2021 has been the best year for Dogecoin ever since it was created in the year 2013. Dogecoin happens to be one of the most known cryptos following the free marketing by Elon Musk and other authority figures in the investment industry. The Gamestop craze also contributed to the popularization of Dogecoin, whose market capitalization rose to over $6 billion within a matter of months and now has a market cap of over $50 billion.
If you’re thinking about getting a piece of the action, you need to understand the risks, benefits, and what it takes to do so. So every beginner who plans to buy Dogecoin should go through this guide learn how to buy Dogecoin for the first time. Professional traders are welcome, too; let’s learn something new together.
By Andres Guerra Luz and Isis Almeida (Bloomberg)
Net bullish wagers on rising commodity prices fell to the lowest since December last week, raising questions about the commodity supercycle.
Money managers are trimming what had been the largest wager for rising commodity prices in at least a decade as stumbling economic reopening efforts force a reconsideration of the popular recovery trade. A recent bond rout raised worries over inflation and surging bulk shipping rates are seen capping any further upswing.
There’s a sense that “we have yet to get rid of the coronavirus, with rising cases and extended lockdowns delaying the expected growth sprint,” said Ole Hansen, head of commodities research at Saxo Bank. “The surge in Treasury yields, a stronger dollar and worries that China may tighten liquidity in order to curb inflation are also contributing factors.”
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We all have been following the rapid growth of cryptocurrency and the creation of lucrative trading platforms. Cryptocurrency has earned the scrutiny of regulators and criminal prosecutors – not for run-of-the-mill fraud schemes, but for compliance with applicable anti-money laundering laws and regulations.
Late in 2020, the Justice Department and the Commodities Futures Trade Commission (“CFTC”) slammed BitMEx and its principals with a coordinated criminal and civil prosecution. As the cryptocurrency markets continue to expand and new trading platforms started, DOJ, the CFTC and the SEC can be expected to exercise increasing oversight and enforcement.