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Interest in crypto among Turks, like the rest of the world, has increased over the years. But Turkey’s economic crisis has pushed millions of curious observers to actually sink their savings into Bitcoin, Ethereum and other coins. The new converts aren’t simply drawn to the investment promise of cryptocurrencies, which are prone to wild, volatile price swings. They see virtual currencies as a potential store of value to shield their savings as the lira is roiled by routs that saw the Turkish currency lose more than 40 percent of its value last year alone.

Quote from: Frankolala on July 26, 2022, 08:57:21 PM

Due to the shortage of gas in EU base on reduction of gas supply from Russia, EU countries have come to agreement to voluntarily cut the reduce of gas consumption this winter by 15%.
EU countries assumed that Russia might cut the supply that pumps through the Nord Stream 1 pipeline, which runs into Germany.

Do you think this will help solve the EU gas shortage for now

news.sky.com/story/ukraine-news-live-putin-looting-steel-bound-for-uk-major-deal-to-relieve-food-crisis-to-be-signed-russian-forces-increasing-missile-use-12541713

Replacement of Russian gas by LNG has largely reached its limit. Lower imports from Russia can now only be met by reducing EU gas demand. Immediate deployment of a coordinated EU approach offers the best option to reduce substantially the overall gas demand-reduction cost. For the EU as a whole, a total demand reduction over the next 10 months of about 15% compared to average demand in 2019-2021 would be required to compensate for a complete stopping of Russian pipeline imports. For EU countries (arranged into regional groupings), we calculate the required reduction as ranging from zero to -54%.

The fashion industry is a multi-billion-dollar business, and it is constantly evolving. To stay ahead of the curve, companies need to adopt new technologies to improve their efficiency and security. One such technology is blockchain. Blockchain can revolutionise the fashion industry by making it more secure and efficient. We will discuss how the fashion industry benefits from blockchain technology.

Hydrogen-powered trains could eventually replace several thousand with diesel engines trains. Hydrogen trains are particularly attractive on short regional lines where the cost of a transition to electric outstrips the profitability of the route.

Just when most of the world was recovering from the economic downturn caused by the pandemic, Vladimir Putin launched his invasion of Ukraine. That new disruption reversed the recovery in some places and pushed up the cost of living everywhere.
Ukraine and Russia are the breadbaskets for much of the world. But there's little farming on the frontlines. That means prices for wheat, barley, corn are skyrocketed.
A spike in gas and oil prices has pushed up heating bills. Europe in particular has come to depend heavily on Russian gas. Berlin heats and powers with natural gas - 95 percent of which comes from Russia.
And motorists across Europe are feeling the pinch at the pump, paying about 2 euros per liter for gas, which is about 10 dollars per gallon.
The true extent of these shockwaves depends on how long the war in Ukraine lasts, and the scale of the devastation and disruption it causes. That depends on Vladimir Putin. So far, there are no signs that he will call a halt to his invasion anytime soon.
In Germany, the number of people going to food pantries has risen dramatically. Some are refugees from Ukraine, while others are people who simply no longer can afford to buy groceries.

A job can be any piece of work that is performed in exchange for an agreed price and similar benefits whereas entrepreneurship is creating new ventures keeping in mind the risks and difficulties and thinking out of the box in order to make a profit. One of the biggest differences between entrepreneurship and job is having more control.
Entrepreneurs can totally change the way you live and work. If successful, your revolutions can improve society’s standard of living.

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Quote from: Widdop37 on August 05, 2022, 12:46:50 PM

Do you think that Metaverse will actually work out in the future? I am one of the very few that believes that Metaverse won't be successful because what the world cares about the most is the most needy, I asked myself if metaverse is really needy and I can't seem to find an answer, what about you?/

Yes Metavrse will work out in the future. ABC’s Maggie Rulli dives into virtual reality, and explores the future of the internet, how far the metaverse is to becoming reality and the concerns about this new universe.Patrick T. Fallon/AFP via Getty Images, FILE
Facebook's announcement in October that it was further embracing the metaverse and rebranding itself as Meta set off a firestorm.
The metaverse aims to innovate the way people interact with each other on the internet, interacting in a way previously only thought possible in science fiction.

"The metaverse is essentially a massive, interconnected network of virtual spaces," Rabindra Ratan, associate professor of media and information at Michigan State University. told ABC News Live. "In theory, we'll be able to move from one virtual world to another in the metaverse, but we'll be wearing virtual reality goggles or maybe augmented reality."

Meme coins is gooing to make the next bull maket. The dogecoin (DOGE-USD) price jumped this week after the new Dogechain platform gained traction from retail investors.
The new platform enables the creation of DeFi protocols, NFT collectables, and dapps and games with the memecoin.

The new platform has not been built or endorsed by the official dogecoin founders, but that didn't stop traders from rushing to purchase dogecoin to use on the new marketplace.

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Russia’s oil production is unlikely to recover to pre-coronavirus levels, according to a government strategy document cited by Kommersant.

Russian oil production might never recover to pre-coronavirus levels, the country’s Energy Ministry has forecast, according to the Kommersant business paper.

In a strategy document outlining prospects for Russia’s critical oil and gas industry, the government said its “base case” — or most likely — scenario, is that Russia’s oil production will never again hit the record levels recorded in 2019.

I think this is because of the wider global climate. It's not just in the crypto world things are not looking good.

Recession looms, inflation is soaring, interest rates are rising and living costs are biting. Stock markets are wobbling too, with the US S&P 500 now in a bear market (down 20% from its recent high).

As a result, even the big investors are less free with their money. And many ordinary investors - not rich hedge-fund owners or corporations but people like you and me - have less to invest in anything, full stop.

It might be risky to invest in them right now, but privacy coins are not going away. They will likely go mainstream at some point, just as Bitcoin has. After all, privacy coins are just like any other crypto, just with an added layer of security and privacy. For now, though, it pays to keep a close eye on regulatory developments in Washington, D.C. Cryptocurrencies have always been subject to regulatory risk, and that is something that you should particularly keep in mind if you decide to invest in privacy coins.

The European Union's best shot at replacing Russian gas imports this year is likely to miss the mark, analysts predict, exerting further pressure on the region's economy.

The EU plans to replace two-thirds of Russian gas imports by the end of the year, as Russia's war in Ukraine continues to wage on. The shift away from the country's gas supplies became even more urgent after the country's state-backed Gazprom reduced flows to Europe by 60%, citing a delay to repairs on the Nord Stream 1 pipeline that runs to Germany beneath the Baltic Sea.

The rising inflation of the U.S. dollar. While inflation is on average 2% each year, recent stimulus spending is poised to greatly increase the level of inflation and decrease the dollar's purchasing power.

With the recent stimulus packages, the United States has added around $2.4 trillion to the economy. This has many worrying about the inevitable decrease in the dollar's purchasing power and the rise in inflation.

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https://fred.stlouisfed.org/series/M1.