Tag Archives: Oil

CoinspeakerCoinbase Derivatives to Launch Oil and Gold Futures Contracts Coinbase has not limited its expansion to products and services alone as it equally pursues diversification outside the United States where it has faced several legal challenges. Coinbase Derivatives to Launch Oil and Gold Futures Contracts

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Thursday targeting two tanker owners involved in shipping Russian oil that exceeded the established price cap.  In a recent development, oil prices saw a remarkable surge, rising by 4% earlier today, following the United States’ decision to intensify sanctions against Russian crude exports. According to reports, International benchmark Brent crude futures, set to expire in December, traded...

Prices of oil in the US hit a 10-month high as oil shortages are expected until the end of the year following Russia and Saudi output cuts. In response to fears of weaker supply, the prices of oil rose on Thursday. The West Texas Intermediate (WTI) crude climbed 1.6% to $90.04 per barrel, its highest point since November last year. Brent crude also sold at a 10-month record of $93.23 after rising 1.5%. The impact of the increase in crude prices may be stiff on the economy as gasoline...

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The economy in Russia isn’t doing too well. Not long ago, the ruble – the national currency of Russia – experienced a massive drop that saw many people turning to crypto as a means of keeping their wealth stable and steady during this ongoing time of economic strife. In addition, it was suggested that crypto was likely going to be a tool in Russia for avoiding U.S. sanctions. Russia Seeks to Trade Oil for Crypto Thus, it looks like digital assets have become prime...

Bitcoin has shot up along with several of its altcoin cousins. After spending the last month or so locked in the doldrums, the world’s number one digital asset by market cap has suddenly surged to a moderate position. Bitcoin Seems to Be on the Rebound At the time of writing, bitcoin is trading for over $45,000 per unit. This may not sound like much when compared with the highs the currency has hit in the past year or so. However, it’s good news for traders in that...

Year-to-date (YTD) bezeichnet im Bereich der Finanzwirtschaft den Zeitraum seit Beginn des Jahres bis zum aktuellen Zeitpunkt. Und Bitcoin ist das Beste Investment im Jahr 2020 zum aktuellen Datum. Dan Morehead ist der Gründer und CEO der Investitionsgesellschaft Pantera Capital. In einem Schreiben an seine Kunden und Investoren prognostiziert Dan Morehead einen Bitcoin-Preis...

Everybody keeps making such a big deal about how volatile bitcoin has been this year, but the fact is that it’s held up quite well in comparison to many other assets and commodities… including oil.Bitcoin Is Stronger Than Oil Right NowAs we all remember, oil experienced a serious drop last Monday. An expiring futures contract went negative and brought oil prices down below zero for the first time in the industry’s history. This was made even more drastic in the sense that many traders appear...

The price of bitcoin – the world’s number one cryptocurrency by market cap – has fallen to just over $6,800 at the time of writing following news that the oil market in America tanked two days ago.Bitcoin Takes Another TumbleDespite spending the last several days trading above the $7,000 mark – which it had crossed for the second time in a month – the digital asset that everyone has come to know and love is once again being affected by outside market commodities and has taken a turn for the...

Bitcoin has come to a crashing, screeching halt.Bitcoin Crashes, Loses All Its 2020 GainsAt the time of writing, the world’s number one cryptocurrency by market cap has fallen into the $7,000 range and is now trading at a measly $7,600. All the gains it’s made this year have been erased from the trading board. As fears of the coronavirus turn into a global panic, bitcoin and its altcoin cousins – along with several other market tools, such as oil, bonds and stocks – are all paying the...