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Bitcoin dips below $27k, stocks trade mixed as U.S. government shutdown looms
Sep 29, 2023 04:37PM(Kitco News) - Asset prices fell under pressure on Friday as concerns about the likely U.S. government shutdown capped a negative month of September for financial markets.
Gold prices end the week, month, and quarter lower; the selloff isn't done
Sep 29, 2023 03:40PM(Kitco News) - The rally in the U.S. dollar and higher U.S. bond yields have proven too much for the gold market as prices look to end the week at a 6.5 month low, and there could be more weakness to come as the U.S. central bank maintains its restrictive monetary policy for the foreseeable future.
Valkyrie looks to launch an Ether futures ETF as soon as Tuesday
Sep 29, 2023 02:04PM(Kitco News) - An Ether futures contract could be listed as soon as Tuesday as multiple firms are vying to be the first to launch such as product after the SEC signaled openness to the idea.
Three Arrows Capital co-founder Su Zhu arrested in Singapore, faces 4 months in jail
Sep 29, 2023 12:25PM(Kitco News) - Su Zhu, co-founder of the bankrupt crypto hedge fund Three Arrows Capital, has been arrested in Singapore on charges of contempt of court, faces 4 months in jail.
SEC delays multiple spot Bitcoin ETF decisions
Sep 29, 2023 12:16PM(Kitco News) - The SEC has filed to delay the decision on multiple spot Bitcoin ETFs, likely pushing them to 2024, but several Ether futures ETFs could launch as soon as Monday.
Chinese gold prices fall to 2020 levels, eliminating record spot premium
Sep 29, 2023 12:09PM(Kitco News) - Gold prices in China fell to three-year lows on Friday following the government's decision to allow more imports of the precious metal, according to reports.
Commodity supercycle just getting started, could last another 8-15 years - Bull and Bust Report's DeHaemer
Sep 28, 2023 04:55PM(Kitco News) - Gold, uranium, oil, and other commodities are dramatically increasing in value even as the U.S. dollar strengthens, signifying the potential start of a new commodities supercycle, according to Christian DeHaemer, founder of the Bull and Bust Report and editor at Energy and Capital.
Gold's selloff doesn't change the long-term bullish outlook - Saxo Bank
Sep 28, 2023 03:21PM(Kitco News) - The gold market has room to fall further and even test support at $1,800 an ounce after falling below $1,900 for the first time since March; however, any short-term weakness does not change the long-term fundamental bullish outlook for the precious metal, according to one market analyst.
PayPal looks to enable off-chain NFT transactions within its network
Sep 28, 2023 01:57PM(Kitco News) - PayPal has filed a patent for a system that enables the offline transfer and trading of non-fungible tokens within its network.
BIS completes CBDC cross-border trading and settlement test with three central banks
Sep 28, 2023 01:03PM(Kitco News) - BIS and the central banks of France, Singapore, and Switzerland have released the results of their trial project exploring the use of wCBDCs for cross-border trading and settlement.
Coinbase expands international offerings with perpetual futures trading for non-US retail customers
Sep 28, 2023 11:12AM(Kitco News) - Coinbase International Exchange has received regulatory approval from the Bermuda Monetary Authority to offer perpetual futures trading to non-US retail customers.
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