According to the CFTC, Binance and its founder Changpeng Zhao broke compliance regulations in order to gain users in the United States.

The Commodity Futures Trading Commission (CFTC) filed a complaint against Binance, its co-founder Changpeng Zhao, and its former chief compliance officer Samuel Lim in federal court in Illinois on Monday, alleging that Binance actively solicited U.S. users and subverted the exchange's own &qu...

SHANGHAI FUTURES EXCHANGE STEEL REBAR AND HOT ROLLED COIL FUTURES ROSE

Highlights –

• Shanghai Futures Exchange steel rebar and hot rolled coil futures rose.
• Shanghai Futures Exchange’s most traded construction rebar closed up 1.0% at 5,003 yuan.
• Hot rolled coil futures, jumped 1.5% to 5,467 yuan per...

CFTC ALLEGES COINBASE ENGAGED IN SELF TRADING; THE EXCHANGE SETTLES ALLEGATIONS FOR $ 6.5M

Highlights:

• Coinbase allegedly indulged in self-trading to inflate its sales numbers on its app between 2015 -2018

• The exchange intends to go public

The US Commodity Futures Trading Committee has alleged that Coinbase had in...

BINANCE INVESTIGATED BY CFTC

Highlights:

•       The Commodity Futures Trading Commission (CFTC) monitors derivatives trading on crypto exchanges

•       There are no accusations against Binance 

Binance crypto exchange i...

Iron ore futures in China increased 2.9% amidst tension in the Middle East

On Wednesday, Iron ore futures in China increased rising as much as 2.9% in market session, on expectations of strong restocking demand from mills ahead of local holidays.

The most active May contract for iron ore futures on the Dalian Commodity Exchange increased 2.7% to 684 yuan ...

Gold commodity may remain bullish in 2020

Gold prices increased to 19% in a year marked by global economic apprehensions and trade frictions. Gold also got a boost as central banks globally got loose monetary policy to boost growth.

On Tuesday, gold purchased from key central banks and exchange-traded funds have helped sup...

The global Chemical industry towards 2020.

What is next for the industry? 

The chemical industry is one of the modern-day outcomes of the industrial revolution. The chemical that was produced in bulk for commercial use was sulfuric acid. This was way back in 1736 when a pharmacist n...

The report this week that a phase-one trade agreement is a boost for commodities

With gains in all industries, the Bloomberg Commodity Index was 2.2 percent above weekly. After both countries have signed the agreement, the Chinese have agreed to buy more US agricultural goods, while some existing customs tariffs would be reduced. Besides metals, coffee softs have increased th...

Commodity markets show the potential to grow

The commodity markets just as the stock markets have been pretty unstable this year, and the United States and China trade war has just made the situation worse for the markets. The global unrest in nations like Chile, Lebanon, Venezuela, Syria, and many other nations has hit the supply and deman...

Scrap commodity trading to change

The commodity markets have been changing all over the globe, but this time we are not going to talk about the general trading of commodities, but we are going to talk about the scrap commodities that have been changing the markets very slowly in the very background and going pretty unnoticed. The...

Onion changes the commodity markets

The commodity market of India has been no exception to the decline of the overall commodity market of the world and the nation is now bracing for even more severe growth decline as the issues of the nation like slowing economy, extreme rainfall, failing finances and some more major issues start t...

Metals trade low now

The commodity markets have been pretty uncertain just as the stock markets have been and this is not good for the world as most of the commodities are essential to every country, and a fall in even one commodity future could turn out to be pretty bad and horrific if not dealt with accordingly and...

Is commodity trading good in India?

The commodity markets have been changing, and they have become of the major sources of earning through the future trading business that has been on a good rise in the recent times as the markets have turned more and more unpredictable but to trade commodities we must have the required knowledge a...

Iran ahead of the world in commodity trading

The commodity markets all over the world have been suffering, and this trend seems like it has been going on all over the world as there are very few markets that are doing good in these times of global slowdown. The major fall in the commodity markets comes from the major hit that the trading se...

US commodity market seems good after rate cuts

The commodity markets of the world have been taking the hits of the global economic slowdown and the bilateral trade spat of the United States and China that has been dragged for over 15 months now and has impacted the trade drastically in commodity as well as stock markets.

The United ...

Commodities fare well in Iran

The commodity trade has been hugely affected by the United States and China trade war and has cost billions In deficit to the sector. But this trend will be changing soon as the talks on ending the trade war are on high optimism flame, and we can see this as the sale of commodities comes back on ...

Commodity market to grow?

The Commodity market has been seeing huge losses in the trading of futures that have governed the sector's good growth, but the decline in the trend has caused a huge mess in the commodity market of the world. The protests around the world have been rising, and the number of commodities that ...

What to expect of the commodity futures?

The commodity market has been pretty volatile, which is a rare thing to see as the commodities are mostly stable no matter what, but this year the futures have hit new lows and new highs as the international markets are a mess and they are not getting better anytime soon.

The major comm...

The shutdown of a commodity hedge fund

The commodity market has not been good this year and it has been reflected and recorded over and over again and again as the nations are changing the situations of the supply and demand graphic that has led to a circus in the commodity market and has been killing the gains that have been posted o...

Gold to stay stable?

The commodities markets have been very volatile this year and have shown no signs of a slowdown in the losses it has incurred to the economies, and makers involved in the commodity trading. The commodity prices are rising as there is a rise in shortages of major commodities.

Gold is a v...