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Digital Currency Revolution Series: Underlying Driving Forces of Ethereum and ETH/USD Price Dynamics

Dec 13, 2019 11:34 am UTC| Research & Analysis Digital Currency Insights & Views

In this write-up, we run you through Ethereums price rollercoaster during 2019, we assess the underlying driving forces and growing pains in 2020 that lie ahead as the network switches from 1.0 to 2.0. As DeFi...

Digital Currency Revolution Series: A Glimpse At Chinese Dominance In Crypto-Mining

Dec 13, 2019 10:15 am UTC| Research & Analysis Digital Currency Insights & Views

Of late, inChina,amid themounting interests in Blockchain and Cryptocurrency on President Xi Jipings commentaries, they have been flexible and optimistic towards mining business of cryptocurrencies. The nation now takes...

FxWirePro: CAD/JPY Diagonal Options Strips To Hedge Both Minor Major Trends Ahead of BoJ

Dec 13, 2019 07:52 am UTC| Research & Analysis Central Banks

CAD was one of the top performers in global FX throughout 2019 but CADJPY has been a laggard, the major downtrend of this pair has been robust amid mild upswings that seems to be momentary. For JPY, soft equity tone...

Digital Currency Revolution

ECB Chief To Expedite Taskforce With Clear Objectives On Digital Currency

Dec 13, 2019 06:28 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views Commentary

The European Central Bank (ECBs) new chief, Christine Lagarde has divulged her intentions to expedite the banks taskforce efforts on a digital currency project. At a news conference in Frankfurt following her first...

FxWirePro: Deploy USD/TRY Diagonal Debit Call Spreads on Turkish Rate Cuts

Dec 12, 2019 13:06 pm UTC| Research & Analysis Central Banks

The Turkish central bank (CBT) will hold its monetary policy meeting today: we expect the repo rate to be lowered by 150bps (from 14% to 12.5%), which is now also the median consensus forecast. This will bring the...

Blockchain Revolution Series

A Glimpse Through Ethereum Transitioning in DeFi Ecosystem

Dec 12, 2019 12:24 pm UTC| Research & Analysis Digital Currency Insights & Views

The upcoming launch of Ethereum 2.0 in January is long-anticipated and it would be the most important and comprehensive update in the networks history. The transition seems to be conducive for the finance industry...

FxWirePro: FX Vols Surface And Option Themes For 2020

Dec 12, 2019 11:26 am UTC| Research & Analysis Insights & Views

Amid low IV (implied volatility) environment, VXY Global heads into next year with the deepest cyclical undershoot on record, in excess of 3 % pts. The IVs of most of the FX pairs have been tepid, jerking in the range of...

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Economy

Britain’s Economic Recovery Driven by Tech and Science Sectors, Leaving Others Behind

Britains economic recovery over the past five years has been largely driven by two key sectors: technology and science-based industries. As these sectors thrive, traditional industries such as manufacturing and hospitality...

Philippine Wealth Grows in 2023, But Country Remains Among Asia’s Poorest, Says Report

Despite a 13.2% increase in financial assets per capita in 2023, the Philippines remains one of the poorest nations in Asia, according to Allianz Globals latest wealth report. While growth was strong, rising liabilities...

Flipkart Sellers Sue India’s Antitrust Watchdog Over Unfair Competition Law Probe

Three Flipkart sellers have filed a lawsuit against Indias antitrust regulator, accusing it of conducting an opaque and unfair investigation into competition law violations. The legal challenge aims to halt the Competition...

Japan's LDP Candidate Ishiba Signals Support for Accommodative Monetary Policy

Shigeru Ishiba, a key contender in Japans Liberal Democratic Party (LDP) leadership race, emphasized Sunday that the countrys monetary policy should maintain an accommodative stance to support the fragile economic...

Global Active ETF Assets Hit Record $1 Trillion Amid Regulatory Changes and Innovation

Global active ETF assets reached a milestone $1 trillion in August, according to ETFGI, driven by regulatory shifts and diverse product offerings. Analysts expect accelerated growth in the coming years.* Regulatory...

Politics

Donald Trump Sounds Alarm: ‘Kamala’s Plan Will Impose the Largest Tax Hikes in History and Confiscate Your Wealth'

Former President Donald Trump issued a dire warning about Vice President Kamala Harriss economic policies, claiming that she plans to implement the largest tax hikes in U.S. history if she remains in office. Speaking to...

Donald Trump Slams Kamala Harris as ‘TAX QUEEN’: ‘She’s Coming for Your Pensions and Savings Unless You Stop Her!’

Former President Donald Trump launched a sharp attack against Vice President Kamala Harris during a rally, labeling her the Tax Queen and accusing her of planning to take away Americans pensions, savings, and hard-earned...

Kamala Harris Under Fire: ‘She Cost Families $29,000 and Lost 325,000 Children – It’s Unbelievable!’

In a fiery speech delivered at a campaign rally, former President Donald Trump launched a scathing attack on Vice President Kamala Harris, accusing her of a range of controversial actions and policies. Trumps remarks...

Donald Trump Delivers Final Blow to Kamala: ‘In Five Weeks, We’re Telling Her—Kamala, YOU’RE FIRED!’

Former President Donald Trump delivered a fiery speech in which he took direct aim at Vice President Kamala Harris, promising her ousting if he returns to the White House. Speaking at a rally in Florida, Trump declared...

Donald Trump's Bold Offer to Companies: ‘Cut Your Taxes to 15% – But Only If You Hire Americans!’

Former President Donald Trump unveiled a sweeping proposal aimed at reshaping corporate tax policies and incentivizing manufacturers to bring their operations back to the United States. Speaking at a recent rally in Ohio,...

Science

Tesla’s $25K Compact Car Could Drive Bigger Stock Gains Than Robotaxi, Analyst Predicts

As anticipation builds for Teslas Robotaxi, some analysts believe the companys upcoming $25,000 compact car will have a more significant impact on its stock. Gary Black of The Future Fund argues that entering the...

Starlink Reaches 4 Million Customers Globally as SpaceX Expands Operations and Services

SpaceXs Starlink has officially surpassed 4 million customers across more than 100 countries. This milestone was announced by SpaceX COO Gwynne Shotwell, who also outlined plans for expanding Starlinks satellite network...

SpaceX Enhances Crew Dragon Safety with Emergency Thruster Landing Capability for Crews

SpaceX has introduced a significant safety enhancement to its Crew Dragon spacecraft, allowing the use of thrusters for emergency landings if parachutes fail. This new feature will be active in the upcoming Crew 9 mission,...

SpaceX Nears 4 Million Starlink Customers and Invests $3 Billion in Texas Starship Development

SpaceX is on the verge of hitting four million Starlink customers, according to President Gwynne Shotwell. The company has invested $3 billion into Starship facilities in Texas, emphasizing the significance of Starship for...

SpaceX Criticizes FAA Over Licensing Delays and 'Inaccurate' Testimony in Congressional Hearing

SpaceX has called out the Federal Aviation Administration (FAA) for making incorrect and concerning claims during a congressional hearing. The tension centers around SpaceXs licensing challenges for Starship missions and...

Technology

OpenAI Projects $5 Billion Loss Amid Surging ChatGPT Revenue and Upcoming Fee Increases

OpenAI expects a significant loss of $5 billion in 2024, despite skyrocketing ChatGPT revenue and planned fee increases. Documents reveal the AI startup anticipates tripling its income by 2025, with users facing rising...

Tesla’s Shanghai Megafactory Reaches 60% Completion, On Track for 2025 Megapack Production

Teslas Shanghai Megafactory is now 60% complete, with production of Megapack units set to begin in early 2025. The factory aims to match Teslas California facility in producing 40 GWh annually, continuing the companys...

China on Crypto Alert: Ex-Finance Minister Sounds Off After US Bitcoin ETF Shift

Lou Jiwei, Chinas former finance minister, has called for a thorough examination of cryptocurrency implications after the US approved Bitcoin ETFs, warning that digital currencies could destabilize global markets due to...

Shiba Inu Among Worst Performers While Meme Coin Rivals Surge—What's Happening to SHIB?

Shiba Inu has tumbled by over 3% in the past 24 hours, making it one of the worst-performing tokens. This comes after a significant 34% rally, leaving holders to wonder if the dip is merely a correction or a sign of...

Billionaire Bitcoiner Flees UK Over Offshore Tax Changes, Settles in Crypto-Powered Swiss City

A high-profile billionaire Bitcoiner has escaped the UKs upcoming tax changes, opting to settle in Lugano, Switzerland, a Bitcoin-friendly town. The UKs tighter tax rules on offshore assets have pushed many top investors...