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WASHINGTON, May 04, 2021 (GLOBE NEWSWIRE) Todd White, Managing Partner, Rulon & White Governance Strategies et al, announces the first dedicated Government Affairs team to blockchain, cryptocurrencies, artificial intelligence, and other nuance technologies in Washington, DC, which will pave the causeway in furthering regulatory adoption within the United States Government and internationally. The dedicated lobbying team will focus on the U.S. Congress, SEC, Treasury, and White House including other regulatory agencies thus representing nuance second and third generation internet firms through the regulatory adoption thicket. Crypto and blockchain adoption is a slow and winding process which involves effecting officials to contextually understand the logarithmic effects on legislation they sponsor utilizing an accumulated skill-set of legislative policy knowledge to make crooked roads straight for high tech-intensive retained clients, said Mr. White. Mr. White will also
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FORT COLLINS, Colo. (Reuters) - Speculators were expected last week to have gone on a record buying spree in Chicago corn, but it was a commercial short squeeze that seemed to better explain the highly volatile price activity.
Corn plants are seen in a farm near Pergamino, on the outskirts of Buenos Aires during the spread of the coronavirus disease (COVID-19) in Argentina April 27, 2021. REUTERS/Agustin Marcarian
In the week ended April 27, money managers reduced their net long in CBOT corn futures and options to 378,663 contracts from 383,998 in the prior week according to data published on Friday by the U.S. Commodity Futures Trading Commission.
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The United States’ is moving towards creating its own Central Bank Digital Currency (CBDC) or “digital dollar” and will launch five pilots in the coming year. The pilots will be conducted by the Digital Dollar Project, which is backed by the Digital Dollar Foundation and consulting firm Accenture, according to a press release.
Last month, China said it was moving into the second-phase of its digital yuan project and is also looking to support cross-border payments using the digital currency. The prospect of the digital yuan becoming an important currency for global trade has prompted rival countries to also launch their own CBDCs. If China’s digital yuan is widely adopted, the influence of the United States’ and other western governments would diminish. Around 80% of the world’s central banks are engaged in research or experimentation toward developing a CBDC, according to a survey by the Bank for International Settlements.
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Highest April volume on record and fifth highest month in OCC s history
OCC, the world s largest equity derivatives clearing organization, announced today that April 2021 total cleared contract volume was 715,606,410 contracts, up 29.7 percent compared to April 2020 and the highest April volume on record. Year-to-date average daily cleared contract volume through April was 40,143,253 contracts, up 44.1 percent compared to April 2020.
Options: Total exchange-listed options cleared contract volume was 711,388,828, up 29.6 percent compared to April 2020. Equity options cleared contract volume was 674,204,936 contracts, up 30.7 percent compared to April 2020. This includes ETF options cleared contract volume of 189,417,683, a 20.6 percent decrease compared to April 2020. Index options volume was 37,183,892, up 12.4 percent compared to April 2020. OCC s year-to-date average daily cleared options volume is 39,899,937 contracts.
Hedge funds boosted their position in petroleum for the third week running, confirming increasing confidence over rising prices for the rest of the year.