CSFX Market News | Global Market Update

  WHAT IS BITCOIN MINING? Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the currency. When a bitcoin is successfully mined, the miner receives a predetermined amount of bitcoin. Bitcoin is a  cryptocurrency  that’s gained wide popularity due to its wild price swings and surging value since it was first created in 2009. As prices of cryptocurrencies and Bitcoin have skyrocketed in recent years, it’s understandable that interest in mining has picked up as well. But for most people, the prospects for Bitcoin mining are not good due to its complex nature and high costs. Here are the basics on how Bitcoin mining works and some key risks to be aware of. Bitcoin mining statistics A miner currently earns 6.25 Bitcoin (about $125,000 as of September 2022) for successfully validating a new block on the Bitcoin blockchain. Creating Bitcoin  consumes 94.2 terawatt-hours ...

  RUSSIA’S PARTICIPATION IN THE OPEC+ PRODUCTION DEAL?  Asia-Pacific stocks were up on Wednesday morning. The Shanghai Composite is down 0.40% at 3,173.80. Overall, the Singapore MSCI is up 0.13% at 300.70. Over in Hong Kong, the Hang Seng Index is down 1.28% at 21,121. In Japan, the Nikkei 225 is up 0.88% at 27,500.00, while the Topix index is up 1.68% at 1941.00. South Korea’s Kospi is up 0.61% at 2685.90. Australia S&P/ASX 200 up 0.32% at 7234.00. Top News of the Day: Wall Street’s three major indexes closed lower on Tuesday, following a rally last week, as volatile oil markets kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official. After outperforming earlier in the session, the S&P’s energy sector lost ground after a report that some producers were exploring the idea of suspending Russia’s participation in the OPEC+ production deal. Market Summary as per 31/05/2022: European equities Tuesday closing. The DAX futur...