The clouds of war

By: Miguel A. Rodriguez

11:18, 15 February 2022

Crypto firm BlockFi to pay record penalty to settle U.S. SEC, state charges
  • Asian markets fell and oil prices rallied after the United States warned Russia could attack Ukraine within days as diplomatic efforts to prevent a war appeared to fail, while fears over inflation kept traders on edge
  • A subsidiary of crypto company #BlockFi Inc has agreed to pay $100 million to the U.S. Securities and Exchange Commission and 32 states to settle charges in connection with a retail #crypto lending product
  • Iraq’s #oil production capacity has grown from 3 million to around 5 million bpd in recent years, but the departure of oil majors such as #Exxon Mobil and #Shell from a number of projects means future growth is uncertain
  • #XAUUSD rose 0.6% in the last session
  • The last session saw EUR fall 0.6% against USD
  • #GBPUSD dropped 0.3%
  • #AUDUSD fell 0.4%

Share this article

This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.