☄️Saudi Arabia Is Ready To Invest Billions In Hydrogen Production

⏺The country's sovereign wealth fund, led by Crown Prince Mohammed bin Salman, has created Energy Solutions Co. to finance the production of so-called “green” hydrogen. Investment in the new project is expected to be at least $10 billion, and this amount could rise significantly depending on demand for hydrogen. Part of the investment will be carried out jointly with state oil producer Saudi Aramco.

⏺Saudi Arabia is aiming to become one of the world's largest hydrogen producers, wanting to reduce its dependence on oil sales while remaining a global energy supplier. Green hydrogen is made from water and renewable energy and is an attractive solution for countries looking to reduce emissions from energy-intensive industries.

⏺However, green hydrogen remains expensive to produce and the infrastructure to transport it is costly. Saudi Arabia is building one of the world's few large-scale green hydrogen projects, costing $8 billion. Aramco is also interested in producing blue hydrogen using fossil fuels and capturing emissions.

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⚡️Brent Oil Exceeded $80

⏺Oil prices rose above last week's high on Monday as concerns about conflict in the Middle East mounted. Brent, the global oil benchmark, rose 2.8% to $80.33 a barrel amid Hamas rocket attacks on Israel and Israeli retaliatory strikes on targets in Gaza and Lebanon. Investors fear possible attacks on the region's energy infrastructure, which could disrupt oil supplies, or disruptions in the Strait of Hormuz.

⏺There are signs that hedge funds are starting to rethink their positions, trimming large short bets against Brent and increasing long positions early last week, according to ICE data. However, computer-managed funds that tried to track market trends were still likely betting against oil as of Thursday, according to a model portfolio compiled by Société Générale.

⏺Goldman Sachs analyst Dan Stravin predicts that a six-month supply disruption of about 1 million barrels per day could push Brent prices to $85 if OPEC makes up the shortfall. Without compensation, prices may exceed $90. Investors are concerned about a possible escalation of the conflict between Israel and Iran.

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crowparadeart

August 13, 2024, 0:53

All Pokemon merch left.

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$50 for the unowns and $38 for the spinners

The rest you can dm me at @crowparade

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🔰100% 1XBET WELCOME BONUS!

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💰 Bitcoin trades above $70,000 for first time in over seven months

Bitcoin topped $70,100 at 22:10 UTC, the first time the largest cryptocurrency by market capitalization crossed the $70,000 level in more than seven months, according to The Block’s Bitcoin price page. It has since retraced its move and is trading hands around $69,800 at press time.

Source

@Bitcoin_Ethereum_Altcoins

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💰 Coinbase, Hut 8 lead crypto stocks higher as bitcoin inches towards $70,000 level

Bitcoin is on pace for its best weekly performance in over a month, with the world's largest cryptocurrency inching closer to reclaiming the $70,000 level. For the week, the price of bitcoin is up about 9% and trading around $68,800 at time of writing. Ethereum follows closely behind with a gain of 8.3% over the same period while Solana is up 7.2%, according to The Block's price page. Those gains outpace the rise in traditional market indices like the S&P 500 and the Nasdaq, which are up less than 1% over the past five trading sessions.

Source

@Bitcoin_Ethereum_Altcoins

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crowparadeart

August 9, 2024, 4:20

8/8 YCH Commission 🙂‍↕️
With alt colors
For @CovahAWD

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💰 Bitcoin miner MARA warns AI mirrors 2000s internet boom, firms risk overbuilding infrastructure: Bernstein

In a recent interview with analysts at research and brokerage firm Bernstein, Fred Thiel, CEO of bitcoin miner MARA (formerly Marathon Digital), said the current AI environment resembles the early 2000s internet boom — and many companies, particularly smaller players, risk overbuilding infrastructure without sufficient demand.

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@Bitcoin_Ethereum_Altcoins

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💰 New HBO documentary aims to reveal Bitcoin creator Satoshi Nakamoto's true identity

An upcoming HBO documentary aims to reveal the true identity of the pseudonymous creator of Bitcoin, Satoshi Nakamoto. Nakamoto, the famously anonymous inventor of Bitcoin, apparently vanished in December 2010. Estimates are that if Nakamoto is still around, the Bitcoin creator could control as much as 1.1 million bitcoin, currently worth about $67 billion, at least on paper.

Source

@Bitcoin_Ethereum_Altcoins

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🔵 Arbitrum One surpasses 1 billion transactions since 2021 launch

Arbitrum One, a Layer 2 optimistic rollup for Ethereum, has crossed 1 billion transactions, reaching this milestone within three years of its mainnet launch in August 2021. According to Blockscan data, its competitor Base has recorded 755 million transactions to date, while OP Mainnet has reached 347 million transactions.

Source

@Bitcoin_Ethereum_Altcoins

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