Today's Opening Belle is brought to you by our partners EQONEX & Utrust
EQONEX: Institutional-grade crypto exchange, built to support and enhance crypto adoption.
Utrust: Accept payments in Bitcoin, Ethereum, and major digital currencies
"Late last night and the night before, GaryKnockers, GaryKnockers, knocking at the door.
I want to get in, don't know if I can, 'Cause I'm so afraid of the GaryKnocker man."
That quote's (kind of) from the Tommyknockers, and I have no idea why it came to me.
Maybe because the regulators are in the headlines, knocking on doors and seeing what they find.
Listening to their comments, there's no doubt what they'll be targeting first...
They're going big with the claims to justify taking action...
The pressure is working. After the SEC warned Coinbase about their Lend program, CEO Brian Armstrong criticised the SEC and called their behaviour 'sketchy'.
Now Coinbase is looking to work with the SEC and shape the regulations... 👇
Which isn't a bad thing. It's in nobody's interests for regulators to get too heavy-handed.
You could argue that tough talk was a ploy to squeeze industry leaders and force them to work with the SEC rather than duck and dive...
That said, the riskiest high yield products are definitely on borrowed time.
If a warning shot is fired, that's where they'll be aiming.
Sponsored: Do you even trade, bro? Eqonex are offering $50,000 of BTC prizes for the top 10 traders... Check it out! 👇
I'm addicted to coffee and the market's staging an intervention....
Soon, it's going to be cheaper to get on the amphetamines...
ICYMI, extreme weather in Brazil led to huge crop destruction (estimated harvest of 40% less than the prior year) and drove prices higher as we discussed here 👇
Now the US department of agriculture forecasts that Brazil's Arabica output will drop by almost 15 million bags next year!
I'm literally shaking!
It's all down to climate change too. They'd better sort this before all of us coffee junkies join Greta's cult, or feel compelled to ruin everyone's day by sitting down on the M25.
Junkies will do anything for a hit...
Actual photo of me desperately searching for better news...
And I found it!
USA TO THE RESCUE!
Panic over, let's get serious.
Climate has always impacted crops, and always will do.
The positive side to is that it forces people to try new things, and question prior assumptions.
Coffee is largely produced in the Coffee Belt, located between the Tropic of Cancer and the Tropic of Capricorn, where countries such as Brazil, Colombia, Ethiopia and Vietnam have provided the best climate for coffee trees, which need constant heat to survive.
Does that mean coffee can't be grown outside of those areas? Let's test it! 👇
As the climate warms in the southern United States, researchers at the University of Florida (UF) are working with a pilot plantation to see if trees will survive in that state.
Scientists have just moved seedlings of arabica coffee trees grown in a greenhouse to the open, where they will be exposed to the elements, creating the risk that plants could be killed by the cold when the winter comes.
"It is going to be the first time they will be tested," said Diane Rowland, a lead researcher on the project.
Rowland said researchers are planting coffee trees close to citrus, an intercropping technique used in other parts of the world as larger trees help hold winds and provide shade to coffee trees.
The project, however, is about more than just coffee cultivation. Alina Zare, an artificial intelligence researcher at UF's College of Engineering, said scientists are also trying to improve how to study plants' root systems. That, in turn, could help in the selection of optimal coffee varieties for the region in the future.
Even if successful, it's going to be a while before the US makes any kind of dent in Brazil's dominance...
But that's not really the point.
Testing these things out provides more data and information, which leads to breakthroughs such as the more drought-resistant crops mentioned here 👇
'Climate change' is an ever-present threat to humanity, and always has been.
As long as we don't get complacent and think that we've somehow beaten nature, we'll still be battling the climate in 100 years time and far beyond.
Sponsored: Easily receive crypto payments with Utrust 👇👇👇
Don't know what financial news stories are important and what is complete bullsh*t? Hop onto our filtered news channel.
It's completely free 👇👇👇
And if you really want to get to grips with how global markets and economics work, with trade ideas to give you actionable context, then come and join us as a premium member where you're likely going to get a nice Market IQ boost. 👇
Check out our reviews on TrustPilot 👇👇👇
Share this article: