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On December 30th, amid a general sell-off in precious metals, the worlds largest silver ETF, iShares Silver Trust (SLV), fell nearly 9% intraday, heading towards its biggest single-day drop since 2020. Todays decline has pulled prices back to near pre-Christmas holiday levels. Despite todays sharp drop, SLV is still up over 140% year-to-date. According to fund documents, to meet the surge in demand this year, SLV had added nearly 67 million ounces of silver as of last Friday. However, analysts point out that while this figure seems large, it represents only a small fraction of total global silver demand this year. They emphasize that strong demand from solar panel manufacturers and increased imports from India (where precious metals are far more popular among savers than in the US) are the main drivers of overall demand growth.Fitch: Despite headwinds, U.S. property and casualty insurance underwriting profitability remains strong.The German DAX 30 index closed up 22.37 points, or 0.09%, at 24,362.43 on Monday, December 29; the UK FTSE 100 index closed down 5.16 points, or 0.05%, at 9,865.52 on Monday, December 29; the French CAC 40 index closed up 8.44 points, or 0.10%, at 8,112.02 on Monday, December 29; the European S&P 500 index closed up 22.37 points, or 0.09%, at 24,362.43; the European S&P 500 index closed up 8.44 points, or 0.10%, at 8,112.02 on Monday, December 29; the European S&P 500 index closed up 22.37 points, or 0.09%, at 24,362.43; the UK FTSE 100 index closed down 5.16 points, or 0.05%, at 9,865.52; the European S&P 500 index closed up 8.44 points, or 0.10%, at 8,112.02; the European S&P 500 index closed up 22.37 points, or 0.09%, at 24,362.43; the European S&P 500 index closed up 22.37 points, or 0.09%, at 24,362.43; the UK FTSE 100 index closed down 5.16 points, or 0.05%, at 9,865.52; the European S&P 500 index closed up 8.44 points, or 0.10%, at 8,112.02; the European S&P 500 index closed up 8.44 points, or 0.10%, at 8,112 The Trafigura 50 index closed up 6.91 points, or 0.12%, at 5753.15 on Monday, December 29; the Spanish IBEX 35 index closed up 16.38 points, or 0.10%, at 17189.28 on Monday, December 29; and the Italian FTSE MIB index closed down 164.08 points, or 0.37%, at 44442.50 on Monday, December 29.The US auction of 6-month Treasury bonds ending December 29th yielded a winning bid of 3.5%, compared to 3.49% previously.The US 3-month Treasury auction ending December 29th yielded a winning bid of 3.57%, compared to 3.56% previously.

Indonesian Crypto Exchange Ensures Compliance With Biometric Security-Based Wallet

Cory Russell

May 11, 2022 10:37

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According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


Bitcoin, which accounts for roughly 40% of the cryptocurrency market, fell to a 10-month low on Tuesday before rebounding to $31,450, only six days after hitting $40,000. It was down more than 54% from its all-time high of $69,000 on November 10th.


Prices of digital assets have fallen, reflecting a drop in stocks on worries of aggressive interest rate rises throughout the world to combat decades-high inflation. The Nasdaq, which is heavily weighted in technology, was down 28% from its all-time high in November 2021.


According to CoinMarketCap, the total crypto market worth was $2.2 trillion on April 2, down from an all-time high of $2.9 trillion in early November.


"Bitcoin remains closely tied to larger economic circumstances, implying that the road ahead may regrettably be bumpy, at least for the time being," stated blockchain data firm Glassnode in a note.


Investors were also alarmed by signs of weakness in stablecoins, which are normally a safer crypto currency. TerraUSD, the fourth-largest stablecoin in the world, lost a third of its value on Tuesday after losing its dollar peg.


According to a study issued on Monday by digital asset management Coinshares, despite bitcoin's price drop, funds and products related to it saw inflows of $45 million last week as investors took advantage of market weakness.


"An enormous amount of liquidity has inflated some of these cryptocurrencies," said Nordea Asset Management's senior macro analyst, Sebastien Galy. As various central banks tighten their monetary policies, he expects crypto, which is also tied to high-growth equities, will face pressure.

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