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Bitcoin Resilient as Commodity Prices Inflate, Dollar Strength May Hurt
28.2.2022
The sustainability of bitcoin's gains is under question, as the escalating U.S.-Ukraine crisis has led to stress in the dollar funding markets
AUS and NZ Look Steadier with Global Commodity Price Hike
22.2.2022
As Russia stood on the verge of a world war with Ukraine, the global economy faced some major changes in the chart as well. The political climate between the two countries led to an unusual hike in commodity prices worldwide, the primary reason for this being the uneasiness among investors....
NZ and AUD Dollar Remain Flat While Commodity Gains
14.2.2022
The week started a bit sluggish as the geopolitical concerns in Ukraine affected the market. The effects elevated as inflation widens its reaches, affecting New Zealand and Australian dollars. The AUD slipped to 0.7130 dollars after surging 0.8%, failing to maintain its peak at 0.7248 dollars....
SEC Working With CFTC on Crypto Regulation, Says Chairman Gensler
12.2.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says the securities regulator is working with the Commodity Futures Trading Commission (CFTC) on crypto regulation. In addition, he said the SEC is “trying to work with various crypto platforms, exchanges...
Commodity Surge Help AUD and NZD Start a Rally
8.2.2022
The week commenced with AUD and NZD trying to sustain a rally with the recent commodity surge. The Australian dollar cemented itself to 0.7131 dollars, securing a 0.7% growth overnight. Similarly, the Kiwi dollar stood around 0.6635 dollars after hiking 0.3% overnight. Both currencies are barely...
Pandemic Has Accelerated Crypto Market’s Transformation Into Commodity Market - Research
28.1.2022
The cryptocurrency market is beginning to consolidate and is increasingly similar to a commodity market, with an increased correlation between cryptos coinciding with the early stages of the COVID-19 pandemic, according to researchers from the Institute of Nuclear Physics of the Polish Academy...
Mettalex and S&P Global Platts Launch Industrial-Grade Commodity Price Data Feeds Within the DeFi Ecosystem
28.1.2022
Mettalex, a decentralized commodities derivatives exchange on Fetch.ai, has partnered with S&P Global Platts, a press release on January 24 reveals. S&P Global Platts and Mettalex Join Hands for better Efficiency and Flexibility S&P Global Platts has a global presence as a provider...
High Oil Prices Boost Commodity Currencies, Dollar Rally Stalls
20.1.2022
An overnight change of fortune has resulted in a hike in commodity currencies like Canadian and Australian dollars. The hike was caused by a sudden surge in the price of oil which in turn supported the aforementioned currencies to take a firm hold in the market. The US dollar, however, came to...
Financial Guru Dave Ramsey Says Crypto Is ‘Fun,’ Here to Stay, Can Be Part of Portfolios
13.1.2022
Financial guru Dave Ramsey says crypto is “fun” and can be a small part of investment portfolios. “It’s a commodity. Is it going to be around? Sure, it’s going to be around,” Ramsey said. Dave Ramsey Now Considers Cryptocurrency a Commodity That Is Here...
Report: Illicit Crypto Addresses Received $14 Billion in 2021, Only 0.15% of Transaction Volume Associated With Crime
8.1.2022
According to the latest data from Chainalysis, the total cryptocurrency value received by illicit addresses grew to a new all-time high of $14 billion in 2021. Although the new all-time high is almost twice the $7.8 billion that was recorded in 2020, it represents just 0.15% of the 2021...
CFTC Fines ‘Decentralized’ Prediction Market Platform Polymarket $1.4 Million, Shuts Down Noncompliant Markets
4.1.2022
The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based...
CFTC Commissioner Opposes Regulation by Enforcement, Says Crypto Needs Clearer Rules
9.12.2021
A commissioner with the Commodity Futures Trading Commission (CFTC), Dawn Stump, has voiced concerns about cryptocurrency regulation through enforcement — the approach taken by both the CFTC and the U.S. Securities and Exchange Commission (SEC). CFTC Commissioner Stump on Crypto Regulation...
Over 80% of African Users on Mineplex Reportedly Interested in Buying Goods With Staked Crypto
5.12.2021
A report says over 80% of African users on the Mineplex marketplace have shown an interest in the platform’s commodity staking program since launch. Zero Fee Alternative According to a recent study, over 80% of African users have taken part in the commodity staking program since its launch...
ESG oriented blockchain wants on-chain ‘nutrition labels’ for every commodity exchanged
8.11.2021
Representatives from the Watr Foundation said that they seek to bring ESG transparency to commodities industry
Author Insists Current Gold Price Cheaper Now Than in 1980
8.11.2021
While gold is generally perceived to be the best hedge against inflation, a report written by author Kelsey Williams has now questioned this longstanding assertion. In the report, Williams argues that the current gold price of around $1,810 per ounce is much lower than the commodity’s...
Indian government is reportedly considering regulating crypto as a commodity
28.10.2021
Officials from India's Finance Ministry said any potential law on cryptocurrencies would likely come around the time the government submits the Union Budget of India in February
Investment Advisers Prohibited From Crypto Activities in India, Regulator Warns
23.10.2021
The Securities and Exchange Board of India (SEBI) has issued a warning that registered investment advisers are not allowed to engage in unregistered activities. This warning includes crypto activities since crypto is currently an unregulated industry in India. SEBI Warns Registered Investment...
CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million
15.10.2021
On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading...
Bitcoin's $50K resistance to become support in Q4 — Bloomberg commodity strategist
6.10.2021
BTC price surged toward $55,000 on Wednesday even as traditional risk assets such as stocks tumbled and the dollar rose
Tanzania Central Bank Heeding Call to Prepare for Crypto, Economists Express Reservations
5.10.2021
While the Bank of Tanzania (BOT) executives continue to reiterate the central bank’s willingness to heed the government’s call to prepare for cryptocurrencies, some economists insist Tanzania lacks the resources needed for it to adopt such digital currencies. Economists: Tanzania...