Bitcoin Falls Below $19,000 Once More As Pressure Increases On Cryptocurrency Firms

Bitcoin temporarily dipped below $19,000 on Thursday, as the world’s largest digital currency remains under pressure from macroeconomic concerns and a liquidity crisis among high-profile cryptocurrency firms. According to CoinDesk data, Bitcoin was trading at $19,143.50 at 6:10 a.m. ET, down 4 per cent from the previous day. The digital currency is down over 58…

Consumer Organisations Claim That Signing Up For Google Is A “Fast Track To Surveillance”

A consortium of ten European consumer organisations is suing Google over the company’s account sign-up process. A Google account is required to use many of Google’s goods and services. The organisation, however, claims that the sign-up process leads users toward options that capture more data. Google told the BBC that it appreciated the opportunity to…

H&M Anticipates Further Price Increases, With Earnings Boosted By Lesser Discounting

H&M, the budget apparel retailer, said on Wednesday that it plans to raise prices further this year after announcing forecast-beating profits with margins boosted by fewer discounts. H&M boosted prices in the first half of the year in response to higher transportation and raw material costs, and Chief Executive Officer Helena Helmersson told Reuters that…

Mercedes CEO Believes The Semiconductor Shortage Will Last Until 2023

The global shortfall of semiconductor chips will endure through this year and into 2023, according to the CEO of premium German carmaker Mercedes-Benz. “The semiconductor situation is very present and will be a challenge for the industry throughout this year and into next year,”CEO Ola Kaellenius said at the Reuters Automotive Europe conference in Munich.…

Will The Market Of Electric Motorcycles Take Off In Asia?

In the United Kingdom, the term “electric vehicle” brings up visions of a Tesla or another similar car, but in Asia, the war for EV dominance is being fought on motorcycles. When you visit most Asian countries, you’ll notice that motorcycles swarm and buzz around everywhere. It’s not uncommon to see a two-wheeler carrying a…

Cryptocurrency Exchange CoinFlex Funding $47 Million With A New Coin Following A Key Investor Failing To Pay Debt

CoinFlex, a cryptocurrency exchange, introduced a new token on Tuesday to gather funds in order to resume withdrawals for its users after one client failed to repay a significant debt. CoinFlex announced it would issue a $47 million digital coin with a 20% interest rate called Recovery Value USD, or rvUSD. It comes after the…

Japan Is Pushing 37 Million People To Turn Off Their Lights

The Japanese government has asked residents of Tokyo and its surrounding areas to consume less power on Monday, warning that supply will be limited due to the country’s heatwave. The Ministry of Economy, Trade, and Industry anticipates “extreme” electricity demand this afternoon local time. It advised people to turn off superfluous lights while still using…