EARN MORE MONEY

Oil prices fall as hurricane Harvey is about to hit Texas

Oil prices took a plunge in the latest market session as investors were worried about the risk of a weaker demand for oil because of a potential category 3 hurricane that is building up in the Gulf of Mexico.

Prices were also further pressed as investors remained cautious as to whether the glut in oil supplies is finally disappearing. U.S. production has continued its climb to more than two-year highs.

October Brent Crude oil prices were down by 53 cents, or 1% to $52.04 per barrel on London’s Ice futures exchange.

Bitcoin Cash is back to profitable positions amid mining adjustments

The relationship between bitcoin and bitcoin cash continued to evolve today, with the two blockchain networks competing for miners' interest and computing power.

At press time, the bitcoin cash blockchain has seen five negative difficulty adjustments after having a hard time to produce any blocks the previous day.

Blocks 481,878 through 481,882 – each pushed down the difficulty which is under the network’s “emergency difficulty adjustment rule”.  The device adjusts difficulty 20% down, making it easier for miners to find blocks and claim rewards.

In reactions to that, the difficulty adjustments were successful in bringing the rates back to about 10% of the Bitcoin’s hash rate.

* The details mentioned above have been partially adopted from third party sources, including websites, and are displayed “AS-IS” Readers should take into account that all the data that appear in this review can change based on the dynamic of global markets. The information provided by the review ought not to be considered as advice or financial guidance nor can it relate to any investor’s personal requirements or investment goals. In addition, the data should not be conceived as any kind of recommendation to trade and / or carry out a transaction and / or deposit funds.