Search
New EU Sanctions Package Preclude Russians From Owning Crypto Companies
21.12.2023
The European Union said Russian nationals from owning or controlling crypto service providers under the bloc’s twelfth package of restrictive measures against the country. According to the EU, diamonds entering its will now have to be traced from “the mine to the finger” and this...
Russian Ruble Plunges to 16-Month Low vs the US Dollar — Experts Cite Oil Price Cap
15.8.2023
The Russian currency’s exchange rate versus the U.S. dollar recently dropped below RUB100 per greenback — its lowest in 16 months. Economists attribute the ruble’s latest plunge to the effectiveness of a price cap imposed on Russian oil by Western countries. Russ Mould said...
Russian Ruble Falls by Over 18% in 2023, Economist Says the Currency Has ‘Stabilized’
25.7.2023
After the Russian currency touched a year low versus the greenback of nearly 92 units for every dollar, economist Robin Brooks said the ruble has stabilized and may eventually be lifted by rising oil prices. The Institute of International Finance Economist urged G7 countries to consider cutting...
Gold, Silver, and Oil Predictions; Ellison’s FTX Testimony and the Sam Trabucco Mystery; Massively Eroded Dollar Sees the Fed Turn 109 — Week in Review
1.1.2023
Robert Kiyosaki says the time to buy gold and silver is now, predicting a stock market crash will send prices of the precious metals higher. In other news, the crypto community has been curious about the former Alameda Research co-CEO Sam Trabucco, and his whereabouts, as the guilty plea...
Treasury Secretary Janet Yellen Warns Gas Prices Could Spike This Winter — Says ‘It’s a Risk’
13.9.2022
U.S. Treasury Secretary Janet Yellen has warned that gas prices could rise again this year. “It’s a risk that we’re working on the price cap to try to address,” she stressed. “Our price cap proposal is designed to both lower Russian revenues … while also...
Will Bitcoin’s rally sustain? DXY, SPX, GC and WTI could have the answer
9.9.2022
BTC rallies above $21,000 as the US dollar index shows signs of cooling off, but is the wider crypto market beginning to reverse its bearish trend?
After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’
14.6.2021
Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price.” Ahmed’s...
First Mover: What the Oil Price Collapse Means for Bitcoin’s Halving Valuation
22.4.2020
What does the crash in black gold mean for digital gold in the important weeks ahead?
Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate
23.3.2020
Extreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting. What...
Oil Price Down After OPEC Deal Failure, Crypto Markets Severely Hit
9.3.2020
Global oil prices plunged more than 26% on Sunday after the OPEC failed to strike a price deal with its allies. Saudi Arabia, the largest producer of crude oil in the world, slashed the oil prices along with planning to increase oil production further to be ready for a possible price war....
Oil Rises and Shares Drop in Asia Owing to Geopolitical Tensions
23.9.2019
For most of the year so far, the capital markets in different parts of the world have been disrupted by uncertainty due to geopolitical tensions. The biggest geopolitical issue that has spooked the markets for the entire year so far has been the trade war between the United States and China. When...
As Oil Demand Falters, OPEC Decides To Keep Output Cuts Into Next Year
1.7.2019
The OPEC countries’ share of oil production may have become far less than what it used to be, but the institution is still regarded as one of the most powerful bodies when it comes to the oil industry. The soaring production levels of shale oil in the United States and the weak outlook with regards...
Tension In Middle East, Oil Prices Increase
16.5.2019
The US West Texas Intermediate crude futures rose by 25 cents from the previous day and was at $62.27 for a barrel a rise of 0.4%. The Brent Crude futures also rose up by 0.7% up by 0.4% and ended the session at $72.04 for a barrel. The oil prices had stabilized after the fallout …
The post...