Day: February 11, 2022

Feb 11
FCA proposes rules for pension providers to help deliver Pensions Dashboards

The Financial Conduct Authority (FCA) has today set out the critical role regulated pension providers must play in helping to launch the Government’s Pensions Dashboards initiative, which aims to empower savers to engage with their pensions. Pensions Dashboards will enable consumers to find and view all their pension savings, including State, workplace and personal, in […]

Feb 11
Sustainable Bitcoin miner uses waste heat to dry wood

Not only does one Norwegian Bitcoin miner boast 99% renewable energy stats, but it’s even using waste heat to dry out timber and, soon, seaweed. 2833 Total views 43 Total shares Norway is a bastion for renewable energy management in Europe. As much as 99% of Norway’s energy derives from hydropower, while the grid often enjoys a […]

Feb 11
Novavax says its COVID-19 vaccine candidate had a 80% efficacy rate in teens

Shares of Novavax Inc. NVAX, -4.13% gained 2.5% in premarket trading on Friday, the day after the company said its experimental COVID-19 vaccine had an 80% efficacy rate in teens. The results stem from a Phase 3 clinical trial that occurred when delta was the most dominant strain of the virus. The Food and Drug […]

Feb 11
The Pound is falling – who’s to blame? Overview for 11.02.2022

GBPUSD remained volatile and got under pressure on Friday.  The British Pound is falling against the USD on Friday. The current quote for the instrument is 1.3552. The United Kingdom released a lot of macroeconomic reports today and investors had no choice but respond.  The British GDP in December 2021 dropped 0.2% m/m after adding […]

Feb 11
Fibonacci Retracements Analysis 11.02.2022 (AUDUSD, USDCAD)

AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD has completed the first correctional wave to the upside after testing 23.6% fibo. The current decline may be heading to break the low at 0.6967 and then continue down to 50.0% fibo at 0.6758. However, as long as the price […]

Feb 11
Market Spotlight: US CPI Hits 40 Year Highs

USD Ending the Week HigherThe US Dollar is trading on a better footing into the end of this week following a further lift from the US January CPI reading yesterday. Headline inflation was seen rising 0.6% on the month, better than the prior month’s 0.5% reading and the expected 0.4% reading the market was looking […]

Feb 11
FOMO Friday: Oil Ends The Week In The Red

Well, it’s been a much quieter week for FX markets. On the back of the US jobs report last week the market appears to be awaiting the next major catalyst. We have seen some interesting moves, however, with the reversal lower in EUR, and strength in AUD and NZD headlining the week’s action. However, talking […]

Feb 11
Bunny and Qubit turns to DAO following $80 million bug exploit

The exploit took place on the Ethereum-BSC bridge that saw the hacker use $185 million as collateral to steal $80 million worth of tokens from lending pools. 1250 Total views 50 Total shares The development team behind Bunny Finance and Qubit has decided to disband the protocol and turn it into a decentralized autonomous organization […]

Feb 11
Tennessee Valley Authority won't cut power despite new cannabis law in Mississippi

The Tennessee Valley Authority said Thursday that service to its customers remains unchanged and there will be no interruption in wholesale power in reaction to newly-signed medical cannabis law in Mississippi. The TVA provides electricity to power companies operating in part of the state. “TVA has an obligation to serve our customers with safe, reliable […]

Feb 11
Bitcoin briefly dethroned by unknown altcoin due to CoinGecko glitch

The list of top-valued coins on CoinGecko briefly went somewhat irrelevant, with BTC falling behind the “Relevant” token. 1302 Total views 5 Total shares CoinGecko, one of the largest cryptocurrency tracking websites in the world, suffered a major glitch on Friday morning, with Bitcoin (BTC) mistakenly losing its position as the largest digital currency by […]