A StockApps.coms data presentation indicates that Bitcoin’s total hash rate is down by -1.7% in Q2 2022. There have only been a few other occasions in its history when the hash rate has dropped significantly. Despite this, it is still up 13.93% this year, while BTC’s price has dropped 56%. StockApp’s Edith Reads said: “The
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The Central Bank of Cyprus has warned businesses and the public of a ‘ghost’ bank called Sabax operating in Limassol, noting the entity has not been licensed by the supervising authority. In a written statement, the CBC also said the document appearing on the website of the credit institution as the operating license granted by
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Health Minister Michalis Hadjipantela is in contact with his counterparts in neighbouring countries, asking them to supply Cyprus with vaccines for monkeypox. Health Ministry advisοr Konstantinos Athanasiou said: “Since we have the first confirmed case, Cyprus is taking steps to speed up the process of receiving the vaccines.” At the same time, the Minister of
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Brussels is promoting the idea of creating a bi-communal solar power plant that would “contribute to meet the energy needs of both communities”, European Commission President Ursula von der Leyen told the Cyprus News Agency. She said the Commission has “prepared the ground for developing a pre-feasibility study”. Von der Leyen said there could be
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Cyprus’ General Healthcare System is in turmoil after the head of the Health Insurance Organisation (HIO), Thomas Antoniou, tendered his resignation after personal attacks against him and the GHS. Antoniou’s resignation comes a week after the HIO was shaken by the appointment and almost immediate termination of Dr Petros Agathangelou, president of the Cyprus Medical
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The European Commission has announced it will fund new projects costing €171 mln to support migrant reception, asylum and return systems in Cyprus, Italy, Spain, Greece, and Poland. Funding for all countries will be directed to projects related to their reception, asylum and return systems and is intended for national authorities and international organisations. Support
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Paphos will soon have its own state-or-the-art football ground, as the football club’s Russian investors are set to take over the town’s Stelios Kyriakides stadium. Media reports on Thursday said authorities approved Paphos FC owners’ request to run the stadium for 90 years, turning it, as they proclaim, into the island’s most modern sports centre.
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Cyprus allocates €103 per person for research and development, less than half the EU average of €244, according to data on government budget allocations for R&D. In 2021, the total government budget allocations for R&D across the EU was €109.2 bln, equivalent to 0.8% of GDP. It is a 6% increase compared with 2020 (€102.7
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The Bank of England’s expected interest rate rise has been slammed as “harmful” and a “misery rate rise” by the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations. The damning assessment from Nigel Green, chief executive and founder of deVere Group, which has more than $12bn under advisement,
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This year’s sweltering Cyprus summer is no hotter than previous ones even though maximum temperatures have consistently hit 40 degrees Celsius for two weeks, Senior Meteorological Officer Michalis Mouskos said. Asked by CNA whether the frequency of high temperatures has increased in Cyprus from previous years, Mouskos said that heatwaves are a combination of temperature,
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