Global Stock Markets Outperformed US in November 2020

The European stocks recovered significantly on the positive news about the COVID-19 vaccine as drugmakers gear up for mass production and distribution and await FDA approval. The Asia markets are looking positive as China’s growth picks up. The last month of November 2020 ended with global stock markets closing on bumper gains and outperforming the US indices by a good margin. All the positive news of the vaccine has brought fresh hope to the world of the economic activity coming back to the pre-COVID era faster than expected. Moreover, the…

First Mover: You Call That a Record? Bitcoin’s November Gains Are 3x Stock Market’s

Bitcoin was higher, appearing to mount a fresh run toward the all-time high near $20,000. The largest cryptocurrency slid 1.3% in the seven days through Sunday, snapping a seven-week winning streak.  As November draws to a close, bitcoin is up 37% just this month, its best performance since May 2019.    “Even if the market has some froth, bitcoin fundamentals look sound,” the blockchain research firm Chainalysis wrote in a report.  In traditional markets, European shares were steady and U.S. stock futures pointed to a lower open as investors turned cautious…

How Bitcoin Development Is Evolving – and What’s Behind It Markets CoinDesk

Today I want to talk about code. I know, this newsletter is for professional investors and not developers – why aren’t we talking about price? Don’t worry, we will further down. But things are evolving with Bitcoin technology that are worth keeping an eye on. While these changes have little to do with the short-term price movements, they are likely to play a significant role in bitcoin’s long-term value proposition. Two things happened this week to make this top-of-mind: a new development funding source was announced, and progress is being…

UK Government to Create Digital Markets Unit to Curb Facebook and Google Dominance

Starting from 2021, a new antitrust unit by the UK government will launch a code to curb Google and Facebook dominance in the market. Moreover, technology companies will be required to be more transparent with the services they offer. The UK government is planning to implement stricter competition rules to curb Facebook Inc (NASDAQ: FB) and Google LLC (NASDAQ: GOOGL) from dominating the tech market. The British government hopes to use the new rule to prevent the tech giants from overriding smaller startups. The new antitrust unit will begin operation in…

Bitcoin Rally Isn’t Just Institutional Driven, Emerging Markets Are Voting For Revolution

Bitcoin very well has the potential to be the successor to the dollar and the next global reserve currency. For now, the store of value narrative and acting as a hedge against inflation has drawn institutions to the asset class finally. Crypto analysts point to the high wealth, “smart money” investor class as the sole reason for the sudden momentum across the market. However, retail volumes in emerging markets have tripled in the last month alone, and are tending at new all-time highs. One crypto firm CEO claims that this…

Tokenization will bring desirable stability to emerging markets

One of the biggest challenges emerging markets face is volatility. Fueled by political and economic instability, dependency on a limited number of industries, and constraints on market accessibility, these matters are exacerbated by a bad or nonexistent regulatory framework. While it doesn’t appear that many of these elements will change anytime soon, there are financial and technological implementations that can be introduced to provide stability. Tokenization — a relatively novel, blockchain-based, cryptographic ratification of assets — can be the vehicle that empowers this vision to be realized. What emerging markets…

Gold Lags Far Behind Bitcoin as Vaccine Optimism Buoys Markets

Bitcoin is outshining gold by a significant margin in price terms as expectations soar of a swift global economic recovery enabled by promising coronavirus vaccines. While the top cryptocurrency by market value has risen 22% to cross $17,000 this month, the precious metal is up just 0.5% at the current price of $1,890 per ounce. The demand for traditional haven assets such as gold has declined this month as two Big Pharma firms, Pfizer and Moderna, announced positive results for their experimental coronavirus vaccines. The resulting speculation that the global…

Up or Down? Establishing Directional Bias in Markets (w/ Ed Harrison and Mark Ritchie II)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Trading markets is a complicated game. Of this, there is no doubt. However, at its very core, there is one simple question that must be addressed, regardless of how one goes about finding the answer. That is, up or down? Bull or bear? This question lies at the heart of all financial analysis and forms the basis for any trade that takes place across global markets. In this segment of Real Vision Live, Ed Harrison sits down with Mark Ritchie II, CIO…

The Crash of Emerging Markets Did Not Slow The Numbers

According to DeFi Pulse, the total value locked in decentralized applications to date comes at about $13.69 billion, a remarkable growth from the $11.184 billion locked at the end of October. Impressive growth has been recorded in the decentralized finance (DeFi) ecosystem despite the imminent crashes the market has experienced. According to a report by Cointelegraph, blockchain analytics firm, Dune Analytics released data shows that DeFi applications in total saw a growth of 55% in its user base from the beginning of October up to Nov. 9, 2020. DeFi creates…