Skip to content Skip to footer

Crypto Hacks Continue, New iPhones Unveiled & Oil Prices Continue to Rebound

Crypto hacks and fines continue, but Bitcoin remains above USD 45,000

Bitcoin remained above USD 45,000 today as the cryptocurrency continued to show strength after a more than 50% rebound from its recent lows.

This is despite continuing regulatory scrutiny and hackers stealing $600 million in cryptocurrency from the PolyNetwork.

Tens of thousands of people are believed to be affected by the hack and the various member of the DeFi ecosystem such as Tether and Binance are helping to mitigate the damage.

In other news the BitMEX Crypto Exchange agreed to pay $100 million to settle investigations but the CFTC and Financial Crimes Enforcement Network.

New iPhones will feature improved cameras and video

The next generation of iPhones are expected to be released in September or October with major enhancements to the camera and video capabilities.  Features will include Portrait mode for video, ProRes recording and enhanced filters powered by AI technology.

Other than the changes to the camera only modest changes are expected, such as a slightly faster A15 chip, a smaller camera notch, and faster refresh rate. 

Shares in $AAPL were down by 50 cents (0.34%) in afternoon trading.

Oil reverses course on expectations for growth

Shrugging off recent price weakness WTI futures advanced by the most in two weeks as investors continue to expect a rebound in global growth despite the rise of the Delta variant of Covid-19.

While Asian demand for crude has decreased the U.S. Energy Information Administration expects demand in relation to gasoline to average almost 9 million barrels a day during 2022. 

This is after gas consumption for the first half of 2021 average 8.6 million barrels a day. These rates continue to be ahead of the EIA’s initial forecasts.

Nearing the close of trading in New York WTI was 2.96% to $68.45/bbl.

Quote of the day – “To succeed…You need to find something to hold on to, something to motivate you, something to inspire you.” 

Tony Dorsett

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.
Website: www.tradeviewforex.com

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.
Website: www.tvmgloballtd.com

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.
Website: www.tradeview.eu

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.
Website: www.tradeviewlatam.com