices were set to increase, narrowly surpassing their record high; investors tried to understand the large economic data from the earning results. The S&P 500 and Dow were among those that set the intraday highs from Thursday’s record, which made it post profits […]