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Several members of the BRICS alliance produce and export oil and gas across the world. From Russia to Brazil and Egypt, the bloc controls 45% of the global oil and gas output. If Saudi Arabia had accepted the invitation in 2023, the supply could have soared further. BRICS member Egypt announced on Friday the completion of a new drilling well in Zohr to produce natural gas. What caught everyone’s attention is not the announcement, but the sheer scale of the production capacity. The Zohr gas refinery, which is situated in the waters of the Mediterranean Sea, is estimated to produce 2 billion cubic meters of gas per day. Also Read: US Weaponizes Oil Politics to Break BRICS’ Russia-China-India Axis BRICS: Egypt To Boost 2 Billion Cubic Meters of Gas Each Day Source: Twitter The volume is equivalent to approximately 12.5 million barrels of oil per day. This gas production capacity also surpasses its BRICS counterpart, Brazil, and even Canada. The announcement reinforces Egypt’s a...

The CEO of the biggest asset manager in the world says that gold and cryptocurrencies are “assets of fear.” In a roundtable discussion at the Future Investment Initiative (FII) in Riyadh, Saudi Arabia, BlackRock CEO Larry Fink says that crypto assets are a legitimate investment for those who want to hedge against “optimism.” “If you believe that countries are going to continually debase their currency, if you believe that they’re is going to be global rise of insecurity… crypto assets or gold are assets of fear. You own these assets because you’re frightened of the debasement of your assets, you’re worried about your financial security, you’re worried about your fiscal security, and between crypto assets and gold, there’s a strong belief that it’s a good hedge against optimism.” In a separate interview with 60 Minutes, Fink says that after being initially skeptical of Bitcoin (BTC), he ...

Solana (SOL) has been on a rollercoaster ride of late, with its its value seeing erratic shifts and even retreating in many instances. Related Reading ARB Market Plummets 14%, But New Developments Could Reverse The Trend 14 hours ago For Solana, the sharp swings in the market have presented a difficult picture; nevertheless, experts still have optimism. They see this as a passing phase even with the downward pressures. The altcoin’s technical developments point to an interesting future. At the time of writing, SOL was trading at $150, down 6.2% and 17.1% in the daily and weekly frames, data from Coingecko shows. Even within the turmoil, the recent trading volume of $9.80 billion over the past ...

The innovative cryptocurrency trading platform FutureX Pro’s CEO and creative force, Alan Ang, was kind enough to speak with NewsBTC about its recent launch. FutureX Pro puts user privacy, security, and new trading solutions at the top of its list of priorities for the future of digital assets. In this exclusive chat, Alan talks about the platform’s strategic plans for the future and unique Features . NewsBTC: Why did you decide to start FutureX Pro and what sets it apart from other crypto exchanges in the highly-stacked crypto market? CEO: The decision to start FutureX Pro stemmed from a strong commitment to making cryptocurrency trading more accessible, secure, and user-centric. We recognized significant gaps in the market, particularly in areas like user privacy, security, and the need for innovative trading sy...

Last week, the cryptocurrency market saw an uptick with Bitcoin touching the $68,000 mark and Ethereum also trading above $3,000. This trend impacted numerous top cryptocurrencies and intensified losses among altcoins. Consequently, these developments saw several altcoins enter the list of best altcoins to invest in today . However, discovering these tokens often requires diligent research, as investor attention tends to gravitate towards already surging assets. Today’s article analyses the recent performance of cryptocurrencies that have topped the gainers list in the past 24 hours. The goal is to pinpoint tokens showing potential and provide insights for investors.  6 Best Altcoin To Invest In Today Today’s article explores the performance of promising cryptocurrencies that investors should consider adding to their watchlists. It highlights Base Dawgz , a recent meme coin launch on the Base Network known for its unique multichain functionality, facilitating seamles...

Chainlink (LINK), one of the major players in the decentralized finance space, is currently facing increased bearish pressure in the market. As LINK’s bearish momentum continues to build, key technical indicators are signaling the potential for further loss toward the critical support level at $12 for the cryptocurrency. With this current price movement, Chainlink could continue to decline, testing lower support levels in the near future, unless there is a significant reversal in market sentiment. This article provides an in-depth Analysis by evaluating the current market sentiment around Chainlink, examining key technical indicators, and identifying critical support levels along with their implications for LINK’s price stability. As of the time of writing, it had a market capitalization of over $7.7 billion and a trading volume of over $243 million.LINK was down by 3.75%, trading at around $12.82. In the last 24 hours, both the asset’s market cap and ...