Search Results for "commodities"
South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities
South Korea’s parliament has put forward a bill that could see crypto profits taxed by up to 20% as members argue that cryptocurrencies are commodities.
New Revolutionary Trading Platform Allows You to Trade 48 Forex, Indices, Commodities and Cryptocurrency Markets with Your Bitcoin!
Geco.one brings Bitcoin holders the ability to enter the Forex, Indices and Commodities markets - as well as of course the Cryptocurrency markets, for the first time by simply depositing Bitcoin.
Optimistic Forecast for Commodities in 2025 Amid Market Resilience
The commodities sector anticipates growth in 2025, driven by improving global dynamics, following a resilient performance in 2024 despite facing significant challenges.
Uranium Tokenization: A New Era for Commodity Investment
The launch of xU3O8 marks the tokenization of uranium, offering investors new opportunities in the digital commodity market, according to Tezos.
Diversification in Commodities: Precious Metals Lead Q3 Gains
Gold and silver drive Q3 commodity gains amid central bank buying. Diversification across sectors is crucial for sustained long-term performance, according to VanEck.
Selective Strength in Commodities: A Focus on Gold and Copper Gains
Gold and copper show resilience amidst mixed commodity results, driven by policy shifts and strong fundamentals. Energy and agriculture sectors see declines, highlighting the importance of selective investment strategies.
Commodities Slump on China's Economic Headwinds
Commodity prices dropped 9% amid China's economic woes affecting demand, including COVID-19 and property sector issues. Crude oil prices fell sharply. Despite a positive long-term outlook, short-term risks remain.
Gensler Alleged Crypto Hypocrisy
Gary Gensler, head of the US securities regulator, is facing accusations of hypocrisy from the crypto community after a 2018 video surfaced of him stating that cryptocurrencies are commodities or cash and not securities. Several crypto leaders have expressed their shock and disgust at Gensler's apparent change of stance on the matter.
Bitcoin Outperforms than Commodities in 2021 Amid Dormant BTC Circulation Going a Notch Higher
Bitcoin is the best-performing asset compared to commodities this year BTC with a return of 96%.
BRICS Alliance Considers Creating New Currency
The BRICS alliance, comprised of Brazil, Russia, India, China, and South Africa, is reportedly exploring the possibility of creating its own currency, according to a top Russian official. Alexander Babakov, State Duma Deputy Chairman, stated that the currency could be based on new monetary ties and could be secured by gold and other commodities. The move is seen as a way to distance the BRICS nations from US dollar hegemony and to promote their shared objectives.
Ex-CEO of Investment Firm Pleads Guilty to Cryptocurrency Fraud Scheme
Peter Kambolin, the ex-CEO of Systematic Alpha Management, pleaded guilty to a conspiracy to commit commodities fraud involving cryptocurrency futures contracts, as revealed by the DOJ on October 12, 2023. The case, marking a milestone as the first of its kind, unveils a "cherry-picking" scheme where Kambolin misallocated profitable trades to his accounts, misrepresenting trading focuses to investors. With legal proceedings underway, Kambolin faces up to five years in prison, showcasing the authorities' resolve against financial fraud in the crypto sector.
NFA issues new rule for digital asset commodities
The National Futures Association has issued a new compliance rule to address fraud and misconduct by its over 100 members involved in digital asset commodities. The new rule will take effect on May 31 and applies only to Bitcoin and Ether.