Author: Sam Allcock

The BRICS alliance is causing a significant shift in global finance. The US dollar’s dominance is waning as central banks diversify their reserves.BRICS countries are increasingly turning to gold and non-traditional currencies. This trend marks a pivotal change in international economic dynamics.The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, has been actively accumulating gold and diversifying their reserves to reduce reliance on the US dollar. This move gained momentum following sanctions on Russia in 2022. The collective purchase of 800 tonnes of gold in the past 18 months underscores this strategic shift.The fall in dollar reserves is…

Innovative Sand-Based Technology to Store Renewable Energy In an effort to combat climate change and contribute to the global drive for net-zero emissions, Italian company Magaldi Green Thermal Energy Storage is pioneering a novel approach to energy storage using an unlikely resource: sand. By harnessing surplus renewable energy and storing it as heat, this groundbreaking technology could reshape the way industries manage power, while drastically reducing carbon emissions. A New Approach to Energy Storage Traditional batteries, with their reliance on expensive and finite metals, have long been considered the go-to method for storing renewable energy. However, Magaldi’s new thermal energy…

Ethereum remains at the forefront of blockchain innovation, continuously pushing boundaries and evolving. As the second-largest cryptocurrency by market value, every update is pivotal.The forthcoming Pectra upgrade, set to launch in late 2024, promises transformative changes. It is anticipated to redefine Ethereum’s landscape, introducing key enhancements that will address existing challenges and propel the platform forward.The Significance of the Pectra UpgradeThe Pectra upgrade represents a substantial evolution in Ethereum’s history, named after the historic cities of Prague and Electra. It introduces numerous changes aimed at enhancing the network’s security, scalability, and overall user experience. As Ethereum continues to evolve, this…

Struggling with Debt and Low Wages Lawrence Delva-Gonzalez and his wife have an inspiring story of financial transformation. Once burdened with $150,000 in debt, the couple now enjoys a net worth of over $1.5 million. Remarkably, they achieved this financial success without holding high-paying jobs or taking on risky investments. Delva-Gonzalez, 41, faced significant financial challenges early in life. Born in the US but raised in a low-income household in Haiti, he grew up in a community where money was scarce. His grandmother worked multiple side jobs to provide for their family, and this experience shaped Delva-Gonzalez’s approach to money…

The meme coin BONK has shown a remarkable surge, intriguing many in the cryptocurrency market. Its recent price increase has sparked discussions about its future potential.With the price reaching $0.00002571, BONK is not just gaining traction but setting up expectations amidst growing market interest.As BONK captures attention in the digital currency arena, its trajectory for October appears promising. The recent surge to $0.00002571, marking an 8.73% increase, has ignited speculation among investors. This surge, bolstered by significant trading volumes, suggests that BONK may continue its upward trend, although market unpredictability remains a factor.The Relative Strength Index (RSI) for BONK has…

The future of MANTRA DAO presents an intriguing mix of potential challenges and opportunities. With predictions of a price dip amidst overall bullish sentiment, investors are curious about the token’s long-term prospects.As the market navigates these dynamics, MANTRA DAO shows promising signs for future growth. Understanding key indicators and trends is crucial for those interested in the cryptocurrency’s trajectory.As of early October 2024, MANTRA DAO’s price predictions indicate a potential drop of 4.55% by the onset of November, targeting a price of $1.216685. Despite this short-term dip, the market sentiment remains broadly positive.The token’s performance over the last month has…

Telegram has been sharing user data with authorities since 2018, CEO Pavel Durov confirms. The messaging app has clarified its policies.Durov recently addressed misconceptions about Telegram’s data sharing, stressing that the practice is not new. This follows his arrest over allegations of illicit activities on the platform.Telegram, a prominent player in the blockchain industry, has faced numerous inquiries regarding unlawful activities on its platform. After CEO Pavel Durov’s arrest, changes in data handling policies were expected, but Durov confirmed that the platform’s policy of sharing user data with authorities dates back to 2018.In a direct communication via his channel, Durov…

Pioneering Breakthrough in Clean Energy Development In a bold stride towards revolutionizing nuclear energy, U.S.-based Westinghouse has become the first reactor developer to achieve a significant milestone in its bid to introduce nuclear microreactors for real-world testing. The company, long established as a leader in industrial innovation, recently completed the front-end engineering and experimental design phase for its groundbreaking 5-megawatt microreactor. A New Era for Microreactor Technology This achievement paves the way for testing at the Idaho National Laboratory’s (INL) National Reactor Innovation Center (NRIC). The development is part of the U.S. Department of Energy’s (DOE) broader mission to accelerate…

The BRICS alliance is poised to redefine global financial dynamics. With its growing influence, it aims to challenge established Western economic powers.Amidst rising economic clout, BRICS targets the dominance of the US dollar, advocating for a multi-polar world economy. Their growing economic strategies could reshape global trade and finance.BRICS, now a nine-member block, represents a substantial portion of the global economy. With 40% of the world’s crude oil production and exports, it underlines the shift of economic power from West to East. This strategic positioning empowers BRICS to influence global economic narratives with increased authority.The BRICS nations are strategising to…

Exploring the realm of day trading can be enticing yet perilous. Each decision carries the potential for substantial gain or catastrophic loss.This is the story of one trader whose initial triumphs turned into a financial quandary, reminding us all of the volatile nature of day trading.The Allure of Day Trading’s Quick ProfitsDay trading captivates with its promise of swift gains through buying and selling on the same day. It is fast-paced and seemingly rewarding. However, for many naïve traders, like the one in this narrative, the reality is a stark departure from this glamorous perception. The excitement often masks the…