South Korea will implement smaller tax cuts on oil products from May finance ministry announcement tax breaks will be extended until the end of June rate to be 10% for gasoline, from the current 15% for diesel and liquefied petroleum gas butane to 15% from 23% …

The US dollar is on the backfoot as the new week gets under way. The market had priced in some hope of progress on trade deals over the weekend but Japanese officials flew home to regroup late on Friday. S&P 500 futures are down 0.5% and the US dollar is broadly weaker. The main selling…

The chart of gold tells the story. It's a slow-motion loss of confidence from Inauguration Day until Liberation Day. Afterwards, it's a fast-motion loss of confidence. There was some selling on Friday, perhaps in the hopes of a weekend trade deal with Japan, but there were dip buyers in a $50 fall on Friday and…

Welcome to the new week, same as the old week. The US dollar is struggling once again today, as it's done for most of this year. Quite simply, the market is offering up a vote of non-confidence in the economic policy mix in Washington. It's an untested mix of tariffs and antagonism towards allies that's…

Five years ago today marked one of the all time crazy days in the commodity futures markets. The May 2020 WTI contract started the day at $17.85 and absolutely, truly imploded. It held for a time at the big round numbers like $10 and $5 and made a stand at zero then completely crumbled to…

Bitcoin Magazine Bitcoin Core Developer Antoine Poinsot: The Great Consensus Cleanup While attending the MIT Bitcoin Expo earlier this month I was able to sit down with Bitcoin Core developer Antoine Poinsot. Currently at Chaincode Labs, Antoine was previously at Wizardsardine, a bitcoin security company behind Revault, a pre-signed transaction based vault, and…

Federal prosecutors said they will continue pursuing their case against Braden John Karony, the former CEO of crypto firm SafeMoon, despite the US Justice Department issuing a memo suggesting a policy of abandoning “regulation by prosecution” related to digital assets. In an April 18 filing in the US District Court for the Eastern District of…

Bitcoin Magazine Spar Supermarket in Switzerland Starts Accepting Bitcoin SPAR has begun accepting Bitcoin payments at its Zug, Switzerland location, marking another milestone in Switzerland’s progressive approach to bitcoin adoption. The implementation uses the Lightning Network through DFX Swiss’s OpenCryptoPay solution, enabling instant transactions at the point of sale. The store’s location in Zug,…

Warning comes after Emmanuel Macron hosted US, Ukraine and other allies for round of negotiations

This could be heading down a dark path. If Trump turfs the Fed Chairman and/or enough Governors to make a difference, then selling the dollar and buying gold is one of the most-straightforward trades you will ever find. "If I want him out, he'll be out of there real fast, believe me," Trump said. "He’ll…