Copper – DIGIT INFO

Barclays-backed Copper withdraws UK crypto license application

DIGIT — Fri, 20 Dec 2024 09:57:12 +0000

The UK FCA previously said that almost 90% of annual crypto license applications had failed as of September.

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Blackrock Bitcoin ETF sees $1B volume in first minutes of post-election trading

DIGIT — Wed, 06 Nov 2024 17:54:59 +0000

Some analysts expect Bitcoin’s price to surge following Donald Trump’s Nov. 5 election win.

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Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty

DIGIT — Wed, 25 Sep 2024 19:46:22 +0000

In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund […]

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Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal

DIGIT — Tue, 07 Mar 2023 22:30:56 +0000

Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping gold involves adding impure ore like silver to the mix to cut costs and lower the quality of gold. Reportedly, […]

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Tesla CEO Elon Musk Warns a Major Fed Rate Hike Risks Deflation

DIGIT — Mon, 12 Sep 2022 01:30:47 +0000

Tesla CEO Elon Musk has warned that a major rate hike by the Federal Reserve risks deflation in the U.S. economy. Musk’s warning followed an analysis by Ark Invest CEO Cathie Wood, who cautioned that “Leading inflation indicators like gold and copper are flagging the risk of deflation.” Elon Musk, Fed Rate Hikes, and Deflation […]

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Price of Gold Spikes Over $2,060 per Ounce While Risk Assets Continue to Capitulate

DIGIT — Tue, 08 Mar 2022 17:30:28 +0000

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 […]

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US Treasury Yield Curve Highlights Recession Signals, Analyst Thinks Fallout Will Be ’10x Worse Than the Great Depression’

DIGIT — Sun, 06 Mar 2022 18:30:54 +0000

Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodity prices surging, Reuters reports that investors are “recalibrating their portfolios for an expected period of high inflation and weaker growth.” While Wall Street Fears […]

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Global Commodities Skyrocket, Ounce of Gold Nears $2K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’

DIGIT — Sun, 06 Mar 2022 06:30:07 +0000

While the cryptocurrency prices dropped toward the end of the week, precious metals, energy stocks, and global commodities skyrocketed in value amid the ongoing war in Ukraine. The price of one ounce fine gold is nearing the $2K mark, benchmark coal prices have been surging, aluminum values broke records and nickel tapped an 11-year high. […]

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Former UK Chancellor Lord Hammond Warns About Crypto Investing — Says ‘It’s Gambling Money’

DIGIT — Mon, 27 Dec 2021 02:30:55 +0000

Former U.K. chancellor of the exchequer Lord Hammond has reportedly warned about investing in cryptocurrencies. He said, “It’s gambling money,” noting that “people should be extremely cautious” and “Many regard them as closer to gaming than serious investing.” Nonetheless, he is currently serving as a senior advisor to a crypto firm. Former British Chancellor of […]

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‘The Unfair Advantage:’ Dune Actress Rebecca Ferguson Stars in Crypto-Centric TV Commercial

DIGIT — Wed, 10 Nov 2021 07:00:03 +0000

In recent times cryptocurrency platforms have been airing a number of commercials on television in order to entice a broader audience to get into cryptocurrencies. The digital currency community has witnessed crypto commercials starring the seven-time Super Bowl winner Tom Brady and his supermodel wife Gisele Bündchen, award-winning director Spike Lee, and the actor Matt […]

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