SEC Signs Deal to Spy On Crypto DeFi Transactions
DeFi (Decentralized Finance Industry) will be tracked by the SEC for illicit activity through AnChain.AI The starting value of the contract is $125,000, after that there are five separate one-year $125,000 options per year for a total of $625,000. The SEC seems to be very worried about the Crypto community, in particular those use by hackers and bad actors as well as “suspicious” transactions.
Gold Looks Like A Golden Opportunity
U.S. gold futures were up 0.2% at $1,823.10 yesterday after the Fed Chair Jerome Powell’s speech about tapering Friday. Powell’s statements pushed the dollar index to a two-week trough, strengthening Gold’s appeal..
Conditions For Cannabis Improve
U.S. crop production conditions are risky at best this year. Droughts in the U.S. western regions, along with smoke and fire highlights the need for insurance. Yet, securing insurance for a product that has been federally illegal for decades is not very easy. When it became a legal crop in 2018, cultivators now had the means to secure crop insurance through public and private insurance policies. The recent increase and continued adoption from states who legalized medical and recreational marijuana, has spawned commercial insurance providers to expand coverage. While this may seem on the surface a modest improvement to some, this now entangles a whole new industry that will profit and grow with the hemp industry.