Wrong-Way Bet on Corona Is Transforming the Oil Trading Sector

covid-is-changing-oil

At the start of the year, when a mystery sickness turned up in Wuhan in China, oil prices worldwide plummeted. In Singapore, 2,000 miles away, the most influential person from the sphere of commodity trading, Lim Oon Kuin, added to his many stocks of fuel – thus betting that the Chinese government would control the […]

The United Kingdom and Turkey Sign a Trade Agreement

The United Kingdom and Turkey Sign a Trade Agreement

The United Kingdom and Turkey have entered into a no-tariff trade agreement that is going to support the trading relationship of £18.6b in 2019. Both nations are striving to work toward a more ambitious trade agreement for upcoming times. The United Kingdom and Turkey are securing a big victory trade agreement for the the United […]

Swiss Central Bank Announces the Successful Trial of its Central Bank Digital Currency

Swiss Central Bank Announces the Successful Trial of its Central Bank Digital Currency

Although the Swiss Central Bank didn’t settle on the way forward in issuing its central bank digital currency (CBDC), the test phase has been successful. The digital franc trial involved the settlement of large-scaled transactions among financial entities via a test called Project Helvetia. Amping up the quality of trade Project Helvetia was managed by […]

Oil Prices Plummet as the New Virus Strain Reinforces Fear

The year 2020 – a game-changer year is almost behind us, and as we continue to watch the unfolding of the ripple effect the pandemic created, new issues constantly keep emerging and disrupting the slow progression of the much needed global recovery. The sudden economic halt, worldwide lockdowns, strict curfews, governmentally issued restrictions made it […]

Is Airbnb A Solid Stock Investment Even During a Pandemic?

The economic turmoil that was set in motion after the outbreak of coronavirus, created uncertainty and wariness in the stock market. Investors and stockholders nowadays monitor these volatile changes that were rippled by the pandemic. A global economic slump is making it hard to maintain liquidity, minimize losses, and ensure long-term survival in the ever-changing […]

Tesla, Worth $600 Billion, Intends To Raise $5 Billion More In Stocks

Tesla, Worth $600 Billion, Intends To Raise $5 Billion More In Stocks

Tesla is profiting from the fantastic spike in its stock price, revealing intentions to sell a maximum of five billion dollars in additional stocks. The firm stated that the sale would occur from time to time at marketplace rates. Tesla has gained from its increasing stock price by selling extra stocks previously. This was also […]

Cryptocurrency Founder Of The ETH-based Oyster Protocol Arrested For Tax Evasion

Cryptocurrency Founder Of The ETH-based Oyster Protocol Arrested For Tax Evasion

The founder of the ETH-based Oyster Protocol smart contract platform was arrested after an exit scam in which he received multiple million-dollar gains. Amir Bruno Elmaani, called “Bruno Block,” was arrested and charged with tax evasion. SEC stated that Block allegedly raked millions in profits from the ITO of Oyster’s proprietary Pearl cryptocurrency but didn’t […]

From Cryptocurrencies to Tokens: Mass Migration Underway

From Cryptocurrencies to Tokens: Mass Migration Underway

My trip to the world of cryptocurrencies wasn’t straightforward. I spent two decades working in conventional banking institutions, trading forex for Morgan Stanley, Merrill Lynch, and others. While handling trading books via devaluations in Asia, South America, and Iceland, I got to great points in my career. I spent my first career researching currency methods […]

Crypto News: Study Reveals Cryptocurrency Adoption Problems In India & More

india-crypto

The study results show that 68 percent of surveyed people earning over INR 10 Lakhs per year referred to the lacking number of regulatory clarity as a big problem when thinking about investments in cryptos. In a recent CoinDCX survey, 60 percent of surveyed people earning less than INR 5 yearly found it very difficult […]

Russia And China To Reduce Their Dollar Dependence

Russia And China To Reduce Their Dollar Dependence

Over the last half a decade, China and Russia have decreased their dollar usage by nearly half in trade settlements. Pros claim that this could lead to a financial partnership between nations. Downfall in Usage The trading share of the dollar dropped below 50 percent between Russia and China in Q1 this year. This is […]

UK in Recession For the First Time in Over a Decade

UK in Recession For the First Time in Over a Decade

The effects of the pandemic had a substantial effect on the United Kingdom economy. Between April and June, the UK economy saw its greatest downturn, meaning the nation is now officially in a recession. Q2 Issues A contrast between January, February, and March revealed a 20.4% downturn in the economy since shops’ closing and a […]

Cryptocurrency Credit Cards: New Options for the Finance Industry of Tomorrow

Cryptocurrency Credit Cards: New Options for the Finance Industry of Tomorrow

In the digital finance world, cryptocurrency credit cards or “crypto credit cards” are becoming common to render cryptocurrency assets flexible. These cards are going to change the way we see money handling. But what are they, and why are they so hot right now? Cryptocurrency properties back cryptocurrency credit cards that are basically representations of […]

3 Ways The Federal Reserve Deals With Recession

Chinese State Owned Bank Releases Test App for Digital Yuan

It is interesting to consider how one of the global financial superpowers helps to curb the tide as we move through what may be the worst global recession in nearly a century. Role Of The Fed By reducing unemployment and stabilizing rates, the Central Bank of America, the Federal Reserve, uses a dual mandate as […]

The Business Model For Crypto Is Familiar

The Business Model For Crypto Is Familiar

Most developers and investors claim crypto ventures can’t capture interest because they’re open-source codebase. The thought goes that if you develop open-source code, somebody comes along and copies it, luring away your users and any revenue potential. That doesn’t seem like a good base for a company. But crypto networks adhere to a sustainable business […]

ABS2020: There Are No Borders For The Future Of Blockchain

ABS2020: There Are No Borders For The Future Of Blockchain

Asia Blockchain Summit 2020 brings together the biggest creative personas, innovation-seekers in the blocktech sector and from the world. They will be tackling the acceptance of distributed ledgers. The happening will be digital and will occur on July 15-19. This summer, chief executive officers and the leading people of the globe’s biggest firms, influential people, […]