26th July 2022: Yesterday closed orders given -17.112%; The risk of a complete cessation of gas supplies from Russia to Europe; Coinbase exchange under the supervision of the authorities
Symbol: ETHUSD; Type: SELL; Open Price: 1185.49; Close Price: 1462.44; Profit: -18.938%.
Symbol: BTCUSD; Type: SELL; Open Price: 22207.06; Close Price: 21801.65; Profit: +1.826%.
Price Energy Plan from Greece
Greece has outlined several potential solutions to mitigate the impact of rising natural gas prices on the country’s electrical expenses. The cost of power in Europe has increased directly due to the fivefold increase in gas prices over the past year. While gas and other fossil fuels will be taxed independently, the electricity generated from renewable sources, hydro, and nuclear will be grouped into a single category.
The risk of a complete cessation of gas supplies from Russia to Europe
The price of oil and metals helped boost the value of European energy and mining businesses, but retailers and banks saw their share prices decline. UBS Group AG fell more than 6 percent after posting a lower profit than expected, while Walmart Inc. fell sharply in premarket trade in the United States on the news of its unexpected warning. The danger of a complete cut-off from Russian supplies is becoming an increasingly plausible scenario, which led to the European Union countries reaching an agreement to reduce their gas use by 15 percent through the upcoming winter. According to Katerina Simonetti, who works in the private wealth management division of Morgan Stanley, “this is most definitely a bear market resurgence, and there are huge concerns still facing this market.” Simonetti said, “We’re going to be seeing a lot of choppiness and perhaps some additional falls in the market before the end of the year.” The yield on 10-year Treasuries went down three basis points to 2.76 percent, while the value of the pound plummeted versus the dollar by 0.3 percent over the same period.
Coinbase exchange under the supervision of the authorities
According to three people who know the situation, the United States government is investigating Coinbase Global Inc. to see if the company unlawfully allowed Americans to trade digital assets that should have been registered as securities. Since the platform raised the number of tokens it allows trade, the scrutiny that the United States Securities and Exchange Commission is applying to it has intensified. Jeff Gensler, who helped develop Coinbase, has maintained for a long time that the regulator had authority over a significant number of cryptocurrencies. The Securities and Exchange Commission (SEC) concluded that nine of the dozens of digital tokens the company sold were, in fact, securities. In addition, federal prosecutors in Manhattan accused the three individuals of conspiracy to commit wire fraud and wire fraud. Platform operators are trying to steer clear of supplying anything that may be considered security since doing so could set off regulations designed to safeguard investors.
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