Friday, May 3, 2024
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If the privacy and scaling upgrade Schnorr/Taproot makes it into bitcoin (BTC), it could pave the way for advanced and heretofore impossible projects. That is, as they say, good for bitcoin.

Bitcoin’s Future: Exactly How a Coming Upgrade Could Improve Privacy and Scaling

Schnorr/Taproot has made a great deal of progress recently, moving from a theoretical privacy and scaling idea into actual code. But while the community is very excited about its future,...
Japanese shares rose on Monday, boosted by a slowdown in COVID-19 deaths and new cases in global hotspots including New York and Italy, as uncertainty over a potential lockdown in Tokyo kept some investors on the sidelines.

Japanese stocks jump on signs of coronavirus slowdown

The benchmark Nikkei average gained 4.2% to 18,576.30, its highest close in nearly a week, tracking sharp gains in U.S. stock futures. E-mini futures for the...
Dollar borrowing costs in the foreign exchange swap markets retreated further on Monday, with swap rates against the euro and pound falling to their lowest levels in more than a decade.

Dollar borrowing costs drop to lowest in decade in FX swap markets

These moves indicate recent emergency actions by global central banks have managed to squelch a growing dollar shortage in these markets. Costs dropped after the U.S....
An employee holds a sample of crude oil at the Yarakta oilfield, owned by Irkutsk Oil Co, in the Irkutsk region

Oil edges down after Saudi Arabia, Russia delay meeting

Brent crude LCoc1 slipped close to $30 a barrel earlier but pared losses to trade down 24 cents, or 0.7%, to $33.87 a barrel by 0639 GMT. West Texas...
Sterling fell 1% on Friday after a record slump among Britain’s services and manufacturing firms deepened in late March as businesses and households paused activity to prevent the spread of the coronavirus.

Sterling drops as British firms suffer record slump

The final composite Purchasing Managers’ Index covering the two sectors fell to 36.0 from a preliminary “flash” reading of 37.1, and 53.0 in February, data firm IHS Markit and...
Abu Dhabi Credit: Shutterstock

Why Are Crypto Companies Going to Abu Dhabi?

Being on the borders of a desert, where temperatures easily surpass 40 degrees Celsius in the summer, life in Abu Dhabi is a struggle. With little natural drinking water,...
Benchmark Brent crude oil futures reversed losses incurred during Asian hours in early European trading on Friday to rise above $30 a barrel, with hopes of a huge global supply cut deal to support prices still alive.

Brent reverses losses to rise above $30/bbl in early European trading

Brent crude LCOc1 futures were up 7%, or $2.10, at $32.04 per barrel by 0748 GMT. Brent soared as much as 47% during Thursday’s session, its highest intraday percentage...
The dollar rose for a second straight day against a basket of currencies on Thursday as investors, worried about the prospect of a global recession continued to take shelter in the greenback.

Dollar advances for second day, shrugs off record U.S. jobless claims

U.S. jobless claims in the latest week soared to a record level, yet the dollar’s reaction was tepid at most. Data showed initial claims for unemployment...
A late-session rally in the energy sector helped European stocks end slightly higher on Thursday, with sentiment remaining fragile after a sharp rise in U.S. unemployment claims showed further evidence of the coronavirus’ economic impact.

European stocks scrape out gains as surging oil prices offset virus woes

The pan-European STOXX 600 closed a volatile session 0.4% higher, recovering from a sink into negative territory. The energy sector .SXEP was the biggest boost to...
Russian Energy Minister Alexander Novak arrives at the OPEC headquarters in Vienna

Russia has no plans to increase oil output: Energy Minister

Data from the ministry released on Thursday by Interfax also showed that Russian oil production was 11.29 million barrels per day (bpd) in March, unchanged from a month earlier....