Dear followers everywhere, welcome to a new global tour of the financial markets, businesses, companies, energy and minerals... and everything new for today, Saturday, June 29... coming to you from Banker. Starting with the global gold market, which recorded an increase for the third quarter in a row.. The details said that gold prices recorded a slight weekly increase, despite the decline in Friday trading, after the release of data on the personal consumption expenditures price index in the United States, which was largely in line with expectations, which strengthened hopes for a reduction in US interest rates by September.
The Treasury said the scheme used Holden International Trading Limited, based in Hong Kong, and Taube Precious HK Limited, to direct payments, and Red Coast Metals Trading DMCC, based in the United Arab Emirates. United to obscure payments from the sale of gold of Russian origin.
In addition, the scheme included the Hong Kong-based company, VPower Finance Security, to transport gold of Russian origin, she added.
Russia is the second largest gold producer in the world after China. It produced 321.8 metric tons in 2023, or 8.8% of global production from mines, according to consulting firm Metals Focus.
Moscow stopped disclosing its export and import data in detail shortly after its all-out invasion of Ukraine in 2022, but part of its supplies are still visible through data from countries that buy Russian products.
According to data provider Trade Data Monitor (TDM), Hong Kong was the largest importer of gold from Russia as of 2023. The data does not track the UAE's gold imports from Russia.
The small cryptocurrency also saw a 65% spike in its 24-hour trading volume, reaching $1.26 billion. However, the token is trading 37% below its all-time high of $0.0289, which was reached on June 2.
NoteCoin's new high comes as the global cryptocurrency market is back in the green again with the market capitalization now standing at around $2.46 trillion.
Meanwhile, Bitcoin also saw a slight increase over the past 24 hours, and is now hovering around $67,814. While Ethereum, the second largest digital currency in terms of market value, records about $3,500.
According to data from data analysis platform Spot On Chain, 11 out of 12 cryptocurrency wallets withdrew about 13,059 Ethereum. It is worth noting that one of the cryptocurrency wallets – 0xdfa, withdrew a slightly higher amount, which is 13,084 ETH.
Meanwhile, the supply of Ethereum on cryptocurrency exchanges has declined significantly, reaching its lowest level in seven years, as reported by blockchain data from Glassnode. Lark Davis, an experienced cryptocurrency investor, shed light on this trend.
“The supply of Ethereum on exchanges is at a 7-year low, and as a result, the price of Ethereum may rise significantly.”
Financial inclusion of billions of dollars.. Bracks Bank changes the balance of the dollar and the economy in Egypt Sunday 09/June/2024 - 03:00 AM
As we know, in March 2023, Egypt officially joined all the bracks countries, which include the largest economies in the world, such as China, Russia, Brazil, the United Arab Emirates, Saudi Arabia, and other countries.. But what happened in the last hours that will turn the balance of the Egyptian economy and what will happen in the Administrative Capital? As we also know, BRACKS has a very large affiliated bank whose goal is to serve the economic and financial integration of member states, including the adoption of huge financing programs with lower interest and very large facilities. On the other hand, this is not what happens with countries and the International Monetary Fund, and this is because BRACKS Bank, which is called the New Development Bank, is not Its goal is more profit than helping the countries of the bloc achieve economic development and integration among themselves and reduce dependence on large countries outside the bloc, such as the United States and Europe. Ok, what is new in the issue of rbracks? Look, sir, there has been a major development in the story of bracks in the last hours after the announcement of the Ministry of International Cooperation, details The first meeting of the New Development Bank in Egypt, which Egypt will host in the New Administrative Capital, on the 11th and 12th #solana #Binance #BTC .
Some $285 million worth of crypto long positions have been liquidated across the board in the last hour alone, per data from CoinGlass, along with $12 million in short positions. Expanded out daily, there's $399 million worth of long position liquidations over the past 24 hours, plus $47 million in shorts.
Bitcoin dipped from a price above $71,000 to under $69,000 in a matter of about 40 minutes, while Ethereum plunged from $3,800 to under $3,650. Both coins are starting to rebound.
Earlier in the day, the crypto market had shrugged off hotter-than-expected jobs data from the U.S. Labor Department.
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"Hard assets are suffering due to the potential impact of Fed rates being 'higher for longer,'" Amberdata's Director of Derivatives Greg Magadini told Decrypt, pointing to Friday's labor figures.
The World Gold Council has confirmed that large-scale gold mining is capital intensive and requires significant exploration and development, with it taking an average of 10 to 20 years before a mine (TADAWUL:4162) is ready for production.
Even during exploration, the likelihood of a discovery being turned into a development mine is low, with only about 10% of global gold discoveries containing enough of the metal to justify mining.
So far, about 187,000 tons of gold have been extracted, most of it coming from China, South Africa and Australia. Extractable gold reserves are estimated at approximately 57,000 tons, according to the United States Geological Survey.
In addition to the discovery process, government permits have become more difficult to obtain and take longer, making mining more difficult, Reed noted. However, securing the necessary licenses and permits before mining companies can begin operations may take several years.
In addition, many mining projects are planned for remote areas that require infrastructure such as roads, power and water, resulting in additional costs in constructing these mines and financing operations, Reid said.
Gold prices had fallen after rising to record levels in recent months, driven by strong demand led by China. With the difficulty of producing gold
Investing.com - Crypto whales have shown strong interest in popular meme cryptocurrency Pepecoin (PEPE), purchasing over $8 million during the price correction.
Interestingly, this acquisition comes amidst volatility in the cryptocurrency's price after reaching its peak in late May.
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Certainly! Here's more information on the advantages of investing in Bitcoin:
**Bitcoin: A Multifaceted Investment Opportunity**
Bitcoin, often hailed as 'digital gold', presents a myriad of benefits that make it an attractive investment option. Its unique characteristics have led to a significant impact on the global financial system, offering investors a chance to be part of a growing digital economy.
**Decentralization: The Core Strength**
At the heart of Bitcoin's appeal is its decentralized structure. Unlike traditional currencies, Bitcoin operates on a peer-to-peer network that is not controlled by any central authority. This decentralization not only enhances security but also ensures that the currency is less susceptible to manipulation and censorship⁴.
**High Return Potential**
Investors are drawn to Bitcoin for its potential to yield high returns. Over the past decade, Bitcoin has consistently outperformed other asset classes, making it an enticing option for those looking to diversify their portfolios with a high-growth asset¹.
**Global Accessibility**
Bitcoin's global reach allows investors from any part of the world to participate in the market. This accessibility is particularly beneficial for regions with less developed financial systems, providing a level of financial inclusion previously unattainable⁵.
**Innovative Technology**
Investing in Bitcoin also means investing in blockchain technology, a groundbreaking innovation with the potential to revolutionize various industries beyond finance. As the technology matures, the value of Bitcoin is likely to increase, reflecting the broader impact of its underlying technology³.
**Liquidity and Flexibility**
Bitcoin's high liquidity is another advantage, allowing investors to easily trade and convert their holdings into fiat currencies or other assets. This flexibility is a significant benefit in the fast-paced world of cryptocurrency trading⁴.
**A Diversification Tool**
Many investors view Bitcoin as a diversification tool, similar .
Certainly! Here's a 250-word essay on the benefits of investing in Bitcoin:
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**The Allure of Bitcoin Investment: A Digital Gold Rush**
In the digital age, Bitcoin has emerged as a modern-day gold rush, offering investors a unique blend of advantages that traditional assets cannot match. As the world's first decentralized cryptocurrency, Bitcoin has captivated the financial landscape with its potential for high returns and its revolutionary approach to transactions and value storage.
**Decentralization and Security**
Bitcoin's decentralized nature ensures that no single entity controls the network, providing a level of security and autonomy that is unparalleled. This decentralization also means that Bitcoin is resistant to censorship and interference, making it a robust investment against political and economic uncertainties².
**Potential for High Returns**
Historically, Bitcoin has delivered outsized returns, outperforming traditional asset classes and earning the moniker 'digital gold'. Its scarcity and growing acceptance as a store of value during inflationary times further bolster its appeal as an investment¹².
**Accessibility and Liquidity**
Bitcoin's global accessibility allows anyone with an internet connection to participate in the crypto economy. Its high liquidity ensures that investors can easily enter and exit positions, providing flexibility and ease of trading².
**Innovation and Growth**
Investing in Bitcoin is not just about financial gain; it's about being part of a technological innovation that is changing the world. As Bitcoin continues to evolve, it offers investors the opportunity to grow with a dynamic asset that is reshaping the future of money³.
**A Word of Caution**
However, with great potential comes significant risk. Bitcoin's price volatility and regulatory uncertainties necessitate a cautious approach. Investors should consider their risk tolerance and financial position before allocating a portion of their portfolio to Bitcoin¹.
Home / Money and Business, Currencies / Bitcoin Bitcoin Written by: Hanadi Fathi Sammour Last updated: 15:24, May 18, 2023 Contents 1 What is Bitcoin? 2 How does Bitcoin work? 3 How to buy Bitcoin 4 Advantages of Bitcoin 5 Disadvantages of Bitcoin 6 History of Bitcoin 7 Related References Bitcoin Legality of Bitcoin Trading in Egypt What is Bitcoin? Bitcoin (in English: Bitcoin), which is referred to as (BTC) for short, is a virtual electronic digital currency that is generally used to purchase products and obtain various services, such as purchasing furniture from stores or booking hotels from parties that deal in this currency and trade in it. It is mentioned that it is the first digital currency to achieve widespread success and popularity. [1] How does Bitcoin work? The working principle of Bitcoin is generally based on what is known as Blockchain technology,[2] which are decentralized electronic databases that allow the information within them to be shared directly and securely with customers.[3] Video you may like: Customers can add Bitcoins directly to their account or spend them without the need for a third party to complete the process, such as banks or otherwise. Bitcoin is an open platform, and it is not boring%88%D9%8A
#توجه_السوق_اليوم I think that today they will not be spared from falling due to changes in the global and local markets, and it is likely that they will rise tomorrow morning, and God is the Helper.