Saudi Aramco has become the most profitable company in the world

Saudi Aramco has become the most profitable company in the world

According to Moodyэs, Saudi Aramco earned 111.1 billion dollars in net profit in 2018, which is more than the total profits of Apple, Google and Exxon Mobil. According to Fitch Ratings, the company’s profit before interest, taxes and depreciation amounted to $ 224 billion. Agencies say that Aramco could show more impressive results if it were not for high taxes. It also prevents it from getting a higher credit rating. Aramco gives 50% of income in the form of income tax. The company also pays royalties on a sliding scale at a rate of at least 20%.

The Russian social network is developing the idea of creating its own cryptocurrency, reports RNS, citing a source familiar with the company’s plans. According to him, at the moment it is planned to create individual accounts for the accumulation of cryptocurrency to all users of the social network. The source notes that the final decision on the launch of cryptocurrency has not yet been made. RNS refers to the presentation, from which it follows that the cryptocurrency can be credited to users for their time and activity on the social network. Cryptocurrency can be saved, transferred to other users, exchanged for goods and converted via VK Pay. Users will also be able to receive cryptocurrency for publications, reposts and comments.

The Japanese cryptocurrency exchange opened an over-the-counter platform focused on institutional investors. On the OTC platform, you can exchange bitcoins using the exchange web interface of 50 BTC. Service will work from 04 00 to 09 00 Moscow time on weekdays. The new product does not support the Coincheck application and API trading. Coincheck plans to add support for other cryptocurrencies, but at the moment, only Bitcoin will be available to major investors.

The price of litecoin has doubled in the last three months, from $ 30 to $ 61. This was the best dynamics of cryptocurrency in the first quarter in its history. The LTC price showed a drop in the first quarters of 2014, 2015, 2016 of 45.34%, 40.36% and 5.41%, respectively. At the beginning of 2018, the rate fell by 48.54% in three months. On August 8, a halting litecoin reward for the block is expected to drop to 12.5 litecoins. Previously, the Litecoin Foundation developers began working closely with the Beam team to implement the MimbleWimble protocol in their projects. It will increase the level of security and privacy in litecoin.

The total capitalization of the cryptocurrency market at 17:30 is $ 146 billion. The trading volume for 24 hours amounted to 33 billion dollars.

  • Bitcoin has risen in price in the last 24 hours by 1.23% to $ 4,157.13.
  • Ether (ETH / USD) went up by 0.83% to $ 142.67.
  • XRP (XRP / USD) went up by 0.95% to $ 0.312.
  • EOS (EOS / USD) went up by 0.54% to $ 4.2.
  • Litecoin (LTC / USD) went up by 0.26% to $ 60.8.

The best growth among the top 100 cryptocurrencies showed: Dogecoin (+ 17.65%)

  • Bitcoin mining profitability: $ 0.174 for 1 TH / s
  • Ether: $ 0.0155 for 1 MH / s
  • Bitcoin Cash: $ 0.146 for 1 TH / s
  • Litecoin: $ 2,985 for 1 GH / s
  • Dash: $ 0.0356 for 1 GH / s