Oil slightly pares gains after Monday’s surge A 7% surge in oil prices on Monday was always going to be difficult to sustain and today’s modest declines are a reflection of that. Whether fueled by the prospect of an EU ban on Russian imports, Chinese lockdowns being less economically restrictive, or the dimming prospects for […]

Oil Crude prices are consolidating as energy traders process the IEA’s 10-point plan to reduce oil consumption and await to see if any progress in peace talks between Ukraine and Russia can be made. Oil will remain a volatile trade in both directions, but the geopolitical risks don’t seem like they will be going away […]

In what seems to be a direct policy reversal, the Central Bank of Russia has issued a digital asset license to the largest Russian bank. The Russian reversal might be too little, too late Since Russia launched its attack on Ukraine on February 24, both regulators and crypto industry experts speculated to what degree Russia […]

The post Russia Grants Crypto License To Sberbank appeared first on CryptoCoin.News.

As the Russia-Ukraine conflict continues, blockchain surveillance companies have discussed and implemented ways to combat sanctioned countries from using digital assets. Last week, Chainalysis revealed screening tools for crypto firms that aim to comply with international sanctions. On Monday, the CEO of Elliptic published a blog post describing the company’s work to combat sanction evasion. […]

March Market OutlookBitcoin has now been in existence for over 13 years. Last year it crossed the $1 trillion threshold in market value.But crypto is...

Covid, Ukraine weigh on oil The unwind of the oil trade is an easy one as a few reasons sent prices lower: China’s Covid surge has worsened as more lockdowns occur, expectations of a long Russia-Ukraine war has decreased as Eastern European leaders show unequivocal support for Ukraine’s independence, countries like India have bought Russian […]

GBP/USD has rebounded on Tuesday after sharp employment numbers. The pound came within a whisker of the symbolic 1.30 line on Monday, dropping to a low of 1.3001. UK employment data outperforms The markets were forecasting good news from the UK employment report, and the data exceeded markets expectations. The number of unemployed persons fell […]

US stocks declined after both high-level talks did not produce a stop in fighting and as investors worry that war in Ukraine could lead to higher inflation for much longer.  Today’s inflation report showed widespread pricing pressures before the full impact of the global shock from the Russian invasion of Ukraine.  Energy costs, soft commodities, […]

The Prime Minister of Estonia has said cryptocurrencies must be restricted in order to address loopholes that may be used by sanctioned Russian entities to evade the punitive measures. In addition, the premier wants all Russian as well as Belarusian banks to be removed from the global payment network. Sanction Evasion Concerns The Estonian prime […]

Since Russia invaded Ukraine two weeks ago, the war has taken over worldwide news headlines. From the atrocities of war to human rights catastrophes, heroic acts by Ukranians and the impact of the war on the global markets, it’s hard to keep up with all of the news. Here are some investing-related developments you may […]

The post News Fix: Ukraine Turns to Crypto, NFTs Cool Off and Public Pensions Divest From Russia appeared first on Early Investing.

The British pound is in positive territory, as the US dollar has retreated against the major currencies for the first time in five days. GBP/USD is trading at 1.3169 in the North American session, up 0.52% on the day. The US dollar has had its way with the pound in recent sessions, but GBP/USD has […]

On Tuesday, the price of gold soared to new heights as an ounce of the precious metal surpassed $2K per ounce during the early morning trading sessions (EST). Hours later, gold tapped a high of $2,064.27 per ounce as the Russia-Ukraine war and global commodities surge has fueled demand. Gold’s Value Surges Higher Amid Commodities […]