Whipsaw Markets November 10, 2020 Macro Matters A strong wave of risk-on flow emerged yesterday following reports that Pfizer’s COVID vaccine candidate prevented 90% of infections in the latest study. As a result, the equities market surged higher, with the German DAX index trading up over 5% and US markets moving nearly as high at the open, while gold fell [...]
Blockchain and the future of digital and crypto currencies November 9, 2020 With the advances in online banking, contactless payments, and the recent concerns related to using physical currency in the days of COVID-19, fewer and fewer people carry cash. And with China leading the way to launch a central bank for digital currencies, this trend is not just set to continue, but to accelerate. Many in [...]
The decline and fall of crypto-libertarians: influencing the crypto licencing map November 4, 2020 At the birth of the modern internet in the 1990s, cyber-libertarians argued that it created a “free” World Wide Web beyond any restrictions that could be imposed by any national regulator or government. By the turn of the millennium it was already clear that not only would the internet be subject to the increasing jurisdiction [...]
Brexit: UK and EU clash on share trading rules November 4, 2020 Square Mile banks and asset managers can use exchanges from the European Union to trade shares from January, creating a cross-border clash in securities rules for investors.
Calculating the good, bad and boring in Defi November 3, 2020 There is a feeding frenzy around decentralised finance (Defi). The most popular decentralised exchange Uniswap has surpassed more than $3bn locked in it, and there was a peak in October of more than $12.5bn of assets in Defi. Much of the excitement has been driven by the returns earned for providing liquidity for ‘automated market [...]
Non-Custodial Wallet lockout? Three Solutions November 3, 2020 At Zumo we believe that only you should be in charge of your money. Nearly everyone keeps their money in a bank account, and you may think that this keeps it safe, secure, and under your control. But the truth is, it is the bank, and ultimately the government, who decide if and when you are [...]
Bitcoin’s closing price for October was its second highest ever monthly close November 3, 2020 By any measure, last week was a pretty special one for Bitcoin. Let’s take a look at the main highlights. On Tuesday (October 27), the plans of Singapore’s DBS Bank, the largest bank (by assets) in South East Asia, to launch its own crypto exchange (“DBS Digital Exchange”) got leaked when the landing page for [...]
