New York state Attorney General Letitia James announced that she has filed suit against cryptocurrency exchange KuCoin after she was able to buy and sell crypto on the exchange, which is not registere...
Tag: commodities
CFTC chair says ether and stablecoins are commodities
Rostin Behnam, the US Commodities Futures Trading Commission (CFTC) chairman, has reaffirmed his stance on ether (ETH) and stablecoins, making it clear that they qualify as securities. During a March ...
Ether and Stablecoins Could be Commodities: CFTC Chair
The head of the CFTC has reaffirmed opinions on the securities status of major cryptocurrencies, including ether, that outright clash with SEC chief Gary Gensler’s interpretation of securities law. At...
Oil Sector Dealmaking Heats Up
Investment in oil and gas companies listed on the S&P 500 increased by more than 26% this past year, … [+] even as the index tumbled by 5% overall. getty Reports of the shine going off the o...
CFTC: ETH and stablecoins are commodities
The debate continues over the nature of cryptocurrencies and stablecoins, that is, whether they should be considered securities or commodities. This time to speak out is Rostin Behnam, the Chairman of...
CFTC Labels Ether and Stablecoins as Commodities: Will the SEC Agree?
The US Commodity Futures Trading Commission (CFTC) has designated Ether and stablecoins as commodities, a move that could have far-reaching implications for the crypto industry. The decision comes aft...
Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair
Stablecoins and Ether (ETH) are commodities and should come under the purview of the United States Commodity Futures Trading Commission (CFTC), its chairman has again asserted at a recent Senate heari...
CFTC chair Rostin Benham deems Ethereum, stablecoins to be commodities
Ad CFTC chair Rostin Benham said that various digital assets, including Ethereum and stablecoins, are commodities during a senate hearing on March 8. Rostin Benham on ETH, stablecoins During a hearing...
Freshforex grows brand with over 200 instruments across crypto, stocks and commodities
Freshforex, a forex broker founded in 2004 and among the leading online trading platforms with a presence in over 150 countries, eyes further growth as more users access its large portfolio of product...
Stocks Rally Slowed by China; Commodities Decline: Markets Wrap
(Bloomberg) — A gauge of Asian shares advanced along with US and European equity futures while Chinese stocks fell, weighed down by a modest economic growth target that diminishes the prospect o...
China’s Growth Plans Give Commodities Bulls Little to Run With
(Bloomberg) — China’s annual National People’s Congress, the first since Beijing brought an abrupt end to three years of crippling Covid Zero restrictions, has begun with a modest target for eco...
Weird Winter Weather Set To Send Wheat Prices Back Higher
MYRONIVKA, UKRAINE – JULY 29: A stork flies above a wheat field as a combine harvester of TVK Seed … [+] agricultural company harvests wheat on July 29, 2022 not far from Myronivka, Ukrain...
Here Are Five Charts to Watch in Global Commodities This Week
(Bloomberg) — Most Read from Bloomberg This week will mark a full year since Russia invaded Ukraine. The conflict has resulted in the deaths of tens of thousands of people, displaced millions of...
Eddy Alexandre Pleads Guilty to Commodities Fraud
In a New York district court, Eddy Alexandre, the CEO of a putative cryptocurrency trading platform known as EminiFX, pled guilty to commodities fraud. As part of his plea deal, he agreed to pay back ...
Big Oil’s Big Paradox: Record Profits, Low Stock Valuations
Big Oil has never been more profitable, but it has hardly ever been a smaller part of the stock market. That’s enough to make industry executives feel unappreciated. “We’re grossly undervalued,” says ...
Ripple CTO Offers Simple Metric To Distinguish Securities From Commodities
Schwartz attempts to dispel the confusion on what constitutes a security and commodity in the crypto space. Ripple’s chief technology officer David Schwartz has offered a simple method to identify wha...
How Are The Leading Countries Faring On The Path To Net Zero?
Authored by Wood Mackenzie’s Prakash Sharma and David Brown In the run-up to the COP27 climate conference in Egypt, more than 80 countries announced pledges to reach net zero emissions around mi...
Energy Earnings Could Drop 11%
After two years of skyrocketing growth, oil and gas earnings are now past their peak. The good thing for the stocks is that the peak was remarkably high, and the decline is likely to be very gradual. ...
Natural Gas Prices Are Dropping. What Comes Next.
The price of natural gas fell below $3 per million British Thermal Units for the first time since May 2021 on Wednesday, and it kept dropping on Thursday. It’s a stunning decline for a commodity that ...
Dow Inc. Warns of Weakness, to Lay Off 2,000 Workers as Earnings Fall
Chemicals giant Dow Inc. sees the global economy slowing down and is preparing for weakness by cutting costs and focusing on cash generation. That’s the right playbook for a weak operating environment...
Investing in Silver: Four Ways to Invest and Why
Gold isn’t the only game in town, even though you’d never know it by watching late night TV. Here’s what to know and what to consider if you’d like to invest in silver. What Do...
EOG Resources Director Mike Kerr Buys Up Stock
Energy exploration and production company EOG Resources had a boffo 2022, and one of its directors made his second purchase of shares in three months. EOG stock (ticker: EOG) surged 46% last year, lif...
Busan set to launch digital commodities exchange
Busan, South Korea, announced that by H2 2023, it would launch the world’s first decentralized digital commodity exchange in which all products will be tokenized and traded based on blockchain. Some ...
Goldman Sees ‘Bullish Concoction’ for Global Commodities
(Bloomberg) — Commodities have the strongest outlook of any asset class in 2023, with a perfect macroeconomic environment and critically low inventories for almost every key raw material, accord...
CFTC Chair’s ‘Ether, stablecoins are commodities’ comments stir more trouble
Ether and stablecoins are commodities, according to Rostin Benham Opposing viewpoints of different market regulators in the U.S fueling discord and lack of clarity As the tug of war between U.S regula...