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1. All three major U.S. stock indexes closed higher. The Dow Jones Industrial Average rose 1.24% to 49,910.59 points, the S&P 500 rose 1.46% to 7,365.12 points, and the Nasdaq Composite rose 2.02% to 25,838.94 points. The S&P 500 and Nasdaq continued to hit new highs. Disney rose over 7%, and Nvidia rose over 5%, leading the Dow Jones. The Wind U.S. Tech Big Seven Index rose 2.39%, with Google and Tesla rising over 2%. The Nasdaq China Golden Dragon Index rose 3.45%, with Baidu Group rising over 11% and Kingsoft Cloud rising over 8%. 2. All three major European stock indexes closed higher. The German DAX rose 2.12% to 24,918.69 points, the French CAC40 rose 2.94% to 8,299.42 points, and the UK FTSE 100 rose 2.15% to 10,438.66 points. 3. US Treasury yields fell across the board. The 2-year Treasury yield fell 7.02 basis points to 3.863%, the 3-year Treasury yield fell 7.66 basis points to 3.889%, the 5-year Treasury yield fell 8.06 basis points to 3.995%, the 10-year Treasury yield fell 7.62 basis points to 4.346%, and the 30-year Treasury yield fell 5.07 basis points to 4.935%. 4. Most London base metals rose, with LME tin up 9.27% to $54,330.0/ton, LME copper up 1.96% to $13,391.5/ton, LME zinc up 1.16% to $3,409.5/ton, LME lead up 0.03% to $1,973.0/ton, LME aluminum down 1.45% to $3,537.5/ton, and LME nickel down 2.25% to $19,200.0/ton. 5. The WTI crude oil futures contract closed down 5.93% at $96.21/barrel; the Brent crude oil futures contract fell 7.2% to $101.96/barrel. 6. International precious metals futures generally closed higher, with COMEX gold futures up 2.95% to $4,703.10/ounce and COMEX silver futures up 5.77% to $77.83/ounce.Market news: South Koreas Minister of Industry stated that investment plans related to the United States will be announced after June.OpenAI: Uber (UBER.N) uses OpenAI to power its AI assistant and voice capabilities.On May 7, Iranian Parliament Speaker Mohammad Qassem Ghalibaf stated in a televised address to the nation on May 6 that the "enemy" is attempting to exert economic pressure through a naval blockade and manipulate public opinion, aiming to undermine national unity and force Iran to surrender. He urged all levels of Iranian officials and the public to work together to counter this. Ghalibaf added that Iran does not underestimate the possibility of military attacks, especially terrorist attacks, but that the "enemy" plans to weaken Iran from within.May 7 - According to a source familiar with the matter, the Trump administration is exploring the use of oil resources beneath U.S. military bases and other Department of Defense facilities to replenish the nations dwindling emergency reserves. The source stated that no decision has yet been made regarding this potential move. This action comes as the U.S. government pledges to explore innovative ways to replenish the strategic petroleum reserve, which has been further depleted during the war with Iran.

Crypto.com, Trade Republic register for crypto services in Italy

Jimmy Khan

Jul 20, 2022 14:44

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Singapore-based Following in the footsteps of competitors like Binance and Coinbase, Crypto.com and German investment platform Trade Republic announced on Tuesday that they have registered as cryptocurrency operators in Italy.


In an effort to safeguard investors, Italy's economy ministry joined forces with brokerage regulator Organismo degli Agenti e dei Mediatori (OAM) in February to establish a special registry that would list all cryptocurrency operators with a stable presence in the nation as long as they complied with certain criteria.


Financial watchdogs from across the globe are debating how to control the fragmented crypto sector. Consumer protection, dangers to financial stability, and unauthorized use of digital currency are among the top topics on regulators' agendas.


Crypto.com co-founder and CEO Kris Marszalek stated, "We are thrilled to obtain this registration in Italy and consider it as a huge step forward for Crypto.com." Crypto.com has 50 million members globally.


We will keep cooperating with authorities because we are dedicated to fostering long-lasting development in the area, he added.


The registration of Crypto.com in Italy comes after its entry into the Greek market.


Recently, Trade Republic introduced cryptocurrency services in Spain.


It also provides investments in shares, derivatives, and exchange-traded funds and is approved by Italy's market regulator Consob.


One of the largest cryptocurrency exchanges, Binance, established its Italian branch in May.


American cryptocurrency exchange Coinbase Global said on Monday that it has satisfied the conditions to be listed on the OAM register and serve Italian consumers.


OAM monitors Italian credit brokers and financial agents and enforces anti-money laundering regulations.