Tagged: commodities

December 3, 2023 @ 3:00 pm By Michael Wong  |  

U.S. Republican presidential candidate Vivek Ramaswamy has voiced strong opposition to Central Bank Digital Currencies (CBDCs), emphasizing the risks they pose to individual freedoms and privacy. In a recent social media post, Ramaswamy firmly rejected the idea of CBDCs, suggesting they pave the way for… Read More

November 1, 2023 @ 11:31 am By Omar Faridi  |  

Investment platform Lightyear announces its expansion into exchange traded commodities (ETCs) with the launch of gold. Adding ETCs to its existing suite of 3,500+ stocks, ETFs and MMFs, is another way for Lightyear’s retail and business customers “across Europe to diversify portfolios.” iShares Physical Gold… Read More

July 14, 2023 @ 5:58 am By Omar Faridi  |  

ION, which claims to be a global leader focused on trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that Raiffeisen Bank International (RBI) has “implemented ION’s new ISO 20022 solution.” A corporate and investment bank in Austria and… Read More

April 3, 2023 @ 2:50 pm By Omar Faridi  |  

Surging oil prices are likely to mean higher interest rates “for longer as the price rally adds to inflationary pressures,” warns the CEO of an independent financial advisory, asset management and fintech organization. The warning from deVere Group’s Nigel Green comes as the price of… Read More

March 15, 2023 @ 12:36 pm By JD Alois  |  

Bitfinex Derivatives has announced a range of perpetual contracts for some global commodity indices. Bitfinex noted that the contracts are only available for certain accounts in certain jurisdictions. The platform said the commodity contracts will allow Bitfinex Derivatives customers to trade products usually available on… Read More

February 10, 2023 @ 8:34 am By Omar Faridi  |  

Rosbank demonstrated the first digital gold exchange deal in Russia using digital rubles. According to the bank it involved “the exchange of tokenized gold between two parties using innovative distributed ledger technology (blockchain) to ensure the security and continuity of the process.” The project was… Read More

May 28, 2022 @ 1:52 pm By Omar Faridi  |  

Stable, the ‘home of hedging’ for the $5 trillion agricultural commodity industry, recently revealed that it has finalized a $60 million Series B. The investment round has reportedly been led by Acrew along with key investors Greycroft, Notion Capital, Syngenta and Continental Grain Company also… Read More

April 14, 2022 @ 10:34 am By Omar Faridi  |  

Recently, we connected with Abhishek Singh, the Co-founder and CEO of Comdex, a decentralized synthetics protocol working towards making global financing more accessible to the multitude. Developed on the Cosmos blockchain, the Comdex protocol is building solutions to democratize finance. They use synthetic assets to… Read More

October 2, 2021 @ 8:43 am By Omar Faridi  |  

The team at UK-based Blend Network, a peer-to-peer lending platform, notes that the prospects of the United Kingdom’s macroeconomic environment are “becoming gradually more positive.” Blend Network writes in a blog post that the improvement is “reflected, among other factors, in job openings at a… Read More

August 30, 2021 @ 10:53 pm By Omar Faridi  |  

Trading Technologies International, Inc. (TT), an international provider of high-performance professional trading software, infrastructure and data solutions, and Mysteel Singapore Pte ltd (known as Mysteel Commodity Services), an established commodities broker with a “major focus” on China, confirmed that they’ve partnered to introduce an electronic… Read More

July 30, 2021 @ 11:01 pm By Omar Faridi  |  

The team at UK-based P2P lender Blend Network notes that the Covid-19 pandemic may be subsiding, however, the “new normal” may not look the same as 2019. As noted by Blend Network, market participants are increasingly concerned about inflation, especially during recent months. The P2P… Read More

June 30, 2021 @ 7:34 am By Omar Faridi  |  

The team at UK-based Blend Network, a peer-to-peer lending platform, notes that recent market developments in the United Kingdom have seen investors preparing for expected growth and may also want to watch out for inflation. As mentioned by Blend Network, headlines and concerns regarding inflation… Read More

March 14, 2021 @ 10:49 am By Omar Faridi  |  

Chainlink notes in a blog post that “secure, up-to-date” price data is the “centerpiece” of many financial applications. This data is regularly used to initiate transactions and “derive” various other instruments and products, particularly in decentralized finance (DeFi) protocols, Chainlink explained. The decentralized Oracle network… Read More

October 12, 2020 @ 2:13 pm By Omar Faridi  |  

Binance alum Fetch.ai, an established blockchain-focused AI firm launched by former DeepMind investors and developers, had introduced Mettalex, a “decentralized” crypto and commodities derivatives trading platform (back in August 2020). Mettalex had stated in August that it would be working with a consortium of steel… Read More

August 31, 2020 @ 11:07 pm By Omar Faridi  |  

Binance alum Fetch.ai, an established blockchain-focused AI firm launched by former DeepMind investors and developers, has introduced Mettalex, a “decentralized” crypto, and commodities derivatives trading platform. As mentioned in an update shared with Crowdfund Insider: “Working alongside a consortium of steel mills, shipping companies, trading… Read More

July 26, 2020 @ 1:01 pm By Omar Faridi  |  

Tether Gold (XAU₮), a crypto-asset offering ownership of physical gold (XAU) that’s reportedly custodied in Switzerland, has experienced a significant increase in its demand as the price of gold surged past $1,900 a troy ounce – which may have been due to the economic uncertainty… Read More

May 4, 2020 @ 8:00 am By JD Alois  |  

Digital asset OTC broker, Digital RFQ (DRFQ) has selected Koine to act as custodian for its first commodity financing token, PGX. PGX, or PhiGold token, was launched in partnership with Atom Asset Exchange (AAX). The digital asset is a commodity financing token based on gold… Read More

April 19, 2018 @ 2:18 pm By JD Alois  |  

Open Mineral has received seed funding $2.25 million. Notable come from Goldcorp (TSX:G), Canadian gold mining company, and Igor Kim of Xploration Capital.  Open Mineral was the first startup to join Thomson Reuters Incubator, which hosts early-stage entrepreneurs building next-generation products in big data, advanced analytics, distributed… Read More