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Senate OKs More Funding For CFTC Whistleblower Program
Law360 (June 1, 2021, 10:10 PM EDT) The U.S. Senate on Friday gave the green light to the creation of a temporary second account to house funds for the Commodities Futures Trading Commission s whistleblower program, a move that would allow it to continue operating at a financially precarious time for the office.
The bipartisan legislation cleared the Senate with a unanimous vote, according to a statement from the office of Sen. Chuck Grassley, R-Iowa, who backed the bill. Grassley s office said the measure is needed because the whistleblower program is in danger of collapsing under its own success.
Uncovering and explaining how our digital world is changing and changing us.
My first Covid-19 vaccine shot came with a dose of cryptocurrency advice. The guy administering my jab in the back room of a small clinic on Coney Island told me he was buying dogecoin, the canine-inspired meme coin whose price swings wildly in part because of Elon Musk’s tweets. He suggested I buy some, too.
We are in the age of investing by meme. Some people are tossing tons of money into a stock or a coin not because they believe there’s something significantly different about the underlying value of the asset but because it got popular on the internet, and they think it’s funny, cool, or just something to do. They buy into the hype generated on platforms like Reddit and TikTok and join in. Crypto is the epitome of all of this as well as all the disarray and confusion that entails.
Dogecoin (CRYPTO:DOGE), and many other altcoins are drawing in new investors all the time. Like any investment, there s a risk of loss when you invest in cryptocurrency. But betting on the wrong one isn t the only way it could all go wrong. Here s a look at four ways investing in cryptocurrency could cost you, and how you can reduce that risk.
1. Investing in the wrong cryptocurrency
OK, so when it comes to investing in anything, there aren t really clear-cut rights and wrongs. People have made fortunes betting on penny stocks and shiny new cryptos that don t end up going anywhere in the long run. They were just lucky enough to get in and out at the right times. But most people aren t that fortunate.
Monday, 5/24/2021 14:45
GOLD PRICES held firm near 4.5-month highs Monday lunchtime in London, trading around $1880 per ounce after investors made net inflows to gold-backed ETF trust funds, speculators grew their bullish bets further on Comex derivatives, and crypto-currency Bitcoin hit more extreme volatility over the weekend,
writes Atsuko Whitehouse at BullionVault. The spot gold price rose another 0.5% in early trade to reach $1882 per ounce – its highest since early January – after rising 3 weeks in a row. After this recent run, gold is ready for a correction, says the latest daily gold-price and precious metals note from Rhona O Connell at brokerage Stone X Group Inc.
Despite dropping to month’s low, copper seen ruling firm this year
May 24, 2021
Prices drop as China finds current spike ‘unreasonable’, speculators cut long positions
Copper prices rose to a record $10,724.5 a tonne on May 10 before dropping 6.5 per cent to $10,027.50 during the weekend but this declining trend may not last for long.
Analysts see copper ruling firm or heading up a little more during the later part of this year, particularly once the Covid-19 pandemic subsides in Europe.
On Monday, copper prices were near a month’s low after China said it will manage its commodity supply and demand to control any unreasonable increase in prices.