Aurelia Butler

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  • 138 Shares189 Views

    in Economy

    India's Reliance intensifies green push with $80 billion investment in Gujarat

    Owned by billionaire Mukesh Ambani, the conglomerate has in the past year unveiled plans to reduce its dependence on its mainstay oil-to-chemicals business and invested in clean energy projects to brush up its green credentials.The move is part of a larger renewable shift in the energy industry spurred by pressure from investors who want companies to do more to help in the fight against climate change. Reliance will invest 5 trillion rupees over a span of 10 to 15 years to set up a 100 gigawatts renewable energy power plant and has already started scouting land for the project, it said in a filing https:// to the stock exchanges on Thursday.The remaining sum will be spent on setting up solar modules, fuel cells and energy storage batteries, as well as investing in existing projects and new ventures over the next three to five years. Reliance will also spend 75 billion rupees to upgrade its Jio telecom network and invest 30 billion rupees in its retail business. “These projects will create 10 lakh (1 million) direct/indirect employment opportunities (in Gujarat),” Reliance said.The company already has a massive footprint in Gujarat, operating the world’s biggest refining complex in the city of Jamnagar.Earlier in the day, another Indian conglomerate Adani Group and South Korean steel major POSCO (NYSE:PKX) said they aim to invest about $5 billion on projects that include setting up an integrated steel mill in Gujarat.($1 = 73.9190 Indian rupees) More

  • 138 Shares189 Views

    in Cryptocurrency

    Solana Derivatives Platform Zeta Markets to Go Live on Solana Mainnet

    Zeta offers a list of features traditionally found on institutional-grade centralized exchanges including undercollateralized trading, portfolio cross-margining, sub-second mark-to-market updates, and instant settlement – among others. The Platform’s order book and matching engine are powered by Serum, a decentralized exchange and platform that provides the underlying liquidity infrastructure for protocols built on Solana, and has a pricing oracle on the Pyth Network, a next-generation oracle platform designed to provide trusted and verifiable market data to decentralized applications.Tristan Frizza, Core Contributor to Zeta Markets, commented on the news,”We’re excited to bring institutional-grade crypto derivatives trading to the masses. By launching on the Solana Mainnet, institutional investors now have access to traditional financial tools, like undercollateralized trading and portfolio cross-margining, in a familiar but decentralized manner. We are thankful for the support we have received from the Zeta community during our testing phase and are looking forward to working alongside them to continue building out Zeta’s offerings.”
    Additionally, Zeta has secured strategic partnerships with LedgerPrime and Pattern Research, leading derivatives market-makers in the cryptocurrency space, ensuring day one liquidity for all trades executed on the Platform. Liquidity is an integral part of ensuring exchanges can operate effectively and provide predictability to prices, which is going to prove particularly important as DeFi structured products take off on Solana.Shiliang Tang, Chief Investment Officer of LedgerPrime, added,”The launch of Zeta Markets on Mainnet is a major step forward not only for us, but for the crypto derivative ecosystem. As the crypto trading landscape matures, investors will need sophisticated derivatives products to properly manage their portfolios and will seek out platforms that operate in a familiar manner in order to get comfortable with the concept of DeFi. Zeta’s open-source nature allows developers to leverage the platform’s native code to enhance their own projects, further facilitating development, growth and innovation on the Solana blockchain.”
    Zeta provides a critical layer of DeFi infrastructure giving developers the resources needed to create successful crypto derivatives products, benefiting the entire DeFi ecosystem. Recently, the Platform launched Zeta FuZe, an open-source code repository that allows anyone to integrate a Solana-based protocol into the Zeta Markets platform, which includes code that is integral to building a DeFi Options Vault from scratch.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
    You can always unsubscribe with just 1 click.Continue reading on DailyCoin More

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    in Cryptocurrency

    Bitcoin (BTC) Price Smashes Its Weekly High to Recover From the Dip

    According to a report, Bitcoin (BTC) surged to its highest price in a week to recover from its market correction this year. Sparingly, traders had a strong expectation for this phenomenon to push BTC price from the $4k level, but it seems the crypto couldn’t survive.At press time, Bitcoin price is at $43,726.93 with a 24-hour trading volume of $60.29 billion on CoinMarketCap. It has a threshold value of over $826 billion as its market capitalization.Nonetheless, regardless of Bitcoin’s slow growth this time, this statistic still makes it the first largest crypto in the world. Ironically, the post attributed the BTC slight surge to the US Labor Department report on Consumer Price Index.Reportedly, there is a rumor speculating that the crypto price will soon rise to make the market enter a bullish mode in the coming days. When this happens, the Federal Reserve may be pressured to tighten its monetary conditions according to the report. Additionally, investors somewhat see Bitcoin as an instrument that hedges against inflation. Quantum (NASDAQ:QMCO) Economics Co-Founder, Mati Greenspan said,Furthermore, apart from Bitcoin, Near Protocol’s NEAR token also increased. Even more, the tokens showcase uptrend symptoms that it’s ready to go bullish in the market.Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.Continue reading on CoinQuora More

  • 163 Shares129 Views

    in Cryptocurrency

    Seoul to invest over 300 billion won on metaverse and other digitization projects

    According to a local news outlet The Korea Herald, up to 1,067 projects will benefit from the city’s plan to invest in these fast-rising technologies. About one-third of the total investment will be allocated to smart city projects that seek to explore the use of big data, AI, and metaverse technologies in building the digital infrastructure for improved civic services.That being said, nearly 250 projects involved in the city’s plan for a “paradigm shift to digitization” will be funded this year.Meanwhile, Seoul is also looking to fund other major projects, including the installation of AI-powered CCTV across the city in a bid to beef up safety, as well as digital education for the less privileged.The city believes that its latest push towards digitalization would create about 3,500 new jobs.Big Tech are not the only ones interested in the metaverse boom. As reported by BTC PEERS, China’s largest city and financial hub Shanghai recently said it was exploring the possible “application of the metaverse in areas such as public services, business offices, social entertainment, industrial manufacturing, production safety, and electronic games.”Continue reading on BTC Peers More

  • 100 Shares119 Views

    in Cryptocurrency

    Pakistan’s central bank reportedly wants to ban crypto

    Pakistan’s Sindh High Court reportedly held a hearing related to the legal status of cryptocurrencies in the country, in which several Pakistani authorities, including the SBP, submitted a document to the court, arguing that cryptocurrencies like Bitcoin (BTC) are illegal and cannot be used for trade. Continue Reading on Coin Telegraph More

  • 113 Shares179 Views

    in Economy

    Euro zone inflation not as transitory: ECB's de Guindos

    Inflation hit 5% last month, the highest on record for the 19-country currency bloc, but the ECB expects it back under its 2% target in both 2023 and 2024, even without policy tightening, as one-off pressure ease.”Inflation is not going to be as transitory as forecast only some months ago,” de Guindos told a UBS event. “The assessment of risk for inflation is moderately tilted to the upside over the next 12 months.”He added that energy costs are likely to remain elevated while supply-side bottlenecks continue to exert upward pressure on prices. Still, over the longer term, risks are still seen balanced, de Guindos said, adding that 2023 and 2024 inflation are both seen just below the ECB’s 2% target. Some policymakers are more sceptical, however, and warned that inflation could stay above target even further out as wage policy is likely to adjust to higher price growth, making the surge more durable. Although energy prices increased in recent weeks, de Guindos said this did not fundamentally alter the inflation picture.”They do not affect much the projections we produced 3 weeks ago,” he said.The Omicron variant of COVID-19 is also unlikely to significantly change the growth outlook, for now, he said, adding that European economies have adapted to living under the pandemic. More