Financial Markets and Money Warfare... Crypto crashes after more countries discuss regulating it.
Tether price increase in an hour.... Around 8:03 AM, #Tether tanked -99% to $0.0013 on CoinMarketCap, Bitfinex, and Binance, etc. By 8:57 AM, they scrubbed the $USDT crash and pretended it never happened. Too bad I recorded it on the blockchain, where it will live forever.
What is happening with GameStop stocks?... GME went from 77 to 108 in 30 minutes and halted
‘Not rational!’ - Top Tory MP demands investigation into the Bank of England... With Britain gripped in a cost of living crisis, the former senior cabinet minister has attacked the Bank of England, which was made independent of Government by former Labour Chancellor Gordon Brown, for failing to understand the threat posed to the British economy. It comes as Chancellor Rishi Sunak has risked infuriating his Tory MP colleagues more by appointing another anti-Brexit economist to the Bank's board.
First Cracks: Hong Kong Intervenes To Prop Up Local Currency For First Time Since 2019... Two days after we reported that the Chinese yuan had cratered (just days after we warned that China will soon devalue) in what appears to be a concurrent devaluation alongside the plunging yen...
SEC Chair Gensler doubles down on regulating crypto as securities... Securities and Exchange Commission Chairman Gary Gensler is doubling down on his claim that most cryptocurrencies constitute securities as the administration looks to regulate digital assets.
Developer Sunac China admits default on $750m bond... Sunac China Holdings, one of the country's largest developers, acknowledged on Thursday that it had defaulted on a $750 million bond.
The NOPEC Bill Could Send Oil Prices To $300... If the U.S. passes the NOPEC bill, a bill designed to pave the way for lawsuits against OPEC members for market manipulation, the oil market could face even more chaos. OPEC’s most influential energy ministers warned against passing the legislation, suggesting it could send oil prices soaring by 200% or 300%.
The cryptocurrency bubble bursts… but is it a sign of a stock market crash to come? Digital investors lose fortunes as Ethereum sheds 20% of its value in 24 hours, Luna drops NINET... Digital currencies are plunging in value today in a so-called 'crypto winter' that has lost investors billions and is fuelling fears that it is the harbinger of a wider stock market crash.
Selloff in Stocks Isn’t Over Yet, Says Morgan Stanley... The rout in stocks isn’t over just yet, according to Morgan Stanley strategists, who see scope for both US and European equities to correct further amid mounting concerns of slowing growth.
Is China Planning to Attack the Dollar With a Gold-Backed Yuan?... In 2018, China launched a oil futures contract that was priced in yuan but could be converted to gold. It means that oil producers could sell oil to China and immediately convert the yuan they got into gold, providing them better value than the paper yuan and even the dollar.
JPMorgan's Head Of US Trading: I Haven't Seen Investors This Bearish Since 2008... It may come as a surprise to some but the head US trader of the same bank that spawns mARKKo Kolanovic's weekly bullishness, is also one of the most bearish market commentators. Below is the trading desk commentary for JPM's Elan Luger, head of US trading.
UK Promises New Laws to Promote, Seize Crypto... The U.K. will introduce legislation this year to regulate the crypto industry and ensure the profits of ransomware can be seized by the authorities.
Argentina will participate in the next BRICS summit at the invitation of China... The will to join the group of five countries received a gesture of support in the first days of April, after Jair Bolsonaro’s Economy Minister, Paulo Guedes, declared to the O’Estado agency that he will promote Argentina as a candidate for join the New Development Bank (NDB), the financial institution created by the BRICS in 2014, based in Shanghai.
Stocks Rise, Treasury Yields Rise as Investors Assess Inflation Data...
Consumer Price Index Summary... 8% inflation for some things, 80% for others
Is this the reason why digital currency is tanking?... When is the US govt crypto going to be released?
Kinesis builds gold-based blockchain system in Indonesia... A new gold-linked product being distributed through Indonesia’s postal service raises interesting ideas about financial inclusion, parallel monetary systems, blockchain and Islamic finance.
Japan's first XRP payment to Africa... Allright! I found out why we're dropping! SBI has announced the first XRP payment channel for cross-border payments with Africa.
Crypto Crackdown As Gibraltar Brings In New Regulations To Control The Industry... Gibraltar has announced new regulations on cryptocurrency to prevent market manipulation.
Bitcoin Crashes To 10-Month Lows, Correlation With Tech Hits Record High... Another day, another ugly plunge in cryptos with Bitcoin breaking bad, back below $32,000 for the first time since July 2021...
Blow the system up! The Crash Is As Close As I Have Seen It... Putin Tells Experts to Work on Trade Payments With Allies and 'Unfriendly' States Boris faces Brexit meltdown in Northern Ireland Prince Charles to stand in for Queen at UK parliament opening: palace Pope postpones trip to Lebanon for 'health reasons' days after he was seen in a wheelchair for the first time
‘Extreme Fear’ Crypto Crash Suddenly Wipes $200 Billion From The Price Of Bitcoin, Ethereum, BNB, XRP, Luna, Solana, Cardano And Avalanche... Bitcoin, ethereum and other major cryptocurrencies have fallen sharply, wiping around $200 billion from the crypto market in just a matter of days (though some fear the bitcoin price could fall far further).
Did The Biggest Recent Buyer Of Bitcoin Just Become A Forced-Seller?... As the Terra stablecoin becomes depegged from the U.S. dollar, the biggest buyer of bitcoin in recent months could become its biggest forced seller.
Dow gives up 500-point gain, falls for a 4th day as selling returns... U.S. stocks dipped Tuesday as the major averages struggled to recover from three days of heavy selling that brought the S&P 500 to its lowest level in more than a year.
Nearly $400 million in crypto liquidations the past 24 hours....
Gold price is manipulated by the Fed, suspects mining tycoon Frank Giustra, but suppression can't last forever... The gold price has been “manipulated” by central bank authorities, in particular, the Federal Reserve for decades in a broader scheme to maintain U.S. dollar supremacy in the global monetary system, said mining and movie mogul Frank Giustra.
Financial Adviser to the Prime Minister: Financial abundance is a historic opportunity for Iraq... The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed on Monday, May 9, 2022, that the financial policy in Iraq is between a “hammer and an anvil,” noting that the financial ab
No money in Saint Lucia... Breaking news in Saint Lucia.
Chinese, Russian cenbanks to discuss use of national payment systems... The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing's envoy to Moscow told the TASS news agency in an interview published on Thursday.
Historic Rout Isn’t Over Yet, Bank of America Strategists Say... The global market selloff that saw the S&P 500 Index post its worst first four months of a year since 1939 has further to run, according to Bank of America Corp.
The Fed's New "Tightening" Plan Is Too Little, Too Late... Since 2008, a key component of Fed policy has been to buy up mortgage-based securities and government debt so as to both prop up asset prices and increase the money supply. Over this time, the Fed has bought nearly $9 trillion in assets, thus augmenting demand and increasing prices for both government bonds and housing assets.
Analysis: Buckle up, say traders as Wall Street's wild ride shows no sign of end... A massive two-day swing in U.S. stocks highlights a trend that some market participants believe will be a hallmark for months to come: intense volatility.
See more Financial Updates - May 7th Edition