Alm Maye

Tether

Tether backed by USD – USDT claims that most of its backing is not in commercial paper, and connection to Celsius

There have always been questions about the true backing of Tether’s reserves, and rumours have claimed that 85% of its portfolio is held in Chinese and Asian commercial paper. On Wednesday, Tether issued a statement denying these claims as “completely false” and so far, USDT has maintained its peg to the US dollar.  Contrary to …

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Bitcoin

Bitcoin price prediction June 2022 : BTC almost touches $20,000 amid fears of Celsius becoming insolvent and a general selloff

Over the past 24%, Bitcoin prices have fallen more than 5% after recovering some of the losses during the day. At some point, the price of BTC had dropped below $20,200 and was headed for the $20,000 mark not seen since December 2020.  The global crypto market has declined 5.32% according to CoinMarketCap over the …

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Tesla

Tesla stock down – Tesla leads in crashes attributed to advanced driver-assist systems in the US

A report by the National Highway Traffic Safety Administration (NHTSA) showed that Teslas had the highest number of crashes caused by advanced driver-assist systems (ADAS). Of all reported cases, Tesla vehicles accounted for 70% of incidents while Alphabet’s Waymo had the most incidents involving autonomous vehicles.  The NHTSA report is the first of its kind …

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Stellantis

Stellantis US plants – Stock climbs as the company announces ‘indefinite’ layoffs at US stamping plant

Shares of the world’s fourth-largest automaker – Stellantis, climbed nearly 3% today after announcing that it would begin laying off staff. The layoffs will start next week as early as June 20 at the Sterling Heights, Michigan stamping plant, which also happens to be the world’s largest stamping plant.  The Sterling Heights Stellantis plant has …

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TotalEnergies

TotalEnergies in Angola – Agrees to $850 million investment to launch new project in Angola

TotalEnergies along with other major oil and companies and Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) have agreed to a $850 Final Investment Decision (FID). The investment is aimed at increasing Angola’s oil production and taking advantage of the standardisation of subsea equipment.  The investment will launch the CLOV Phase 3 Project about …

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Stellantis US plants – Stock climbs as the company announces ‘indefinite’ layoffs at US stamping plant

Shares of the world’s fourth-largest automaker climbed nearly 3% today after announcing that it would begin laying off staff. The layoffs will start next week as early as June 20 at the Sterling Heights, Michigan stamping plant, which also happens to be the world’s largest stamping plant.  The Sterling Heights Stellantis plant has 2,184 employees, …

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TotalEnergies in Angola – Agrees to $850 million investment to launch new project in Angola

TotalEnergies along with other major oil and companies and Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) have agreed to a $850 Final Investment Decision (FID). The investment is aimed at increasing Angola’s oil production and taking advantage of the standardisation of subsea equipment.  The investment will launch the CLOV Phase 3 Project about …

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ApeCoin

ApeCoin prediction July 2022: 3 expert predictions to make you buy right now

After reaching a high of over $27.75 on 28 April on Coinbase, ApeCoin (APE) has since lost more than 86% of its value. Although the entire crypto market has been bearish since the start of the year, ApeCoin has suffered a particularly steep drop. This has got investors and traders worried that it may be …

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